Investors at the Karachi Stock Exchange rose in protest at mid-day on Thursday against the incessant meltdown in stock prices.
As trading began, the market immediately dived 500 points, losing 4.5
per cent of the value, which marked the second consecutive day of a
tight bear hug.
In a mixture of anxiety and exasperation, investors watched most of the
stocks open on the ‘lower lock’, repre.. Read more
Eight (8) power plants in the country are down due to shortage of fuel. Oil reserves with the WAPDA have ended and there is no way these power plants can function.Load shedding times have been further increased as we witness the worst Power crisis to have hit Pakistan in recent times.It is time the government showed us its determination to solve the problems of the Pakistani people which have only.. Read more
Karachi Stock Exchange (KSE) yesterday’s fight back, perhaps proved too
exhaustive sapping all of its energy that brought KSE-100 index today
falling flat by 567 points and down below 12,200 marks.The
market opened downbeat and soon went through severe bouts of
depression, except a brief moment, when the index was seen gaining by
100 points, but that proved elusive, as there was nothing to .. Read more
"The Karachi Stock Exchange index of 100 shares plunged by 615 points or
close to the maximum of five per cent on what many investors thought
was ‘black Friday’ for the market. It was the biggest single-day
decline since the start of the current year.
Traders said that everyone had expected equities to drop, following the
monetary measures announced by the State Bank of Pakistan on Thursd.. Read more
KARACHI, May 9: The oil-pegged US dollar cut the size of the rupee by
another 3.5 per cent on Friday, the largest cut in a single day,
pushing it down to close to Rs70.
Meanwhile, the State Bank stopped exchange companies from taking the UK
pound, euro and UAE dirham out of the country. It also asked commercial
banks to sell the dollar in the inter-bank in the second session of the
market.
.. Read more
NEW YORK, May 9: Oil jumped to a new intraday record of $126.20 a
barrel on Friday, extending gains to more than 11 per cent since the
start of the month on fuel supply concerns and a rush of speculator
buying. American crude for June delivery was up $2.03 at $125.72 a
barrel by 17:15 GMT.
“It appears that any calculations that included waiting for the next
pullback were discarded on the E.. Read more
Accusing the PML-Q and caretaker governments of
fudging figures and mismanaging economy, Finance Minister Ishaq Dar has
said that the new government will have to take harsh measures over the
next 75 days, including increase in oil prices and rationalisation of
taxes, to put the economy on the right track.
“The budget expenditure overruns amount to Rs522 billion which the
government needs t.. Read more
I'd say it's victory for the internet. We have been saved from Microsoft dominance over the internet too. The Yahoo! Board has formally rejected Microsoft's huge $44.6 billion bid, calling it undervalued. Here is the news that appeared on the Yahoo! News website:"SAN FRANCISCO - Yahoo Inc. spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate Monday, betting that it can elicit a .. Read more
How to get your first customer was the talk of the day. An illustrious event that started off with beautiful television advertisements from the '80's to get the audience on their toes. Start-up insiders # 4 it was. A journey that took off from the dining room of Pix-sense has come so far, its 4th event in a matter of 3 weeks. Lahore and Islamabad witnessed these sessions in the same high spirits... Read more
Well Well Well! What do we have here! Microsoft pouncing on Yahoo!? Well this will be, and already is to some extent, the hottest topic in any discussion from hereon! Microsoft has pounced on slumping Internet icon Yahoo with an unsolicited takeover offer of $44.6 billion, seeking to join forces against Google in what would be the biggest Internet deal since the Time Warner-AOL merger in 2001.The .. Read more
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I'd say it's victory for the internet. We have been saved from Microsoft dominance over the internet too. The Yahoo! Board has formally rejected Microsoft's huge $44.6 billion bid, calling it undervalued. Here is the news that appeared on the Yahoo! News website:"SAN FRANCISCO - Yahoo Inc. spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate Monday, betting that it can elicit a .. 
