Budget deficit will be contained at 4.5% of GDP in ’11-12 ISLAMABAD: The National Assembly (NA) Standing Committee on Finance, which met at the Ministry of Finance on Wednesday, was informed that the budget deficit will be contained at 4.5 percent of the gross domestic product (GDP) in 2011-12 and thereafter further reduced by 0.5 […]
KARACHI: The dollar remained unchanged against the rupee in the interbank market, dealers said on Tuesday. The greenback started the day’s trading at Rs 84.53 for buying, did not witness any change and closed at Rs 84.53 for buying and Rs 84.58 for selling. The euro gained strength against the rupee as it started the […]
ISLAMABAD: The Islamabad stock market closed lower on Tuesday as the ISE 10-share index dropped by 1.05 points to close at 2,623.69 points from its previous level of 2,624.74 points. Of the total 135 participant companies, 67 climbed upward and 68 turned negative. However, total turnover increased to 0.130 million shares from 0.015 million shares […]
KARACHI: The Karachi stock market closed higher on Tuesday as record earnings announcements in banks and chemical sectors propelled investors to go for buying activity. The Karachi Stock Exchange (KSE) 100-share index gained 17.44 points or 0.15 percent to close at 11,933.46 points as compared to 11,916.02 points of the previous session. The KSE 30-share […]
By Sajid Chaudhry ISLAMABAD: Development budget for Public Sector Development Programme for 2011-12 might cross the initial proposed allocation of Rs 280 billion, Sohail Ahmed, Federal Secretary Planning Commission (PC) told on Tuesday. “PSDP for 2011-12 could be fixed between Rs 280-365 billion subject to the availability of financial resources,” Sohail said. Secretary Planning Commission […]