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 […]
KARACHI: Entrepreneurship initiatives especially in Information and Technology (IT) are vital for the economic development of Pakistan where creation of job opportunities via small businesses is an important driver for growth and wealth distribution, Moin Fudda, Country Director, Center for International Private Enterprise (CIPE) said while speaking to a group of IT entrepreneurs, aspiring students […]
KARACHI: The Karachi cotton market observed a firm trading session, while most of the weak ginners brought out their low grade lint on low margins amid firm spot rate with higher demand for fine lint, traders at the Karachi Cotton Association (KCA) said Tuesday. Ginners with weak withholding power brought out their stocks on minimum […]
KARACHI: Auditor General of Pakistan (AGP) has recently completed initial audit of all auctioned projects and administrative expenses of Universal Service Funds (USF) and National ICTR&D Funds, industry officials said. The AGP had ordered executive bodies of these two departments to explain the raised objections on procedural irregularities found in the terms & conditions, modalities […]