06-16-2024, 08:52 AM
Spne Power sector woes Pakistan reins in Rs2.2tr circular debt
KARACHI:Bears tightened their grip on the country s largest bourse despite a 50 basis points reduction in the discount rate as the benchmark Karachi Stock Exchange s 100 share index slid 693 points (3.59%) during the week to close at 21,005 points.The bulk of the decline came on the opening session of the week, when the index plummeted 650 points and closed marginally above the 21,000-point barrier. The barrier became a support for the rest of the week as the index managed to hover above it despite volatility.This week s decline follows campus adidas schuhe up on the massive 3.7% decline witnessed in the previous week, resulting in an overall decline of 1,536 points or 7.9% for the benchmark index in past two weeks.It was expected that the market s slide would halt following the announcement of the monetary policy last Friday by the State Bank of Pakist adidas samba schuhe an, where it slashed the discount rate by 50 basis points to 9%.Further impetus was provided by the announ yeezy 350 cement of the government s plan to retire the Rs50 ISLAMABAD:PTI leaders and federal ministers have vowed to thwart opposition rsquo;s attempt to oust Prime Minister Imran Khan through no-confidence motion, which was submitted in the National Assembly Secretariat on Tuesday.In a statement, Foreign Minister Shah Mahmood Qureshi said filing no-trust motion was opposition parties rsquo; constitutional right but added that the ruling party along with its coalition partners will defeat the opponents in the ldquo;political battle rdquo;. ldquo;Imran Khan is an elected prime minister who came into power through a huge public mandate in 2018 elections, rdquo; he maintained.FM Qureshi said he discussed the matter of no-confidence vote with the premier and it had been decided that the ruling party will make all-out efforts to foil the opposition rsquo;s move.Qureshi said he briefed the premier on opposition rsquo;s ldquo;ulterior motives rd airmax quo; behind the no-trust move a new balance 550 nd claimed tha nike air max 1 t he had ldquo;some information rdquo; regarding opposition
KARACHI:Bears tightened their grip on the country s largest bourse despite a 50 basis points reduction in the discount rate as the benchmark Karachi Stock Exchange s 100 share index slid 693 points (3.59%) during the week to close at 21,005 points.The bulk of the decline came on the opening session of the week, when the index plummeted 650 points and closed marginally above the 21,000-point barrier. The barrier became a support for the rest of the week as the index managed to hover above it despite volatility.This week s decline follows campus adidas schuhe up on the massive 3.7% decline witnessed in the previous week, resulting in an overall decline of 1,536 points or 7.9% for the benchmark index in past two weeks.It was expected that the market s slide would halt following the announcement of the monetary policy last Friday by the State Bank of Pakist adidas samba schuhe an, where it slashed the discount rate by 50 basis points to 9%.Further impetus was provided by the announ yeezy 350 cement of the government s plan to retire the Rs50 ISLAMABAD:PTI leaders and federal ministers have vowed to thwart opposition rsquo;s attempt to oust Prime Minister Imran Khan through no-confidence motion, which was submitted in the National Assembly Secretariat on Tuesday.In a statement, Foreign Minister Shah Mahmood Qureshi said filing no-trust motion was opposition parties rsquo; constitutional right but added that the ruling party along with its coalition partners will defeat the opponents in the ldquo;political battle rdquo;. ldquo;Imran Khan is an elected prime minister who came into power through a huge public mandate in 2018 elections, rdquo; he maintained.FM Qureshi said he discussed the matter of no-confidence vote with the premier and it had been decided that the ruling party will make all-out efforts to foil the opposition rsquo;s move.Qureshi said he briefed the premier on opposition rsquo;s ldquo;ulterior motives rd airmax quo; behind the no-trust move a new balance 550 nd claimed tha nike air max 1 t he had ldquo;some information rdquo; regarding opposition
