Pakistan News

    Werrick Pharmaceuticals Karachi Stock

  • Arrest warrants issued against pharmaceuticals, pharmacists

    A court in Quetta Thursday issued arrest warrants against owners of two pharmaceutical companies and six medical stores for selling counterfeit drugs...

    Judge Abdul Majeed Nasar issued the arrest warrants in a case filed by the Balochistan Quality Control BoardThe counterfeit drugs were being sold in Quetta and other parts of the province
  • Dr Asim admits to ‘role’ in Karachi Stock Exchange crash, court told

    KARACHI: The National Accountability Bureau told an accountability court on Tuesday that former federal minister Dr Asim Hussain allegedly confessed to his ‘role’ in a Karachi Stock Exchange crash and named veteran stockbroker Jahangir Siddiqui and former privatisation minister Syed Naveed Qamar for illegal approval of a right issue through the Securities and Exchange Commission of Pakistan (SECP)...

    “Interrogated accused who...

  • The ‘good old days’ of Karachi’s stock exchange

    THE Karachi Stock Exchange (as the Pakistan Stock Exchange was formerly called) was established in 1947 coinciding with Pakistan’s independence...

    Along with the locals, the migrants from Bombay — where they traded in a flourishing stock business — were the first to seek membership of the newly established exchange...

  • Beverage firm allowed to clear stock in Ramazan

    The apex court allowed the makers of Rooh-i-Samar to do brisk business by clearing their stock during the month of Ramazan by offering their products in the market for selling domestically as well as internationally...

    A two-judge Supreme Court bench consisting of Justice Umar Atta Bandial and Justice Maqbool Baqir had taken up an appeal instituted by Mohammad Faheem of Cornish Foods Karachi, the makers of Rooh-i-Samar, against the...

  • KSE to become Pakistan Stock Exchange

    KARACHI: An extraordinary general meeting of the Karachi Stock Exchange (KSE) on Monday approved the resolution to change the name of KSE to Pakistan Stock Exchange...

    The meeting adopted a Special Resolution, to approve the schemes of integration of KSE with Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE), and to affect such changes, approving the amendments in Memorandum and Articles of Association of KSE...

  • Stock investors aren’t cheering

    KARACHI: The investors were taken aback by back-to-back blows delivered by Finance Minister Ishaq Dar on the country’s corporate sector and the stock market in his budget speech for 2015-16 on Friday...

    Former chairman Karachi Stock Exchange, Arif Habib says that investors’ confidence could initially be shaken but ‘after a while as the impact sinks into the psyche, the market might stabilise’...

  • Stock market & the economy

    There is an impression that if the stock market is booming (with price earnings ratio and dividend yields of our market comparing quite favourably with those of other emerging markets) the economy must also be doing well, and vice versa...

    In other words, the stock exchange index is a good barometer of the state of the economy...

  • Volatility taking toll on stock market

    KARACHI: The KSE-100 index dropped 437 points (one per cent) in the outgoing week to settle at 42,642 points...

    “It appears that market participants have overplayed the volatile elements at play,” they said in their weekly stock review...

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