Member directors with leading brokers including Yasin Lakhani; AKD; Arif Habib and Haji Ghani Haji Usman sat on the dais.
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TOP STORIES
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Obama launches political offensive on economy
Obama's economic team is considering a raft of new measures which could include tax breaks for businesses. -
Japan approves new financial sanctions against Iran
The step comes a month after Tokyo approved punitive measures in line with a June UN Security Council resolution. -
PTCL strike hampering business activities
KATI Chairman Razzak Hashim Paracha said that 42,000 phones are reportedly dead in the city alone. -
Pakistan's reserves rise to $16.12billion
Reserves held by the State Bank of Pakistan (SBP) rose to $12.37 billion from $12.35 billion. -
World Bank, IMF agree to give $550m
The money will come from the bank’s fund for the poorest countries, the International Development Association. -
World Bank, IMF step up aid to Pakistan
The World Bank raised flood aid to $1bn while the IMF approved $450mn in emergency financing to help Pakistan.
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EDITOR'S CHOICE
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MEDIA GALLERY
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Industrial life in Japan and China
HIGHLIGHTS
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Unjust taxation
Why must the already taxed be burdened more when so many enjoy comfortable lives outside the tax net? -
NPLs may cross Rs500bn in FY11
The SBP has indicated that the NPLs would increase by Rs48 bn this fiscal year. -
Cabinet decisions ignored
The PM will have to deal with this issue sooner than later if the economy is to be fixed. -
Dewan City facing flood threat
The Dewan City is 22kms away from Sujawal. -
IMF’s ‘short breather’
It indicated last week its willingness to ease the terms of the loan and provide additional funds. -
Uncertainty at SBP
Without a full-term governor much of what needs to be done cannot be done adequately.
WEATHER - PAKISTAN
Cities
THE CROP SOLUTION
“Unless people get seeds over the next few weeks they will not be able to plant wheat for a year.”
AUTO SECTOR
Where the auto industry has localized, it has produced thousands of jobs and an extensive vendor industry.
MARKET TACTICS
It will be ultimately brokers who will lose value of their huge investments and will come to rescue the situation.
PROSPERING NEIGHBOUR
India, the world’s largest market for gold, consumes around 700 tonnes of the metal a year.
SINKING INDUSTRY
"Already expensive leather products would soar higher beyond people’s purchasing power."
EYEING THE SHORTFALL
Indian producers will seek to take advantage of a government decision last week to lift a ban on exports.
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