Category: Economy

Economy, Inside Story, National

US dollar price hits all time high in Pakistan

Open market buying price of US dollar hit all time high of over 85 Rupees per unit. US Dollar is constantly declining in the international price but its price is Pakistan continued to rise. Also in the inter bank it was being sold at all time high of 84.92 Rs per unit. Dollar have actually risen up about 25 Rs in just in period of last two years by coming to price of 85 from just Rupees 60. It must also be kept in mind that before this US dollar price had taken about years to rise just Rupees 20 in the period of over 10 years when the USD price was on the way to 60 Rupees per unit […]

Economy

OGDCL Pakistan on the road to failure in achieving targets of 2009- 2010

OGDCL is  an oil and gas company which is ran by Government of Pakistan. It controls large amount of oil and gas reserves of the country totaling up to the 45% of gas and 35% of the oil reserves of the country. This company is also responsible for research and development in the sector. The company had a target of digging out 42 wells in current financial year 2009-2010 but is lagging well behind the target and will most likely will be unable to achieve the target. Company have been able to dig just 6 wells up till now in this year and need to dig up about 36 more in remaining period of less than 6 months to achieve […]

Economy, National, Stock Exchange

KSE-100 index falls, economic downturn continues

KSE-1oo index dropped 3.36% and closed at 9247.78 today. Over the past month or two after the security situation became better in the country, 100-index was increasing significantly and lots of foreign investment was coming in seeing the improved security situation. But soon after the security situation in the country worsen again, the foreign investment again not coming in and 100-index fell significantly. As there were serious attack threats all over the country and all education institutions were closed looking the bad security situation the foreign buyers’ trust jolted. As Pakistani security forces are at decisive war against the militants hiding in South Waziristan, on other hand these militants are targeting the normal public in the country to pressurize the […]

Economy, Happenings, National, National Development, Stock Exchange

Foreign investment is back in Karachi Stock Exchange

As soon as government ensured the improvements in the energy sector, this have increased the confidence of foreign investors and Karachi stock exchange have observed good investment by foreigners. In last month, Aug 2009 the money foreign buyers bought shares of about $95.3 million and this month on alone 1st Sep, 2009 the investment of 21.29 million was observed from the foreign investors. More over KSE-100 index was ended on its highest of the year at 8,878.64 today. This is big improvement and if the political parties and country’s leadership don’t come up with any other issue this confidence by foreign buyers will further strengthen and loads of foreign investment is expected. As this year KSE-100 index already gained 51.38% […]