Azure Pakistan

Rupee up against dollar, euro
The rupee appreciated by 120-paisa against the dollar and by 25-paisa against the euro last week.

Stocks lose 179 points on foreign selling
The market started on Tuesday with slight gains of 13 points to intra-day high, but investors began profit taking and the selling spree gained momentum in the last hour with the index closing down 179.59 points or 0.75 per cent to 23,798.70.

Besides the lack of triggers that could push index past the strong resistance level of 24,000, the investors were spooked over the heavy selling by foreigners on Monday.

The trade potential between India and Pakistan is estimated to be around $20 billion against the current around $3bn, according to a working paper published by ICRIER.

However, non-trade barriers (NTBs) and bureaucratic hurdles continue to impede growth in the bilateral trade.

To foster dialogue in this regard, ‘Normalising India-Pakistan Trade – 2nd Regional Chambers of Commerce Roundtable’ was held on Tuesday.

Relief package fails to charge stock investors
The KSE-100 index drifted both ways in a directionless trade, but managed to close at 23,639.97, gaining 44.36 points.
Azure Pakistan Karachi Stock Exchange

Islamic banking grows by 7pc
But the momentum in growth started weakening due to increasing base, said Islamic Banking Bulletin of the State Bank

Senate panel asks govt to undo KESC sale
The committee held the ministry of water and power, Wapda and power companies responsible for energy crisis