Foreign Exchange Reserves Down by $24mn

Pak foreign exchange reserves witnessed record decrease of $2.4 crore this week.

According to State Bank of Pakistan (SBP) data, the foreign reserves reached 16.49 billion dollars after a nominal decrease. The SBP reserves recorded at Rs 12.63 crore while, reserves of commercial banks reached at 3.76 billion dollars.

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Load shedding troubles Sialkot’s industries – Trend Pk VIDEO

Sialkot’s sports manufacturing industry earn millions of dollars in foreign exchange for the country, but long and constant load shedding has troubled all small and large industries of the city. Shehzad Ahmad shares details with us. (November 1, 2010)

Bears grow strong, squeeze 299 points off KSE

KARACHI: Bearish trend Thursday reached a new height at Karachi Stock Exchange (KSE) as heavy selling made the benchmark KSE-100 Index take a nosedive down 299 points to close at 9,380.

The imposition of Capital Gains Tax (CGT) is finally taking its toll at the local bourse where investors seemed panicked as they found off loading their holdings a better option in the current scenario.

Even the government’s financial institutions appeared reluctant to accumulate scrips which have become available at low levels.

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