Zamir Sheikh

  • KARACHI - Bloodbath activity was witnessed at Pakistan Stock Exchange (PSX) on Tuesday as aggressive selling was observed in the latter hours of the day, dragging down the benchmark 100-share index by 1,679 points. The index closed at 44,914 points. The market closing below the 45,000 points mark ...

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  • KARACHI - The State Bank of Pakistan (SBP) on Tuesday highlighted that the asset base of the banking sector has expanded due to rise in both the advances and investments supported by marginal rise in deposits and increase in borrowings from financial institutions. The central bank in its Quarterly ...

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  • KARACHI - The PPP-led Sindh government on Monday unveiled its fifth budget for 2017-2018 with major focus on energy, education, health, employment, law and order and infrastructure. The total receipts of the province for financial year 2017-18 are estimated at Rs 1.02 trillion against an estimated ...

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  • KARACHI - Legal luminary Syed Sharifuddin Pirzada breathed his last here on Friday morning after a protracted illness at the age of 94. Born on June 12, 1923, in Burhanpur, British India, in what is today Madhya Pradesh. His father was also a noted barrister who served the Indian Civil Service at ...

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  • KARACHI - The federal budget for 2017-18 is devoid of any proposals to overcome the serious risks and challenges being confronted by the economy. The reason is that the measures required by the ailing economy would hurt the interests of the rich and the powerful, said economist Dr Shahid Hassan ...

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  • KARACHI - The State Bank of Pakistan (SBP) on Saturday announced its last monetary policy for FY2016-17 decided to keep the policy rate unchanged at 5.75 percent. The bimonthly monetary policy statement said real GDP growth in FY17 is provisionally estimated at 5.3 percent representing a 10 year ...

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  • KARACHI -  Undue protests and blame game for political mileage in the aftermath of the Supreme Court judgement in Panama case is likely to have a negative impact on the economy and dilute achievements of the CPEC, renowned economist Dr Shahid Hassan Siddiqui told The Nation on Thursday. He ...

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  • KARACHI - Sindh Chief Minister Murad Ali Shah, who is known for his dovish attitude, issued a serious threat to the federal government on the issue of gas distribution. Speaking on the floor of Sindh Assembly on Thursday, he warned that if their concerns over gas distribution are not addressed by ...

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  • KARACHI -  The State Bank of Pakistan (SBP), in its report released on Friday, said that current account deficit had almost doubled compared to the last year. This was due to surge in growth-inducing imports along with non-realisation of CSF and decline in exports and remittances. The central ...

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  • KARACHI - Prime Minister Nawaz Sharif on Tuesday maintained that forcible conversion and destruction of worship places of other religions is a crime in Islam. Speaking at a function organised at a local hotel on the occasion of Holi, the spring festival celebrated by the Hindu community, in ...

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  • KARACHI -  Pakistan's central bank maintained the country's main policy interest rate at 5.75 percent on Saturday, citing overall macroeconomic stability marked by a healthy expansion of credit, upbeat sentiment among businesses, a stable exchange rate and a steady inflation outlook. The Bank ...

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  • Zamir Sheikh - Inclusion of three major projects of Sindh province to the multi-billion dollar China Pakistan Economic Corridor- Karachi Circular Railways, Keti Bandar and Dhabeji Special Economic Zone in the multi-billion-dollar project, open up new vistas of development and prosperity in the ...

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  • KARACHI - Renowned architect Habib Fida Ali passed away on Saturday. He was 81. His funeral was held at 12 noon at the Bohra Qabristan in Karachi. Habib Fida Ali, born in 1935 in Karachi, was one of Pakistan’s most prominent architects. Karachi has lost its finest architect. Habib Fida Ali ...

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  • KARACHI: Renowned architect Habib Fida Ali passed away on Saturday. He was 81. His last rites were performed at 12 noon at the Bohra Qabristan in Karachi. Habib Fida Ali born in 1935 in Karachi was one of Pakistan's most prominent architects, working in the modernist tradition. Karachi has lost its ...

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  • KARACHI -  The State Bank of Pakistan (SBP), in its First Quarterly Report for FY17, on the State of Pakistan’s Economy predicts an increase in fiscal and current account deficits in the first quarter, and pointed out that this YoY increase was driven primarily by the absence of inflows ...

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  • The political scene in Pakistan was shaken when a number of changes occurred throwing into doubt the continuity of the policies at home and abroad. Removal of Syed Qaim Ali Shah from the slot of chief minister and bringing in of younger Syed, Murad Ali Shah the son of former chief minister late ...

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  • KARACHI - Today we celebrate the 140th birth anniversary of Pakistan’s founding father Quaid-e-Azam Muhammad Ali Jinnah with zeal and fervour. The day gives us the opportunity to look into the history of the great man who carved out an independent homeland for Muslims of the subcontinent. His ...

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  • KARACHI -  Tax amnesty, currency notes of large denominations and withholding tax regime are detrimental to the economy, said economist Dr Shahid Hasan Siddiqui while talking to The Nation. He said that the money in circulation as percentage of GDP in Pakistan is already very high. After ...

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  • KARACHI -  Banking sector has remained in sound and stable state during Q3CY16. The solvency profile of the banking sector has strengthened as Capital Adequacy Ratio (CAR) has improved to 16.8 percent, while profit after tax has stood at Rs138.9 billion for the first nine months of CY2016, ...

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  • KARACHI -  The State Bank of Pakistan announced the monetary policy for the next two months on Saturday, keeping the benchmark interest rate unchanged at 5.75 percent. The bi-monthly monetary policy statement said after bottoming out in October 2015, CPI inflation has been following a rising ...

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  • KARACHI - The world is confronted with new challenges and old security threats are changing to adapt to new technologies. South Asia has shown a tremendous resilience and is emerging as one of the fastest growing region and economic market. Nevertheless, at the bilateral level in South Asia, the ...

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  • KARACHI - Prime Minister Nawaz Sharif yesterday said Pakistan was committed to discouraging arms race in the region, but would pursue the motive of ‘Arms for Peace’. Addressing the inaugural ceremony of four-day 9th International Defence Exhibition and Seminar (IDEAS) here, the prime ...

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  • KARACHI -  Pakistan’s public debt witnessed rise of Rs2.3 trillion in last fiscal year (FY16), and reached Rs19.7 trillion (66.5 percent of GDP) by end of June 2016. “This sharp increase in public debt could be largely explained by revaluation losses caused by unfavourable currency ...

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  • KARACHI -  The State Bank of Pakistan announced the monetary policy for the next two months on Saturday, maintaining the interest rate at 5.75 percent. The bi-monthly monetary policy statement said the current account deficit is at the risk of widening further owing to declining exports and ...

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  • KARACHI - The State Bank of Pakistan, in its quarterly performance review of the banking sector, has highlighted that the asset base of the banking sector has registered an increase of 7.7 percent. The Quarterly Performance Review (QPR) ended 30th June 2016, released on Thursday, marked with ...

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  • KARACHI - Prime Minister Nawaz Sharif yesterday reiterated his government’s commitment to development of Pakistan at a fast pace and said the nation must question those who were trying to push the country to the ages of darkness. Addressing the awards-distribution ceremony for the companies ...

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  • KARACHI - Prime Minister Nawaz Sharif yesterday launched Pakistan Navy Fleet Tanker at Karachi Shipyard & Engineering Works on Friday. Speaking as chief guest at the launching ceremony of the 17,000-ton fleet tanker built with the cooperation of Turkey, the prime minister expressed pleasure ...

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  • KARACHI - Banks made agricultural credit disbursement of Rs 598.3 billion during the last fiscal year (FY16), which is almost 100 percent of the overall annual target of Rs 600 billion and 16 percent higher than the disbursement of Rs 515.9 billion made during FY15, according to SBP report. It is ...

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  • KARACHI - The State Bank of Pakistan on Saturday announced the first monetary policy of the new fiscal year (FY17), keeping the policy rate unchanged at 5.75 percent. SBP Governor Ashraf Wathra, unveiling the bi-monthly monetary policy, also gave some indications about the difficulties the national ...

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  • KARACHI - A day after Syed Murad Ali Shah was sworn in as the Sindh chief minister, his 17 member-cabinet, comprising nine ministers, four advisers and as many special assistants took oath yesterday. Sindh Governor Dr Ishratul Ebad Khan administered oath to the ministers during a ceremony held at ...

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