Petroleum policy 2007: Planning Commission raises eyebrows over alteration
The Planning Commission has raised eyebrows over 'unnecessary' alteration in Petroleum Policy 2007, saying that rapid revision of existing policy in a year's time is not justified as its outcome has not yet been adequately quantified, official sources told Business Recorder more...
Offshore investors withdraw $36.464 million from KSE
The outflow of foreign portfolio investment from the country's equity market continued as the offshore investors withdrew $36.464 million during the outgoing week ended January 23, 2009. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative outflow of this mode of investment surged to $97.663 million in the current month from January 1, 2009 to date more... (BR)
KSE index dives to 52-month low
Heavy selling pressure, mainly by foreign investors, continued at Karachi share market during the week ending on January 24, 2009, and KSE-100 index went down below 5,000 points level. The KSE index lost 582.38 points to close at 4,929.55 points from previous week's closing of 5,511.93 points more... (BR)