Re: Pakistani stocks close at four-year high as inflation hits 33-month low
We need to remember we dont buy Brent, we get oil from Gulf at much cheaper rates. At the moment the country is running on oil prices, as the government has failed to diversify and increase the tax collection.
Fair point. I did not realize Gulf was the supplier and gulf oil cheaper than Brent.( Brent is cheaper per barrel compared To WTI.)
Re: Pakistani stocks close at four-year high as inflation hits 33-month low
How many times oil prices fluctuated in world market during the same period? Regarding haram khors, woh to pura Pakistan in se bhara howay hay, including your PTI which you also admitted in your interview. kis kis ko row-a- gay?
So when the price goes up, it is fluctuation in international markets and when it comes down, it is 'maharbani' of our dear benevolent government. Thank you for your brilliant analysis.
Re: Pakistani stocks close at four-year high as inflation hits 33-month low
So when the price goes up, it is fluctuation in international markets and when it comes down, it is 'maharbani' of our dear benevolent government. Thank you for your brilliant analysis.
You are hallucination a lot, I did not say that. Read my post again.
Re: Pakistani stocks close at four-year high as inflation hits 33-month low
Pakistan’s Karachi Stock Exchange 100 Index (KSE100), Asia’s cheapest benchmark gauge, rose to a record after banks and oil companies reported an increase in profits and the government amended a tax on shares.
The index of 100 companies traded on the Karachi exchange rose 0.4 percent to 15,712.21, surpassing the previous record close of 15,676 set on April 18, 2008.
The benchmark index has surged 38.5 percent this year, the third-best performance among 92 stock gauges tracked by Bloomberg, after Pakistan eased rules on a capital gains tax on shares in January to increase investor activity.
“The next six months will see more consolidation,” said Muhammad Imran, head of local equity sales at Arif Habib Ltd. in Karachi.
Overseas investors bought shares worth six billion rupees ($62 million) this year through Oct. 2, according to data on the website of the National Clearing Company of Pakistan, which handles transactions for investors and traders at the exchange.
Re: Pakistani stocks close at four-year high as inflation hits 33-month low
For some one this is full load of stones, rocks and bricks very difficult to swallow.
Re: Pakistani stocks close at four-year high as inflation hits 33-month low
**IMF warns Pakistan economy deteriorating **
ISLAMABAD – The International Monetary Fund (IMF) said Thursday Pakistan is facing a challenging economic outlook, as its GDP growth in the current financial year, 2012-13, is projected to be in 3-3.5 per cent range (against the target of 4.2 per cent), which needs to accelerate in order to absorb the growing labour force. “Pakistan’s economic situation was worsening and faces a return to double-digit inflation as the government prints money to finance its deficit,” the IMF observed in a mission report.
“Economy is deteriorating” sounds a gross understatement.