M. M. ALAM
KARACHI: Director General National Accountability Bureau (NAB) Muhammad Altaf Bawani while talking here at Karachi Chamber of Commerce and Industry told that according to a research conducted by NAB it transpired that cost of doing business in Pakistan augmented by 20% due to corruption.
Negating a member’s observation that government employees were corrupt due to being underpaid, Altaf Bawani held that there was a minor difference between need-based and greed-based corruption. Those who are not content should opt for other professions.
He told that 35 personnel of NAB were investigated for their involvement in corruption and many were still languishing behind bars.
Speaking about the importance of educating youth vis-à-vis corruption Altaf Bawani informed that with the support of HEC, NAB was approaching University and school students, particularly girls.Earlier President KCCI Muffasar Atta Malik, pointing out that due to corruption legitimate investors suffered, asked to computerize processes and minimize human to human contact.Chief of BMG Group Siraj Kassam Teli said that only businessmen who send their own capital abroad were targeted for corruption because they could not retaliate, while politicians, bureaucrats and generals were not nabbed though they usurp nation’s money.
PSX: Rupee’s depreciation lets bulls stay in the bourse on week’s 3rd trading day!
KARACHI: Specter of rising dollar helped KSE-100 Index close in the green (44,646 points) on the week’s third trading day with an augmentation of 0.76%.
Rs.9.11 billion worth of 207.1m shares were traded. Today’s top five traders of shares were Lotte Chemical, 16.49m shares (+2.78pc); TRG Pak,14.84m shares (+4.10pc); Sui Southern Gas, 13.4m shares (+3.64pc); Unity Foods, 9.54m shares (+0.85pc); Nimir Resins: 9.48m shares (+2.31pc).
PSX: Bulls reign the bourse due to augmenting dollar rates!
KARACHI: KSE-100 Index closed in the green (44,310) with an increase of 770 points as the dollar rates augmented overnight.
Rs. 10.98b worth of 220m shares were traded today. Value of the shares of 209 shares augmented, 147 plummeted while 18 remained stagnant.
Chemicals, Banks, Technology and Cement shares led the trade today with 38m, 25.3m, 20.5m and 18.5m shares respectively.
Today’s top five traders of shares were: Nimir Resins, 15.2m shares (+5.22pc); TRG Pak, 13.4m shares (+3.98pc); Lotte Chemical, 13.2m shares (-2.51pc); Unity Foods, 10.5m shares (+2.55pc); Aisha Steel, 9.7m shares (+3.11pc).
PSX: Bulls enter the bourse on week’s first trading day!
KARACHI: KSE-100 Index closed in the green (43,540) on the week’s first trading day with an augmentation of 176 points.
Rs. 5.3b worth of 116m shares changed hands today. Value of the shares of 182 companies augmented, 180 plummeted while 15 remained stagnant.
Top five traders of shares today were: Lotte Chemical, 20.1m shares (+3.40pc); Nimir Resins, 9.5m shares (+9.57pc); Fauji Foods Ltd., 6.0m shares traded [+3.48pc]; Faysal Bank: 4.4m shares (-0.82pc); TRG Pak Ltd., 4.4m shares (+2.11pc).