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Pakistan should enjoy trade benefits at all Iranian Free Trade Zones: envoy

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SIALKOT: The Ambassador of Iran in Pakistan Mehdi Honardoost has said that Several Iranian companies are showing keen interest in establishing joint ventures with Pakistani businessmen.

Addressing a meeting of exporters at the Chamber of Commerce and Industry (SCCI) here, he said that more efforts are being made to promote direct bilateral trade between Pakistan and Iran.

The ambassador further assured the business community that Iranian trade markets along the border areas of Pakistan would soon be activated.

“All hurdles and trade barriers would be removed and focus would be on promoting bilateral trade ties between Pakistan and Iran,” he asserted.

The envoy added that Pak-Iran Gas Pipeline project would lead to an economic revolution in the region.

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(TEXT AND VIDEO) 2-day Pakistan Property Show commences in Dubai on 20th October

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EXCLUSIVE REPORT BY SANIA JAMALI IN DUBAI

DUBAI: World Trade Center’s Za’abeel Hall 5 here is the venue where 2-day Pakistan Property Show commenced today.

The event (that has been organized by Zameen.com, in association with EarthLink, Abad and others,) is meant to make Pakistan’s real estate visible globally attracting premium investment.

Overseas Pakistanis from UAE, Saudi Arabia, Oman, Kuwait, Qatar and Bahrain are taking keen interest in the expo.

Talking to Newspakistan.tv the organizers held that Pakistan Property Show 2017 would help strengthen the national exchequer by attracting medium to long-term direct investment.

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PSX: Subdued political noise allows bourse close green on week’s last session!

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SANA MAHMOOD

KARACHI: Bourse blossomed on week’s last trading day when subdued political noise, among other reasons, let Benchmark KSE-100 Index close at 42,088 with an augmentation of 520 points.

Rs. 13b worth of 261m shares changed hands today. Value of the shares of 246 companies augmented, 101 plummeted while 17 remained stagnant.

Engineering, Chemical and Textile Sectors led the trading today with 29m, 25m and 23.5m shares respectively.

Today’s trade of shares was led by: Engro Polymer, 20.7m shares (+2.81pc); Azgard Nine, 17.6m shares (+7.79pc); TRG Pak Ltd., 15.9m shares (+4.81pc); Aisha Steel Mills 2.93m shares (+14.6pc); Dost Steels Ltd., 1.50m shares (+14.1pc).

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PSX: Bourse hails the return of bulls as market blossoms with investors’ +ve sentiments!

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SANA MAHMOOD

KARACHI: Attractive prices, higher import duties & indictment of Sharifs by NAB court shooed the bears out of the bourse on week’s second last trading session here.  

Investors happily bought stocks letting KSE-100 Index close at 41,228 with an augmentation of 825 points.

Rs. 11.5b worth of 232m shares changed hands today. Value of the shares of 272 companies augmented, 71 plummeted while 13 remained stagnant.   

Cement, Fertilizer and Oil Exploration/Production Sectors led the trading today.  Number of shares traded in Power Sector was 31.72m and in Engineering Sector it was 31.68m.

Today’s top five traders of shares were: K-Electric Ltd., 29.7m shares (-0.16pc); Engro Polymer, 19.0m shares (+4.81pc); Dost Steels Ltd., 14.2m shares (+8.11pc); TRG Pak Ltd., 11.3m shares (+4.99pc);Engro Fertilizers, 10.8m shares (+4.62pc).

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