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PSX s history making week: All share volume surged past 2 billion shares, benchmark index crossed 47,000 mark
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PSX makes history; hits records high volume for the second day in a row
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KSE-100 up 511 points to clock at 56, 812 level
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Growers resent closure of tobacco purchase depots
National
May 8, 2021
MARDAN: The Anjuman-e-Kashtakaran Khyber Pakhtunkhwa on Friday said that tobacco companies had closed their purchase depots from Mardan, which had created a host of problems for the tobacco growers.
The office-bearers of the association were speaking at a meeting here. Niamat Shah Roghani, Qamar Zaman Khan Advocate, Farman Ali Khan, Ejaz Khan, Zahir Muhammad, Alam Sher Khan, Akhtar Ali Khan, Syed Abdal Bacha, Zulfiqar Ali, Sher Bahadur and others attended the meeting.
They said that Pakistan Tobacco Company and Philip Morris Tobacco Company had closed their purchase depots located at Sharifabad and Firdousabad and shifted to other areas.
May 5, 2021
ISLAMABAD: There are 31 families in Pakistan dominating Pakistan’s stock market, indicating the number of influential and wealthy families had gone up from 22 to 31 since the country’s independence. It was the crux of the highly important research paper by former Deputy Chairman Planning Commission and Vice-Chancellor PIDE Dr. Nadeem Ul Haq and Amin Hussain. The explosive research paper stated that Mahbubul Haq famously pointed to 22 families owning Pakistan. But, in 2018, when the data was collected, 31 families dominated the KSE. The paper stated: Pakistan’s stock market tends to make headlines, sometimes because of record highs that make it the ‘best performing market of the region’, and sometimes because of the crashes. However, the degree to which it contributes to capital formation in the country is not a topic of study, while the ensuing ownership and governance structure is hardly ever made a part of public discourse. One such study concluded that ar