State Plans to Carry Out an Improvement of Rs 248 Million

The state plans to carry out an improvement of Rs 248 million against I.I. According to the annual development plan, Chundrigar Road, a major commercial artery in the metropolis, told officials. City Commissioner Iftikhar Shallwani told us that the local government department will make significant improvements to the I.I. Board the Chadrigar Road of Shaheen Complex according to the instructions of Prime Minister Syed Murad Ali Shah.

Meeting with Deputy Assistant Secretary

He added that he had a high-level meeting with Deputy Assistant Secretary of State for a definite renewal of the road. He said, Chundrigar Beautification Plan 'and PC-1 was sent for CM approval and is expected to be available soon after Eid's holiday. Banks and other stakeholders with offices in major arteries in the city said they were committed to supporting road projects by reviewing improvements and ensuring that vehicles were not parked illegally in front of their buildings, Shallwani said.

He said he will manage parking on the Pakistani railway ground. Specific buildings according to I.I. Chundrigar Road said maintenance was not required, such as Uni Tower, Uni Center and Uni Plaza, and that it needed to be tidy and exposed. The meeting will be held at the Commissioner's office with representatives of shop owners and owners' associations to ensure that everyone is engaged in an effort to reorganize the major arteries of this metropolitan area," he added.

The State Department said several financial institutions, including the Pakistan National Bank and the Pakistan Banking Association, as well as several business and trade groups on the road, support the government initiative.

Rains hit Karachi in the last week

Urban life unfamiliar with heavy heavy rains hit Karachi in the last week of July and became paralyzed. The authorities shut down schools and universities. Traders remained indoors as the retail and wholesale markets restrained their shutters. But the officials of the Pakistan Stock Exchange (PSX) were exactly the same as the usual times when they declared the start of a trade. Do not mind that thin participation is reflected in the amount and value of traded stocks.

The market closed at regular time. But this was not true until the late 1980s. At that time, the Karachi Stock Exchange was a sleepy place with a small number of publicly traded companies and market capitalization of Rs billions, until the first government of Benazir Bhutto opened its doors to foreign investors. Rain is a trivial thing in the capital market, where high - interest games are poor people as billionaires and vice versa. All day, every day

A veteran who has been in the stock market for decades has been looking for wealth that will not forget him until today. By 1986 merchants screamed at the top of their voice Lao and Laos. "I am buying." "I am selling." Each of them will suddenly remain silent and the transaction will cease. The reason is that it will not be as noticeable as the death of a retired old man, a stockbroker who has been in bed a few years ago.

Perhaps no one would have ever heard of Sir Tennyson's immortal words until then. "People can come and people can go, but it will continue forever. At that time, the stock exchange had the most holiday in one year. Brokers and merchants stayed in bunkers in the wars of 1965 and 1971. Several brokers working as regulators, managers, stakeholders and traders were able to make market decisions at a single meeting.

But everything turned into the entry of foreign investors and foreign funds around 1992 when local markets had to be integrated with local markets. Given the daily trading except for regular holidays, stockbrokers are most likely to lose their foreign customers if they sit at home while enjoying rainy weather. Transactions on PSX may occasionally be suspended due to "technical defects.

But it is involuntary and ends in a few hours. Market experts argue that even the largest markets, such as Wall Street, sometimes face similar problems. If PSX regulators and stock brokers think they can still free the market through leaps and bounds in recent decades, they have to pay expensive.

It happened during the 2008 panic crisis

It happened during the 2008 panic crisis that swept over more than a trillion rupees and any participants including securities brokers could not avoid the damage. Regulatory agencies posted 9,144 points on August 28, 2008, to prevent further declines after the stock price plummeted by almost 55% in just four months. The disaster was turned into disaster. The floor remained unchanged for 108 days. All investors, including foreigners seeking exit, are trapped.

These blockages were unprecedented in the history of securities trading. During World War II, the London Stock Exchange closed for a week, and the NYSE traded for six years. The Pakistani market is still suffering the consequences. Foreign investors have long avoided the local stock exchange and MSCI has moved it from emerging markets to border markets.

The market recovered its emerging position in May 2017. No action has been taken since the detailed report on the stock market crash in 2008 prepared by Shamim Ahmed Khan, the former chairman of the Securities and Exchange Commission (SECP), was released. The report quietly stood on the shelf.

But the market regulator has taught me that in any case the end of the market has no choice," said a retired broker. There was a debate about whether to close the market in March 2019 when India was in a crisis of war. Regulatory authorities did not say a word.

Most market analysts thought the deal would go down. Rain is a trivial thing in the capital market where the financial market is the billionaire with the poor, and vice versa.
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