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Once it was re-elected into power in Sindh, the PPP government allocated a whopping Rs132.2 billion in this year s budget, convincing its residents that perhaps, the government s priorities were finally in the right direction. The trickle-down effect of this massive budgetary allocation has, however, been unsatisfactory, to say the least. According to a news report published in these pages, nearly 42 per cent of the 3,600 public schools in Karachi are without electricity. The education department owes the Karachi Electric Supply Company nearly Rs50.6 million, claimed the utility s officials. The government insisted, n air max donna evertheless, that the utility sent exorbitant bills in the past that previous department officials paid without checking. He adidas samba damen nce, it is the utility which has to pay back around Rs40 million.In a country where the standards of adidas yeezy public schools are shamefully low, the fact that the government has not been able to provide even basic facilities, such as electricity, only makes th KARACHI:The Pakistan stock market witnessed a phenomenal week as the index managed to post gains in all five sessions - a feat seen after 26 weeks. The KSE-100 index powered past the 34,000-mark, jumping 741 points o nike air max 1 r 2.2% to settle at 34,008 points.Investors were euphoric over the easing lockdown as businesses were allowed to once again resume activities. Anticipation of a hefty cut in interest rates also helped fuel bullish sentiments and improved activity in highly levered stocks. However, commercial banks felt the heat on account of expectation of further rate cut, which may stress profitability of the banking sector.On the development front, Prime Minister Imran Khan directed the government to expedite construction work on the Diamer-Bhasha dam, which drove investors interest in cement and steel sectors.Meanwhile, the MSCI review of Pakis nb 9060 tan, announced this week, had also weighed on market sentiments with some expecting Pakistan to retain its place wh new balance 550 ile others expected the count
Once it was re-elected into power in Sindh, the PPP government allocated a whopping Rs132.2 billion in this year s budget, convincing its residents that perhaps, the government s priorities were finally in the right direction. The trickle-down effect of this massive budgetary allocation has, however, been unsatisfactory, to say the least. According to a news report published in these pages, nearly 42 per cent of the 3,600 public schools in Karachi are without electricity. The education department owes the Karachi Electric Supply Company nearly Rs50.6 million, claimed the utility s officials. The government insisted, n air max donna evertheless, that the utility sent exorbitant bills in the past that previous department officials paid without checking. He adidas samba damen nce, it is the utility which has to pay back around Rs40 million.In a country where the standards of adidas yeezy public schools are shamefully low, the fact that the government has not been able to provide even basic facilities, such as electricity, only makes th KARACHI:The Pakistan stock market witnessed a phenomenal week as the index managed to post gains in all five sessions - a feat seen after 26 weeks. The KSE-100 index powered past the 34,000-mark, jumping 741 points o nike air max 1 r 2.2% to settle at 34,008 points.Investors were euphoric over the easing lockdown as businesses were allowed to once again resume activities. Anticipation of a hefty cut in interest rates also helped fuel bullish sentiments and improved activity in highly levered stocks. However, commercial banks felt the heat on account of expectation of further rate cut, which may stress profitability of the banking sector.On the development front, Prime Minister Imran Khan directed the government to expedite construction work on the Diamer-Bhasha dam, which drove investors interest in cement and steel sectors.Meanwhile, the MSCI review of Pakis nb 9060 tan, announced this week, had also weighed on market sentiments with some expecting Pakistan to retain its place wh new balance 550 ile others expected the count