Sindh govt notifies formation of relief body

KARACHI: After a gap of two days, the Sindh government on Tuesday notified the formation of ‘Karachi Affected Markets Relief Committee’ to assess the losses of the traders whose shops and warehouses were gutted in violence on Ashura day. 
 
Finance Minister Shaukat Tarin had announced the setting up of the committee during a meeting at the State Bank of Pakistan (SBP) on Saturday.

Selling pressure mounts at KSE in NRO aftermath

KARACHI: Selling pressure eroded values of leading scrips on Friday at the Karachi Stock Exchange (KSE) as the 100-Index slipped further by 43.45 points to close at 9,183.73.

Nadeem Chawla, a dealer at a leading brokerage house, said that the market was bullish in the morning for a short while but plunged on lack of support.