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April 20: Karachi Stock Exchange achieved a major milestone when KSE-100 Index crossed the psychological level of 15,000 for the first time in its history and peaked 15,737.32 on 20 April 2008. Moreover, the increase of 7.4 per cent in 2008 made it the best performer among major emerging markets .
Karachi was an important military base during the First World War (1914–18) because it was the first British Raj port of call for ships coming through the Suez Canal and was the gateway to Afghanistan and the Russian Empire. Karachi was again a military base and port for supplies to the Russian front during the Second World War (1939–1945 ...
Prior to the formal launch, the Karachi Stock Exchange held a two-day pre-production mock trading session for all certificate holders of the three exchanges. The integration is expected to help reduce market fragmentation and create a strong case for attracting strategic partnerships necessary for providing technological expertise and assistance.
In 1729, immigrants from the silting-up port of Kharak relocated to found Karachi near the Hub River mouth. Initially, Karachi was a modest settlement, but its trade grew as other ports like Shahbandar and Keti Bandar also silted up. [3] [11] According to some legends, Karachi is named after a fisherwoman called Mai Kolachi. [12]
The 18 km (11.2 mi) busway is the first phase of the Karachi Metrobus network and has 22 stations (a station after every km). [3] [4] The Green Line was expected to be functional by November 2021 and to have a fleet of 80 buses operated by Daewoo. So far, 80 buses for the project have reached from China at the Karachi Port.
The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
The British East India Company captured Karachi on 3 February 1839 after HMS Wellesley opened fire and quickly destroyed Manora Fort, which guarded Karachi Harbour at Manora Point. [89] Karachi's population at the time was an estimated 8,000 to 14,000, [90] and was confined to the walled city in Mithadar, with suburbs in what is now the Serai ...
The Karachi Port Trust (KPT) (Urdu: ادارہِ تولیتِ بندرگاہ کراچی) is a Pakistani federal government agency, under the administrative control of the Federal Maritime Secretary that oversees the operations of the Port of Karachi, one of South Asia's largest and busiest deep-water seaports which handles over 90% of the nation's foreign trade.