KARACHI
The business communities in Pakistan hailed the decision of Supreme Court of Pakistan in ongoing Panama case against ruling Prime Minister Nawaz Sharif and his family member case and termed it a decision for the prosperity of the country.
“Everything, including the economy in the country, was stagnant for last one and half year as there was only chants of Panama, Panama in the country, but now the growth of the country will march towards development,” said FPCCI president, Zubair Tufail, on phone.
He said both the parties had already agreed that the decision of the Supreme Court would be acceptable in any case, so Nawaz Sharif and his family members should accept it by heart for the sake of the country.
He further claimed that the new cabinet of the PML-N would work for the country’s development in future and support the business communities.
Likewise, KCCI President Shamim Ahmed Firpo said that the decision of the SC would bring the nation out of the uncertainty and insecurity. The country was in the grip of ambiguity for last four years, but now PML-N will appoint its new Prime Minister and the cabinet team.
Replying to another question, he further said all the corrupt politicians and government officers should be accountable before the justice for development in every part of the country.
A leading broker of the Stock market said, “Investors have shown their full confidence on the SC decision as the market went up by above 6.27 points after the SC’s decision closing around 45,912 points level, while it was around 1600 points down before it.”
The people now think that Pakistan Stock Market (PSX) will improve on Monday morning and its march will continue upward, he added.
He said that some decisions of the Nawaz Sharif government and Finance Minister Ishaq Dar were against the equity market in the last budget and they have levied several taxes on its earnings and dividend.
The attitude of the Nawaz Sharif and his family was not investors’ friendly; therefore most of the brokers are happy of SC’s decision today.
He expressed his hope that the PML-N government would nominate a prime minister for its remaining term that can also help the business communities and development in the country.
“In light of the above and our most likely scenario of a legal battle, we anticipate KSE-100 index to move in the band of 43,000 to 46,000 till Dec 2017,” said a Topline report.
The interbank dollar rate has gone up by 13 paisas to Rs 105.43 on Friday, July 28, 2017.
What were the achievements of our rulers by the way to show the people except looting of billions and using tricky games for selling the steel mills and the pia.