EconomyStaff Report
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Economy
EconomyFirst Shaheen Air flight to carry 325 pilgrims from July 14
The airline is slated to fly more than 40,000 pilgrims as part of its Hajj operation this year
HeadlinesMarket Daily: KSE 100 rebounds after 4 sessions, gains 267.86
The KSE 100 touched intraday high of 41,526.57 after it gathered 548.34 points then it finally settled at 41,246.09 up 267.86 points from previous day close.
HeadlinesPIA’s revenue up by 7 per cent in first quarter 2018, claims CEO
Pakistan International Airlines Company Limited's (PIACL) revenue increased by 7 per cent to Rs23.5 billion in the first quarter of 2018
EconomyMarket Daily: KSE 100 drops below 41,000 mark
--PSX has been taken by a storm taking cumulative losses to -6.2 per cent in 4 sessions. Concerns on economy, politics, FATF deliberations, Moody's downgrade, heavy foreign selling in the outgoing week and technical breakdown have left investors cautious.
EconomyAmnesty Schemes heading towards failure: KCCI
Muffasar Malik urged the Chief Justice of Pakistan Saqib Nisar, Caretaker Prime Minister Justice (retd) Nasir ul Mulk and Finance Minister Dr Shamshad Akhter to take strict notice of Federal Board of Revenue’s (FBR) unlawful actions being applied in the Amnesty Schemes
HeadlinesLCCI President inaugurates online system for membership
Lahore Chamber of Commerce and Industry President Malik Tahir Javaid Saturday inaugurated modern system for issuance of online membership to the business community.
EconomyAmnesty Scheme 2018: New legislation worldwide to result in confiscation of foreign funds, warns FBR chief
ederal Board of Revenue (FBR) Chairman Tariq Mehmood Pasha, while highlighting the problems likely to be faced if anyone chooses not to declare foreign assets under Amnesty Scheme
EconomyIndices bleed as external pressure mounts
Negative news regarding mounting Current Account Deficit and downgrade in credit outlook by Moody’s kept market under pressure during the week as index lost 5 per cent, closing at 41,637.
HeadlinesLUMS Business School Alumni Association elects Board of Directors
According to the formal results announced on Friday, Majid Munir from MBA batch of 1996 and an investment advisor by profession has been elected as the President, Anwar Kabir President
HeadlinesECAP decides to stabilise dollar at Rs124.50
Economy