Staff Report

Headlines

Following an article published in Pakistan Today on March 23, 2018, titled, “CAA deposits Rs5bn in Ali Jehangir Siddiqui’s JS Bank, violating Finance Division’s Rules”, JS Bank has issued a rebuttal denying all claims and facts presented.

Headlines

Association of Builders and Developers of Pakistan (ABAD) International Expo on housing will kick off on Friday at Pakistan China Centre Islamabad.

Economy

The KSE 100 index had a huge fall, chopping off 640.19 points to fall to intraday low of 44,556.18. it settled with a loss of 1.01 per cent or 449.74 points at 44,746.63.

Headlines

The Securities and Exchange Commission of Pakistan (SECP) has been elected to the International Organization of Securities Commissions (IOSCO) Board for the fourth time for the 2018-2020 term.

Economy

Ambassador of Iran to Pakistan Mehdi Honardoost has said that Iran and Pakistan should concentrate on trade and economic activities to further improve bilateral relations. Iranian Free Trade Zones have great potential for Pakistani businessmen and they should avail this opportunity through joint ventures.

Headlines

The benchmark index lost 292 points during Wednesday’s session, closing at 45,197 index level. This led to a sharp decline of 47 per cent in traded volumes during the trading session. Similarly, trading value also fell by 40 per cent.

Economy

Central Development Working Party (CDWP) under the chairmanship of Planning Commission Deputy Chairman Sartaj Aziz on Wednesday approved 31 projects worth Rs713 billion and referred 8 projects worth Rs694.88 billion were referred to ECNEC for further action.