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Tag Archives: Azadi march

PTI, PAT marches: Punjab govt launches crackdown on crane owners

MULTAN: The Punjab government has started a crackdown on the cranes’ owners who had provided cranes to the Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Awami Tehreek (PAT) on rent during their respective marches. As per details, the Punjab Police has started the crackdown on owners of cranes used for removing containers during marches after receiving the orders from the provincial ... Read More »

PTI, PAT sit-ins causing Rs 150b per day loss to economy

ISLAMABAD: The ongoing long marches and sit-ins have been causing financial losses to the tune of Rs 150 billion, on daily basis, to national economy besides rendering a large number of daily-wagers jobless. According to Trade Development Authority Pakistan (TDAP) Chief Executive SM Munir, Azadi march of Tehreek-e-Insaf and Inqilab march of Pakistan Awami Tehreek (PAT) were adversely affecting the ... Read More »

Sialkot Dry Port Chairman urges dialogue, condemns road blockade

LAHORE: Sialkot Dry Port Chairman Muhammad Ishaq Butt has demanded all the political parties resolve the political issues through dialogue in the larger interest of the country. He said that political unrest in the federal capital had affected the exports from Sialkot Dry Port as all roads from Sialkot to Islamabad were blocked. “Exports have decreased by 30 percent during ... Read More »

Azadi, Inqilab marches still hamper trade activities in twin cities

ISLAMABAD: The effects of sit-ins and marches have started diminishing in the twin cities of Islamabad and Rawalpindi, but trade activities could not be fully recovered as the participants of the Azadi and Inqilab marches are still in the Red Zone. According to eye-witnesses, CNG, petrol pumps and markets in twin cities have now been opened after a weeklong closure ... Read More »

Imran, Qadri sit-ins: Traders demand compensation for losses

ISLAMABAD: Traders and industrialists in the twin cities of Islamabad and Rawalpindi have decided to write a letter to the government to seek compensation for their losses due the Azadi and Inqilab marches. Islamabad Chamber of Commerce and Industry (ICCI) President Shaban Khalid, while talking to Customs Today, said that business community is in favour of electoral reforms and eradication of ... Read More »

Need to work out win-win solution

 The political chaos created by the sit-ins by Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek leader Dr Tahirul Qadri has begun to dent the national economy. The Pakistani rupees is continuing shedding its value against dollar while trade and business activities are also slowing down in the twin cities and elsewhere in the country. It is reported that ... Read More »

Imran, Qadri followers surround FBR building: Chairman, members use rear gate

ISLAMABAD: The Federal Board of Revenue Chairman and members used rear door to enter the FBR building and left after 2-3 hour office working due to uncertain law and order in Red Zone. The police and sit-in participants have surrounded the FBR building along with other government buildings and institutions after the marches have been shifted to Red Zone. On ... Read More »

Lashari urges govt, PTI to end deadlock

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Sohail Lashari said that government and protesters should end deadlock and negotiate on mutual terms in the larger interest of economy which is suffering mainly from prevailing political disturbance. In an exclusive talk with Customs Today on current situation, he advised the government not to use power against demonstrators as he ... Read More »

KSE gains 34 points amid signs of respite in Red Zone

KARACHI: Karachi Stock Exchange (KSE) 100-index has gained 34.72 to reach 28664.84 points mark as the Prime Minister vows to ease the tension between government and protesting parties, deciding to woo PTI Chief. The KSE, the other day, witnessed bearish trend, losing 222 points to reach the level of 28,630 points due to the announcement of march on Red Zone ... Read More »

Economy suffers as Qadri takes sit-in into Red Zone

ISLAMABAD: Imran Khan’s call for civil disobedience has sparked anger amongst the business community as economy has already suffered billions of rupees losses in a few days of political standoff. The Karachi Stock Exchange lost 222 points on Tuesday as panic and fear gripped the shareholders. On another note, Tahirul Qadri’s call to his die-hard supporters to march towards Red ... Read More »

Imran’s civil disobedience call: KSE drops 65 points

KARACHI: Karachi Stock Exchange 100-index went sliding down by 65.60 points (-0.23 per cent)  to stand at 28852.15 points after the call of civil disobedience from Pakistan Tehreek-e-Insaf Chairman Imran Khan. After its closure on weekend KSE 100-index has lost 211 points in first forty minutes trading touching bottom line of 28681.31 points, however, it gains 250 points in next two hours ... Read More »

Azadi, Inqilab marches: South Punjab faces severe paucity of veg, fruit

MULTAN: Local Markets of entire South Punjab including Multan are facing severe shortages of vegetables and fruits due to the prevailing political impasse caused by the Azadi and Inqilab marches of the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek (PAT). The transporters from Upper Punjab and Sindh are not supplying vegetables and fruits to markets of South Punjab including Multan due ... Read More »

KSE 100-index continues upward rally, adds 201 points

KARACHI: Karachi Stock Exchange (KSE) 100-index continued its upward momentum and closed at 28505.55 points with an increase of 201.05 points or 0.71 per cent. After the total pull back by massive 2,243 points in six earlier days because of current political disturbance the index intra-day value showed improvement after the PM’s speech. The KSE 100-index intra-day value rose by ... Read More »

KSE gains 233 points, ends higher at 28304.50 mark

KARACHI: Karachi Stock Exchange (KSE) gained 233 points at the end of trading on second business day on Tuesday. Stocks tumbled over 450 points at start of the trading due to the prevailing political crisis as opposition parties have called for Azadi and Inqilab marches against the government on August 14 but shares started recovering with passage of time and ... Read More »

Traders want peaceful resolution of political problems

ISLAMABAD: The trading community has suspended all trade and transportation activities across the country ahead of the proposed Azadi march of Pakistan Tehreek Insaf (PTI) and Pakistan Awami Tehreek (PAT). Sharing their views with Customs Today, trade associations including Federation Chambers of Pakistan, All Pakistan Trading Association, Islamabad Chamber of Commerce and Traders Welfare Association expressed great regret over current ... Read More »

KSE sheds 1300 points as political unrest rages on

KARACHI: The benchmark KSE 100 index shed 1300 points due to the fears and uncertainty caused by the prevailing political unrest in the country which has shaken investors’ confidence. On Monday the Karachi Stock Exchange (KSE) opened with negative sentiment and fell over five per cent in the first two hours of the day’s trading, with the KSE-100 down 1,310 ... Read More »

Sialkot Dry Port chairman calls for amicable solution to political crisis

SIALKOT: Sialkot Dry Port Trust (SDPT) has suspended all the transport services across the country following the prevailing political unrest in the country. Sialkot Dry Port Trust (SDPT) Chairman Muhammad Ishaq Butt told Customs Today that the SDPT has suspended its transport services in a bid to avoid the damages and losses to the containers carrying the export and import ... Read More »

Traders shrug off Imran, Qadri marches amid tax evasion charges

LAHORE: The traders and business community have expressed concern over prevailing political instability and accused Pakistan Tehreek-e- Insaf Chairman Imran Khan and Pakistan Awami Tehreek Chief Dr Tahirul Qadri of evading tax amounting to millions of rupees. They said that deteriorating political and economic situation have been completely ignored by Imran Khan and Tahirul Qadri merely for their political gains. ... Read More »

Azadi march ‘mania’ hampering foreign investment: Dastgir

ISLAMABAD: Federal Minister of Commerce Engineer Khurram Dastgir has warned the politicians that unconstitutional acts like long march may hampered foreign direct investment in country which will cost billions of loss to national exchequer. In a statement issued, he said that if trade representatives and investors who had invested in 16,000 MW power projects withdrew their investment ahead of political ... Read More »