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Tag Archives: PAT

83 MBP escalators, elevators on 24 bus stations by Jan 31

ISLAMABAD: The Metro Bus Project Implementation Committee is hopeful to get the Rawalpindi-Islamabad metro-bus project (MBP) will be completed by the end of January 2015. The major work on Benazir Bhutto Shaheed Road and Ninth Avenue has been completed. “Protest demonstrations by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek caused a delay in the project but they are on track now”, ... Read More »

Imran doesn’t pay property tax of Zaman Park residence

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan has not paid the property tax on his Zaman Park residence. Commencing his civil disobedience movement against the Nawaz-led government around two months ago, Imran had refused to pay his electricity bills and other taxes. To record his protest against inflated electricity bills, the PTI supremo had burnt his electricity bills at the Islamabad sit-in ... Read More »

Tahirul Qadri calls it quits, traders cheer up after 2 months

ISLAMABAD: Pakistan Awami Tehreek (PAT) chief Tahirul Qadri has shelved his party’s more than two month old sit-in in the federal capital. Traders and businessmen especially in Islamabad have shown contentment on Tahirul Qadri’s decision as business activities in the twin cities would come to touch peak again. Pakistan Awami Tehreek (PAT) chief, Dr. Tahirul Qadri has announced to temporarily ... Read More »

SM Muneer blames PTI, PAT sit-ins for heavy economic loss

FCCI has lost its worth due to incompetent leadership   FAISALABAD: Trade Development Authority of Pakistan (TDAP) Chief Executive SM Muneer has said that the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) sit-ins in Islamabad inflicted heavy losses on the country’s economy and the TDAP had to postpone Expo Pakistan scheduled for October 22. Addressing a gathering of business ... Read More »

Finance Ministry blames sit-ins for rupee depreciation, debt increase

KARACHI: The ongoing political impasse has resulted in depreciation of rupee and the ongoing sit-ins of the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek have forced foreign dignitaries to postpone their visits to Pakistan, according to the Finance Ministry. It is feared that prices of essentials will go up due to destruction of standing crops and increase in imports. This has ... Read More »

Midday: Bears set foot in as KSE slides by 167 points

KARACHI: It seems bearish trend has set foot in the Karachi Stock Exchange as stock plummet 167 points, bringing the benchmark KSE-100 index below psychological barrier of 30,000 to reach 29928 points, in the midday trading on Thursday. Earlier, the market opened on a negative note and kept on losing points, not withstanding the bearish trend and added to the ... Read More »

Midday: KSE consolidates rally, gains 183 points

KARACHI: Stocks consolidated its early rally and benchmark KSE-100 index kept on upwards march to gain 183 points or 0.16 percent to reach 30326 points, defying all speculations and fears amid various challenges the country is grapping with, in the midday trading on Wednesday. Earlier, the market opened at the overnight closing of 30143 and remained on positive note as ... Read More »

PTI, PAT sit-ins – cutting edge idea

As many as 18 districts out of 36 districts in Punjab have been declared calamity-hit after various crops spreading over thousands of hectors land have been destroyed in the recent rains. According to official sources, agriculture produce is expected to be lowered by 33 percent of its target this year, roads and highway infrastructure has been destroyed while adequate availability ... Read More »

Export consignments and PTI, PAT sit-ins

The federal government has started sending containers back to ports as the politically-charged atmosphere has begun to subside. The Islamabad administration had installed the containers on the city roads to block marchers of the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek from reaching Islamabad and containing them to certain areas. A ruthless official machinery had been used to impound the containers, ... Read More »

Midday: KSE loses 297 points as political heat rises further

KARACHI: The three-week-long tumultuous political situation and use of brute force to quell the protesters by police for second consecutive day took its toll on the stocks as Karachi Stock Exchange KSE 100-index lost 297.03 points or 1.04 percent to fall to 28,270.71 in midday trading on Monday. The market opened on a depressing note over political turmoil and straight ... 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 »

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 »

Effects of protest rallies on business  

LAHORE (AFTAB AFZAL RANJHA): Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri are flexing their muscles to inflict heavy damages on the government by entering the Red Zone area in Islamabad. The Red Zone is a highly sensitive area where important government buildings and diplomatic enclave are situated. Any misadventure in the area ... Read More »

Implications of political chaos

LAHORE (AFTAB AFZAL RANJHA): If a strong industrial-base ensures welfare of the people, a strong political system guarantees a conducive environment for the industrial growth. However, in Pakistan, if we go one step ahead towards economic well-being, we take two steps back towards political disaster and this vicious circle has been going on in the country since independence. The current ... 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 »

Tahirul Qadri ready for showdown in Red Zone

ISLAMABAD: The tension rises in Islamabad as the Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has announced to move sit-in towards Parliament right inside the Red Zone. He, however, took a pledge from the protestors to remain completely peaceful and non-violent during the march towards Red Zone. Moreover, Dr Qadri repeated his demand for the arrest of the Sharif ... Read More »

Imran Khan, Qardi sit-ins keep foreign business delegations away

ISLAMABAD: Various high-level foreign delegations, investors and businessmen have cancelled their visits to Pakistan as political unrest gripped the capital city due to Azadi and Inqilab marches of Imran Khan and Tahirul Qadri. Both the leaders have announced to march into the Red Zone where security has been handed over to Pakistan Army. The International Monetary Fund (IMF) cancelled its ... Read More »

No activity at Islamabad Dry Port in two days

ISLAMABAD: All sorts of export/import activities remained suspended at Islamabad Dry Port after the local administration cordoned off the capital with containers in a bid to avert entry of the PTI and PAT marchers, cutting the economy to the bone. The Islamabad Dry Port authorities claimed that the port had been suffering millions of rupees losses on a daily basis ... Read More »

KSE 100-index gains 412.20 points despite political chaos

KARACHI: Karachi Stock Exchange (KSE) 100-index after one day closure on Independence Day has gained 412.20 points to end the business week at 28917.25 points with an increase of 1.45 per cent. KSE 100- index intra-day value witnessed improvement even after the political instability as share holders showed maturity. The KSE 100-index intra-day value rose slightly 23.36 to hit highest ... Read More »

Traders ask Imran, Qadri to postpone marches

LAHORE: Business community, reacting over the effect of current political upheaval, has urged the stakeholders to resolve the issues in largest interest of country. Lahore Chamber of Commerce and Industry (LCCI) Vice President Kashif Anwar said that government has been seeking foreign investment but paying no heed to local industry which is at stake due to current law and order ... Read More »