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Pakistan & Gulf Economist
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Leading Weekly Financial Magazine Since 40 Years
Leading Weekly Financial Magazine Since 40 Years

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NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

INVESTORS IN SUSPENDED TRADING TRAP:
Investors at the stock exchange lament that they are being robbed of their hard earned savings owing to an abrupt ‘suspension’ of trading of a number of companies by regulators. 

NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

CHICKEN PRICES SHOOT UP:
Consumers continue to suffer at the hands of poultry sellers, who have pushed up chicken meat prices to Rs420 a kilogram in view of the ongoing marriage season amid a surge in demand, especially on Sunday, due to outdoor dining activities.

NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

BANK DEPOSITS DIP:
Deposits and other accounts of all scheduled banks stood at Rs10,794.04bn after a 0.03pc decrease over the preceding week’s figure of Rs10,797.73bn, according to the weekly statement of position of all scheduled banks for the week ended March10, compared with last year’s corresponding figure of Rs9,446.92bn. The current week’s amount was higher by 14.26pc.

NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

SINDH’S COTTON ACREAGE LIKELY TO INCREASE:
Having failed to achieve cotton sowing targets for the past few years, Sindh’s agriculture department estimates that 650,000ha may be brought under cotton cultivation this year. The last season’s cultivation target was 660,000ha.

NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

BRAZIL TAINTED-MEAT PROBE TRIGGERS BANS FROM CHINA TO CHILE:
Some of the world’s biggest protein buyers are slapping limits on supplies from Brazil as producers in the country become embroiled in a tainted-meat scandal.

NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

UNCERTAIN PROCUREMENT POLICY HAUNTS WHEAT GROWERS:
AS Punjab prepares for wheat harvesting next week, a sense of optimism has gripped farmers and policymakers alike. Both feel that achieving the target of 19.50m tonnes should not be a problem, despite a setback in the rain-fed areas and a slight fall in acreage.

NEWS HEADLINES OF 27-03-2017
PAKISTAN NEWS:

PUNJAB RECEIVING LION’S SHARE OF NEW GAS SCHEMES:
The government has approved 97 natural gas expansion schemes worth more than Rs37 billion on the recommendations of members of parliament, most of whom belong to the ruling party’s political base Punjab.

NEWS HEADLINES OF 27-03-2017
INTERNATIONAL NEWS:

SYRIA REBELS ‘TAKE CONTROL’ OF IS-HELD AIRBASE NEAR RAQQA:
US-backed Syrian rebels say they have taken full control of a key airbase held by the Islamic State group (IS) near its stronghold, Raqqa. Its capture is seen as a significant step in the fight to drive the jihadists out of the city, which has become their self-declared capital.

NEWS HEADLINES OF 27-03-2017
INTERNATIONAL NEWS:

EIGHT SCHOOL CHILDREN FEARED DEAD IN JAPANESE AVALANCHE:
Eight Japanese high school students are feared dead, after they were caught in an avalanche at a ski resort. The avalanche occurred early on Monday near Nasu in Tochigi prefecture, 120km (75 miles) north of Tokyo.

NEWS HEADLINES OF 27-03-2017
INTERNATIONAL NEWS:

CYCLONE DEBBIE: MORE THAN 3,500 EVACUATE IN QUEENSLAND, AUSTRALIA:
More than 3,500 Australian residents have been evacuated as a cyclone carrying winds up to 240km/h (150 mph) moves towards the Queensland coast. Cyclone Debbie is expected to intensify into a Category 4 system before it arrives early on Tuesday local time.
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