IGI Securities Limited – Investor Kit

Karachi, October 19, 2017 (PPI-OT): Top News

An accountability court of Islamabad may indicted Sharif family on Thursday in the London properties reference even though former Prime Minister Nawaz Sharif and lead defence counsel Khawaja Haris Ahmed are both out of the country. https://www.dawn.com/news/1364719/court-may-indict-sharif-family-today

In yet another indication of its policy-shift towards Pakistan, the United States on Tuesday announced full backing of the China-Pakistan Economic Corridor (CPEC), weeks after shocking criticism of the corridor by Defense Secretary James Mattis. https://www.thenews.com.pk/print/238105-US-announces-support-for-CPEC

Foreign Direct Investment (FDI) maintained an upward momentum and posted 56 percent growth in the first quarter (July-Sept) of this fiscal year (FY18). https://fp.brecorder.com/2017/10/20171019227357/

Pakistan may again seek help from the International Monetary Fund (IMF) as its finances may get insufficient to meet its external trade and debt repayment needs, but not before the upcoming general elections, a senior business leader said on Wednesday. https://www.thenews.com.pk/print/237950-Going-to-IMF-is-the-first-thing-upcoming-govt-w ill-do

The Punjab government and a Turkish company signed an agreement for the second phase of iron ore reserves of Chiniot under which the drilling w ill next month and completed in eight months. https://www.thenews.com.pk/print/238060-Turkish-company-to-start-drilling-for-Chiniot-iron-ore

   

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