Sri Lanka's national carrier expressed interest in leasing out its four new wide body A-330 aircraft to PIA
These planes would primarily be used for PIA's premier service which is being launched from 14th August 2016
PIA is in negotiations with SriLankan Airlines for the wet lease of four A-330 aircraft .Pakistan's national carrier had advertised for leasing wide body aircraft last month and Sri Lanka's national carrier expressed interest in leasing out its four new wide body A-330 aircraft to PIA .A high-level team of PIA led by CEO, Bernd Hildenbrand recently visited Colombo to inspect these aircraft and to negotiate a contract.
"Reserves up says State Bank Pakistan"
The country’s foreign exchange reserves stood at $23,091 million for the week ending July 15, 2016 compared with $23,063m the previous week, the State Bank of Pakistan (SBP) announced yesterday .The SBP held $18,077m while commercial banks held $5,014m.
"Pakistan top emerging economy among South Asian"
Atlantic Media Company (AMC) of the United States has ranked Pakistan as comparatively stronger economy in South Asian Markets and expected it will grow rapidly during days ahead.According to Atlantic s report the Pakistan government’s investment in infrastructure and other developmental projects has caused country’s GDP to grow.
It is acknowledged internationally that Pakistan is surfacing as Market leader.Current economic conditions of Pakistan are attracting foreign investors the AMC noted.It said last month American stock index firm MSCI (Morgan Stanley Capital International) also inducted Pakistan in 10 most emerging economies in the world.
"Gold drops three-week low as investors look to equities"
Gold hit a three-week low on Thursday, after falling more than 1 percent in the previous session, as investors looked to buy into rising equity markets rather than purchasing safe-haven assets.Asian stocks climbed to nine-month highs on Thursday, helped by a pickup in capital inflows and a recovery in global oil prices, while the dollar stood strong on U.S. equity market gains.Spot gold fell 0.1 percent at $1,314.20 an ounce by 0406 GMT. It touched a low of $1,310.56 earlier in the session, its lowest since June 28. Bullion fell 1.2 percent on Wednesday.U.S. gold was down 0.4 percent at $1,314.20 an ounce.
Gold Rate in Pakistan
Pakistan Open Market Forex Rates