ISLAMABAD: Close watch on the economic situation, which will emerge as a result of the recent exchange reform is to be maintained by a group of seven economic experts drawn from several economic Ministries… . The group, which has been set up under the directions of the Minister of Finance … will report regularly on the trends emerging in the … economic situation and particularly in employment situation, export performance … cost of living index and monetary indications… . Meanwhile, banks, financial institutions and main markets reopened today [May 15] after three days … following devaluation of the rupee. …

With the abolition of bonus vouchers scheme the Lahore Stock Exchange wore a deserted look… . The Board of Directors of the Stock Ex­­c­h­­ange has sent two telegrams to the Central Mi­­nistry for Finance requesting him that trading in shares be permitted at the earliest. In the second telegram, the board has urged the Mi­­n­ister to take into account the existing stock exchange practice for settlement of forward bonus vouchers, based on the previous three days’ average prices while fixing repurchase price of ready bonus vouchers, failing which considerable loss would accrue… . — News agencies

Published in Dawn, May 16th, 2022

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