Imran says ‘no question’ of any deal with govt as political drama continues

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Islamabad, May 25 | After several hours of political drama and chaos across Pakistan in the wake of PTI’s much-anticipated ‘Azadi March’, the federal government and PTI have both refuted claims of striking an agreement, the media reported.

Following the directions of the Supreme Court of Pakistan, the two sides engaged in dialogue, however, no breakthrough was reported between the two. According to Geo News, the talks between the government and PTI continued for two-and-half hours, Geo News reported.

Pakistan Federal Minister for Information and Broadcasting Marriyum Aurangzeb confirmed that no agreement has been reached between the federal government and PTI. She said news of negotiations and an agreement between the government and PTI is “baseless”.

Political tensions are at an all-time high in Pakistan with all eyes on Islamabad as the city braced itself for the arrival of PTI workers and leaders heading towards the federal capital for the party’s Azadi March despite the government’s instructions not to.

So far, the day has been filled with political drama. Lahore turned into a battleground as multiple scuffles took place between the police and PTI marchers as the latter tried to wriggle out of the barricades placed on their way, Geo News reported.

Law enforcement was on high alert and the government has given instructions to take “all possible measures” to stop the PTI’s ‘Azadi March’.

PTI Chairman Imran Khan is leading the march, which he has said will be the “biggest” in Pakistan’s political history, while Interior Minister Rana Sanaullah will address the public shortly over the ongoing situation.

In order to restrain Lahore’s rally from entering Islamabad, the police tried to arrest former energy minister and senior PTI leader Hammad Azhar; however, party workers managed to save him.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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