Formation of Judicial Commission likely on Panama verdict - an investment banker says

News Image

MG News | April 20, 2017 at 10:40 AM GMT+05:00

A foreign fund institution expects a commission to be formed, a decision likely to be announced in the country’s biggest apex court decision.
According to a finding of foreign fund institution closely watching the development of Panama case, where several names of politicians appeared in April 2016 where more thousands of papers were released.
The finding revealed that a Commission would be formed to further investigate the properties held by Nawaz Sharif’s sons in London.
The decision likely to be announced  would herald that a process on how to handle similar cases in the future would be set.
“We don’t believe there will be a verdict on Artile 62 & 63 (Nawaz Sharif accused of lying in front of parliament based on statements from April 5th to May 16th 2016)”, the banker said.
There seems to be too little evidence supporting either side at this stage.
“If our base case is correct we expect a positive market reaction on Friday”, the investment banker said.

Related News

Name Price/Vol %Chg/NChg
KSE100 170,597.22
93.08M
1.64%
2752.97
ALLSHR 102,723.22
184.64M
1.51%
1532.75
KSE30 51,179.42
47.83M
1.73%
871.42
KMI30 245,020.21
36.08M
1.65%
3979.05
KMIALLSHR 66,752.52
99.04M
1.50%
983.61
BKTi 46,804.72
17.69M
1.96%
899.55
OGTi 36,162.85
4.00M
1.70%
604.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,390.00 77,495.00
76,105.00
1615.00
2.13%
BRENT CRUDE 97.85 100.73
97.10
-5.69
-5.50%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 90.94 93.90
90.32
-5.66
-5.86%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News
May 25, 2026 at 10:01 AM GMT+05:00

Avanceon approves Rs7.5bn capital increase


May 25, 2026 at 09:41 AM GMT+05:00

PSX Opening Bell: Green Lights Flash Early


May 25, 2026 at 09:33 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg