terror attacks in the US have hit the aviation and insurance
industries the worst. The ripples of it is felt the worldover with
airlines announcing cuts in operations as well as jobs. For Pakistan,
which has since turned into a frontline state, the two industries have
been hit particular due primarily to the looming war in its very
neighbourhood. PAGE looks at the fallout amidst the prevalent
incredibly attractive dividend yield alone is the reason sufficient to
induce the investors to take long positions. Any one who is concerned
about the current situation, must keep in mind that conditions would
have been worst had the GoP not decided to join the alliance.
off-loads of the individual dollar holdings and unusual increase of
home remittances especially from the United States and slowed down in
imports were the major factors behind drastic decline in dollar value
last week. Foreign exchange dealers describing the situation as
volatile are doing business on day to day basis and avoiding
speculative trade due to uncertain conditions.