AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.34 Increased By ▲ 0.30 (0.24%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.49 Decreased By ▼ -0.02 (-0.44%)
DCL 8.58 Increased By ▲ 0.03 (0.35%)
DFML 41.72 Increased By ▲ 0.28 (0.68%)
DGKC 87.50 Increased By ▲ 0.65 (0.75%)
FCCL 32.40 Increased By ▲ 0.12 (0.37%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.24 Decreased By ▼ -0.01 (-0.1%)
HUBC 109.45 Decreased By ▼ -0.12 (-0.11%)
HUMNL 14.80 Increased By ▲ 0.12 (0.82%)
KEL 5.08 Increased By ▲ 0.03 (0.59%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.40 Increased By ▲ 0.02 (0.05%)
NBP 59.50 Decreased By ▼ -0.91 (-1.51%)
OGDC 192.39 Increased By ▲ 2.29 (1.2%)
PAEL 28.17 Increased By ▲ 0.34 (1.22%)
PIBTL 7.79 Decreased By ▼ -0.04 (-0.51%)
PPL 151.35 Increased By ▲ 1.29 (0.86%)
PRL 26.30 Decreased By ▼ -0.58 (-2.16%)
PTC 16.15 Increased By ▲ 0.08 (0.5%)
SEARL 83.30 Decreased By ▼ -2.70 (-3.14%)
TELE 7.77 Increased By ▲ 0.06 (0.78%)
TOMCL 35.48 Increased By ▲ 0.07 (0.2%)
TPLP 8.10 Decreased By ▼ -0.02 (-0.25%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.15 Decreased By ▼ -0.14 (-0.26%)
UNITY 26.25 Increased By ▲ 0.09 (0.34%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,985 Increased By 101.4 (1.03%)
BR30 31,147 Increased By 547.3 (1.79%)
KSE100 94,178 Increased By 822.4 (0.88%)
KSE30 29,173 Increased By 242.5 (0.84%)

German airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars.
International airlines have for years struggled to repatriate billions of dollars in revenue held in the local bolivar currency due to exchange controls, prompting many to limit service and require that passengers pay fares in dollars.
"We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016. Lufthansa does not plan to shut its office in Caracas.

Copyright Reuters, 2016

Comments

Comments are closed.