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The primary KSE-100 Index broke beyond the 52,000 mark on Tuesday, marking a good trend for the Pakistan Stock Exchange (PSX) after rising by more than 500 points. The index increased by 521.43 points, or around 1.01%, to 52,004.35 at 12:30 p.m. Brokerage business Arif Habib Limited pointed out thatContinue Reading
ISLAMABAD – Protests are taking place in major cities and towns across the country, including Karachi, Lahore, and Peshawar, over excessive electricity costs. People have taken to the streets in response to a huge increase in electricity rates across the country.In most of the country’s small and big cities, businessmenContinue Reading
(Web Desk) – On Friday, a gas explosion at Lasbela Chowk in Karachi wounded nine people and destroyed many stores. The event occurred on a sewer near where the stores were constructed. The explosion was confirmed by officials and eyewitnesses. Residents in an adjacent building were evacuated as a resultContinue Reading
KARACHI ( Reuters/Web Desk )- Shell Pakistan Limited (SPL) said on Wednesday that its parent firm, Shell Petroleum firm, which controls 77% of the local organisation, will leave the country, without specifying how much stake would be disposed of. The action comes after the firm experienced huge losses in 2022Continue Reading
A Pakistani doctor who has the ability to succeed as a model was named Miss Pakistan Universal 2023.Models are judged in beauty pageant events conducted all over the world on their outward looks, personalities, talents, and overall presentation. According to the format, models display their grace, talent, and attractiveness inContinue Reading
KARACHI : The entire debt of the central government increased by 34.1% at the end of April, according to the State Bank of Pakistan (SBP), reaching Rs58.6 trillion on an annual basis. The trend is predictable given the government’s increasing reliance on borrowing in the face of a weakening currencyContinue Reading
The likelihood that Pakistan will default on its debt has significantly decreased over the past 24 hours, with tensions appearing to have abated after Finance Minister Ishaq Dar’s repeated assertion that the true value of the dollar is Rs. 190. Arif Habib Limited (AHL) figures show that on November 22,Continue Reading
During the first nine months (July-March) of the current fiscal year (2021-22), the federal government transferred an extra Rs. 598 billion to provincial governments under the National Finance Commission (NFC) Award, compared to the same time the previous fiscal year.According to the Ministry of Finance, the Imran Khan-led government releasedContinue Reading
The Federal Tax Ombudsman (FTO) has urged the Federal Board of Revenue (FBR) to perform an annual examination of cigarette tobacco produced in Pakistan in comparison to claimed tobacco use by all cigarette manufacturing facilities.According to the FTO’s special report on the tobacco industry, the FBR should promptly apply RuleContinue Reading
KARACHI: The high demand for US dollars weighed on the rupee, which fell to an all-time low of Rs184.09 after losing another 61 paise in the interbank market on Friday. Since August 2021, the local currency has lost more than 16% versus the US dollar. The State Bank’s foreign exchangeContinue Reading
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