The Punjab government has issued new Standard Operating Procedures (SOPs) to ensure uninterrupted supply of petroleum products in the province and prevent hoarding. According to a notification, strict measures will be taken to prevent hoarding and illegal transfer of petrol and diesel, while action will also be taken against violators. The government has appointed the […]
POL
OGRA suggests decrease in oil prices
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has asked for a reduction up to Rs8 to 10 per litre in prices of petroleum products for the next 15 days on Wednesday. According to details, the Oil and Gas Regulatory Authority (OGRA) has drafted a summary of the prices of petroleum products. Sources said that […]
Spain put five past Slovakia to book Croatia showdown
Spain finally have lift-off at Euro 2020 after a 5-0 hammering of Slovakia on Wednesday sent them through as runners-up in Group E, with Croatia their opponents in the last 16. Luis Enrique described his team as a bottle of cava about to be popped and they certainly exploded in Seville, where a scoring frenzy […]
Bloodbath on trade floor, as PSX sheds 816 points
The Pakistan Stock Exchange (PSX) on Monday kicked off on a positive note, hitting the day’s high of +511 point on early excitement of Pakistan reaching a deal with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion. However this positivity couldn’t last long, as the market came […]
POL products consumption
Sir: It is good to know that PM Imran Khan while presiding over periodic meeting of the federal cabinet in Islamabad has put down his feet firmly and directed summary sent by OGRA for substantially increasing POL products prices from May 01, 2019 to the ECC for revising it downward to maximum extent. It is […]
Cabinet stays decision on POL price hike
The federal cabinet on Tuesday delayed the decision on a proposed summary for increasing the prices of petroleum products. Addressing a press conference along with Minister of Water Resources Faisal Vawda, Special Assistant to Prime Minister on Information and Broadcasting Firdous Ashiq Awan said the prime minister had directed to send the recommendation from the […]
An institutional approach to reviving the economy
Early in the 20th century, the agricultural economy was booming in the Indian sub-continent. The British created the Indian Civil Service to collect the land revenue. For this purpose, magisterial powers were vested in the civil service. Today, the agricultural economy and land revenue have receded into insignificance and supply of goods and services are […]
Stocks in Pakistan recover as trade figures improve
The benchmark KSE-100 Index on Thursday gained 208 points or 0.6 percent, to close at 36,788 levels. The local bourse made a high and a low of +331 & -80 points, respectively. Market came under duress due to selling pressure by the local institutions. The KSE-100 remained positive through most of the session as trade […]
Energy, financial scrips push PSX Index up
Pakistan equities closed Tuesday positive with benchmark KSE-100 Index gaining 208 points, closing at 37,130 levels, up 0.6 percent. The local bourse made a high and a low of +349 and -329 points, respectively. An equity analyst at IIS Securities said the positive sentiment was mainly driven by improved trade numbers for the month of […]
Bearish sentiment continues as PSX index sheds 599 points
Pakistan Stock Exchange (PSX) Index shed 600 points Monday to close at 36,922 levels, down 1.6 percent. Pressure was seen in the market over political noise as the Foreign Minister Shah Mahmood Qureshi stated about Delhi planning more military action against Pakistan in the third week of April. An equity analyst at IIS Securities said […]