A bloodbath session was witnessed on Pakistan Stock Exchange Monday as crude oil prices surged to a seven-year high in the international markets amid intensifying tensions between Ukraine and Russia Pakistan. The market opened on negative note and remained in red zone for most part of the day where selling pressure was seen in almost all sectors. The benchmark KSE-100 Index plunged by 435.28 points or 0.94 percent and closed at 45,644.09 points. During the session, the KSE-100 index hit 46,128.11 points intra-day high and 45,508.14 points intra-day low levels.…
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Govt spends Rs 2b to implement electricity, gas schemes
The Federal government is spending more than two billion of rupees to execute electricity and Sui gas supply schemes in the district Hafizabad and no any village will be left without electricity and Sui gas facilities before completion of five year constitutional tenure of present government of PTI led by Prime Minister Imran Khan. These views were expressed by the Member National Assembly Chaudhry Shoukat Ali Bhatti while addressing inaugural ceremony of electricity scheme at village Bagh Kohnah near Pindi Bhattian. Local leader of PTI Chaudhry Sakandar Nawaz Bhatti and…
Read MoreImran for bringing masses into formal economy through digitization launch
Prime Minister Imran Khan has said that the country’s population can be turned into a real asset by bringing them into the formal economy through digitization, says TLTP.The prime minister said this while addressing the launching ceremony of Pakistan’s first instant person to person payment system ‘Raast’ on Tuesday.The prime minister said that Raast will facilitate the common man to do their transactions through cell phones, besides it will also help improve the saving rates. He said, “Technology is the way through which we can enhance our saving rates as…
Read MoreGovt increases petrol price by Rs12.03 a litre
The federal government has once again dropped “petrol bomb” on masses by increasing the prices of petroleum products by up to Rs12.03 per litre.With the latest hike, the prices of petroleum products have reached a historic high. New prices will be applicable from Tuesday midnight.The new fuel prices will remain applicable till February 28, read an official notification.According to the notification, petrol price has been increased by Rs12.03 per litre and high speed diesel price by Rs9.53 per litre. Similarly, the price of light speed diesel has risen by Rs9.43…
Read MorePakistan plans to set up body for effective debt management
SLAMABAD: The government is working to establish Debt Management Office (DMO) in the Ministry of Finance for effective planning and execution of related functions, WealthPK reported.According to a brief of the Ministry of Finance on a bill titled Fiscal Responsibility and Debt Limitation (Amendment) Act, 2021, a copy of which is available with INP-WealthPK, in order to strengthen the Debt Policy Coordination Office (DPCO) and transform it into DMO with mandate and resources for effective planning and execution of debt management functions, amendment to the Fiscal Responsibility and Debt Limitation…
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