Economy
Gas prices revised downward in Pakistan
Islamabad, July 15, 2020: Pakistan’s Oil and Gas Regulatory Authority (OGRA) has determined prescribed prices for FY21 at PKR 623.31/mmbtu and PKR 750.90/mmbtu for Sui Northern Gas Pipelines Limited (SNGP) and Sui Southern Gas Company Limited (SSGC), respectively. This translates to a reduction of 6 percent and 2 percent against last year, while SNGP and…
Bull runs for 13th consecutive session at PSX
Pakistan Stock Exchange (PSX) benchmark KSE100 Index continued its bull run for the 13th consecutive session to close at 36,745 level, up 0.35 percent. Persistent drop on active Coronavirus cases and higher home remittances inflows in FY20 kept the sentiment upbeat. Investor interest was mainly observed in E&Ps sector where PPL closed 1.1 percent higher with…
KSE100 index up 3.2 pc WoW
KARACHI, July 12, 2020: The KSE100 index of Pakistan Stock Exchange (PSX) continued previous week’s gains, closing this week 3.2 percent WoW up at 36,190 levels. Decline in active COVID-19 cases and materialization of inflows from International Financial Institutions in the country kept investor sentiments upbeat, which also reflected in improving participation. According to JS,…
Pakistan’s agri sector facing enormous challenges
Islamabad, July 06, 2020: Pakistan’s agriculture sector, linked to the country’s social, economic and political system, is facing enormous problems and challenges and need concrete measures to develop this sector. Speakers at workshop urged the government to realize the enormity of the challenges facing agriculture and make efforts to overcome them to ensure food security…
PSX market gains 151 points
Karachi, July 06, 2020: Pakistan Stock Exchange (PSX) closed higher on first trading day of the week. On Monday KSE-100 index of went up 187 points during the session and made a comfortable close above 35200 level. E&P, OMC, Cement and Pharma sectors performed well. Although profit booking was also observed in Pharma sector. Fertilizer…