Tag: surge
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Pakistan Stock Exchange may surpass 60,000 level soon
The benchmark index of the Pakistan Stock Exchange (PSX) marked a record-breaking bullish run on Monday, closing just shy of the 60,000 mark without surpassing it.
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Alarming surge in violence against women in Punjab with Lahore at top
A staggering surge has been witnessed in violence against women, with over 10,000 cases reported in the first four months of 2023 alone in Punjab. Startling data from the Sustainable Social Development Organisation (SSDO), a research-based advocacy firm, reveals that 5,551 women were kidnapped during this period, translating to an alarming average of two women…
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Pakistan Stock Exchange rises above 44,000 points after 14 months
On Thursday, the Pakistan Stock Exchange (PSX) benchmark index surpassed the 44,000 milestone after 14 months, experiencing a substantial surge of over 600 points after a two-day decline. The PSX website reported the KSE-100 index closing at 44,178.85 points, reflecting a commendable rise of 1.44 per cent or 626.02 points.
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Rawalpindi: Transporters continue to overcharge ahead of Eid-ul-Fitr
The transporters have doubled fares ahead of Eid-ul-Fitr, as they do every year, causing trouble to travellers who are heading to their hometowns to spend Eid with their loved ones and family. A massive influx of passengers was observed at all bus terminals as well as the Rawalpindi Railway Station. On May 1, both bus and…
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Open market: Lemon being sold at Rs1,100 per kg in Lahore
The local price of lemon increased by Rs105 per kg, to Rs770 to 775 per kg, and was sold at an unbelievable price of Rs1,100 per kg in open markets and a few online stores with available stock. Due to the district administration’s inability to impose official rates at Ramazan bazaars, consumers are unable to…
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PM Shehbaz rejects OGRA’s proposal, petrol price to remain unchanged till April 30
Pakistan’s new Prime Minister (PM) Shehbaz Sharif on Friday dismissed the proposal from the Oil and Gas Regulatory Authority (OGRA) to raise the price of petroleum products for the fortnight. The recent decision is aimed at providing relief to the public affected by inflation. It is worth noting that the present government’s choice to maintain the…
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Pakistan’s cotton fabric trade climbed by 28.23 per cent
In the first eight months of the fiscal year 2021-22, Pakistan’s textile and garment exports grew to $1.65 billion. The Pakistan Bureau of Statistics (PBS) estimates that the textile and apparel sector brought in $12.607 billion this time, compared to $ 9.999 billion in exports from July to February 2020-21. Knitwear exports surged by 33.86…
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Pakistani rupee records impressive gains against US Dollar, highest single-day gain
In the intra-day trade on Friday, the Pakistani rupee (PKR) gained an impressive Rs3.5 against the US dollar, the highest single-day gain in two years after the Supreme Court (SC) pronounced the National Assembly (NA) deputy speaker order unconstitutional and restored the NA. The US dollar is currently trading at Rs185, as per foreign currency dealers,…
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Petrol, Diesel prices to remain unchanged till April 15
The government has decided to maintain the existing prices for petroleum products for the fortnight. Petroleum prices will remain unchanged from April 1 to April 15, as per a statement released by the finance division. Petrol is currently priced at Rs149.86 per liter, while diesel, kerosene oil, and light diesel are priced at Rs144.15, Rs125.56,…