Business News
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Gold price in Pakistan gains Rs1,000 per tola | The Express Tribune
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[ad_1] KARACHI: The price of gold per ounce rose by $10 In the international bullion market, reaching $2,355, up from the previous $2344. Yesterday, the price of gold per ounce rose by $21, bringing the new global price to $2,345 per ounce. The local bullion markets saw a rise in the price of 24-carat gold,…
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New electricity tariffs announced: How much will your bill increase? | The Express Tribune
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[ad_1] The Power Division has announced the implementation of new electricity tariffs starting from July 2024. According to the division’s statement, most consumers will see a slight increase in their monthly bills due to the updated tariffs. To mitigate the impact on consumers, the government will provide a subsidy of Rs440 billion. The statement detailed…
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PSX reaches new high with 331-point gain | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) gained 331 points to reach an impressive 80,564.95 during intra-day trading at 11:50am on Thursday, up from the previous 80,233 points. The surge reflects a continued bullish trend, marking a 0.41% increase from the previous session. The rise has bolstered investor confidence and demonstrated robust market activity. The record-breaking…
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Electric shock for millions as tariffs soar | The Express Tribune
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[ad_1] ISLAMABAD: In yet another shock to the tax-bitten masses, the government on Wednesday approved up to 51% or Rs7.12 increase in the per-unit price of electricity from July, the highest raise in terms of percentage for the lower income groups. In one go, 32.5 million consumers, mainly households, will be forced to pay an…
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New IMF deal on cards as Pakistan ‘fulfils all requirements’
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP KARACHI: The Pakistan Muslim League-Nawaz (PML-N)-led coalition government hopes to secure an International Monetary Fund (IMF) bailout of more than $6 billion “in the next three to four weeks,” after fulfilling the…
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PSX hits historic milestone, closes above 80,000 points for first time | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) achieved a historic milestone on Wednesday as the KSE-100 index closed at 80,233.67 points, marking the first time it has ended a session above the 80,000 mark. This significant surge follows a continued bullish trend, with the index gaining 680 points from the previous session. During intra-day trading, the…
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Privatisation, rate cut expectations propel KSE-100 beyond 80,000 Points
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[ad_1] A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Stocks on Wednesday soared past the 80,000 mark, buoyed by the heightened investor interest in state-owned enterprises (SOEs) and hopes of a rate cut. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 gained 739.71 points or 0.93%…
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What are the demands of petroleum dealers? | The Express Tribune
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[ad_1] The Pakistan Petroleum Dealers Association (PPDA) has demanded the immediate withdrawal of the advance income tax within four days, threatening a nationwide strike if their demands are not met. “We have clearly stated that we will take strict action,” said PPDA Chairman Abdul Sami Khan. The association represents 14,000 dealers who are poised to…
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Petroleum demand hits 18-year low | The Express Tribune
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[ad_1] KARACHI: Despite the demand for petroleum oil products hitting an 18-year low at 15.3 million tonnes in the fiscal year 2023-24, which ended on June 30, the government is estimated to have collected an outstanding Rs1 trillion in petroleum development levy (PDL) from the sale of oil products over the year. The collection of…
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Bullish trend continues as PSX surges by nearly 900 points | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) continued its bullish streak on Tuesday, with the KSE-100 index gaining an impressive 892 points. This surge propelled the index to stand at an all-time 79,717.31 points high during intra-day as of 2:18 PM, marking a substantial 1.12% increase from the previous 78,825 points. Earlier on Friday, the PSX…
