Karachi, May 10, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Friday, as the KSE-100 index rocketed to a new record close of 73,085 points, marking a substantial gain of 429 points from the previous day’s finish of 72,658.
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Pakistan Reports Notable Decrease in Weekly Inflation by 1.39%
Pakistan observed a welcome decline in weekly inflation, with a decrease of 1.39 percent for the week ending May 9, 2024, compared to the prior week.
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PM Shehbaz Directs Formulating Export-Friendly Trade Policy
Islamabad, May 10, 2024 – Prime Minister Shehbaz Sharif has instructed government officials to craft a new trade policy that prioritizes export enhancement and is friendly to business interests.
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Today Latest Petroleum Prices in Pakistan as of May 10, 2024
Karachi, May 10, 2024 – Pakistan has announced the latest petroleum prices as of Friday, May 10, 2024, providing clarity for consumers refueling their vehicles.
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OGDCL Well in Kohat Starts Production
Karachi, May 10, 2024 – Pakistan’s energy landscape received a significant boost as the Oil and Gas Development Company Limited (OGDCL) announced the commencement of gas production at the Togh-02 well situated in Kohat, Khyber Pakhtunkhwa.
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Remittances Surge by 27.9% to $2.8 billion in April 2024
Karachi, May 10, 2024 – Pakistan has witnessed a significant surge in workers’ remittances, with inflows climbing by 27.9% to $2.8 billion in April 2024 compared to the same month last year, according to the latest data released by the State Bank of Pakistan (SBP).
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Pakistan Reports $1.143 Billion Surge in Weekly Forex Reserves
Karachi, May 9, 2024 – Pakistan has seen a robust increase in foreign exchange reserves this week, with an infusion of $1.143 billion, boosting the total reserves to $14.459 billion as of May 3, 2024, according to data released by the State Bank of Pakistan (SBP).
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Pakistan Borrows Record Rs 6 Trillion from Commercial Banks
KARACHI, May 9, 2024 – Pakistan has set a new record in domestic borrowing, securing approximately Rs 6 trillion from commercial banks during the first ten months of fiscal year 2023-24, primarily to finance its burgeoning budget deficit.
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PM Shehbaz Sharif Declares Education Emergency in Pakistan
Islamabad, May 8, 2024 – Aimed at addressing the educational crisis, Prime Minister Shehbaz Sharif announced an “Education Emergency” across Pakistan.
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FBR Crackdown on Non-Filers Threatens 2.5 Million SIMs
Karachi, May 8, 2024 – The Federal Board of Revenue (FBR) has issued a directive that could lead to the suspension of approximately 2.5 million mobile phone SIMs.
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