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Petrol, diesel prices likely to drop on Aug 1

Relief likely to be Rs2.90 for petrol, Rs8.50 for high-speed diesel.

Updated 27 Jul, 2024 09:44am

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
GSPMDEF	4.7000	0.6600	16.34 ▲	227,675
ICCI	7.4100	1.0000	15.60 ▲	536,968
PHDLXD	8.8700	1.0000	12.71 ▲	772
PKGIDEF	8.3000	0.9000	12.16 ▲	1,002
GUSMDEF	9.3000	1.0000	12.05 ▲	73,052

Company	Price	Change	Change %	Volume
KSTMDEF	3.6000	-0.5700	-13.67 ▼	79,677
TSMF	7.1400	-0.9800	-12.07 ▼	22,349
UCAPM	2.0200	-0.2300	-10.22 ▼	135,300
ARUJ	33.2900	-3.7000	-10.00 ▼	79,470
CHAS	60.7500	-6.7500	-10.00 ▼	16,197

Source: PSX | Updated Jul 26, 2024

ADB approves $400m for housing, community development in Sindh flood rehabilitation

Project will support conditional cash grants for reconstructing 250,000 houses with multi-hazard resilient, environment-responsive designs.

Updated 26 Jul, 2024 08:38pm

Discos seek additional fuel cost adjustment of Rs2.63

Proposed increase in FCA is on top of an average 20pc increase in annual base tariff effective July 1.

Updated 26 Jul, 2024 09:48am

Aurangzeb in Beijing to seek debt relief

The finance minister briefs Chinese minister of finance on Pakistan’s “efforts to introduce tax and energy reforms in the system”.

Published 26 Jul, 2024 09:22am

Shehbaz dispensation seen worse economic manager

Gallup surveys 454 businesses in over 30 districts; 66pc of manufacturers report worse sales this year.

Published 26 Jul, 2024 08:08am

Upgrading of Karachi port’s capacity ordered

Infrastructure and lack of digitalisation key challenges.

Published 26 Jul, 2024 09:22am

Trade gap with Middle East narrows

Pakistan’s exports to the Middle East rose 35.23pc to $3.155bn between July-June FY24 compared to $2.33bn.

Updated 26 Jul, 2024 09:47am

Imports of completely knocked down kits flourish in FY24

Some market experts believe that thriving CKD imports by the local assemblers were also due to the low localisation of parts in locally assembled vehicles.

Updated 26 Jul, 2024 09:55am

SBP reserves plunge $397m

The need to raise $24bn for external debt servicing in FY25 has created problems for economic managers.

Published 26 Jul, 2024 09:20am

Stocks tumble 928 points on political tensions

Analyst says investor concerns about a settlement of $15 billion due to Chinese IPPs, a surging power tariff and political noise over banning opposition led to a bearish close.

Published 26 Jul, 2024 09:05am

Highlights

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