For the third time in two months, the government on Thursday did not pass on the full impact of lower international oil prices to consumers and kept the price of petrol unchanged and reduced that of high-speed diesel by Rs2 per litre for the current fortnight ending May 31. The government increased the Inland Freight Equalisation Margin (IFEM) on both petrol and diesel to clear about Rs34 bil
After two consecutive sessions of a strong bull run, the Pakistan Stock Exchange (PSX) experienced a mixed trading day on Wednesday, marked by heightened volatility and profit-taking. The benchmark KSE-100 index recorded a sharp swing, rising as high as 885 points and dipping by 427 points during the session, before closing almost flat at 118,537 points, down 39 points or 0.03pc. The market
THE battle is over. Now brace for the fallout. This changes everything. Rarely have we seen fortunes reverse as rapidly as they just did. The military’s standing has skyrocketed, and a long line will now form outside the general’s door of people and groups and parties waiting their turn to shower him with honorifics. Banners are going up in cities, ads in newspapers, by business and industry gr
Telenor Group has voiced concerns about the ongoing delays in selling its local operations to Pakistan Telecommunication Company Ltd (PTCL), stating that these delays have resulted in a continuous decline in Telenor Pakistan’s customer base. In the first quarter report of the current calendar year, released in Norway, Telenor International stated that obtaining the necessary regulatory approval
Sales of cars, sports utility vehicles, pickups and vans clocked in at 10,596 units in April, reflecting a one per cent year-on-year (YoY) rise but a fall of 5pc month-on-month (MoM). The decline was mainly due to the highway closure in Sindh, which delayed deliveries, while YoY rise was supported by a more stable macroeconomic environment, lower interest rates, easing inflation, and improving