Industrialists have condemned the recent hike in diesel and petrol prices and urged the prime minister to take action and reduce the rates. On the one hand, the PM announced the Uraan Pakistan programme while on the other hand, institutions were raising prices of petroleum products, which reflected a stark contrast in policies, the industrialists said. According to a notification issued by t
Bulls celebrated new year at the Pakistan Stock Exchange (PSX) with a new 1,800 point rally on Wednesday, crossing the barrier of 117,000. The KSE-100 index climbed 1544.18, or 1.34 per cent, to stand at 116,681.01 points from the previous close of 115,126.90 at 11:53am. Finally, the index closed at record-high 117,008.08, up by 1881.18 or 1.63pc. from the last close. Awais Ashraf, direct
Pakistan’s annual consumer price index inflation rate was 4.1 per cent in December 2024, data from the Pakistan Bureau of Statistics (PBS) showed on Wednesday. According to PBS, CPI inflation decreased to 4.1pc “on year-on-year basis in December 2024 as compared to 4.9pc in the previous month and 29.7pc in December 2023”. On a month-on-month (MoM) basis, it highlighted that it increased by 0
Oil sales fell by 19 per cent month-on-month and rose 3pc year-on-year to 1.28 million tonnes in December. Sales were up 4pc to eight million tonnes during 1HFY25 compared to 7.68m tonnes in the same period last year. Arif Habib Ltd (AHL) said petroleum products sales rose 2pc to 15.62m tonnes during CY24. Petrol sales fell 15pc month-on-month and 1pc year-on-year to 0.57m tonnes in Decem
MOL Pakistan, an operator and 10 per cent shareholder in Tal Block, Kohat, has finalised the sale of gas from the newly developed Razgir field, which is 65pc owned by the state-owned entities (SOEs), to the first privately owned gas firm — Universal Gas Distribution Company Ltd (UGDCL). This enables the Islamabad-based UGDCL to acquire about 50 million cubic feet per day (mmcfd) gas for its pri