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Today's Paper | May 16, 2024

Govt slashes petrol price by Rs15.39 per litre in major relief

Govt slashes petrol price by Rs15.39 per litre in major relief

New petrol price stands at Rs273.1 per litre while diesel is now Rs274.08 after Rs7.88 cut.

Published 15 May, 2024 11:39pm

Related

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
FEM	3.4500	0.4500	15.00 ▲	9,000
ARUJ	9.1000	1.0000	12.35 ▲	43,000
UVIC	8.9700	0.9800	12.27 ▲	318,500
PIM	11.7600	0.9900	9.19 ▲	500
MSCL	13.0400	0.9600	7.95 ▲	108,000

Company	Price	Change	Change %	Volume
PILDEF	2.0900	-0.1700	-7.52 ▼	100,000
HCL	567.8900	-46.0500	-7.50 ▼	513
CASH	17.2900	-1.4000	-7.49 ▼	2,000
FRCL	19.2600	-1.5400	-7.40 ▼	1,500
FPJM	1.5600	-0.1200	-7.14 ▼	7,000

Updated May 15, 2024

KP CM threatens Pesco takeover if new loadshedding schedule not announced tonight

KP CM threatens Pesco takeover if new loadshedding schedule not announced tonight

Says he will go to Pesco chief's office tomorrow, draw up new loadshedding schedule himself if demands not met.

Published 15 May, 2024 10:59pm

Shares at PSX hit fresh record on rate cut hopes, IMF talks

Shares at PSX hit fresh record on rate cut hopes, IMF talks

The MSCI index adds National Bank of Pakistan to the MSCI frontier market index.

Published 15 May, 2024 02:12pm

Political instability heightens economic challenges: SBP

Political instability heightens economic challenges: SBP

Forecasts GDP growth at 2-3pc and inflation 23-25pc in FY24.

Updated 15 May, 2024 10:33am

Oil companies demand payment of Rs90bn dues

Oil companies demand payment of Rs90bn dues

OMAP calls for the finance minister to intervene to ensure the smooth availability of foreign exchange for oil imports.

Published 15 May, 2024 07:24am

Aurangzeb pledges to broaden tax base

Aurangzeb pledges to broaden tax base

Shares the progress on digitalisation and the plans to restructure the Federal Board of Revenue (FBR).

Published 15 May, 2024 07:24am

AGP blames FBR’s slackness for heap of stay petitions

AGP blames FBR’s slackness for heap of stay petitions

This comes after Prime Minister Shehbaz Sharif’s directive to expedite the hearing of cases related to a staggering Rs2 trillion stuck in courts.

Published 15 May, 2024 07:24am

Stocks settle above 74,000 for first time

Stocks settle above 74,000 for first time

Brokerage firm says market momentum remained buoyant as investors welcomed the beginning of talks with the IMF for a longer and larger Extended Fund Facility.

Published 15 May, 2024 07:24am

Govt unveils broader privatisation plan for state-owned enterprises

Govt unveils broader privatisation plan for state-owned enterprises

Announcement comes after PM headed a meeting on privatisation process of loss-making state enterprises, according to statement.

Updated 14 May, 2024 04:28pm

Talks begin with IMF on new bailout

Talks begin with IMF on new bailout

Aurangzeb briefs visiting team on improvements in major indicators.

Published 14 May, 2024 06:31am

Editorial: The tussle between Aurangzeb and Dar on privatisation was inevitable

Editorial: The tussle between Aurangzeb and Dar on privatisation was inevitable

Editorial: Consistent PSDP contraction is a sign of Pakistan’s lingering financial and economic crisis

Editorial: Consistent PSDP contraction is a sign of Pakistan’s lingering financial and economic crisis

Focusing on short-term respite remains top priority instead of long-term, sustainable solutions

Focusing on short-term respite remains top priority instead of long-term, sustainable solutions

Highlights

Solar net metering policy discontent

Solar net metering policy discontent

Squeezing the juice industry

Squeezing the juice industry

Pakistan’s rice-water dilemma

Pakistan’s rice-water dilemma

Financing a genocide in Gaza

Financing a genocide in Gaza

Paradox of investments and rates

Paradox of investments and rates

Looming pension crisis cries out for corrective measures

Looming pension crisis cries out for corrective measures

Aurora

Are inflation and brand boycotts changing your shopping habits? Take our survey now!

Pakistan’s agricultural R&I system is in desperate need of a revamp

Pakistan’s agricultural R&I system is in desperate need of a revamp

What makes Kachelo a success story?

What makes Kachelo a success story?

Business & Finance

Solar net metering policy discontent

Solar net metering policy discontent

Current electricity pricing regime subsidises wealthy, solar power generating households while shifting cost burden on the grid-dependent citizens.

Published 13 May, 2024 08:55am

Pakistan’s rice-water dilemma

Pakistan’s rice-water dilemma

Govt must look into short to medium term water management as surging rice farming and depleting ground water may lead to serious environment consequences.

Published 13 May, 2024 08:51am

The crushing burden of unplanned families

The crushing burden of unplanned families

About 26.3pc of married Pakistani women want to prevent pregnancy but lack access to family planning methods.

Updated 13 May, 2024 10:44am

Let optimism and grit prevail

Focusing on IMF-enabled short-term respite remains top-priority instead of long-term, sustainable solutions.

Published 13 May, 2024 08:42am

Newspaper

Political instability heightens economic challenges: SBP

Oil companies demand payment of Rs90bn dues

Sindh plans to set up more industrial zones

Stocks settle above 74,000 for first time

Cnergyico shuts refinery

AGP blames FBR’s slackness for heap of stay petitions

All state-owned enterprises to be privatised: PM

Aurangzeb pledges to broaden tax base

Positive triggers toss stocks to new highs

Influential sugar industry plans five-fold increase in bagasse price

FPCCI seeks opening of Chaman border

Petrol, diesel may see a fall of up to Rs15

Citi sees new $8bn loan deal by July

Talks begin with IMF on new bailout

Auto sales rebound in April

Solar net metering policy discontent

Pakistan’s rice-water dilemma

The crushing burden of unplanned families

Let optimism and grit prevail

Fruit procurement in danger

KSE 100-share index fluctuations

Rupee report: Weekly rupee-dollar parity

COMPANY NEWS

CORPORATE WINDOW; Cartels, competition and cash