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  • Day: May 14, 2024

PSX Breaks All Records to Close Above 74,500 As Momentum Persists

May 14, 2024

Pakistan Stock Exchange (PSX) closed at a new all-time high in today’s session after crossing 74,500, summiting the previous high of 73,799 recorded on Monday.

Similar to yesterday’s trends, positive vibes from the International Monetary Fund kept u…

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OGRA Orders OMCs to Pick Up More Diesel From Local Refineries

May 14, 2024

The Oil and Gas Regulatory Authority (OGRA) has instructed oil marketing companies (OMCs) to pick up more high-speed diesel (HSD) from local refineries to ensure a smooth fuel supply in the upcoming peak harvest season.

HSD uplift had failed to budg…

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Emirates Group Reports Best-Ever Financial Performance for 2023-24

May 14, 2024

The Emirates Group has announced its best-ever financial performance for the fiscal year 2023-24, reporting a record profit of AED 18.7 billion ($5.1 billion), up 71 percent from the previous year.

The Group’s revenue rose by 15 percent to AED 137.3…

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Govt Working on New Urea Pricing System to Help Farmers

May 14, 2024

The government is working on a viable gas pricing plan for the fertilizer sector after discovering that producers have not passed on the benefits of subsidized gas to farmers.

The Economic Coordination Committee (ECC) recently emphasized the need to…

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P@SHA Proposes Taxation Reforms for Exporters of IT Services

May 14, 2024

Pakistan Software Houses Association (P@SHA) Chairman Muhammad Zohaib Khan Tuesday said that unanimous and representative budgetary proposals regarding the IT industry from the platform of P@SHA have been submitted to the concerned ministries and imp…

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Pakistan to Miss Out On GDP Target This Year, Says SBP

May 14, 2024

The State Bank of Pakistan (SBP) has forecast the GDP growth rate to be settled between 2 and 3 percent in the current financial year as against the target of 3.5 percent set earlier despite the improvement in macroeconomic indicators.

According to …

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Business Community Ready to Help Govt Achieve $100 Billion Domestic Exports: FPCCI

May 14, 2024

President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Sheikh has said that the Business Community is ready to help the government in taking domestic exports to $100 billion.

The solution to energy problems in Pakistan is neces…

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Cnergyico Temporarily Shuts Down Refinery Due to High Petroleum Products Stocks

May 14, 2024

Cnergyico PK Limited, Pakistan’s largest vertically integrated oil refining company, Tuesday announced that it is temporarily shutting down its refinery.

In a notice to Pakistan Stock Exchange (PSX), the company said that the decision has been taken…

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