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The PSX-100 index has reached its highest level ever, surpassing the 81,000 milestone.

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The Pakistan Stock Exchange has achieved a significant milestone with the PSX-100 index surpassing 81,000 points, setting a new historical record.

The Pakistan Stock Exchange is experiencing a notable upward trend at the beginning of the second trading day of the week. The KSE-100 index rose by 426 points, reaching a total of 81002 points.

A fire broke out on Tuesday on the fourth floor of the Pakistan Stock Exchange building in Karachi. The Karachi Fire Brigade promptly deployed a fire hose to the location and successfully extinguished the fire in its entirety.

The fire at the Pakistan Stock Exchange was successfully put out, and trading at the exchange resumed after a temporary suspension of a few hours.

The Chief Fire Officer of Karachi said that the fire on the fourth floor of the PSX building has been fully extinguished and the process of cooling down the area is currently underway.

A fire originated on the fourth story of the structure. According to him, there were no casualties in the incident. Multiple brokers’ trading terminals were forced to close as a result of a fire. Notwithstanding the fire, the administration commenced the market’s operations, however it was subsequently shut down within thirty minutes.

The Stock Exchange administration said that the market will be closed indefinitely. Fire department vehicles were attempting to suppress the fire at the PSX. The preopen trading activity for PSX-100 has not commenced due to the fire event.

All the traders have been successfully evacuated from the building. The fire allegedly took place on the fourth floor of the Pakistan Stock Exchange.

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The Deputy Prime Minister presides over a session of the Exploration and Production Committee.

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Deputy Prime Minister Ishaq Dar presided over the fifth session of the committee established by the Prime Minister to formulate a comprehensive action plan for tackling the difficulties confronting the exploration and production sector in Pakistan.

The committee achieved a preliminary consensus to present a long-anticipated framework to the executive committee of the national economic council on the sale of 35% of the unallocated gas volumes to external purchasers.

The committee resolved to commence a bidding process for accessible onshore exploration blocks by the following month.

The committee received an update on the current digitalisation initiatives of the Directorate General of Petroleum Concessions (DGPC). A competitive procedure has commenced to facilitate this digital transformation, which will optimise operations and improve efficiency in the sector.

The committee deliberated on a proposal to adjust petrol selling prices monthly or quarterly. The committee instructed the petroleum division to do a more thorough analysis of the idea and present it again at the next meeting.

The committee addressed the security concerns encountered by exploration and production companies, underscoring that the establishment of robust security measures is crucial for fostering investment in the E&P industry to ensure Pakistan’s energy security.

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PTI to intensify pressure on the government on November 24: Barrister Saif

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Khyber Pakhtunkhwa Information Adviser Barrister Saif stated on Tuesday that the Pakistan Tehreek-e-Insaf (PTI) intends to intensify pressure on the “Form-47 government” during its forthcoming protest campaign, planned to commence on November 24.

Saif stated that the residents of KP were making comprehensive arrangements for the gathering on November 24, noting that KP Chief Minister Ali Amin Khan Gandapur had issued directions to legislators from all constituencies to accelerate their preparations for the anti-government initiative.

“We are conducting rallies and corner meetings throughout KP to ensure the success of the gathering on November 24.” Thousands of individuals, along by public officials, will assemble at the Motorway, from which KP Chief Minister Ali Amin Gandapur will direct the procession towards Islamabad,” Saif reiterated.

He stated that November 24 will be a day for the supremacy of law and the constitution.

“I implore individuals to protect themselves from the actions of the fascist regime; otherwise, they will suffer the consequences,” he said.

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Twin cases are sent back to the regular bench by the constitutional court.

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A few cases were returned to the ordinary bench by the newly established constitutional bench on Tuesday, raising doubts about its constitutionality.

In the name of the Ministry of Petroleum, Saeed Khosa’s case was heard by a seven-member bench presided over by Justice Amin-ud-din Khan.

Only cases that fall inside the purview of the constitutional bench should be sent to it, said Justice Muhammad Ali Mazhar.

Notably, on October 23, the matter was referred to the constitutional bench by a three-member panel headed by Justice Mansoor Ali Shah.

Additionally, a different housing society case was returned to the regular bench as well.

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