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

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6 months ago

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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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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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