Tag: inflation

PSX rallies to fresh high on power price cuts – SUCH TV

Posted on By Admin No Comments on PSX rallies to fresh high on power price cuts – SUCH TV

The stock market extended its record-breaking streak on Friday, fuelled by positive investor sentiment over the government’s electricity relief package, falling inflation, and optimism surrounding the International Monetary Fund (IMF) programme. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 120,796.67, gaining 1,858.56 points, or 1.56%. The day’s low was…

Read More “PSX rallies to fresh high on power price cuts – SUCH TV” »

Business

PSX surges to record close above 82,000 points on economic optimism – SUCH TV

Posted on By Admin No Comments on PSX surges to record close above 82,000 points on economic optimism – SUCH TV

Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining inflation and hopes of further monetary loosening by the central bank spurred a buying spree, traders said. The KSE-100 index jumped by 615.16 points, or 0.76%, to reach 82,074.44 from its previous close…

Read More “PSX surges to record close above 82,000 points on economic optimism – SUCH TV” »

Business

Petrol price expected to decrease once again in Pakistan – SUCH TV

Posted on By Admin No Comments on Petrol price expected to decrease once again in Pakistan – SUCH TV

In a welcome development for Pakistani citizens grappling with inflation, the government is poised to introduce further relief for petroleum consumers. There is an anticipated reduction of Rs1.72 per litre in Pakistan’s petrol price in the upcoming fortnightly pricing update. Conversely, High-Speed Diesel (HSD) in Pakistan is expected to see a modest increase of approximately…

Read More “Petrol price expected to decrease once again in Pakistan – SUCH TV” »

Business

Caretaker govt pushes petrol, diesel prices to record high with up to Rs26 hike – SUCH TV

Posted on By Admin No Comments on Caretaker govt pushes petrol, diesel prices to record high with up to Rs26 hike – SUCH TV

Amid back-breaking inflation, the caretaker government on Friday jacked up the petrol price by more than Rs26 and diesel price by over Rs17 per litre in its fortnightly review. According to the Finance Ministry, the decision has been taken due to the increase in oil prices in the international market. The Finance Division said that…

Read More “Caretaker govt pushes petrol, diesel prices to record high with up to Rs26 hike – SUCH TV” »

Business

Indias Food Inflation Is Skyrocketing Above 7% But Tomatoes Are Not The Sole Culprit, New Report Reveals…

Posted on By Admin No Comments on Indias Food Inflation Is Skyrocketing Above 7% But Tomatoes Are Not The Sole Culprit, New Report Reveals…

New Delhi: Staples like cereals and pulses are unlikely to offer relief in the near term amid hardening international prices and subdued sowing domestically. This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher. In July, India witnessed a surge in CPI inflation,…

Read More “Indias Food Inflation Is Skyrocketing Above 7% But Tomatoes Are Not The Sole Culprit, New Report Reveals…” »

Business