Business

The benchmark index of the Pakistan Stock Exchange (PSX) continued its record shattering bullish run on Monday and closed in on the milestone of 60,000 points. According to the PSX website, the KSE-100 index had recorded marginal gains until noon. However, at 1:11pm, it witnessed a sudden surge which continued until closing time. The index closed at 59,811.34, up by 724.99 …

FRANKFURT: Germany’s intensifying budget crisis is hitting Europe’s top economy where it hurts most: its reputation as a reliable partner for industry, some of which now fears that Berlin may not stand by its pledges to fund green and other projects. As well as tearing a 60 billion euro ($65 billion) hole in the government’s 2024 spending plans, the constitutional …

LAHORE: Punjab’s Board of Revenue (BoR) on Saturday reviewed the process of leasing government land for defence purposes and unanimously decided that the matter should be referred to the cabinet. The BoR’s full board meeting chaired by Senior Member Nabil Javed discussed and approved 18 agenda items, while one agenda item was postponed. The board also decided that all approved …

ISLAMABAD: An inquiry by the Competition Commission of Pakistan (CCP) into consumer exploitation by the automobile sector regarding premium payments (on-money), delayed deliveries, increased car prices after booking, etc has come to a standstill. Sources in the commission told Dawn that the investigations have been hindered by a court order and non-cooperation of Honda Atlas Cars (Pakistan) Ltd, as the …

ISLAMABAD: An inquiry by the Competition Commission of Pakistan (CCP) into consumer exploitation by the automobile sector regarding premium payments (on-money), delayed deliveries, increased car prices after booking, etc has come to a standstill. Sources in the commission told Dawn that the investigations have been hindered by a court order and non-cooperation of Honda Atlas Cars (Pakistan) Ltd, as the company has …

ISLAMABAD: An inquiry by the Competition Commission of Pakistan (CCP) into consumer exploitation by the automobile sector regarding premium payments (on-money), delayed deliveries, increased car prices after booking, etc has come to a standstill. Sources in the commission told Dawn that the investigations have been hindered by a court order and non-cooperation of Honda Atlas Cars (Pakistan) Ltd, as the company has …

KARACHI: The KSE-100 index maintained its upward journey on Friday to close at yet another record peak. Topline Securities Ltd said the index gathered pace initially and hit an intraday high of 660 points. However, fear kicked in afterwards as investors preferred to book some of their gains before the end of trading. According to Arif Habib Ltd, the index …

KARACHI: Amid divergent reactions to the implementation of the new Axle Load Regime (ALR) from goods movers, manufacturers believe this will result in a price hike for various items including essential commodities, thus pushing up the cost of living of already inflation-hit consumers. A cement maker said that Punjab-based cement makers have raised prices by Rs50 per 50 kg bag …

MALAGA: Novak Djokovic steered Serbia into the Davis Cup semi-finals with a straightforward 6-4. 6-4 win over Cameron Norrie to secure a 2-0 triumph over Great Britain on Thursday, setting up a mouth-watering clash with Italy’s Jannik Sinner. Italy defeated the Netherlands 2-1 after Sinner inspired his team to a comeback win, the world number four winning his singles and …

ISLAMABAD: Pakistan on Friday received four international bids, with the lowest at $18.46 per unit, for the supply of a liquefied natural gas (LNG) cargo in the first part of January to meet anticipated peak winter shortage in the residential sector as the gas regulator notified 1.2 per cent increase in the sale price of regasified-LNG (RLNG) for November. The …