amp News

Pakistan to localize auto manufacturing, integrate ethanol fuel in vehicles

Pakistan aims to localize auto manufacturing and boost the automotive industry by integrating ethanol fuel in vehicles, ensuring engine compatibility, and...

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PwC, IPSOS surveys reflect strong business, consumer optimism: Khurram Schehzad

The latest PwC and IPSOS surveys reflect growing confidence in Pakistan’s economy, with business optimism and consumer sentiment...

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Power sector's earnings climb in Q1 2024

Pakistan’s power generation & distribution industry experienced notable earnings growth in the first quarter of 2024, however, circular debt remained a major...

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CCP greenlights merger in Pakistan's thermal power sector

The Competition Commission of Pakistan (CCP) has approved a merger in Pakistan's thermal power sector, involving the acquisition of 20.97% shareholding...

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Oil & gas sector's profit boom stalls in Q1 2024 amid lower income

Pakistan’s oil and gas exploration sector has failed to sustain its tale of financial success as industry players witnessed a major drop in earnings...

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Changan joins price-cut trend, slashes Oshan X7 price by Rs400,000

Following the recent drop in car prices in Pakistan's auto industry, Changan has also joined the league, reducing the price of its Oshan X7 Futuresense...

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LMC's Kia Stonic fully booked until September 2024

Lucky Motor Corporation (LMC), the assembler and seller of KIA cars in Pakistan, has declared that all slots for Kia Stonic deliveries until September 2024...

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Avanceon Q1 2024 profit drops 91% YoY

Avanceon Limited's (PSX: AVN) profit after tax plummeted 91.5% YoY to Rs70.4 million [EPS: Rs0.19] in the first quarter of 2024, compared to a profit...

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NetSol’s earnings crash 95% YoY in Q1 2024

NetSol Technologies Limited (PSX: NETSOL) profit after tax plunged 95.4% YoY to Rs64.27 million [EPS: Rs0.73] compared to a profit of Rs1.4 billion...

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Power generation drops 8.2% YoY to 8,023 GWh in March’24, rises 12.5% MoM

The total power generation in the country decreased by 8.2% YoY to 8,023 GWh during March 2024 as compared to 8,741 GWh in March 2023, monthly power...

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Neelum Jhelum project reaches maximum generation at 969 MW

The Neelum Jhelum Hydroelectric Project resumed its operations earlier this month, and as of yesterday, it has achieved its maximum generation capacity...

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Pakistan’s power sector attracts highest net FDI worth $58.08m in February

Pakistan’s Power Sector witnessed the highest net Foreign Direct Investment (FDI) worth $58.08 million in February 2024, as per the latest data released....

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SIFC to facilitate 600 MW solar power project in Muzaffargarh district

A groundbreaking development has emerged for the country's power sector as the National Transmission and Dispatch Company Limited (NTDC) has acquired.....

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Car sales rise 1.94% MoM to 7,953 units in February

Passenger car sales edged up 1.94% MoM in February 2024, clocking in at 7,953 units compared to 7,802 units recorded in January 2024, the latest data from...

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Pakistan's power sector leads FDI outflow with $242.58m in January

Pakistan’s Power Sector witnessed the highest net outflow through FDI worth $242.58 million in January 2024, followed by Telecommunications with...

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Sazgar introduces debut electric vehicle 'ORA 03' to Pakistan market

Expanding its footprint in Pakistan's automotive sector, Sazgar Engineering Works Limited (PSX: SAZEW) has launched its first-ever Electric Vehicle (EV)...

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Car sales surge to 7,802 units in January, highest since Dec 2022

Passenger car sales surged by 58.71% MoM in January 2024, clocking in at 7,802 units compared to 4,916 units recorded in December 2023, the...

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Pakistan's power sector attracts highest net FDI worth $433.5m in 1HFY24

Pakistan’s Power Sector received the highest net FDI worth $433.5 million in 1HFY24, followed by the Oil & Gas Exploration sector and...

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Neelum Jhelum hydel power station to shut down from January 10

Neelum Jhelum hydel power station will cease electricity generation from January 10, 2024, during the current low-flow season for the inspection of its...

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Govt plans to cut industrial electricity tariff by 44% to revive economy

The government plans to reduce the electricity tariff from 16 cents to 9 cents per unit for the export-oriented and zero-rated industries to ease the burden...

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Zong 4G achieves digital excellence with CMMI maturity level 3 appraisal

Pakistan's leading telecom operator Zong 4G has marked a transformational shift with the attainment of Maturity Level 3 (ML3) of the...

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Saudi Aramco to acquire 40% stake in Gas & Oil Pakistan

Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40%...

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Car sales plunge by 68.41% YoY in November

Passenger car sales plunged by 68.41% YoY in November 2023, clocking in at just 4,875 units compared to 15,432 units recorded....

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Dun & Bradstreet expands product portfolio in Pakistan with finance, risk analytics

Dun & Bradstreet has announced two revolutionary solutions, D&B Finance Analytics and D&B Risk Analytics, designed to streamline...

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Pak Suzuki unveils Islamic financing with up to Rs650,000 in savings

Pak Suzuki Motor Company Limited (PSX: PSMC) in collaboration with Meezan Bank Limited (PSX: MEBL) is introducing a limited-time....

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Car sales plunge by 24% MoM in October

Passenger car sales plunged by 24.33% MoM in October 2023, clocking in at just 4,850 units compared to 6,410 units recorded in the previous month...

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Pak Suzuki unveils upgraded Suzuki Swift, prioritizing top-notch safety features

Pak Suzuki Motor Company Limited (PSX: PSMC) has announced the upgraded new Suzuki Swift with the objective of providing....

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Pakistan leapfrogging into a new era of tech innovation: Masood Khan

Tech entrepreneurship in Pakistan has taken off and the country is leapfrogging into a new era of the tech industry, said....

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Govt pledges commitment to Moody's, S&P Global credit ratings

The government is committed to ensure financial stability within the country and implementing reforms aimed at sustaining...

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Car sales jump by 8.5% MoM in September

Passenger car sales witnessed an increase of 8.48% MoM in September 2023, clocking in at 6,410...

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KIA Motors cuts car prices in Pakistan as rupee appreciates

Owing to the recent appreciation of the Pakistani Rupee (PKR) against the U.S. dollar, Lucky Motor Corporation (LMC)....

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Hyundai Santa Fe Hybrid offers Pakistani consumers a slice of hybrid pie

With the objective to redefine the automotive sector in Pakistan and to expand its presence in it, Hyundai...

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Power theft costs KPK Rs125bn in 2 years

The menace of power theft in five major districts of Khyber Pakhtunkhwa has resulted in a loss of Rs125 billion to the national treasury over....

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S&P upgrades SoftBank's credit otlook to positive on Arm IPO

S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial public offering...

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Electricity generation increases by 14% YoY in August 2023

The total power generation in the country increased by 14% YoY to 15,959 GWh during August 2023 as compared to 14,053 GWh in the same period last year....

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Car sales soar by 59.62% MoM in August

Passenger car sales witnessed a significant surge of 59.62% MoM in August 2023, clocking in at 5,909 units compared to 3,702 units recorded in the previous..

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Electricity generation increases by 8.2% MoM in July 2023

The total power generation in the country increased by 8.2% MoM to 14,840 GWh during June 2023 as compared to 13,713 GWh in the corresponding month, monthly...

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WAPDA generates 8,158 MW hydel electricity during peak hours

Electricity generation by WAPDA hydel power stations surged beyond the 8000 MegaWatt (MW) mark, crossing new frontiers with an 8158 MW contribution to the....

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Car sales plunge by 64.33% YoY in July

Passenger car sales witnessed a significant plunge of around 64.33% YoY in July 2023, clocking in at 3,702 units compared to 10,378 units recorded in the...

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NEPRA hikes FCA by Rs2.31/kWh for K-Electric, Rs1.81/kWh for XWDISCOs

The National Electric Power Regulatory Authority (NEPRA) issued notifications on Wednesday, announcing an additional fuel cost adjustment (FCA) of Rs2.31/kWh...

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Sugar sector leads Pakistan’s economic growth with highest ever profits in 9MFY23

Sugar Sector in Pakistan recorded the highest-ever profits in 9MFY23, with a rise of 22.61% YoY, clocking in the total sector's profit after tax at Rs13.7bn...

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MG Pakistan to introduce new variants of HS Excite, 2.0 AWD

MG Pakistan, a prominent player in the country's automotive industry aims to introduce two new variants of its popular models, the MG HS Excite and 2.0 AWD...

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WAPDA generates 7,286 MW hydel electricity: Seasonal peak

Electricity generation by Water and Power Development Authority (WAPDA) hydel power stations surpasses the 7000 Megawatt (MW) mark as WAPDA contributes....

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Electricity generation increases by 12% MoM in June 2023

The total power generation in the country increased by 12% MoM to 13,715 GWh during June 2023 as compared to 12,284 GWh in the corresponding month, monthly....

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AT&T stock sinks to 30-year low

Shares of AT&T Inc (NYSE: T) fell nearly 7% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news...

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Electricity generation increases by 23% MoM in May 2023

Total Power generation in the country increased by 23% MoM to 12,284 GWh during May 2023 as compared to 10,010 GWh in the corresponding month, monthly power...

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Dun & Bradstreet empowers the fight against financial crime in Pakistan

Dun & Bradstreet (D&B) Pakistan Private Limited concluded its first event series titled "Pakistan Assemble-United against Financial Crime" at the Pearl cont...

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FCEPL: Profitability ascends to Rs2.46mn in CY22

The Friesland Campina Engro Pakistan Limited (FCEPL) has disclosed its earnings for the year ended in December 2022...

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TRG International files suit on violation of SPA

The Resource Group International Limited (TRG International) has filed Suit against JS Bank Limited, JS Global Capital Limited...

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Encashment notice withdrawn, Standby LC extended on agreed terms: HUBC

The China Power Hub Generation Company (CPHGC) has withdrawn the encashment notice served on November 23...

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NdcTech granted license to develop Country Model Banks

Systems Limited (SYS) subsidiary NdcTech has been granted license rights by Temenos to develop Country Model Banks...

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HUBCO Boiler Steam blowing project completed at Thal Nova

The Hub Power Company Limited (HUBCO) has announced that company successfully completed Boiler Steam blowing project at Thal Nova and this project will add 330M

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PPL to invest 33.33% paid-up capital in Pakistan Minerals

PPL) board of directors has approved an investment of up to 33.33% or 1/3rd of the total paid-up and issued capital in an associated company

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PACRA maintains entity ratings of Air Link Communication

Pakistan Credit Rating Company (PACRA), has maintained entity ratings of Air Link Communication Limited (AIRLINK) at “A” for the long term and “A1” for the...

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Pakistan Cables acquires 3.9 acre land for new manufacturing facility

Pakistan Cables acquires 3.9-acre land for new manufacturing facility

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HCAR profits slump to Rs273mn in HY22

profitability HCAR plunged by 85.39% YoY for the half year ended on Sep 30, 2022

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NETSOL signs tri-partite contract with IGNITE

NETSOL Technologies Limited (NETSOL) has signed a tri-partite contract with IGNITE-National Technology Fund and Aviation City Pakistan

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MPCL awarded new four exploration blocks

The Directorate General of Petroleum Concessions (DGPC), has awarded four new exploration blocks to Mari Petroleum Company Limited

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PPL to participate in Reconstituted Reko Diq Project

PPL to participate in Reconstituted Reko Diq Project

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AVN nine months profits tick up by 89.22% YoY in September 2022

AVN nine months profits tick up by 89.22% YoY in September 2022

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HUBC’s EPS surges by 22.55% YoY to Rs7.01 in 1QFY23

HUBC’s EPS surges by 22.55% YoY to Rs7.01 in 1QFY23

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PSMC announces shutdown of automobile plant

PSMC announces shutdown of automobile plant

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NATF profits fall to Rs685mn in 1QFY23

NATF profits fall to Rs685mn in 1QFY23

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RMPL announces dividend of Rs50 per share for 3QCY22

RMPL announces dividend of Rs50 per share for 3QCY22

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Worldcall Services to list on NASDAQ

Worldcall Services to list on NASDAQ

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TRG Pakistan reports Rs4.98bn loss in FY22

TRG Pakistan reports Rs4.98bn loss in FY22

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Market Review: A month of optimism

Market Review: A month of optimism

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MARI declares 5% rise in profits, payout of Rs124/sh

MARI declares 5% rise in profits, payout of Rs124sh

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E&P companies to invest over $70.2mn in 9 blocks

Eamp;P companies to invest over $70.2mn in 9 blocks

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PPL gets mining lease deed

PPL gets mining lease deed

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Samsung, R&R Industries begin first TV Line-up plant in Pakistan

Samsung, RR Industries begin first TV Line-up plant in Pakistan

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KAPCO gets Rs59.4bn from power purchaser

KAPCO gets Rs59.4bn from power purchaser

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Power generation jumps by 10.3% YoY in Oct’21

Power generation jumps by 10.3% YoY in Oct’21

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POL plans to spud four wells in FY22

POL plans to spud four wells in FY22

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SBP’s revised PRs: Will this move reap desired outcome?

SBP’s revised PRs: Will the move reap desired outcome?

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Power Generation surges by 10% YoY in Aug

Power Generation surges by 10 YoY in Aug

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PPL discovers hydrocarbon in Sindh

PPL discovers hydrocarbon in Sindh

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OGDCL discovers Gas, Condensate in Wali Block

OGDCL makes a Gas and Condensate discovery in Wali Block, KPK

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PSMC: Rolling up sleeves to reap maximum benefit

PSMC Rolling up sleeves to reap maximum benefit

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Pakistan’s E&P companies win exploration block in Abu Dhabi

Pakistans EP companies win exploration block in Abu Dhabi

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OMCs: Strong start to new year; volume up by 12% YoY in Jan’21

OMCs Strong start to new year volume up by 12 YoY in Jan21

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Bids for 20 E&P blocks’ auction to open on Friday

Bids for 20 EampP blocks auction to open on Friday

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OMCs: PSO to benefit most from crackdown against smuggled fuel

OMCs PSO to benefit most from crackdown against smuggled fuel

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Power Sector: Payment of over-due receivables of IPPs expected in 3 installments

Power Sector Payment of over-due receivables of IPPs expected in 3 installments

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Power Sector: Payment of over-due receivables of IPPs expected in 3 installments

Power Sector Payment of over-due receivables of IPPs expected in 3 installments

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PPL commences EWT production at Exploratory Well Bolan East-1

PPL commences EWT production at Exploratory Well Bolan East-1

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PPL commences EWT production at Exploratory Well Bolan East-1

PPL commences EWT production at Exploratory Well Bolan East-1

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E&P companies make 90 discoveries in last six years

companies make 90 discoveries in last six years

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E&P companies make 90 discoveries in last six years

companies make 90 discoveries in last six years

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NEPRA recommends One Electricity Generation Basket for cost-effectiveness in Pakistan

NEPRA recommends One Electricity Generation Basket for cost-effectiveness in Pakistan

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Closing Bell: Breathe

Closing Bell Breathe

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Closing Bell: Voila!

Closing Bell Voila

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Closing Bell: Anxiety

Closing Bell Anxiety

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Closing Bell: Have you ever seen the rain?

Closing Bell Have you ever seen the rain

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Closing Bell: Over the rainbow

Closing Bell Over the rainbow

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Closing Bell: Ta-da!

Closing Bell Ta-da

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Closing Bell: Slow Down Blues...

Closing Bell Slow Down Blues...

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Closing Bell: Herd Immunity

Closing Bell Herd Immunity

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Financial Businesses repatriate highest profits in April'20

Financial Businesses repatriate higher profits in April20

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OGRA issues show cause notices to three OMCs for not maintaining fuel stocks

OGRA issues show cause notices to three OMC for not maintaining fuel stocks

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Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,565.00 108,105.00
107,505.00
-670.00
-0.62%
BRENT CRUDE 66.42 66.63
66.34
-0.32
-0.48%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.76 65.02
64.67
-0.35
-0.54%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%


Latest News
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