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  KARACHI:The KSE-100 index continued to retreat on Thursday and dropped 314 points, ending the fourth consecutive session in the red.A fresh drop in rupee's value adidas 80s , which tumbled once again and traded at 164.5 against the US dollar during the day, also aided the market's fall. Moreover, Fitch Solutions revised downward Pakistan's growth forecast, which contributed to the decline.Next Capital analyst M Faizan said the market sell-off was fuelled by mounting investor concerns over the outlook on inflation and interest rate, which could curtail economic growth and have a damaging knock-on effect.He added that the dollar hit an all-time high at 164.5 against the rupee in early trading but some respite came later in the day when the rupee recovered to 163.35. Owing to weak economic cues, all index-heavy sectors closed in the red.Earlier, trading starte stan smith zalando d on a positive note and the index touched the intra-day high at 173.36 points but the op air max plus timism proved short-lived as the rupee depreciated sha Mmge Barcelona bounce back from Champions League nightmare with win over Getafe
 RAWALPINDI:Rawalpindi Metropolitan Corporation (RMC) has increased the estimated cost of 34 development schemes in various union councils of the city by hundreds of millions of rupees owing to an increase in the prices of building materials.Therefore, the cost of these development projects has jumped to Rs1.41 billion. Although the previous estimate was Rs1.20 billion.The civic body has released tenders for these projects in defiance of the Election Commission   39 s restrictions. The tenders will open on January 2, 2024.Read  lsquo Uplift schemes to be finished by New Year  rsq black af1s uo A air max 98 t an estimated cost of over Rs120 million, MCI plans to  campus 00s adidas construct a playground and a mini sports club in Khayaban Sir Syed. Furthermore, the upgrade and beautification project of Murree Road from Marir Chowk to Kacheri Chowk is planned for a cost of over Rs199 million.The other development schemes of the corporation include the upgradation of commercial market roads, drains, footpaths, and road extensions, incl