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KARACHI:Banks may have taken a hit, but other index-heavy sectors attracted attention as the KSE-100's positive run continued on the opening day of the week.Auto, cement, engineering and oil sectors led the rally even as banks remained in the red due to status quo in the interest rate, helping the KSE-100 close above the 45,700 mark.At close, the ben
air max 98 chmark KSE 100-share Index recorded an increase of 181.13 points or 0.40% to settle at 45,741.43.Elixir securities' analyst Muhammad Arbash said equities closed higher with the benc
dunks pink hmark KSE-100 index settling above 45,700 level.On back of rupee devaluation, KSE-100 ends 1.2% higher In the Monetary Policy announcement late Friday evening, the State Bank of Pakistan kept the policy rate unchanged at 6% - a decision that came as a surprise to many, and consequently, financials came under heavy selling pressure, denting the KSE-100 Index by a good 250 points, remarked the analyst. Nonetheless, other se
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ISLAMABAD:Prime Minister Imran Khan has allowed the withdrawal of the subsidy on wheat flour for urban consumers and agreed to increase the release price of the commodity to mills by over 32% to Rs1,950 per 40kg due to limited fiscal space. ldquo The wheat release price has been fixed at Rs1,950 per 40kg, rdquo Finance Minister Shaukat Tarin said on Tuesday while addressing a news conference
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airmaxplus ons behind the soaring inflation and public debt.The minister added that the re
nike air af1 lease rate of Rs1,950 per 40kg would ldquo help reduce the wheat flour price rdquo .The wheat release price in the last season was Rs1,475 per 40kg. The provincial governments issue wheat to the flour mills from its stocks at the release price.The provincial governments supply wheat to the mills at controlled prices to ensure availability of the flour at relatively reasonable rates.Jamshed Iqbal Cheema, special assistant to the PM on food security, said the decision to fix wheat release