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Weekly Review: KSE-100 crosses 19,000 barrier ahead of elections

The poor law and order situation across the country in the run-up to general elections was unable to prevent the stock market from reaching a new record high. Strong corporate earnings saw the benchmark KSE-100 index smash past the 19,000-point barrier to close at 19,226 points during the week ended May 3. The index recorded only one session in the ... Read More »

PIA looking to double share in mango shipments

KARACHI / UNITEDNEWS: In a bid to fight back and increase its share in mango exports, Pakistan International Airlines (PIA) has said it has finalised a plan to ship maximum quantity of mango this season. Despite huge potential, PIA’s share in mango exports is just 15% while rest of the market is in the hands of private and international airlines. ... Read More »

Rs2bn being spent daily on thermal power

  ISLAMABAD: The government disclosed in the Supreme Court on Thursday that about Rs2 billion was being spent daily (Rs749bn a year) on purchase of furnace oil for thermal power generation. “This Rs749bn is in addition to Rs250bn which the government has to incur in terms of subsidised electricity provided to certain consumers,” Managing Director of the Pakistan Electric Power ... Read More »

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