The selling trend continued in the Pakistan Stock Exchange for the second day as the KSE-100 index dropped 923.03 points to close at 41314.88, 2.23% down than yesterday. The downward trend in the stock market is being attributed to the enormous hike in fuel and energy prices.
As Pakistan buckles under the high petrol prices, the government has decided that it does not want to burden the provincial treasury and announced to cut back on its fuel expenditure.
Pakistan’s rice exports to China increases up to $225 million, with more than 601,574.052 tons of different varieties of rice exported in January-April this year.
The US Secretary of State said that in India, attack on members of the minority communities, including killings, assaults, and intimidation, occurred throughout the year.
APTMA strongly urges the government to restore the priority of the export industry and to recognize the immense losses and damage to Pakistan’s economic future this will cause.
The Apex Court directed the federal government to bring the recent changes in the Exit Control List (ECL) rules within Seven days and warned to issue an order in case of non-compliance
The perception that India is an unreliable partner and not willing to do the necessary for its allies is likely to make an impression on the US. Future policies and strategies may be designed in Washington, keeping this perception of New Delhi in view.
The duration of unannounced load shedding nationwide remains between six hours to 14 hours. Different sectors in Islamabad are facing three to four hours of unannounced load shedding.
