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Stocks march past 47,000 points on economic bets

Stocks on Friday closed above 47,000 points on improved growth prospects, overwhelming response to Wapda’s green bond, and hopes of dovish monetary stance, dealers said.Pakistan Stock.

Kse-100 index cross 47,000 level for first time in nearly 4 years

Kse-100 index cross 47,000 level for first time in nearly 4 years
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

Petroleum Division amends LPG policy draft

Petroleum Division amends LPG policy draft Favours importer by waiving regulatory duty, advance tax on imports via sea At present, the LPG importers are paying 5.5% withholding tax on import. PHOTO: FILE ISLAMABAD: After the oil scam, another scam could emerge as the Petroleum Division has amended the draft of LPG Policy 2021 that appears to favour an influential LPG importer by waiving regulatory duty and advance tax on imports via sea. According to the amended draft, a copy of which is available with The Express Tribune, the Petroleum Division has introduced measures to strengthen the monopoly of one key LPG importer at the cost of local gas and imports through land route.

KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points

KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points May 25, 2021 Bullish momentum continued at Pakistan Stock Exchange (PSX) in the first session of the week following a positive momentum build-up on Friday, as investors continued to cheer the revised-up GDP growth projections and expectations of a people friendly- populist budget. On Monday, the benchmark KSE-100 index closed above 46,000 index level after gaining about 182 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,314.39. Market participants closely followed the political developments, and cheered resolution of disputes between the members of the ruling party.

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