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Govt hikes petrol price by Rs5 4 per litre - Pakistan
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Govt hikes petrol price by Rs5 4 per litre - Pakistan
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
The fragility of the liquefied natural gas(LNG) value chain was exposed last week that sent shock waves in the power corridors. The fault lines whilst hidden acted like sleeper cells and the first strike made the decision-makers lose their sleep. The end consumers suffered the most in killing hot summer amid the return of the countrywide power cuts of various scales and durations.
Any lesson: how weak and frail is the value chain. The fault lines were well known but small jolts in the form of a dry dock created a crisis which should now initiate a serious re-think in the decision-making circle what leverage do they have when the value chain is in the hands of a few? Better late than never but they need to identify the perils ahead and measures necessary for a flourishing, stable gas market.
Earnings to drive stocks in bumpy trade
Business
February 21, 2021
Stocks are expected to rise from the ashes of last week’s burnout as investors are seen placing faith in corporations to declare openhanded earnings in the coming days, dealers said.
The benchmark KSE-100 shares index gained 0.91 percent or 419.29 points for the week ended February 19, 2019 to close at 46,227.65 points. KSE-30 shares index gained 0.66 percent or 126.14 points to end the week at 19,230.64 points.
“The index performed mainly on the positivity on the economic and large-scale manufacturing side where we have noticed significant rise in textile and food exports, surging 8.0 percent and 2.5 percent, respectively in 7MFY21, compared to 7MFY20,” said Muhammad Saeed Khalid, head of Research at Shajar Capital.
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