Page 4 - பாக்கிஸ்தான் பெட்ரோலியம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Market watch: KSE-100 inches down on Covid concerns
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Market watch: Economic, political headwinds pull bourse down
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ISLAMABAD: With power sector circular debt touching Rs2.327 trillion as of June 30, 2021, the Cabinet Committee on Energy (CCoE) on Thursday ordered expeditious implementation on oil crisis report including transfer of additional powers to Oil & Gas Regulatory Authority (Ogra) to regulate oil marketing sector.
Presided over by Planning Minister Asad Umar, the CCoE also desired a final position of all the stakeholders on allocation of pipeline capacity and tie-in mechanism before the next meeting to secure final investment decisions (FIDs) from investors of two additional merchant LNG terminals. It was noted that discouraging signals were going out to the investors who had paid different fees and made other expenditures so far which was not a good omen.
Circular debt soars to Rs2 327 trillion in 2020-21 - Newspaper
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KARACHI: Bullish fire continued to leap over the stock market as shares across the board recorded strong gains on Thursday. As the investors fell upon one another in picking up stocks that had declined to attractive valuation, the KSE-100 index climbed by 445 points, or 0.94 per cent, to close at 47,801.
Intraday the index collected 487 points.
Institutional investors who had sold to book profit at the close of FY21, re-entered to make fresh portfolio which was the major reason for shares to rise across the board. The index remained in green territory throughout the day as investor sentiments were improved after a beeline of positive news. The implementation of the budget was thought to bring a host of incentives and tax concessions in various sectors. The investors participation in trading grew as the Capital Gains Tax was reduced from 15 per cent to 12.5pc vide the budget.