The Pakistan Stock Exchange (PSX) witnessed a significant decline in the business week’s first day, with the 100 Index dropping by 5,957 points to 145,750. The previous day’s closing at 1,52,907 points was a stark contrast to the current trend. During the business day, the 100 Index touched a low of 1,45,712 points and a high of 1,51,813 points. This comes after the Ministry of Finance released the monthly economic outlook report.
The report, released from Islamabad, predicts the country’s inflation to remain between 7.5% and 8.5% for the month, with a 10.5% increase in remittances for the first eight months of the fiscal year. The implementation of the new LPG prices will commence on April 1. A notification was issued regarding the process to rectify errors in ANOIS for registered business entities.
The gold prices in Pakistan’s currency markets have surged again. The PSX witnessed a positive trend at the start of the business day. It was announced at the briefing that the government is trying to purchase oil through cheaper deals. The global market saw a surge in gold prices, with a rise of 39 dollars to 4,533 dollars per ounce.
Australian Prime Minister Anthony Albanese has made a significant decision to reduce fuel prices in the country. The global market has seen a rapid increase in crude oil prices, while the escalating tensions between Iran and the US have put the world on high alert for a potential energy crisis. The South Korean Kospi index has fallen by 3.3% to 779 points.
The gold prices in Pakistan’s currency markets have also increased. The new price of diesel oil has been set at 433.40 rupees per liter, with a notification issued. In line with the Prime Minister’s instructions, the scope of the ROSHN digital account has been expanded. The Karachi Port has gained international attention due to the ongoing crisis in the Middle East, having handled more containers than the entire previous year in just 24 days.
The global market saw a drop in gold prices by 10 dollars to 4,445 dollars per ounce. A crucial meeting was held in Beijing between the Chinese Foreign Minister and Pakistan’s Foreign Minister, Ishaq Dar, to discuss the situation in the region. The US companies operating in the region will be targeted in response to the Iranian attacks starting from April 1, according to the Pasdaran Revolution.
The US is conducting intense operations inside Iran with full force, and operations are being carried out in Iran’s airspace, according to Pat Higgins. A complaint of 100 crore rupees was filed by Ali Zafar against Meesha Shafi, who had accused Ali Zafar of harassment. The tunnel, which was built to transport narcotics to Spanish territory, had a rail system and cranes installed to facilitate the process, according to Spanish police.
