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PM Shehbaz Orders Action Against Pumps Denying Fuel Subsidy

Illustration of a petrol pump and motorcycle. Illustration: original graphic created by Global News 47; not a photograph.

On Thursday, Prime Minister Shehbaz Sharif told officials to cancel the licences of petrol pumps that refuse to serve people registered under the Prime Minister’s Fuel Relief Programme. He gave the order at a meeting in Islamabad to review the subsidy scheme. The warning comes as petrol prices fall for the third time in a… Continue reading PM Shehbaz Orders Action Against Pumps Denying Fuel Subsidy

KSE-100 Index Surges Nearly 4,000 Points After US Midterms

Illustrative chart, not actual market data. Illustration: original graphic created by Global News 47; not a photograph.

The KSE-100 index jumped almost 4,000 points on Wednesday, November 4, in one of the strongest single-day gains in its recent history. Investors at the Pakistan Stock Exchange (PSX) bought heavily after the US midterm results raised hopes of calmer relations between Washington and Tehran. The benchmark closed at 172,013.48 points, up 3,994.62 points, or… Continue reading KSE-100 Index Surges Nearly 4,000 Points After US Midterms