Index360

07/11/2024

The proposed reduction will provide relief for power consumers in winter.
https://index360.com.pk/2024/11/07/electricity-prices-likely-to-reduce-by-rs8-per-unit/

Earlier, the National Electric Power Regulatory Authority (NEPRA) jackedup electricity rates for Karachi by Rs0.40 per unit.

04/11/2024

While inflation volatility is expected to continue, the MPC anticipates stabilisation within the 5–7% target range over the near term.
https://index360.com.pk/2024/11/04/pakistans-central-bank-slashes-policy-rate-to-15-as-inflation-dips/

While inflation volatility is expected to continue, the MPC anticipates stabilisation within the 5–7% target range over the near term.

03/11/2024

If approved by the federal cabinet and then by Parliament, the use of cryptocurrencies and digital currencies like Bitcoin could become legal tender – a shift from the SBP’s traditionally cautious stance on such currencies.
https://index360.com.pk/2024/11/03/government-proposes-changes-to-sbp-act-legalizing-digital-currencies/

ISLAMABAD: The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act to allow dual nationals to serve…

07/09/2024

The global halal meat market is projected to be estimated at over $700 billion, with an expectation to surpass $1600 billion by 2033.

The global halal meat market is projected to be estimated at over $700 billion, with an expectation to surpass $1600 billion by 2033.

21/03/2024

The chairman of Federal Reserve of United States (FED), Jerome Powell said, there is a high chance that FED may cut the interest rates three times this year (75bps).

Global markets triggered higher after these remarks, as this was highly anticipated. Among the stocks, metals etc. 'Gold' really shines and hit all time highs of $2022.22/oz. The metal was behaving abnormally since few weeks, it nearly drops to $1985/oz in mid Feb this year before reaching this level, soon after market reopens today.

It is likely, that other global banks may follow the FED, not immediately but around June 2024. surprisingly Swiss National Bank cut rates by 25 basis points to 1.50%.

Pakistan's State Bank might also follow the suit, once FED initiate rate cuts. but will that help in reducing the inflation in our country, i think no. We still have a long journey to cover.

19/12/2023

Pakistani honey is sold for merely $20 or $25 per kilogram.
https://index360.com.pk/2023/12/19/pcjcci-keen-to-export-honey-to-china/

Pakistani honey is sold for merely $20 or $25 per kilogram.

15/12/2023

Market recovers on friday on the back of some good corporate news.
https://index360.com.pk/2023/12/15/psx-rally-by-600-points/

Market recovers on friday on the back of some good corporate news.

15/12/2023

Petrol price may go down from Rs281.34 to Rs268 per litre and high-speed diesel could become cheaper from Rs289.71 to Rs276 per litre.
https://index360.com.pk/2023/12/15/petrol-prices-likely-to-dip-over-rs13-per-litre/

Petrol price may go down from Rs281.34 to Rs268 per litre and high-speed diesel could become cheaper from Rs289.71 to Rs276 per litre.

15/12/2023

The final will be played in Karachi.
https://index360.com.pk/2023/12/15/pcb-finalize-dates-and-venues-for-psl-2024/

The final will be played in Karachi.

11/12/2023

KSE-100 index had reached a significant milestone last week.
https://index360.com.pk/2023/12/11/psx-losses-211-points/

KSE-100 index had reached a significant milestone last week.

11/12/2023

Criticized what they perceived as an undue burden on traders despite purported relief initiatives.
https://index360.com.pk/2023/12/11/business-fraternity-emphasizes-need-for-economic-charter-in-current-business-climate/ Chainstore Association of Pakistan

Criticized what they perceived as an undue burden on traders despite purported relief initiatives.

08/12/2023

Pakistan requires an additional 200,000 MT urea as a buffer stock to keep prices stable.
https://index360.com.pk/2023/12/08/urea-shortages-hitting-pakistani-farmers/

Pakistan requires an additional 200,000 MT urea as a buffer stock to keep prices stable.

08/12/2023

A day earlier, the index crosses 64,000 points
https://index360.com.pk/2023/12/08/upward-momentum-continues-as-psx-crossed-66000-milestone/

A day earlier, the shares market crossed the 64,000 level.

07/12/2023

Pakistan is currently exporting meat and meat products worth $500 million.
https://index360.com.pk/2023/12/07/meat-exports-can-increase-to-5-billion-per-annum/

Pakistan is currently exporting meat and meat products worth $500 million.

07/12/2023

Production and sale of sugar below its costs of production has increasingly become unviable and unsustainable.
https://index360.com.pk/2023/12/07/sugar-industry-fear-closure-of-mills-due-to-on-going-uncertainty/

Production and sale of sugar below its costs of production has increasingly become unviable and unsustainable.

06/12/2023

The benchmark of representative shares has seen a record-breaking streak in recent days.
https://index360.com.pk/2023/12/06/psx-crossed-psychological-64000-barrier/

The benchmark of representative shares has seen a record-breaking streak in recent days.

05/12/2023

Any existing conversations with Facebook accounts on Instagram will become read-only.
https://index360.com.pk/2023/12/05/meta-to-disconnect-instagram-chat-and-messenger/

Any existing conversations with Facebook accounts on Instagram will become read-only.

05/12/2023

Chief Minister Punjab, Syed Mohsin Raza Naqvi, will deliver a keynote address at COP28.
https://index360.com.pk/2023/12/05/punjabs-dynamic-leadership-shines-at-cop28/ Central Business District Punjab

Chief Minister Punjab, Syed Mohsin Raza Naqvi, will deliver a keynote address at COP28.