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LPG is being offered at astronomical prices.

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5 months ago

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There are regional variations in the market pricing of LPG, according to Irfan Khokar, Chairman of the LPG Distributors Association. The official price of Rs 234.60 per kilogram is less than what he indicated, with the LPG being sold for between Rs 270 and Rs 280 per kilogram.

Domestic cylinder prices have gone up to Rs 1,875 while commercial cylinder prices have increased to Rs 6,750, according to the Chairman of the LPG Distributors Association.

Domestic cylinders are supposed to cost Rs 2700 according to the government, but Irfan Khokar claims that they are really sold for between Rs 3,600 and Rs 3,780.

As opposed to the government-fixed price of Rs 10,715 for commercial cylinders, the market price is between Rs 13,500 and Rs 14,175 according to the Chairman of the LPG Distributors Association.

Friday, May 31, saw a price reduction for LPG by the Oil and Gas Regulatory Authority (OGRA).

LPG prices have been lowered by Rs3.87 to Rs234 per kilogram, following the OGRA’s announcement. With immediate effect, the revised rates will apply.

This comes after the arrival of three ships carrying imported LPG, which led to a reduction in production costs by the Oil and Gas Development Company (OGDCL), according to sources.

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SIFC Promotes International Honey Trade: Malaysia Becomes an Export Destination for KP 60,000 Honey Farms

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The successful arrival of Khyber Pakhtunkhwa’s first batch of SIDR honey in Malaysia is a major turning point for Pakistan’s honey sector.

The special investment facilitation council is helping to raise the profile of Pakistan’s agricultural exports internationally.

The Ministry of Commerce is dedicated to increasing Pakistan’s honey exports internationally, and the Pakistani high commission in Kuala Lumpur has been instrumental in fostering collaborations between Malaysian and Pakistani companies.

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The KSE-100 is getting closer to the 100,000 level thanks to bullish momentum.

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At 98,164.24 points, the benchmark KSE-100 Index is just 1,800 points away from the much-anticipated 100,000 level and is approaching a historic milestone.

Favorable macroeconomic indicators and high investor confidence have propelled the index’s bullish momentum as of 9:47 a.m. today.

The KSE-100 had a significant increase of 469.84 points, or 0.48%, on Friday, closing at 97,798.23 points. Market optimism was indicated by the index’s quick spike to an intraday high of 99,623.03 points.

Analysts have increased their estimates, predicting that by the end of 2025, the KSE-100 might rise to 120,000. Continued improvements in macroeconomic conditions, such as declining bond yields, are anticipated to be the main drivers of this spike since they are bringing more liquidity to the equities market.

Following the drop in bond yields, mutual funds have made about $132 million in investments in Pakistani stocks since January 2024. This influx of funds is considered a favorable indicator of investor sentiment.

The market has also risen as a result of the State Bank of Pakistan’s decision to reduce interest rates by a total of 700 basis points, from 22% in May 2024 to 15% now.

The All-Share Index, which measures the overall market, also showed robust gains. With a net increase of 280.51 points, or 0.44%, it was at 62,376.87 points. Expectations of additional growth in the equity market are being bolstered by this encouraging trend.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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4 days ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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