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The PSX-100 index has reached its highest level ever, surpassing the 81,000 milestone.

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The Pakistan Stock Exchange has achieved a significant milestone with the PSX-100 index surpassing 81,000 points, setting a new historical record.

The Pakistan Stock Exchange is experiencing a notable upward trend at the beginning of the second trading day of the week. The KSE-100 index rose by 426 points, reaching a total of 81002 points.

A fire broke out on Tuesday on the fourth floor of the Pakistan Stock Exchange building in Karachi. The Karachi Fire Brigade promptly deployed a fire hose to the location and successfully extinguished the fire in its entirety.

The fire at the Pakistan Stock Exchange was successfully put out, and trading at the exchange resumed after a temporary suspension of a few hours.

The Chief Fire Officer of Karachi said that the fire on the fourth floor of the PSX building has been fully extinguished and the process of cooling down the area is currently underway.

A fire originated on the fourth story of the structure. According to him, there were no casualties in the incident. Multiple brokers’ trading terminals were forced to close as a result of a fire. Notwithstanding the fire, the administration commenced the market’s operations, however it was subsequently shut down within thirty minutes.

The Stock Exchange administration said that the market will be closed indefinitely. Fire department vehicles were attempting to suppress the fire at the PSX. The preopen trading activity for PSX-100 has not commenced due to the fire event.

All the traders have been successfully evacuated from the building. The fire allegedly took place on the fourth floor of the Pakistan Stock Exchange.

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Key suspect in Ameer Balaj Tipu murder case detained in Oman

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An important suspect in the murder case of Amir Balaj has been taken into custody in Oman. Authorities in Oman captured the wanted man, Bilawal, and took him to Lahore.

The FIA official stated that the suspect had gone overseas last year in order to avoid arrest and that a case had been filed against him in Lahore.

Bilawal was the third gunman in the Amir Balaj murder case, according to police confirmation.

Context

The horrific incidents that resulted in Ameer Balaj Tipu’s premature death took place during a wedding ceremony in a residential community close to the Thokar Niaz Beg district of Lahore.

Based on initial inquiries, the armed and determined attacker blatantly attacked Balaj Tipu, who had recently joined the Pakistan Muslim League-Nawaz (PML-N), killing him instantly.

Two more people suffered severe injuries in the ensuing crossfire, adding to the shock and tragedy of the event.

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Vawda’s allegations of death threats about the purchase of a vehicle are denied by the FBR association.

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Regarding Senator Faisal Vawda’s claims that Federal Board of Revenue (FBR) personnel had threatened his life, the Inland Revenue Service personnel Association has replied.

The group denies the allegations, claiming that none of its officers threatened anyone, and denounced the attempt to discredit them.

The statement emphasized that government car purchases were governed by regulations and urged Vawda to back up his claims with proof. It also raised fears that irrational remarks were hurting officers’ morale and would interfere with the tax collecting process.
The committee made the decision to forward the threatening officers’ case to the Federal Investigation Agency (FIA) for additional examination. Along with calling for a high-level investigation, the FBR Chairman pledged to prosecute individuals culpable for the threats.

The members of the Finance Committee urged that the case be sent to a criminal body such as the FIA. The committee has previously voiced its disapproval of the FBR’s acquisition of more than 1,000 automobiles at a cost of billions of rupees.

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Over 114,000 points, the PSX-100 index soars.

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The benchmark KSE-100 Index jumped above the 114,000-point level during trade, indicating a strong bullish trend on the Pakistan Stock Exchange (PSX).

In one update, the index increased by more than 1,590 points to 114,796 points, and in another, it increased by 1,426 points to 114,632 points. In the third trading session, the index increased by 1,030-points to 114,230 points.

Stockbrokers boosted investor confidence by attributing this spike to listed businesses’ solid financial reports. The increasing momentum was further fueled by increased buying activity in industries like banking, energy, cement, and pharmaceuticals.

The market’s performance continues to inspire optimism among analysts, who point to strong corporate earnings and economic indicators as the main drivers of the bullish trend.

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