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The PSX-100 index increases by 120 points to the benchmark of 80448.

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The PSX-100 index increased by 120 points during Monday’s intraday trade, showing signs of enthusiasm.

The threshold increased by 120 points to 80448 points.

Notably, three fire hydrants were attempting to put out the fire on the fourth level of the PSX building in Karachi when it started to catch fire.

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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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