Finance

Stocks closed at 83,000 as economic optimism increased – Trendy Blogger

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Stocks closed at 83,000 as economic optimism increased – Trendy Blogger

  A broker takes a picture of the trading screen at the Pakistan Stock Exchange. – Reuters/File After a day of flat close, stocks jumped on Thursday, testing the 83,000 resistance level as easing inflation pressures and hopes of further interest rate cuts, coupled with improving economic indicators, prompted investors to snap up high-yielding stocks. … Read more

Five independent power producers “agreed” to the government’s request to terminate the “power purchase” contract. – Trendy Blogger

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Five independent power producers “agreed” to the government’s request to terminate the “power purchase” contract. – Trendy Blogger

  A power transmission tower in Karachi on January 24, 2023. — Reuters IPPs must terminate contracts once the modalities are finalized. The government will provide up to Rs 150 billion in terms of capacity payments. The current administration is negotiating the dues owed to independent energy buyers. ISLAMABAD: At a time when the current … Read more