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PIA sell-off model floated for DISCOs

[ ISLAMABAD: The Privatisation Commission (PC) board proposed on Tuesday the establishment of a new company to set aside some liabilities and assets of three power distribution companies (DISCOs) in line with the privatisation model used for Pakistan International Airlines (PIA), aiming to hand over the entities with positive equity to new buyers. According to … Read more

Security forces kill 32 terrorists in K-P, Balochistan operations: ISPR

Says 24 terrorists killed in Khyber district last night, 8 terrorists killed in Balochistan’s Nushki district Security forces killed 32 terrorists, including 24 in Khyber district of Khyber-Pakhtunkhwa (K-P) and eight in Balochistan’s Nushki district, during two separate intelligence-based operations, the military’s media wing said on Wednesday. The intelligence-based operations have been launched in the … Read more

PSX tumbles 1,340 points as global sell-off, oil surge hit sentiment

[ KARACHI: The Pakistan Stock Exchange (PSX) extended its losses on Wednesday, with the benchmark KSE-100 Index falling 1,339.73 points, or 0.75%, to 176,284.15 at 1:04pm amid weak regional markets and rising oil prices. The Index had earlier dropped 1,297.67 points, or 0.73%, to 176,326.21 at 9:34am. The KSE-100 traded between an intraday high of … Read more