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Pakistan Stock Exchange sees shares recover after losing streak – SUCH TV

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Pakistan Stock Exchange sees shares recover after losing streak – SUCH TV



The Pakistan Stock Exchange (PSX) rebounded strongly on Friday, ending a string of declines as investor confidence received a boost following Pakistan and Afghanistan’s agreement to extend the ceasefire.

During intraday trading, the benchmark KSE-100 index surged 2,746.62 points, a 1.72% gain, closing at 159,479.49 points.

This came after a steep 1,732-point drop the previous day that had unsettled the market.

Friday’s recovery underscored the market’s resilience and suggested a more positive outlook, with investors closely watching economic indicators and corporate earnings.

Out of 439 companies trading, 360 posted gains, 64 saw losses, and 15 remained unchanged.

Analysts attributed the strong bounce to optimism surrounding the upcoming IMF Executive Board meeting, expected to review Pakistan’s Extended Fund Facility (EFF) programme, with hopes of smooth approval fueling market sentiment.

On Thursday, the KSE-100 had continued its bearish streak, losing 1,732.19 points (1.09%) to close at 156,732.87 points.

A total of 848.3 million shares were traded, down from 951.8 million the day before, while the total value of shares transacted fell to Rs37.61 billion from Rs41.31 billion.

Among 475 companies active in Thursday’s session, 148 gained, 293 declined, and 34 remained unchanged.

The Bank of Punjab led the volume chart with 84.182 million shares, followed by WorldCall Telecom with 50.188 million, and K-Electric Ltd. with 47.800 million shares.

In the gainers’ column, Supernet Technologies Limited increased by Rs118.17 per share to close at Rs1,602.56, followed by S.S. Oil Mills Limited, which gained Rs42.13 to close at Rs463.41.

Among the top losers, PIA Holding Company LimitedB witnessed a decrease of Rs333.33, closing at Rs23,966.67, while Unilever Pakistan Foods Limited declined by Rs297.14, ending at Rs28,633.75.



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Co-op boss quits after ‘toxic culture’ claims reported by BBC

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Co-op boss quits after ‘toxic culture’ claims reported by BBC


Co-op chair Debbie White said: “We thank Shirine for her leadership and for the significant contribution she has made to our Co-op, to our communities and to the co-operative movement during her tenure. The Board is grateful for her commitment and leadership, particularly during a challenging few years, and we wish her every success in the future.”



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Airfares likely to doubled as jet fuel price aurges to Rs417 in Pakistan – SUCH TV

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Airfares likely to doubled as jet fuel price aurges to Rs417 in Pakistan – SUCH TV



Air travel is all set to become highly expensive as the airlines are indicating at doubling the air ticket prices following a whopping increase in jet fuel rate.

The jet fuel price has rocketed to Rs417 from Rs388 per litre in Pakistan and the airlines have started to increase the airfares through enhancing fuel surcharge rates.

The airlines maintained the basic fare but added the fuel price surge into the fuel surcharge.

The one-way fare from Karachi to Islamabad and Lahore has shot up to Rs40,000 while air travel on chance seats for Islamabad and Lahore has soared by 150 percent.

Accordingly, the Pakistan International Airlines (PIA) has boosted the airfares by 10 to 100 dollars.

Domestic flights will now carry additional $10 fuel surcharge which on Canada routes extra $100 will be received as fuel charge.

Passengers on UK-bound flights to pay 75 dollars additional surcharge while 50 dollars will be received on Middle East routes.

Private airlines have gone a step ahead as they enforced charging additional 15 dollars to 150 dollars on different routes.

The airlines were under pressure after closure of many air routes with the airlines administrations are saying that extraordinary rise in airfares has become inevitable.

Earlier on Wednesday, Pakistan fuel NOTAM forced foreign airlines to tanker Jet A-1 fuel from abroad and limit uplift at Karachi and Lahore airports.

The Pakistan Airports Authority issued the order to protect local supplies amid supply disruptions.

Foreign carriers now arrive with enough fuel for their return flights while Pakistani airlines receive full requirements.

This change hit operations on March 25 when one Karachi-to-Doha flight diverted to Muscat.

The Pakistan fuel NOTAM A0147/26 took effect on March 13 and runs through March 31 2026. It targets Jinnah International Airport in Karachi and Allama Iqbal International Airport in Lahore.

Airlines follow the rule and carry maximum fuel on inbound legs. Officials confirm foreign airlines get only the minimum quantity inside Pakistan.

Pakistan fuel NOTAM creates immediate changes on the ground. Foreign airlines offload passenger baggage and cargo to stay within weight limits.

The extra fuel adds weight that reduces payload capacity on every affected flight.

According to a Notice to Airmen (NOTAM) issued by the PAA, the supply of aviation fuel at domestic airports has been significantly curtailed due to regional supply chain disruptions, advising international carriers to maximize their fuel “uplift” at foreign stations and minimize refuelling within Pakistan.

The directive has already begun to impact international flight schedules.



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NS&I set to pay millions to customers over misplaced funds

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NS&I set to pay millions to customers over misplaced funds



The government-backed bank has been accused of a series of errors, including not paying bereaved families money that was rightfully theirs.



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