Australian shares rose to a six-week high on Monday, driven by gains in index heavyweight financials and gold stocks, while Wall Street’s strong rally at the end of last week also lifted investor sentiment. The S&P/ASX 200 index climbed 0.3% to 9,017.20 by 2338 GMT, crossing the 9,000 key psychological level for the first time since August 25.Financials rose 0.5%, with top lender Commonwealth B
The Khyber Pakhtunkhwa government has decided to challenge the imposition of federal taxes on the transfer of immovable property in the province in the Supreme Court of Pakistan. Approval in this regard was granted in 39th meeting of the Khyber Pakhtunkhwa cabinet held here with Chief Minister Ali Amin Khan Gandapur. Besides, members of the cabinet, chief secretary, additional chief secretar
Prices of essential food commodities remained firm in the retail market. Most of the daily kitchen items, essentially sugar, cooking oil, flour, pulses, vegetables, live chicken/meat and other sky-high in the retail market, said in a weekly market survey carried out by Business Recorder here on Sunday. Live chicken/meat and products prices remained unchanged whereas farm eggs were being sold
Three hydropower projects initiated under the supervision of the Provincial Energy Development Organization (PEDO) will start producing 330 megawatt (MW) electricity within next two years. Secretary Energy and Power, Khyber Pakhtunkhwa, Mohammad Zubair has said that work is also underway on three hydropower projects in Swat. The projects of 330 MW capacity will start production in next two year
The Pakistani rupee gained against the US dollar, appreciating 0.06% during Monday’s opening hours of trading in the inter-bank market. At 10:10am, the currency was hovering at 281.10, a gain of Re0.16 against the greenback. During the previous week, the Pakistan rupee posted a marginal gain as it appreciated by Re0.11 or 0.04% against the US dollar in the inter-bank market. The local unit c