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PSX surges for 3rd week on political clarity, IMF statement – Pakistan Observer

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Pakistan Stock Exchange (PSX) remained on an upward slide for the third consecutive week, with the benchmark KSE-100 Index gaining 468.07 points (+0.72 percent) to close the week at 65,793.75 points.

The main factors behind this gain were formation of a new government, which ended political uncertainty in the country, and positive statements from the International Monetary Fund (IMF). Moreover, Pakistan’s bonds rallied in the international market and inflation came down to 23.1 percent in February from 28.3 percent a month ago. Those positive factors provided the required trigger to the stock market.

During the week under review, the bourse turned towards north on Monday and gained 626 points. The experts said that buying came as political volatility in the country cooled off, as Shehbaz Sharif was elected a day earlier as the prime minister of Pakistan for a second term by securing 201 votes. Stocks faced pressure from economic headwinds on Tuesday and lost over 200 points as market players were worried about the future course of the economy.

The KSE-100 index remained under selling pressure on Wednesday and Thursday too and shed 69 points and 53 points respectively, because of doubts about potential negotiations with the IMF for a new loan programme of $6-8 billion. The stocks endured highly volatile trading and closed slightly lower owing to fears about economic recovery and the cautious stance ahead of the monetary policy announcement.

However, the benchmark index modestly rose by 190 points on Friday where investors cheered the IMF’s willingness to negotiate a new programme to help Pakistan address its economic woes.

According to a note by AKD Research, the market started the week on a positive note and gained one percent on the opening day. However, as the week progressed, profit-taking activities ensued, tempering some of the initial gains.

As newly sworn-in Prime Minister Shehbaz Sharif issued immediate directives to his team to fast-track engagement with the International Monetary Fund (IMF) and accelerate privatisation process of loss-making state-owned enterprises (SOEs), it set a stage for an initial positive impetus for the week.

The IMF also started rolling out new recommendations and is poised to unveil more with the appointment of the finance minister. The Shehbaz-led coalition government’s next major task will be to smoothly navigate the second review of the stand-by agreement (SBA), set to expire in April 2024. The IMF has shown its readiness to work with the new government and send a mission to Pakistan for a second review of the SBA shortly after the formation of the new cabinet.—TLTP

Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

 

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Gold prices reach historic high in Pakistan – Pakistan Observer

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