PSX Surge over 1,000 points after MSCI adds 15 more Pakistani companies

PSX Surge over 1,000 points after MSCI adds 15 more Pakistani companies

During Friday’s opening trading hours, the Pakistan Stock Exchange (PSX) increased by 1,000 points to approximately 48,900. After global stock market index provider Morgan Stanley Capital International (MSCI) announced that a record 15 Pakistani listed businesses would be included in its MSCI Frontier Market Index, the market attracted a significant amount of fresh buying from … Read more

Siemens Mobility to Deliver 28 Mireo Trains for Digital Node Stuttgart

Siemens Mobility to Deliver 28 Mireo Trains for Digital Node Stuttgart

For the Digital Rail Germany (DSD) Digital Node Stuttgart pilot project, Baden-W├╝rttemberg will receive 28 three-car electric Mireo regional trains from Siemens Mobility. The newest digital technology, such as Level 2 (GoA 2) Automatic Train Operation (ATO) and the automatic European Train Control System (ETCS), will be installed in the trains. The Mireo units will … Read more

SSGC consumers to face gas shortage for around 15 days

SSGC consumers to face gas shortage for around 15 days

ISLAMABAD-Sui Southern Gas Company Limited (SSGC) customers will face a gas shortage for approximately 16 days (August 12-27), as the company’s supplies will be significantly impacted by yearly maintenance and shutdown at the gas field. According to an SSGC spokesperson, the shutdown will cause a 107 mmcfd shortage over the entire Annual Turnaround Plan (ATA) … Read more

Ex-diplomat claims Jalil Abbas to become caretaker prime minister

Ex-diplomat claims Jalil Abbas to become caretaker prime minister

Former Pakistani diplomat Abdul Basit claims that Ambassador (R) Jalil Abbas Jilani has been appointed as Pakistan’s caretaker prime minister. Aaj News sources in Islamabad confirmed the claim, saying Jilani was a strong contender for the caretaker prime minister job. They also said he arrived at the Prime Minister’s House on Wednesday afternoon. According to … Read more