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Capital’s rural area schools getting a facelift
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SUKKUR: Khairpur police claimed to have arrested two members of an interprovincial gang of arms dea
SUKKUR: Khairpur police claimed to have arrested two members of an interprovincial gang of arms dealers with a big consignment of ammunition concealed in secret chambers of their car during checking of vehicles at Ranipur toll plaza on Thursday evening. Police officials said that DSP CIA Imdad Ali Solangi along with his team started snap- checking of vehicles at the toll plaza on National Highway after receiving a tip-off and arrested Mohammad Zahid Fayyaz Jat and Mohammad Shahid Fayyaz Jat, residents of Toba Tek Singh, Punjab, along with the ammo. They said that police had impounded their car (No- AJA 029) with a large amount of cartridges worth millions of rupees. “We have lodged an FIR (No.120 /2024) under Section 23(1) a, d, e & 27(b) Sindh Arms Act,” they said.
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Recommended Reads said the KSE-100 index experienced a bullish week, driven by anticipation of $7bn from the IMF Executive Board, for which a meeting is scheduled on Sept 25. Moreover, the first rate cut of 50bps by the US Fed since 2020 boosted market participation across Asian markets, including local bourses. The Large-Scale Manufacturing Industries (LSMI) output witnessed an increase of 2.4pc year-on-year in July, while on month-on-month, it shrank by 2.1pc. After four months, the country posted a current account surplus of $75m in August. The government rejected all bids in the T-bill auction on Wednesday. Moreover, the Pakistan Investment Bonds auction witnessed a , ranging from 190-335bps across all tenors. The State Bank of Pakistan’s foreign exchange reserves increased by $43m, reaching $9.5bn. Furthermore, the rupee appreciated 0.12pc against the dollar to Rs277.81. As a result, the market closed at 82,074.45 points, marking an increase of 2,741 points or 3.5pc week-on-week. Sector-wise positive contributions came from commercial banks (1,139 points), exploration and production (637 points), fertiliser (631 points), cement (161 points) and oil and gas marketing companies (74 points). Meanwhile, the sectors that mainly contributed negatively were refinery (30 points), engineering (29 points) and glass and ceramics (24 points). Scrip-wise positive contributors were Mari Petroleum (567 points), Fauji Fertiliser Company (324 points), Meezan Bank Ltd (304 points), Engro Fertiliser (287 points), and MCB Bank (278 points). Meanwhile, scrip-wise negative contributions came from National Bank of Pakistan (33 points), Pakistan Petroleum Ltd (29 points), DGKC (27 points), Fauji Fertiliser Bin Qasim (23 points) and Tariq Glass Industries (22 points). Aggressive selling by foreigners clocked in at $23m compared to a net sell of $7.5m last week. Major selling was witnessed in fertiliser ($9.8m), E&P’s ($6.1m) and banks ($2.8m). On the local front, buying was reported by mutual funds ($15.5m), followed by individuals ($4.4m) and banks ($3.3m). The average volume dipped 22.6pc to 469m shares while the value traded jumped 20.9pc to $66m week-on-week.
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