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LSE loses 31.47 points

LAHORE: The Lahore Stock Exchange (LSE) ended on a bearish note on Monday. The LSE 25-shares index finished at 2,386.96, losing 31.47 points as on last Thursday market was closed at the level of 2,418.43 points. The volume of market remained at 10.99 million shares, 3.34 million less than Thursday’s turnover of 14.34 million shares.[…]

Punjab PSMA threatens to stop crushing

LAHORE: Pakistan Sugar Mills Association, Punjab Zone, has expressed concern over crackdown on sugar dealers in the province, and warned if the operation is not stopped, the mills will not to go in to crushing during the next season. “If the operation is not stopped, we will not supply the commodity on lower rates to[…]

Rain provides load shedding relief

LAHORE: The city faced lesser load shedding as the Lahore Electric Supply Company’s (LESCO) shortfall decreased due to pleasant weather after rain on Monday. Fewer power outages were reported on Saturday and Sunday while there has been no power suspension for the past three nights.

DCO announces 29 Ramzan Bazaars

LAHORE: The district government will set up 29 Ramzan Bazaars in the city to ensure the availability of cheap food items, a private TV channel quoted District Coordination Officer (DCO) Sajjad Ahmad Bhutta as saying on Monday. According to the channel, the DCO told a meeting at his office that the administration would provide Iftar[…]

Drastic measures needed to alleviate poverty

THE Punjab government is trying to alleviate poverty in the province without realising that the poor cannot get out of poverty traps without state help. Poverty becomes a trap when a vicious cycle undermines the effort of the poor to improve their lots. The Punjab government would have to take remedial steps to help the[…]

Rain brings relief from power outages

LAHORITES had respite from load shedding on Saturday and Sunday thanks to rain and pleasant weather.People welcomed the change and praised the PEPCO and the LESCO for giving relief to citizens facing the power crisis. They said the PEPCO should be credited for a hiatus in power outages even though it was the pleasant weather[…]

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