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Market watch: KSE-100 gains 505.81 points, ends at new record high

KARACHI: Stocks returned to winning ways, bouncing back after a minor correction on Tuesday with the benchmark-100 index climbing 505.81 points and surpassing the 49,000-point level with ease. Led by financial, cement and auto scrips, the index ended at a new record high on Wednesday. At close, the Pakistan Stock …

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Fertiliser subsidy ends as Rs27bn fund utilised

ISLAMABAD: The government on Monday discontinued its fertiliser subsidy scheme for 2016-17, according to a notification issued by the Ministry of National Food Security and Research. The subsidy was being provided on urea, diammonium phosphate (DAP) and single superphosphate. Secretary National Food Security and Research Abid Javed told Dawn that …

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