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LHC allows markets to remain open till midnight until Eid

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LHC

LAHORE: The Lahore High Court(LHC) allowed the market to open till 12 midnight and till 1 am on Saturdays and Sunday during Ramadan.

Justice Shahid Karim of Lahore High Court heard the petitions filed for the remedy of smog, in which the court took notice of the incident of misbehavior of a restaurant owner with the judicial commission staff and at the same time the court asked the restaurants for a parking plan.

Justice Shahid Karim said that on the next hearing, “I will summon this restaurant owner to the court, we are working for improvement and everyone should cooperate in this”.

The member judicial commission told the court that trucks of dead chickens arrive in Tollinton market in the morning, dead chicken meat is used in shawarma for Rs 30, health department and food authority have started raids while water from tanneries is spreading in Kasur and no measures are being taken.

On this occasion, Lawyer of Tanneries Association said association is working with  Commissioner and Deputy Commissioner in this regard.

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Energy conservation plan: Markets to close by 8:30pm, halls by 10pm

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The Federal Cabinet approved the energy conservation plan Markets and halls to close by 8:30 pm and 10 pm Energy-saving plan will be implemented across country ISLAMABAD: The Federal Cabinet approved the energy conservation plan and has decided to close the markets and marriage halls at 8:30 pm and 10 pm respectively. According to the … Read more

Asia stock markets slide on US interest rate fears

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Asia stock

After the head of the US central bank declared it would keep raising interest rates to combat rising prices, shares in Asia decreased. The Federal Reserve’s policies, according to Jerome Powell, will hurt “certain households and companies.” On Monday, the Nikkei 225 index of Japan decreased by 2.7% in value. After the head of the … Read more

After signing IMF deal, Pakistan intends to gather around $10b in loans

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IMF

The IMF blatantly ignored the rising inflation in its statement on the occasion of reaching a staff level agreement with Pakistan. The accumulation of circular debt of Rs850 billion has shocked policymakers and set off alarm bells. Overall, there are signs that Islamabad may secure $10 billion in dollar loans from multilateral creditors. The IMF … Read more

UK markets brace for prolonged political uncertainty

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UK

The pound fell to levels not seen in more than two years, but British stocks rose. Analysts attributed the gains to expectations for increased government spending. The pound increased by 0.3 percent compared to an overall lower euro on Wednesday. As investors watched to see if the new finance minister loosens the purse reins and pondered … Read more

Sindh Govt. lifts ban on closure of markets at 9PM

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Sindh

Sindh government lifts ban on marketplaces closing early in advance of Eidul Adha. Markets and bazaars can stay open till 9 p.m. until July 10. Punjab’s chief minister says decision was made to assist general public and business community. The Sindh government on Sunday abolished the prohibitions against the province’s marketplaces closing early in advance … Read more

Is the worst over for markets? No one can say

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markets

Between January and June, the S&P 500 fell 20.6 percent, marking its worst start since 1970. Concerns about how forceful central banks will need to be to contain inflation have increased. Lockdowns on the coronavirus in China have also increased anxiety. Few investors will have had a more difficult start to a year than the … Read more

Punjab govt lifts restrictions on early closure of markets till Eid

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LAHORE: The Punjab Government has lifted restrictions imposed on the early closure of markets ahead of Eid-ul-Azha. Punjab Chief Minister Hamza Shehbaz has lifted the ban on closing of markets and bazaars at 9PM across the province to facilitate the people and business community. In a statement in Lahore, he said this decision is being … Read more

Air Canada shares fall after transporter cuts homegrown flight plan

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Air Canada

Portions of Air Canada (AC.TO) shut down 6% on Thursday after the transporter managed its homegrown flight plan this mid year, as North American carriers grapple with work deficiencies, deferrals and retractions as movement bounce back. Air Canada is more modest secretly held rival, WestJet Airlines, said it previously wanted to work 25% less trips … Read more

Markets promise more swings in Treasury and question the Fed’s schedule

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Fed's

Traders challenge the Federal Reserve’s projections for how far it will tighten monetary policy. At issue is the expected high-water mark for the Fed’s rate-hiking cycle. That number has fluctuated over the last several weeks, ramping up Treasury market volatility.  Money markets now reflect expectations of rates topping out at nearly 3.6% by next March. … Read more

European equities extend gains at open

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European equities

The benchmark FTSE 100 index in London reached 7,148.03 points on Tuesday, representing an increase of 0.4 percent. Frankfurt’s DAX rose by 0.9 percent to 13,381.65 points within the eurozone. The Paris CAC 40 rose by 1.2 percent to 5,989.52 points. European equities markets surged more in early trading, echoing gains across Asia as markets … Read more

Bangladesh govt decides to close shop, markets at 8 pm

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bangladesh

Bangladesh’s prime minister orders all businesses, markets and markets to close at 8 p.m. daily. The announcement is to save energy and power because energy prices are going up around the world. Prime Minister Sheikh Hasina issued the directive in a Friday evening memo. Prime Minister of Bangladesh, Sheikh Hasina, has instructed all relevant parties … Read more

Wall Street stocks bounce ahead of Fed decision

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Wall Street

US retail sales fell 0.3 percent in May to $672.9 billion, as rising fuel prices and other factors. Report comes ahead of the US central bank’s policy announcement later Wednesday. Many think a rate hike will result in a 75-basis-point increase after weeks of a smaller increase. Wall Street stocks opened higher on Wednesday, despite … Read more

Markets track Wall St plunge on inflation woes, dollar rallies

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Markets

Markets fall in Asia on Monday, extending a global decline. US inflation data fuels hopes of more aggressive Federal Reserve interest rate hikes. More restrictions in China’s biggest cities also weigh on oil prices amid concerns over the world. Markets fell in Asia on Monday, extending a global decline, as the dollar rose after a … Read more

Why is there a cryptocurrency meltdown today?

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cryptocurrency

Cryptocurrency markets hit a new low for the year. The worldwide market cap has fallen below $1 trillion to $977 billion. Almost every major coin is now worth half or less of its all-time high. Cryptocurrency markets hit a new low for the year. The worldwide market cap has fallen below $1 trillion to $977 … Read more

The yen continues to fall, while the euro remains stable

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yen

The yen has been weighed down by rising interest rates around the world. It is nearing the 135.20 per dollar mark, which would be its lowest since 2002. The euro was little changed at $1.07130 on Thursday, having moved very little this week. The yen dropped to a 20-year low on the dollar on Thursday, … Read more

Stocks rise as a result of the target inflation angle, but bond yields fall

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target

Target (TGT.N), a major retail chain, cut its quarterly profit margin forecast and said it would mark down prices in the second quarter in a surprise revision that sent shares of the retailer 2.31% lower. Treasury yields fell after a surprise rate hike in Australia. The world offers bounced back on Tuesday on the thought … Read more

Britain makes crypto technology a priority for streamlining markets

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Crypto

Britain will launch a financial market infrastructure “sandbox” next year for testing DLT projects under control of regulators. The sandbox is a testing environment for projects involving real customers. A new financial services bill currently before parliament will include the sandbox, as well as regulation for stablecoins. Britain will begin live testing of crypto blockchain … Read more

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