KARACHI: Concerns about the economic outlook intensified following the announcement of a gas tariff increase for captive power plants (CPPs), which was prompted by the visiting International Monetary Fund (IMF) mission.

As a result, the Pakistan Stock Exchange (PSX) experienced renewed selling pressure, leading to the benchmark index’s third consecutive negative closing on Wednesday.

The government notified 23pc hike in gas tariff for CPPs, which will undoubtedly push production costs and hurt the export-oriented segment of the economy, especially the........

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