Business 
The Pakistan Stock Exchange gained 0.88 per cent on Tuesday to close at 164,467 points, extending its recovery.
Sentiment improved after the State Bank raised its policy rate by a smaller-than-feared 50 basis points to 12 per cent, and on diplomatic efforts to ease the US-Iran conflict.
Cement, automobile and banking shares led the gains.
https://voiceofsindh.live/psx-rally-164467-peace-optimism/
The government has cut the price of petrol by Rs3.19 per litre to Rs376.06 and raised high-speed diesel by Rs2.25 to Rs398.07, effective October 28.
The National Executive Committee on anti-money laundering and terror financing has raised the threshold for banks' currency transaction reports from Rs2 million to Rs3 million.
Federal Power Minister Awais Leghari says the government is working to end the rule under which households that cross 200 units in a month are billed at higher rates for the next six months, even if they go over by a single unit. The issue was raised by PML-N Senator Abid Sher Ali.
The State Bank of Pakistan's monetary policy committee raised the key policy rate by 50 basis points to 12 per cent on Monday.
Some cross-border trade between Pakistan and Iran has resumed after Pakistan suspended cargo traffic at the Gabd-Rimdan and Taftan crossings in Balochistan on October 17, citing security risks.
Deputy Prime Minister Ishaq Dar has ordered urgent steps to bring down rising wheat prices.
