Price hike driven by rupee’s free fall, increase in petroleum rates

Major foreign indirect shareholder seeks direct proprietorship in company

Local currency crosses psychological barrier of 300 per dollar for first time

Attributes drop to circular debt, jump in cost of products sold

It comes following ban on imports by durable goods manufacturing industry

More demand for dollar comes from payments to airlines, profit repatriation

Traders make pending payments, USD strengthens in global market

Cement-maker expects to save half a billion rupees each year

Foreign inflows into PSX and debt market surge 19% or Rs54b

Deficit stands at $809m for July compared to surplus in past four months