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Multiple cities in Pakistan, including Karachi and Rawalpindi, experienced significant gas shortages during the first sehri of Ramzan, causing disruptions in pre-dawn meal preparations. Despite promises of uninterrupted supply from gas companies, many households struggled, with some resorting to hotels for food. The shortages have raised concerns about the reliability of gas supply throughout the holy month.
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Although the primary market is currently quiet, analysts remain optimistic about the long-term outlook. Around 1,000 IPOs are expected to launch over the next two years, with prominent companies like Zepto, LG India, and Reliance Jio preparing to go public.
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Saas company Excelsoft Technologies has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise Rs 700 crore through an IPO.
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News and Media
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