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Hike in petroleum products consequences surface as inflation rate increases to 0.93 percent

Abuzar UsamaSeptember 22, 2023September 22, 2023

September 22, 2023September 22, 20230784

Karachi: The consequence of hike in petroleum products started to surface as a weekly inflation rate increased by 0.93 percent. With this inflation rate, yearly...

Govt starts implementing IMF conditions as it commences closing banks running at a loss

Abuzar UsamaSeptember 22, 2023September 22, 2023

September 22, 2023September 22, 20230661

Islamabad: The caretaker government has started implementation on the International Monetary Fund (IMF) conditions as it has taken action against three banks who are running...

Rupee appreciation continues in inter-bank and open market

Abuzar UsamaSeptember 22, 2023September 22, 2023

September 22, 2023September 22, 20230610

ISLAMABAD: Pakistani Rupee on Friday witnessed the 14th consecutive recovery session as it gained Rs 1.01 against the US dollar in the interbank trading and...

Bullish trend continues at PSX as it gains 219 points

Abuzar UsamaSeptember 22, 2023September 22, 2023

September 22, 2023September 22, 20230569

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday and gained 219.02 points, showing a positive change of 0.47...

Inefficient SOEs inflict Rs 500b loss to national kitty in 2022: Shamshad Akhtar

Abuzar UsamaSeptember 21, 2023September 21, 2023

September 21, 2023September 21, 20230705

ISLAMABAD: Owing to inefficiencies and mismanagement, the deficient State-Owned Enterprises (SOEs) incurred overall losses of around Rs 500 billion to the national exchequer during last...

Recovery of Rupee continues as it gains Rs 1.11 against US Dollar

Abuzar UsamaSeptember 21, 2023September 21, 2023

September 21, 2023September 21, 20230655

ISLAMABAD: Pakistani Rupee on Thursday witnessed 13th consecutive recovery session as it gained Rs 1.11 against the US dollar in the interbank trading. The dollar...

PSX grips bullish trend as it gains 312 points

Abuzar UsamaSeptember 21, 2023September 21, 2023

September 21, 2023September 21, 20230654

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and gained 312.55 points, showing a positive change of 0.68 per cent,...

Over invoicing of Rs 69 billions revealed in import of solar panel

Abuzar UsamaSeptember 21, 2023September 21, 2023

September 21, 2023September 21, 20230816

Islamabad: An over invoicing of Rs 69 billions has been revealed in an import of solar pannel. Federal Board of Revenue (FBR) apprised the senate...

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PSX declines by 20.89 today

Abuzar UsamaSeptember 20, 2023September 20, 2023

September 20, 2023September 20, 20230656

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) declined by 20.89 points on Wednesday, showing a negative change of 0.05 per cent, closing at...

Rupee witnesses 12th consecutive recovery session as it gains Rs1.02 against dollar in interbank

Abuzar UsamaSeptember 20, 2023September 20, 2023

September 20, 2023September 20, 20230594

Karachi: Pakistani Rupee on Wednesday witnessed 12th consecutive recovery session as it gained Rs1.02 against the US dollar in the interbank trading and closed at...

Dollar rates in Open Market turn puzzle

Abuzar UsamaSeptember 20, 2023September 20, 2023

September 20, 2023September 20, 20230593

Karachi: The USA dollar rates on Wednesday became a riddle as difference of Rs 1 erupted in open market between Exchange Companies Association (ECA)and Forex...

Oil Tanker Association closes country wide distribution of oil over hike in petroleum products

Abuzar UsamaSeptember 19, 2023September 19, 2023

September 19, 2023September 19, 20230704

Islamabad: All sections of life have been staging protest over an uptick in petroleum products. Oil Tanker Association has closed distribution of oil all around...

Bullish trend witnessed at PSX as it gains 49.67

Abuzar UsamaSeptember 18, 2023September 18, 2023

September 18, 2023September 18, 20230749

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) on Monday gained 49.67 points, a positive change of 0.11 percent, closing at 45,803.19 points. A...

Petrol Diesel Aftershocks: Transporters increase fares high handedly around the country

Abuzar UsamaSeptember 16, 2023September 16, 2023

September 16, 2023September 16, 20230791

Karachi\Lahore\Rawalpindi\Quetta: After an increase in petroleum prices aftershocks started as transporters high handedly raise the fares. The fares have seen uptick of 15 to 20...

Caretaker govt completely failed to provide relief to masses

Abuzar UsamaSeptember 16, 2023September 16, 2023

September 16, 2023September 16, 20230771

Islamabad: The caretaker government completely failed to provide relief to people of the country as in just one month prices of petrol and diesel increased...

Strict drive against power theft in the country yielding fruitful results: Muhammad Ali

Abuzar UsamaSeptember 16, 2023September 16, 2023

September 16, 2023September 16, 20230639

Islamabad: Caretaker Minister for Energy, Power and Petroleum, Muhammad Ali has said that the interim government has launched a strict drive against power theft in...

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Bullish trend witnessed today at PSX it gains 59 points

Abuzar UsamaSeptember 15, 2023September 16, 2023

September 15, 2023September 16, 20230672

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) on Thursday gained 59.13 points, a positive change of 0.13 percent, closing at 45,650.06 points. A...

OGRA prepares summary to uptick petrol price by Rs 20 per liter

Abuzar UsamaSeptember 14, 2023September 14, 2023

September 14, 2023September 14, 20230728

Islamabad: The Oil and Gas Regulatory Authority (OGRA) has prepared a working paper for un uptick in petroleum products. The OGRA has suggested a Rs...

US dollar reverse gear continues in both open and Inter-bank markets

Abuzar UsamaSeptember 14, 2023September 14, 2023

September 14, 2023September 14, 20230789

Karachi: The US dollar reverse gear continued on Thursday as it decreased by Rs 3 in open market while the greenback also reduced in inter-bank...

SBP announces monetary policy for next two moths, retains interest rate at 22 percent

Abuzar UsamaSeptember 14, 2023September 14, 2023

September 14, 2023September 14, 20230671

Karachi: State Bank of Pakistan on Thursday announced monetary policy for next two months. The SBP Monetary Policy Committee (MPC) has decided to retain interest...

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