Rupee appreciates in both inter-bank and open market today
Karachi:Pakistani rupee on Wednesday appreciated by 05 paisa against the US dollar in the interbank trading and closed at Rs 278.22 Similarly, the greenback also...
PSX remains bearish on consecutive second day as loses 3,790 points
Karachi: The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Wednesday, today, losing 3,790.40 points, closing at 111,070.29 points. As many...
Gold price upticks by Rs 1000 per tola
Karachi: Gold prices once again increased on Wednesday, today by Rs 1000 after which per tola gold price climbed to 2, 75,900. On the other...
Public sector companies in Pakistan profits by earns 102 Billion
Web desk: Pakistan’s public sector companies have earned a profit of Rs 102 billion in the first half of the last financial year. Performance of...
OGRA approves significant hikes in gas prices
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has approved significant increase in gas prices across the country. As per report, the decision, sent to...
Pakistan’s Current Account Surplus of $940 Million in First Five Months of Fiscal Year
ISLAMABAD: Pakistan’s current account recorded a surplus of $720 million in November and $940 million in the first five months of the fiscal year. According...
Cut in interest rate to help boost investment in country: PM
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday said the central bank’s announcement of cut in the interest rate by 2% to 13% will help...
Chinese investors announce investment in transport sector : Sharjeel Memon
Karachi: Senior Minister Sindh Sharjeel Memon said that we wanted to bring China EV taxis and more buses under Public Private partnership. Addressing a presser...
Gold price further decrease by Rs.2100 per tola
KARACHI: The rate of gold decreased again in Pakistan by Rs.2100 per tola to Rs.274,900 As per All Pakistan Gems and Jewelers Association, the rate...
Dollar rate further increase by 10 Paisa
KARACHI: The rate of dollar increased again in the Interbank by 10 Paisa According to the State Bank of Pakistan , the rate of dollar...
After several days of robust trend, PSX turns bearish as it lost 1,308 points
Karachi:After several days of robust trend at the Pakistan Stock Exchange (PSX) turned bearish on Tuesday as the 100-Index lost 1,308.72 points, closing at 114,860.69...
100 index touched the limit of 171,000 points
Karachi: 100 Index in Pakistan Stock Market crossed the limit of 171,000 points. On the second day of the business week, the stock exchange witnessed...
Pakistan’s foreign remittances increases by 34%: Bloomberg Reports
ISLAMABAD: Inflow of foreign remittances to Pakistan by the overseas Pakistanis have witnessed a significant increase of thirty-four percent during the first five months of...
Dollar rate increase by 5 paisa
KARACHI: The rate of dollar increased by 5 paisa in Inter Bank According to the State Bank of Pakistan, the rate of dollar increased by...
PM welcomes reduction in policy rate by SBP
Islamabad: Prime Minister Muhammad Shehbaz Sharif has welcomed the two percent reduction in the policy rate by the State Bank of Pakistan. In a statement...
Punjab Business council to play vital role between Pakistan and China: Maryam Nawaz
Beijing: Chief Minister Punjab Maryam Nawaz has said that Punjab Business council (PBC) will play a vital role between Pakistan and China. Chief Minister said...
Gold price slightly decreases by Rs 800 per tola
Karachi: The price of gold in Pakistan decreased by a slight Rs 800 on Monday, reflecting global market trends. In the local market, the price...
PSX achieves another milestone as 100 Index crosses 116,000 bench mark
Karachi: The Pakistan Stock Exchange (PSX) achieved another milestone on Monday, surpassing the 116,000-point mark for the first time during early trading. The 100-Index of...
SBP reduces interest rate by 2 percent as it announces monitory policy
Karachi: State Bank of Pakistan (SBP) on Monday announced a monitory policy in which interest rate has been slashed by two percent. After decreasing of...
Govt decreases High speed diesel, light speed diesel, kerosene oil for next fortnight
Islamabad:The Government has decreased prices of petroleum products for next fortnight. The price of Petrol will remain unchanged at 252 rupees per liter while the...
Honda CG 125 price changed
KARACHI: Honda CG 125 price has changed, Honda has expanded its CG 125 motorcycle lineup in Pakistan by introducing new variants, including the self-start and...
FBR to implement Faceless Customs Assessment system at Karachi from today
ISLAMABAD:Under the Transformation Plan, the Federal Board of Revenue (FBR) is going to implement the Faceless Customs Assessment (FCA) System from 15th of December, 2024,...
ADB will provide $330m for Pakistan’s social protection programs
ISLAMABAD: The Asian Development Bank will provide three hundred and thirty million dollars in financing to bolster Pakistan’s social protection programs under the ongoing Integrated...
Pakistan Stock Exchange experiences volatile trading on final day of the week
Karachi: Pakistan Stock Exchange sees significant volatility in the last day of business, market closes at 114,301 with the gain of 121 points. On the...
KSE-100 Index surges by 121.30 points, to close at 114,301.80 points
Karachi: The capital market witnessed a robust session on Friday, with the KSE-100 Index surging past the historic 115,000-point mark for the first time ever...
Residential areas turning into commercial ventures in Capital City
ISLAMABAD: The Capital Development Authority (CDA) must take notice of turning the residential areas into illegal commercial ventures like hostels, clinics and even international media...
Petrol prices likely to slightly go up, high speed diesel to decrease for next 15-days
Islamabad: It is likely that petrol prices will go up 80 paisa for next fortnightly of December 2024. On the other hand it is expected...
Huge Rs 5000 per tola decrease in Gold prices
ISLAMABAD: After continued hike, the price of 24 karat per tola gold decreased by Rs.5,000 and was sold at Rs 277,800 on Friday , All...
CM Punjab decides to transform Lahore into first state of smart city in collaboration with Huawei
Shanghai: Punjab Chief Minister Maryam Nawaz Sharif has visited Huawei Technologies in the Longgang district of Shanghai. During the visit, it was decided, in collaboration...
Sharp decline in stock market on last day of business week
Karachi: 100 index looses 1216 points in the last day of business week. Stock market experienced a sharp decline at the end of the business...
Pakistan to align financial system in line with Shariah rules: FM
ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that Pakistan remains firm in its commitment to transforming the financial system in line with Shariah principles. While...
OICCI report reflects foreign investors’ confidence in Pakistan: PM
Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over the recent report of Overseas Investors Chamber of Commerce and Industry, saying the report reflects...
U.S dollar rate slightly up by 6 paisa
KARACHI: The United State dollar rate increased by 6 paisa in Interbank to Rs.278.23 According to the State Bank of Pakistan, the rate of dollar...
Elon Musk becomes first to have 400 billion dollar of wealth
California: Elon Musk, the world’s richest person, briefly became the first to have a net worth surpassing $400 billion. The 400 billion dollar mark —made...
PSX set history as KSE 100 Index crosses 114,000 points for first time
Karachi: The Pakistan Stock Exchange (PSX) on Thursday, today once again turned historic as the KSE-100 Index zooming past the 114,000-point mark for the first...
Gold prices increase further by Rs 2,300 per tola
Karachi:The price of 24 karat per tola gold increased further by Rs.2,300 and was sold at Rs 282,800 on Thursday, All Sindh Sarafa Jewellers Association...
Chinese business delegation, led by Chinese CG in Karachi calls on President Zardari
Karachi: President Asif Ali Zardari has called for greater Chinese investment in diverse sectors of Pakistan’s economy. He expressed these views while talking to a...
Stock Market Rallies 2661 Points to End at 1,34,331
Karachi: 100 index further crossed the third limit of positivity on 1,13431 by adding 2661 points. On the fourth day of the business week, the...
PSX regains bullish trend today as it gains 1,913 points
Karachi: The Pakistan Stock Exchange (PSX) regained bullish trend on Wednesday, today gaining 1,913.57 points, closing at 110,810.22 points. A total of 1,080,023,483 shares were...
Huge surge in Gold prices as Rs 3100 uptick on per tola
Karachi: Gold prices continue to rise, and today too, a huge increase of Rs.3,100 per tola has been seen in the price of gold on...
Sugar prices witness uptick of Rs 10 to Rs 15 as it sell on Rs 140 to Rs 150
Karachi: Prices of sugar has uptick of more than Rs 10 . The ex-mill rates of sugar has climbed to Rs 125 from Rs 115...
Pakistan Stock Exchange goes on speedy with One lakh One thousand points
Karachi: After the sharp decline in stock market, 100 Index again touched the level of 111,000 points. On the third day of the business week,...
FBR retracts restrictions on bringing multiple mobile phones
ISLAMABAD: The Federal Board of Revenue (FBR) has retracted its earlier notification proposing restrictions on passengers bringing more than one mobile phone from abroad. FBR...
Dollar rate hiked by 7 paisa in Interbank
KARACHI: The rate of dollar increased by 7 paisa in the Interbank to Rs.277.98 According to the State Bank of Pakistan, the rate of dollar...
PSX after remaining bullish for two weeks turns bearish today as it loses 1,073 points
Karachi: After two weeks of remaining bullish Pakistan Stock Exchange (PSX) on Tuesday today, the 100-Index turned around to bearish trend losing 1,073.74 more points,...
Price of gold per tola increases by Rs 1,000
Karachi:The price of gold in the country continues to fluctuate and its per tola rates increased on the second day of the business week. According...
PM expresses satisfaction over record increase in remittances
Islamabad: Prime Minister Shehbaz Sharif has expressed satisfaction over record increase in remittances and the reduction in the weekly inflation rate to 3.57 percent. Chairing...
IMF’s major demand for pension scheme for in-service employees
Islamabad: The IMF has demanded to bring the serving employees into the contribution pension scheme. According to Finance Ministry sources, the IMF has demanded that...
Pakistan Stock Exchange sees on remarkable surge
Karachi: 100 index hits high record by adding 1327 points. Pakistan Stock Exchange continued its upward trajectory, with the 100 Index soaring by 1,327 points...
FBR imposes sewn up ban over bringing commercial quantities of goods.
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new notification imposing a complete ban on bringing commercial quantities of goods from abroad, allowing...