Dollar takes reverse gear in inter-bank, open market as SA deposits $2 billion with SBP
Karachi : After Suadi Arabia deposited $2 billion with State Bank of Pakistan (SBP) the US dollar took reverse gear on Tuesday as Pakistani Rupee...
PSX Bullish trend continues as market gains 570 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 570.67 points, A total of 555,100,181 shares were traded...
PM expresses deep gratitude to KSA for depositing $2b with SBP
Peshawar: Prime Minister Shehbaz Sharif has expressed his deep gratitude to Kingdom of Saudi Arabia for depositing two billion dollars with the State Bank of...
After sugar now flour prices increased by Rs 10 and Rs 20 in Karachi
Karachi: After sugar mafia now it comes flour mafia as prices of flour increased by Rs10 and Rs 20 The prices of 2.5 number flour...
Fitch ratings Upgrades Pakistan long term foreign currency issuer default fating( IDR)to CCC
ISLAMABAD, Jul 10 (APP): Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘CCC-‘. Federal Minister for Finance and Revenue,...
Per tola, Per 10 gram prices of Gold Increased
Karachi: Per tola gold increased by Rs 800 while after this increase the per tola climbed to Rs 2,09000. On the other hand 10 gm...
Dollar appreciated in inter-bank and open Market
ISLAMABAD: Pakistani Rupee on Monday witnessed Rs1.91 devaluation against the US Dollar (USD) in the interbank trading and closed at Rs 279.80 against the previous...
PSX gains 377.82 points as market remained bullish
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 377.82 points. A total of 440,221,059 shares were traded during...
Sugar prices increased by Rs 25 in one week
Karachi: Sugar prices just a span of one week increased by Rs 25 After increase now sugar is being sold on Rs 145 in retail...
NEPRA increases electricity price by Rs 1.24
Islamabad: National Electric Power Regulatory Authority (NEPRA) has increased prices of electricity by Rs 1. 24 . The measures have been taken for three month...
Market being traded at 44, 569 points as 365 points added in PSX Index
Karachi: There is a positive trend in 100 Index of PSX on first day of the week as 365 points added in the market. After...
Dollar price appreciated in Inter-bank by Rs 2
Karachi: Dollar price appreciated in inter-bank market on Monday by Rs 2. 10 and now it is being traded at Rs 280. On the other...
Weekly inflation up by 0.70pc
KARACHI: The weekly inflation rate increased by 0.70 percent, reaching overall 28.55 percent as assessed by the Sensitive Price Indicator (SPI). According to Pakistan Bureau...
US dollar depreciated in inter-bank, open market today
Karachi: The US dollar today once again declined by Rs 0.37 and Rs 1 respectively in interbank and open market. After reduction of Rs 0.37...
After two days of declining streak, dollar started to rise again in inter-bank, open market
Karachi: After declining streak of last two days, dollar price started to rise as Rs 1.97 increased in Inter-bank market today. The dollar closed at...
Mix trend continues at PSX as it lost just two points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed mixed trend in trading on Wednesday, losing just 4 points, a nominal change of 0.01...
CPEC to be pursued with new vigor, commitment by focusing in more areas: PM
Islamabad: Prime Minister Shehbaz Sharif has expressed the resolve to pursue the China Pakistan Economic Corridor with a new vigor and commitment by focusing on...
Every passing day to witness improvement as impact of IMF deal: Governor SBP
Karachi: Governor State Bank of Pakistan (SBP) Jamil Ahmed on Tuesday said that every passing day will see improvement as effect of the International Monetary...
Electricity prices likely to be increased for K-electric, other consumers across country
Karachi/Islamabad: Government has started preparations to more burden the masses as it is likely that the electricity price of Karachiites Rs 1, 49 per unit...
PSX witnesses mix trend after losing 91 points
Karachi: Pakistan Stock Exchange (PSX) witnessed a mix trend on Tuesday as market is trading at 43, 807 points after losing 91 points. The stock...
Dollar declining trend continues as it devalued by Rs 10. 49 in inter-bank
Karachi: A trend of decreasing in the price of the US dollar has started since yesterday as it value reduced by Rs 10. 49 in...
Gold price plunges Rs8,800 per tola in Pakistan
KARACHI: The price of 24 karat gold per tola experienced a significant decrease of Rs 8,800 on Monday, reaching Rs 207,200, as compared to its...
Moody’s suggests Pakistan to bring reforms for long period economic stability
New York: After agreement with the International Monetary Fund (IMF) The International credit rating agency Moody’s suggested Pakistan that it has to bring reforms for...
Bostan says US dollar to hit below Rs250 in coming days
KARACHI: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan has said that the US dollar will hit below Rs250 in the coming days. Talking...
Deal with IMF is breathing space, it will turn into opportunity through vision, unity strategy: PM
Islamabad: Prime Minister Shehbaz Sharif has said that the three billion dollars standby agreement reached with the IMF is a breathing space, stressing for converting...
PM congratulates nation over record increase in PSX 100-Index today
Islamabad: Prime Minister Shahbaz Sharif on Monday congratulated the nation and business community over start of Pakistan Stock Exchange (PSX) business with extraordinary increase and...
PSX speeds up after agreement brokered with IMF as 100 index crossed 43000 limit
Karachi: The loan agreement with International Monetary Fund (IMF) has resulted into positive effect on Pakistan Stock Exchange (PSX) just after Eid holidays as the...
US dollar turns into reverse gear as it is trading between Rs 280 to Rs 285 in open market
Karachi: The US dollar has turned into reverse gear in open market as it price lowered on Monday after the Eid Ul Azha holidays. The...
Security forces efforts bore fruit In KP as tourism along with peace restored
Peshawar: Efforts of security forces bore fruit as tourism restored along with peace in Khyber Pakhtunkhwa (KP). During the Eid holidays as many as 200000...
Govt keeps petrol prices unchanged
ISLAMABAD: Finance Ishaq Dar said that while fuel prices will not change over the next two weeks, diesel prices would. In a late-night press conference,...
LCCI president hails govt for securing IMF deal
LAHORE: Lahore Chamber of Commerce and Industry President Kashif Anwar extended his congratulations to Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar and the Ministry...
Paris meeting with IMF MD was ‘turning point’, says PM after securing SLA
Following the staff-level agreement (SLA) with the International Monetary Fund (IMF) on a stand-by arrangement (SBY), Prime Minister Shehbaz Sharif said his meeting the global...
IMF reaches staff-level agreement with Pakistan on $3 billion
Pakistan and the International Monetary Fund (IMF) on Friday reached a long-awaited staff-level agreement (SLA) on $3 billion “stand-by arrangement” (SBA), the global lender announced. ...
Pakistan’s last efforts for successful completion of 9th review continues
Islamabad: Tomorrow is the last day of Pakistan and International Monetary Fund (IMF) loan program as Pakistani officials last efforts for successful completion of 9th...
PSX remained bullish today after gaining 15.59 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend, gaining 15.59 points on Tuesday. A total of 234,748,468 shares were traded...
PM Shahbaz holds telephonic conversation with MD IMF
Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed the confidence that understanding on International Monetary Fund programme will shape into a final decision by the...
FBR collects Rs 7,000 billion revenue by 26th June for first time: Dar
Islamabad: Finance Minister Ishaq Dar says the Federal Board of Revenue (FBR) has collected revenue of 7,000 billion rupees by 26th June for the first...
All the matters related to Pakistan, IMF staff level agreement settled: Sources
Islamabad: All the matters related to Pakistan and the International Monetary Fund (IMF) staff level agreement has been settled. Sources said that the staff level...
ECC meeting to be held today
Islamabad: The Economic Coordination Committee (ECC) of the cabinet meeting will be held today. The ECC meeting will consider a five-point agenda while Finance Minister...
SBP announces Eid Ul Adha Holidays from June 28 to 30
Karachi: State Bank of Pakistan on Monday announced Eid Ul Adha holidays. As per the SBP, all the banks across the country will remain close...
Finance Minister launches four Shariah Complaint products of National Savings
Islamabad: Finance Minister Ishaq Dar launched four Shariah Complaint products of National Savings in Islamabad on Monday. Speaking on the occasion, the Finance Minister said...
PSX benchmark KSE-100 index jumps 1,000 points as country expects to sign deal with IMF
KARACHI: Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index jumped more than 1,000 points as the country expects to sign a deal with the International Money...
Mix trend witnessed at PSX as it gains 31 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) gained 31.81 points on Tuesday. A total of 124,856,236 shares were traded during the day whereas...
Gold price decreases by Rs 200 per tola
Karachi: The gold prices on Tuesday decreased by Rs 200 per tola, reached Rs 220,500 which is consecutive third reduction in a row of three...
Provincial budget of Balochistan for new financial year 2023-24 to be presented today
Quetta: The provincial budget of Balochistan for the new financial year 2023-24 will be presented in the provincial assembly today . Finance Minister Balochistan Zamrak...
Murtaza Javed Abbasi inaugurates Sui gas provision project for village Phalkot Galyat
ABBOTTABAD: Federal Minister for Parliamentary Affairs Murtaza Javed Abbasi on Sunday inaugurated the Sui gas provision project in village Phalkot Galyat that would completed with...
More 15 Pakistani rice mills allowed to export rice to Russia: Ministry of Food and Security
Islamabad: An important progress has made regarding export of rice to Russia, the ministry of food and security apprised. As per the ministry, another 15...
Fluctuation continues in US dollar as it appreciated by Rs 2 in open market
Karachi: Fluctuation in the US dollar is continued on the last day of week, Friday as its value appreciated by Rs 2 and closed at...
Pakistan, Azerbaijan agree to enhance bilateral trade, cooperation in different areas including energy, defence
Baku: Pakistan and Azerbaijan have agreed to enhance their bilateral trade and promote cooperation in different areas including energy and defence. This came at a...
Technical meeting with IMF to determine future of Pakistan’s programme: Ayesha
ISLAMABAD: Minister of State for Finance and Revenue Ayesha Ghous Pasha on Wednesday said that Finance Minister Ishaq Dar had a virtual conversation with the...