Dollar Devaluation Continues In Inter-Bank Market
Karachi: Dollar devaluation continued today (Wednesday) as the greenback got cheap by Rs 1. 12 in the inter-bank market. The dollar is trading at Rs...
Bearish Trend Grips PSX At Start Of Market Today
Karachi: Pakistan Stock Exchange on Wednesday saw bearish trend on the start of the market. The 100 bench mark lost 106 points today. After reduction...
KSE 100-index Drops By 309 Points
KARACHI: The International Monetary Fund’s (IMF) approval could not restore investor confidence Tuesday as flash floods disrupted the supply chain and caused substantial economic losses,...
Gold Prices Shed by Rs5,100 Per Tola
KARACHI: Gold prices dropped over 3% to a near two-and-a-half-month low on Tuesday as investors scrambled for cash to cover losses in other asset classes...
Dollar Flight Continues As It Appreciated By Rs 1.26
Karachi: The dollar flight continued as it appreciated against the rupee by Rs 1. 26. After increasing value of Rs 1.26, the dollar closed at...
Gold Price Settles At Rs145,600 Per Tola in Pakistan
KARACHI: In line with the price movement in the international market, the price of gold in the local market declined by nearly 1% despite the...
KSE-100 Shows Mix Trend between Bearish and Bullish Trend
KARACHI: The Pakistan Stock Exchange (PSX) today, first day of the week, showed a mix trading between bearish and bullish trend. The benchmark KSE-100 swung...
Govt Put Politics At Stake To Protect Country From Bankruptcy By Taking Tough Decisions: Miftah
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Islamabad: Finance Minister Miftah Ismail has lamented PTI and its leaders for allegedly conspiring to sabotage the IMF program. Talking to media in Islamabad today,...
Vital IMF Huddle For Revival of Bailout Package For Pakistan Today
The executive board of the International Monetary Fund (IMF) is all set to meet today (Monday) to consider the loan plan for Pakistan۔ Pakistani authorities...
New SBP Governor Jameel Ahmad Assumes Charge
Karachi:Jameel Ahmad assumed charge as the governor of the State Bank of Pakistan (SBP) for the next five years after his appointment was approved by...
PSX Weekly Review: Stock Market Ends in Red
KARACHI: The Pakistan Stock Exchange (PSX) endured a relatively volatile week as the winning streak of the past three weeks came to an end. The...
Weekly Inflation up by 1.83 Percent
ISLAMABAD: The Sensitive price Indicator (SPI) based weekly inflation for the week ended on August 25 for the combined consumption group, witnessed an increase of...
PR Suspends Passenger Train Operation Due to Heavy Rains and Floods
ISLAMABAD: Pakistan Railways has suspended its passenger operation at a track of ML-1 from Khanpur to Hyderabad due to flood near Nawabshah. Addressing a press...
PSX Falls in Red
KARACHI: The Pakistan Stock Exchange (PSX) witnessed another round of thrashing on the last day of the rollover week as investors continued to mourn the...
Gold Price Of Remains Unchanged in Pakistan
KARACHI: Gold price remained unchanged in Pakistan despite rupee depreciation against the US dollar — which lost Rs6.01 during the week. According to rates issued...
Gold Price Increases By Rs1200
KARACHI: The price of 24 karat per tola gold witnessed an increase of Rs1200 per tola and was sold at Rs147,100 on Thursday against its...
PSX Loses 305 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 305.40 points, with negative change of 0.70 percent, closing...
Gold Price Declines Rs100 to Rs145,900 Per Tola
KARACHI: The price of 24 karat per tola gold witnessed a decrease of Rs100 per tola and was sold at Rs145,900 on Wednesday against its...
Qatari Investment Authority To Invest 3Bn Dollar In Pakistan
ISLAMABAD: Qatar has agreed to make investments of up to US$3 billion in Pakistan. The brotherly country announced the initiative for Pakistan as the Prime...
Pakistan Railways Reclaims Tezgam’s Control After Viral Dance
KARACHI: Pakistan Railways has reclaimed the control of Tezgam train after a dance video inside the train went viral over social media. According to details,...
PSX Gains 540 Points to Close at 43,366.77 Points
ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Tuesday, gaining 540.11points, a positive change of 1.26 percent, closing at 43,366.77...
Rupee Declines 0.46pc Against US Dollar
KARACHI: The rupee saw a tumultuous day of trading on Tuesday, beginning with a gain in the early hours of trade before ending with a...
Pakistan To Get $1.17 Bn Loan Tranche From IMF Within Six Days: SBP Governor
KARACHI: State Bank of Pakistan (SBP) Acting Governor Murtaza Syed said that Pakistan is likely to receive a $1.17 billion loan tranche from the International...
Gold Price Jumps by Rs3,550 Per Tola in Pakistan
KARACHI: In line with rising inflation and rupee depreciation, the price of gold in Pakistan jumped by 2.48% per tola boosted by concerns regarding uncertain...
SBP Retains Previous Mark Up For Monetary Policy Of Next Two Month
Karachi: State Bank Of Pakistan has retained mark up of 15 percent in a new monetary policy for two months 1/5 At today’s meeting, the...
Bearish Trend Witnesses At PSX As Market Sheds 443 points
Karachi: Pakistan Stock Exchange (PSX) today (Monday), first day of the week, witnessed bearish trend as 100 index lost limit of 42,000. The market closed...
Dollar Strengthens Against Rupee By 65 Paisas
Karachi: The US dollar (Monday) today, first day of week, strengthened against rupee by 35 paisas in inter-bank market. After a slight uptick of 35...
Bearish Trend Prevails At PSX As Market Sheds 289 Points
Karachi: Pakistan Stock Exchange (PSX) today (Monday), first day of the week, witnessed bearish trend as 100 index lost limit of 42,000. The market with...
SBP To Announce New Monetary Policy Today
Karachi: State Bank Of Pakistan (SBP) today (Monday) will issue a new monetary policy. It is likely that rate of mark-up will be remained same....
Uptick In Electricity Prices Likely As CPPA Appeals NEPRA For Hiking Charges
Islamabad: It is likely that electricity prices can go up more by Rs 4.69. Central Power Purchasing Agency (CPPA) has moved an appeal to National...
Rain-Hit Pakistan Faces Flood Inflation As SPI Rises to 42.31%
ISLAMABAD: Following an increase in petrol and food prices, the weekly inflation — based on the sensitive price index (SPI) — surged by 3.35% week-on-week...
Jameel Ahmed Appointed SBP Governor
KARACHI: Jameel Ahmed has been appointed as Governor State Bank of Pakistan (SBP) for five years. A notification to this effect was issued by the...
Rupee Sheds Against Dollar
KARACHI: The rupee further lost it’s value against US dollar during the early day trade in the interbank. According to forex dealers, the rupee shed...
Dollar Continues To Rise Consecutive Second Day After As Rs 2 Increased In Open Market
Karachi: The dollar flight continued on consecutive second day as an uptick of Rs 2 is reported in open market. After an uptick of Rs...
PSX Loses 195 Points, Closes at 43,481.50 Points
The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 195.06 points, a negative change of 0.45 percent, closing at...
Gold Price Declines by Rs2,800 Per Tola in Pakistan
KARACHI: Gold price in Pakistan plunged by Rs2,800 per tola despite the depreciation of the Pakistani rupee against the US dollar and rising international prices....
Govt Removes Ban On Import Of Non Essential And Luxury Goods
ISLAMABAD:Federal Minister for Finance and Revenue, Miftah Ismail here on Thursday announced lifting of ban on import of non-essential and luxury goods on the demand...
Bullish Trend at PSX
KARACHI: The bulls returned to the Pakistan Stock Exchange (PSX) on Wednesday and lifted the benchmark KSE-100 index by nearly 250 points. Investors were observed...
Rupee Flight Stops As Dollar Price Increases By Rs 4 In Open Market
Karachi: An uptick recorded in the USA dollar price after 11 to 12 days increasing streak of Pakistani rupee as it appreciated by Rs 4...
Businessman of Pakistan Organise Seminar In Islamabad
ISLAMABAD: Businessmen of Pakistan have said that our country has become an experimental laboratory, now these experiments should be stopped until there is political stability...
No Additional Tax Imposed On Petroleum Prices: Miftah
Islamabad:Finance Minister Miftah Ismail has said the economy is improving and the government’s next target is to control inflation. Addressing a news conference in Islamabad...
Pakistani Rupee Strengthened Against US Dollar
Karachi:Pakistani rupee strengthened against the US dollar on consecutive day as Rs appreciated by Rs 0. 98 on Tuesday in the inter-bank market. At the...
Toyota Reduces Prices of All Local Cars in Pakistan Following Currency Appreciation
LAHORE: In a turn of events Toyota Indus Motor Company (IMC) has reduced the prices for its entire completely-knocked-down (CKD) vehicle portfolio. The revised prices for...
Govt Jacks up Petrol Price For Next 15 Days
ISLAMABAD: The Government of Pakistan Monday jacked up the petrol price by Rs6 per litre for the next fortnight. “In the wake of fluctuations in...
Gold Price Declines by Rs4,300 Per Tola
The price of gold Monday decreased on the backdrop of decrease in US dollar price against the Pakistani rupee. The price of gold per tola...
PSX Stays Bullish, Gains 764 Points
ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 764.25 points, a positive change of 1.78 percent, closing...
Rupee Continues Winning Streak Against US Dollar
KARACHI: The Pakistani Rupee (PKR) on Monday continued its winning streak in interbank against the US dollar. The Pakistani rupee (PKR) continues to gain ground...
SBP Issues Commemorative Rs 75 Note On Country’s Diamond Jubilee Celebrations Of Independence
Karachi: On occasion of diamond jubilee independence celebrations, the State Bank Of Pakistan, has issued a commemorative Rs 75 note. The Rs 75 note issued...
PIA Announces Reduction in Fares Ahead of Independence Day
ISLAMABAD: Pakistan International Airlines (PIA) has announced a 14 percent discount on domestic flights for the 75rd Independence Day. In a statement issued on Twitter,...
Pakistan Likely To Get $1.17 bn Loan Tranche From IMF In Last Week of August
ISLAMABAD: The long-awaited $1.17 billion tranche of Pakistan’s Extended Fund Facility with the International Monetary Fund (IMF) is likely to be approved and released by...