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PSX extends bearish trend, drops 592.49 points
KARACHI: On the second business day of the week, the KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend after losing 592.49 points with a negative change of 0.83 percent and closed at 71,102.54 points against 71,695.03 point...
Gold prices rise in Pakistan
KARACHI: The gold prices in Pakistan continue to increase in Pakistan as per tola price reached Rs242,500 in the local market. The per tola price of 24 karat gold witnessed an increase of Rs500 to trade at Rs242,500 in the local market. Similarly, th...
Pakistani rupee continues to decline against USD
KARACHI: Pakistani rupee on Wednesday depreciated by 02paisa against the US dollar in the interbank market, according to the State Bank of Pakistan (SBP) report. The local unit closed at Rs 278.39 against the previous day’s closing of Rs...
Pakistan's economy shows improvement following IMF standby agreement
International Monetary Fund (IMF) on Friday said that Pakistan’s economy is improving after a $3 billion stand-by arrangement. Addressing a press conference on Regional Economic Outlook, Jihad Azour, Director of the Middle East and Central Asia...
President for promoting barter trade, economic ties with Iran
ISLAMABAD: President Asif Ali Zardari underlined need for promoting barter trade and economic relations with Iran for mutual benefit of two brotherly countries. Talking to Iran’s Ambassador to Pakistan Dr Reza Amiri Moghadam, he said that both...
Monetary Policy Committee to meet on Monday: SBP
Karachi: Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) will meet on Monday, March 18, 2024 to decide about monetary policy, central bank announced. SBP said it will issue Monetary Policy Statement through press release on same day....
JS Bank, UNDP to promote gender-inclusive, climate-resilient businesses
Karachi: JS Bank joins hands with United Nations Development Programme (UNDP) to promote gender-inclusive and climate-resilient businesses in Pakistan. Collaboration is aimed at promoting private-sector financing, particularly projects aligned with S...
Business leaders demand JIT investigation against misuse of cheque bounce law
KARACHI: In joint press conference prominent industrialists and business leaders from various trade organizations including Korangi Association of Trade and Industry (KATI), Federation of Pakistan Chamber of Commerce and Industry (FPCCI, and Karachi...
Business, office hours during Ramadhan-ul-Mubarak for banking sector
KARACHI: State Bank of Pakistan issued office and business hours for banking sector in country during ensuing month of Ramadhan-ul-Mubarak 1445 A.H. Central bank in statement issued here, informed that SBP will observe office hours from Monday to Thu...
DG Custom Valuation assures FPCCI of reduction in review time
Karachi: DG Custom Valuation Mirza Mubashir Baig informed FPCCI members that Customs department is looking at issues holistically and technology adoption is principle tool which is being applied to resolve grievances and complaints of business commun...
