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FPCCI demands urgent MPC meeting, advocates for single-digit interest rates
KARACHI: FPCCI has unequivocally demanded key policy rate should be cut down to 9 percent to reflect ground realities and economic indicators of Pakistan as CPI has clocked at 6.9 percent in September 2024-which is 44-month low. There will still be...
Inflation clocks in at 6.9pc in Sept 2024
From Our Correspondent Karachi: Countr’y headline inflation clocked in at 6.9 percent on year-on-year basis in September 2024, lower than reading in August 2024 when it stood at 9.6 percent, showed Pakistan Bureau of Statistics (PBS) data on Tu...
Rupee unchanged against dollar
Karachi: Rupee remained largely stable against dollar on Tuesday, appreciating 0.01 percent in interbank market. At close, domestic unit settled at 277.69, gain of 0.02 paisa against dollar. In interbank market rates for dollar for bid were to Rs 27...
KSE-100 closes 690pts higher over expectations of key policy rate cut
By Staff Reporter KARACHI: Pakistan Stock Exchange benchmark KSE-100 Index closed session higher by 690 points amid expectations of further cut in policy rate. KSE-100 started session with buying spree that largely continued throughout session...
Pakistan recognised as ‘Tech Destination of Year’ at GITEX Global 2024
Dubai: Following its presence in Pakistan Pavilion in previous GITEX Global editions, Tech Destination Pakistan, represented by Pakistan Software Export Board, has been declared 2024 event’s ‘Tech Destination of Year’. Shaza Fatima...
OGRA notifies sharp increase in LPG price
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has officially notified a price increase for liquefied petroleum gas (LPG), raising the cost by Rs 7.31 per kilogram (kg) for the month of October. According to the notification, the new price fo...
Govt urged to extend tax return deadline by one month
RAWALPINDI: The Rawalpindi-Islamabad Tax Bar Association has joined other prominent organizations in requesting a one-month extension for filing income tax returns, pushing the deadline to October 31. This appeal follows similar demands from the Fed...
Gohar demands further decline in interest rate
LAHORE: Gohar Ejaz, the former caretaker Commerce Minister and a prominent figure in the textile industry, has made a compelling case for an urgent reduction in the current interest rate, which stands at 17 percent. Ejaz describes this rate as unjus...
Gold price hits Rs275,500 per tola
KARACHI: Gold price maintained upward trajectory on Wednesday in line with their increase in international rates. In local market, price of gold per tola was up by Rs 2,500, clocking in at Rs 275,500 per tola, which is latest record high in Pak...
KSE-100 gains 764pts on banks, oil scrips
KSE 100 Index, benchmark index of Pakistan Stock Exchange (PSX), concluded trading session at 82,331.85 points, marking significant increase of 764.27 points or 0.94 percent. Index experienced high of 82,331.85 points and low of 81,524.41 points dur...
