Recent Post:
KSE-100 sheds 301pts on muted session
Karachi: Pakistan Stock Exchange (PSX) KSE-1000 index saw muted session and KSE-100 Index fell 0.75 percent as reports circulated that Finance Minister Ishaq Dar has pulled out of his visit to World Bank and International Monetary Fund spring meeting...
President SAI calls for urgent resumption of gas to all industries
KARACHI: President SITE Association of Industry (SAI) Riaz Uddin condemned suspension in gas supply to Industries and their captive power plants (CPP) and requested federal and provincial governments to take an immediate notice of grave situation cre...
Rupee registers recovery, settles at 284.42 against dollar
Karachi: Reports of expected inflows from Saudi Arabia helped rupee register significant gains against dollar as currency climbed 1.2 percent during trading in inter-bank market. As per State Bank of Pakistan (SBP), rupee closed at 284.42, an increas...
Bullish run at bourse, KSE-100 up over 633pts
Karachi: Positive momentum was witnessed at Pakistan Stock Exchange (PSX), with benchmark KSE-100 Index gaining over 633 points, as markets rejoice over reports regarding expected inflows from Saudi Arabia. Benchmark index opened in positive and rema...
Interest rates hike will result in lock-up of industry: KATI
KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman rejected decision of State Bank to increase interest rate by 100 basis points to 21 percent. He said that country is already going through an economic crisis, furt...
Gold at over one-year peak as weak US data buoys demand
Karachi: Gold price increased to highest level since March 2022 after weak US economic data spurred safe-haven demand and expectations that Federal Reserve might loosen its stance on monetary policy tightening. Spot gold was up 0.3 percent at $ 2,025...
Rupee hits all-time low, settles at 287.85 vs dollar
Karachi: Rupee hit new record low amid ongoing political uncertainty and Islamabad’s inability to revive crucial International Monetary Fund (IMF) programme. As per State Bank of Pakistan (SBP), rupee closed at 287.85, loss of 0.56 paisa or 0.1...
KSE-100 Index ends session on flat note
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed another volatile session as benchmark KSE-100 Index ended day flat, while both volume and value of shares traded improved from last close. Trading began on positive note, with benchmark i...
SBP raises key policy rate by 100 basis points, takes it to 21pc
Karachi: Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) raised key policy rate by 100 basis points, taking it to 21 percent.”At its meeting, MPC decided to increase policy rate by 100 basis points to 21 percent,” it said...
PCJCCI welcomes reopening of Khunjerab Pass for Pak-China trade
LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) welcomed initiative of Pakistani and Chinna governments to reopen the Khunjerab Pass after three years. During think tank session held at PCJCCI Secretariat, PCJCCI President Moaz...
