Recent Post:
Rupee closes at fresh low of 269.63 versus dollar
Karachi: Rupee continued to sustain heavy losses against dollar in inter-bank market, closing session with another 2.61 percent fall. As per State Bank of Pakistan unit fell Rs 7.03 against dollar. On Friday, it settled at 262.6 after fall of Rs 7.17...
UBG leaders dismiss rise in oil prices
Karachi: United Business Group (UBG) rejected recent increase in price of petroleum products, describing it as nightmare for business class and people of country in current situation. UBG President Zubair Tufail, Chairman Sindh Region Khalid Tawab, S...
Gov Tessori, Abdullah Nasir discuss economic, investment matters
Karachi: Sindh Governor Kamran Tessori and Dubai’s well-known businessman Abdullah Nasir Lotha discussed increasing mutual trade, investment opportunities in province, cooperation in health, education and other sectors besides matters of mutual...
PCA team, FPCCI discuss businessmen issues
Karachi: Three member delegation of Pakistan Coating Association (PCA) headed by M Badar Haroon along with senior Vice Chairman held meeting with Vice President Federation Pakistan Chambers of Commerce and Industry (FPCCI). VP FPCCI Nadeem Ahmed Qur...
Default fears still loom but risks reduced: Ismail
KARACHI: There is uncertainty at moment along with probability of Pakistan going into default, odds of which have spiked since country drifted away from negotiations with International Monetary Fund said, former Finance Minister Miftah Ismail. &ldquo...
Event in honour of Turkish trade team at HMR Waterfront
KARACHI: Haji Rafiq Pardesi Chairman HMR Group organised an event in honour of visiting Turkish trade delegation at HMR Waterfront here. Chief Guest Cemal Sangu Consul General of Turkiye to Karachi and Hasnain Pardesi Chief Executive HMR Group among...
KSE-100 sheds 396pts owing to economic uncertainty
Karachi: Pakistan Stock Exchange (PSX) KSE-1000 index closed in red as KSE-100 Index dropped nearly 1 percent owing to weak investor sentiment. Weakening macroeconomic cues and persistent political uncertainty kept investor participation low. At end...
Rupee nosedives, value stays to 268.30 versus dollar
Karachi: Rupee battered unabated by dollar as domestic unit plunged by fresh 4.78 percent (or Rs 8.87) to new all-time low of Rs 268.30 against dollar in interbank market. Rupee recorded single largest slump in a day back of 9.61 percent (or Rs24.54)...
Dollar reaches all-time high in interbank, trades at Rs255
KARACHI: Domestic unit took an enormous blow in interbank market during intraday trade as it depreciated by more than Rs 24, day after lifting of unofficial cap in open market. Unit was trading at Rs 255 against dollar during intraday trade. This is...
‘IT policies hurting foreign investment’
KARACHI: Government is being urged by leaders in Information Technology (IT) sector to improve its policies. Business people believe sector holds high potential to emerge as leading export earner and can help fix ongoing balance of international paym...
