FinMin claims opposition protests costing Pakistan Rs190bln daily
ISLAMABAD: Finance Minister Muhammad Aurangzeb has revealed the immense economic cost of opposition-led protests in Pakistan, claiming that the ongoing political unrest is causing daily losses of over Rs 190 billion. Addressing the media during a pre...
Rohde & Schwarz Pakistan concludes day 01 of IDEAS 2024 on a positive note
KARACHI: 12th edition of IDEAS 2024 got underway today i.e. 19th November 2024 at Kashmir Hall, Karachi Expo Centre, Karachi. inauguration ceremony was a grand affair attended delegates, exhibitors, senior members of armed forces and selected members...
Gold prices hit one-week high
KARACHI: Gold prices continued their upward momentum on Wednesday, marking a one-week high as investors sought the safety of the precious metal amid growing geopolitical uncertainty, particularly the escalating Russia-Ukraine conflict. Spot gold ros...
Profit-taking drags PSX down, KSE-100 falls by 310 points
KARACHI: The Pakistan Stock Exchange (PSX) saw profit-taking on Wednesday, resulting in a decline of 310 points in the benchmark KSE-100 Index, which closed at 95,546.45, down 0.32%. The session began on a positive note, with the KSE-100 rising to a...
Ahsan Iqbal proposes GSP-Plus and 5Es framework for export-led growth
ISLAMABAD: Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, proposed a comprehensive strategy to align the European Union’s Generalized Scheme of Preferences (GSP-Plus) program with Pakistan’s 5Es framewo...
Gold price soars by Rs3,600 per tola
KARACHI: Gold prices in Pakistan saw a significant rise on Tuesday, mirroring the global uptrend. The price of gold per tola surged by Rs3,600, reaching Rs273,500, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Similarly...
KSE-100 hits record high, closes above 95,000
ISLAMABAD: Pakistan’s stock market extended its upward momentum on Tuesday, with the benchmark KSE-100 index closing above 95,000 for the first time in history, marking a new milestone in its bullish run. The index surged by 861 points, or 0.9...
IMF warns “tit-for-tat” tariffs could disrupt Asia’s eco growth
PHILIPPINES: The International Monetary Fund (IMF) issued a stark warning on Tuesday, cautioning that escalating “tit-for-tat” tariffs could jeopardize Asia’s economic prospects, disrupt global supply chains, and increase costs for...
PM orders joint action to combat sugar hoarding, tax evasion
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed key government agencies, including the Federal Board of Revenue (FBR), the Federal Investigation Agency (FIA), and the Intelligence Bureau, to take immediate and coordinated action to...
PKR sees slight dip against USD
KARACHI: The Pakistani rupee experienced a slight depreciation against the US dollar on Monday, falling by 0.07% in the inter-bank market. At the close of trading, the rupee stood at Rs 277.86, losing Re0.19 against the greenback. This decline comes...
