Rupee sheds value versus dollar in inter-bank SBP
Karachi: Rupee maintained its downward trajectory against dollar for third consecutive session in inter-bank market, depreciating 0.13 percent. At close, domestic unit settled at 286.56, decline of 0.37 paisa as per State Bank of Pakistan. In open-ma...
PSX gains 255pts to close 41,923 mark
ISLAMABAD: Pakistan Stock Exchange (PSX) KSE-100 index remained in green, gaining 255.52 points positive change of 0.61 percent, closing at 41,923.46 points against 41,667.94 points previous day. total of 240,829,334 shares were traded during day as...
ECC approves over Rs 422bn supplementary grants
ISLAMABAD: Economic Coordination Committee (ECC) in addition to other decisions approved Supplementary and Technical Supplementary Grants (TSG) of Rs 422.3 billion in favour of various divisions. Minister for Finance and Revenue Senator Ishaq Dar cha...
PTCL declared ‘Most Facilitating Employer’ at NUST Placement Recognition Awards 2023
Islamabad: Pakistan’s leading telecommunication and integrated ICT services provider, Pakistan Telecommunication Company Limited (PTCL) has been recognised as ‘Most Facilitating Employer over Last Five Years’ at National University...
Inter-bank market: rupee falls, settles at 286.19 against dollar
Karachi: Rupee registered losses for second straight session against dollar, depreciating 0.18 percent in inter-bank market. At close, domestic unit settled at 286.19, decline of 0.51 paisa as per State Bank of Pakistan. Open-market dealers said rate...
KSE-100 rises 315pts on budget optimism
Karachi: Pakistan Stock Exchange (PSX) witnessed positive session and KSE-100 Index ticked up 0.76 percent amid optimism over budget measures. KSE-100 index closed trading session at 41,667.94, an increase of 314.96 points. Trading began with jump ho...
SECP specifies rating requirements for investment in short-term instruments by CISs
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) specified rating requirements for investment in short-term debt instruments by open-ended collective investment schemes (CISs) aimed at protecting unitholders’ investment in vario...
Pakistan rules out Plan B rumours in case of IMF programme failure
ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha ruled out any possibility of contemplating upon any other option Plan B in case Pakistan fails to woo International Monetary Fund (IMF) to revive stalled loan programme. “Let me say...
SBP extends date for prize bonds’ encashment
KARACHI: State Bank of Pakistan (SBP) gave last opportunity to holders of prize bonds of Rs 7,500, 15,000, 25,000 and 40,000 redeemed or encashed until June 30, 2023. “Earlier, government had fixed deadline of June 30, 2022, for redemption/enca...
CDWP okays 10 projects worth Rs114.5bln
ISLAMABAD: Central Development Working Party (CDWP) cleared total of 10 projects with combined value of Rs 114.5 billion. CDWP under esteemed chairmanship of Minister for Planning, Development and Special Initiatives, Ahsan Iqbal was convened to revi...
