KSE-100 index closes flat on mixed session
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index endured mixed session and KSE-100 Index closed almost flat after oscillating in red and green zones. Lack of progress on International Monetary Fund (IMF) bailout kept investors on sidelines. At cl...
IMF agreement to be inked soon, reiterates Dar in NA
Islamabad: Minister for Finance and Revenue Ishaq Dar reiterated that staff-level agreement with International Monetary Fund (IMF) will be inked soon. While presenting Money Bill 2023 in National Assembly, he said that government’s first priori...
‘Thar Coal future of Pakistan,’ says Dastagir
ISLAMABAD: Minister for Power Division Khurram Dastagir Khan said that Thar Coal was future of Pakistan and can fulfil electricity demand of country. Winding up discussion on motion moved by Senator Taj Haider to discuss failure to tap into true pote...
ECC declares applications successful under Regular Hajj Scheme
ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet here declared all 72,869 received applications under Regular Hajj Scheme successful without balloting and also approved additional financial requirement of $163 million of foreign exchange f...
SITE Association condemns increase in power tariff, affecting SMEs badly
Karachi: Chairman BMG Zubair Motiwala and President SITE Association of Industry Riaz Uddin condemned unbearable increase in electric tariff as result of forced withdrawal of Rs 19.99/kWh effective March 1, 2023. Unfortunately, this abrupt tariff hik...
Rupee struggles against dollar, settles at 287.09
Karachi: Rupee witnessed significant decline against dollar in inter-bank market on Monday. As per State Bank of Pakistan (SBP), domestic unit closed at 287.09, down 2.44 or 0.85 percent. During previous week to close at 284.65. Currency fell in four...
PSX loses 214pts on dull trading
Karachi: Pakistan Stock Exchange (PSX) KSE-1000 index declined by 213.75 points, showing negative change of 0.53 percent, closing at 39,835.90 points against 40,049.65 points previous day. Total of 105,892,904 shares were traded during day as compare...
Ishaq Dar cancels US trip amid ‘deepening political crisis’
ISLAMABAD: Finance Minister Ishaq Dar cancelled his trip to United States, citing country’s “Deepening political crisis” as reason. Ishaq Dar was expected to visit US from April 10 to 16 to attend upcoming annual spring meetings of...
Pakistan signs $240m loan accord with SFD for KP Dam
Islamabad: Government signed $ 240-million loan agreement with Saudi Fund for Development (SFD) to support Mohmand Multipurpose Dam Project. As per statement released by SFD, Kingdom’s agency that provides development assistance to developing c...
Weekly inflation spikes to 44.49pc: PBS
ISLAMABAD: Weekly inflation measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.92 percent to jump to 44.49 percent on year-on-year basis for week ended on April 6, according to report issued by Pakistan Bureau of Statistics (PBS)...
