Rupee sinks to new low against dollar
Karachi: Rupee touched record low as country struggles to unlock critical International Monetary Fund (IMF) funding while dwindling foreign exchange reserves become another source of concern for investors. Domestic unit in interbank market closed at...
KSE-100 falls 203pts in rollercoaster session
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index saw rollercoaster session and KSE-100 Index fell 0.51 percent owing to speculation over policy rate and verdict of polls delay case. By end of day, KSE-100 Index settled with decrease of 202.64 poi...
Ishaq Dar to visit US, will attend spring meetings of IMF, WB
ISLAMABAD: Finance Minister Ishaq Dar will visit United States from April 10 to 16 to attend upcoming annual spring meetings of International Monetary Fund (IMF) and World Bank (WB), sources said. Secretary Finance Hamid Yaqoob and Governor State Ban...
Ahsan Iqbal briefs Chinese Think Tanks on Pak-China ties, CPEC
BEIJING: Minister for Planning, Development and Special Initiatives Ahsan Iqbal Chaudhary held an exclusive session with heads and representatives of leading Chinese Think Tanks and emphasised importance of Pakistan China relationship and reaffirmed...
Oil surges as OPEC+ surprise output cuts shake markets
LONDON: Oil prices surged posting biggest daily rise in nearly year, after surprise announcement by OPEC+ to cut more production jolted markets. Brent crude was trading at $ 84.22 barrel, up $ 4.33 or 5.4 percent, after touching highest in month at $...
Country earns $484m from travel services’ export in 7MFY 2023
ISLAMABAD: Country earned $ 484.140 million by providing different travel services in various countries during first seven months of current fiscal year 2022-23. This shows growth of 53.67 percent as compared to $ 315.060 million worth same services...
Gold drops as inflation risks after OPEC+ oil target cut raise Fed hike odds
Karachi: Gold price slid after surprise announcement from OPEC+ about cut to oil output sparked inflation concerns and raised bets of an interest rate hike at US Federal Reserve’s upcoming May meeting. Spot gold was down 0.6 percent at $ 1,956....
Rupee sheds Rs1.25 against dollar
ISLAMABAD: Rupee weakened by Rs 1.25 against Dollar in interbank trading and closed at Rs 285.04 against previous day’s closing of Rs 283.79. According to Forex Association of Pakistan (FAP), buying and selling rates of dollar in open market we...
PSX loses 111pts, closing at 39,889.90 mark
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index declined by 110.93 points, showing negative change of 0.28 percent, closing at 39,889.90 points against 40,000.83 points previous day. Total of 74,430,002 shares were traded during day as compared...
China rolled over $2bn loan to Pakistan, confirms Ishaq Dar
ISLAMABAD: Rejecting rumors about delay in Chinese loan rollover, Finance Minister Ishaq Dar confirmed that Beijing has rolled over its $ 2 billion loan to Pakistan for one year. Speaking in Senate today on point raised by PPP leader Raza Rabbani, he...
