PSX ends jittery session on flat note, dips 32pts
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed volatile session with benchmark KSE-100 Index ending day flat as investors remained cautious over ongoing uncertain political and economic conditions. Range-bound activity was witnessed a...
IMF rejects Pakistan’s initial proposal on fuel subsidy
ISLAMABAD: International Monetary Fund (IMF) has rejected Pakistan’s initial proposal for subsidy on petroleum, citing sources. “Lending institution has demanded complete plan of petroleum subsidy from government,” sources said. &ld...
Gold sparkles as rupee slides over IMF deal delay
Karachi: Gold prices rose yet again as delay in revival of International Monetary Fund (IMF) programme dented rupee and drove some bets for better physical demand from bullion consumers. Data released by All Pakistan Sarafa Gems and Jewellers Associa...
UAE acknowledges Pakistan’s economic policies
ISLAMABAD: Ambassador of United Arab Emirates (UAE) Hamad Obaid Ibrahim Salim Al-Zaabi acknowledged development-oriented economic policies of Pakistan initiated by present government and expressed interest of UAE in augmenting and furthering investme...
Bilateral trade with Australia to be enhanced: Naveed Qamar
ISLAMABAD: Minister for Commerce Syed Naveed Qamar stressed need for enhancing bilateral trade with Australia to its true potential, besides enhancing cooperation and transfer of technology in developing food processing, dairy and cattle industry. Me...
Pharmaceutical goods’ export increases by 30.38pc in 8MFY 2023
ISLAMABAD: Export of pharmaceuticals goods from country witnessed an increase of 30.38 percent during first eight months of fiscal year (2022-23) as compared to corresponding period last year. Pakistan exported pharmaceutical products worth $ 232.812...
Rupee sheds value against dollar, closes at 283.92
Karachi: Rupee failed to hold ground against dollar, depreciating 0.13 percent in inter-bank market. As per State Bank of Pakistan rupee settled at 283.92, loss of 0.37 paisa. Earlier during day, rupee was being quoted at 283.40 but was unable to mai...
KSE-100 down 202pts amid economic uncertainty
Karachi: Bearish sentiments prevailed at Pakistan Stock Exchange (PSX) amid uncertainty over resumption of International Monetary Fund (IMF) programme, as benchmark KSE-100 Index ended with loss of over 202 points. Indices slipped lower for most part...
AirSial announces flight operations for Saudi Arabia
KARACHI: AirSial, Pakistan’s third private airline is all set to launch flight operations for Saudi Arabia in order to provide convenience to Umrah pilgrims. Carrier will begin offering four weekly flights from Lahore to Saudi Arabia starting f...
Rupee settles at 283.55 versus dollar
Karachi: Rupee remained relatively unchanged against dollar, appreciating 0.01 percent in inter-bank market. As per State Bank of Pakistan rupee settled at 283.55, a gain of 0.03 paisa. Rupee has lost over 20.2 percent of its value against greenback...
