Rupee registers minor gain against dollar
Karachi: Rupee registered minor improvement, appreciating 0.05 percent or 0.10 paisa to close at 278.44 against dollar in interbank market. In interbank market rates for dollar for bid were to Rs 278.44 and for offer they were to Rs 278.64. In open...
KSE-100 sheds 215pts ob selling pressure
Karachi: KSE-100 fell below 78,000-point mark on Monday as positive start to trading session made way for selling pressure that even dragged index close to 77,500 level. At close, benchmark index settled at 77,830.34, lower by 214.96 points or 0.28 p...
IMF Executive Board meeting agenda issued, Pakistan not included
Karachi: Final approval of Pakistan’s much-anticipated $ 7 billion bailout package from the Monetary Fund (IMF) remains uncertain, as IMF Executive Board’s schedule until August 28 has been released. Notably, Pakistan’s name has ye...
Gold rates in Pakistan today
KARACHI: After hitting all-time highs in the previous session, gold prices on Monday decreased in Pakistan in line with international market. In the local market, gold price per tola decreased Rs200 to Rs260,000, according to rates shared by the All-...
Electric vehicles: Master Changan unveils Deepal L07, S07
KARACHI; Master Changan Motors Limited (MCML), a collaboration between Master Group of Industries and Changan International, introduced Changan’s electric-first brand, DEEPAL, on August 16, 2024, at Dolmen Mall Clifton, Karachi. The event allow...
KSE-100 closes lower as late-session selling wipes out earlier gains
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index Friday resumed trading on higher note, adding more than 500 points in intra-day trade before late-session selling erased gains and pushed index into negative territory. At close, benchmark i...
KCCI demands release of pending Rs33bn against incremental consumption
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his discussions with industrial town associations in connection with delays in release of funds against incremental consumption of el...
'K-Electric's power generation costlier than national grid'
ISLAMABAD: Secretary of Power Division revealed that power production company-K-Electric is generating expensive electricity, predominantly from thermal power. During meeting of National Assembly's Standing Committee on Energy, Secretary of Power Div...
Up to 500 units: Punjab govt to reduce power tariff by Rs14 per unit for Aug-Sept
LAHORE: Pakistan Muslim League-Nawaz President Nawaz Sharif announced that Punjab government was going to reduce electricity tariff by Rs 14 per unit for users utilising less than 500 units month for August and September. Addressing media alongside...
Rupee closes unchanged against dollar
KARACHI; Rupee did not register change against dollar in interbank market, staying at its value of 278.7. In open market trading, dollar edged slightly higher against domestic unit as buying remained in demand, currency dealers said.Internatio...
