Selling pressure at PSX, KSE-100 loses 1,141 points
KARACHI: Selling pressure was witnessed at Pakistan Stock Exchange (PSX) as benchmark KSE-100 Index lost 1,141 points during trading session. KSE-100 started session with some positivity, hitting an intra-day high of 78,330.10. However, selling press...
FBR collects Rs659.2 bln in 1st month of FY 2024-25
ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs 659.2 billion in first month (July) of the current financial year 2024-25 against the set target of Rs 656 billion. The board has issued refunds of amounting Rs 77.9 billion, said a FBR...
UAE CG, KCCI members discuss business friendly initiatives
KARACHI: United Arab Emirates Consul General Bakheet Ateeq Al-Remeithi visited the Karachi Chamber of Commerce and met the businessmen. During the meeting, Bakheet Ateeq said that the United Arab Emirates has started zero bureaucracy for the conveni...
Cannot defer reform agenda anymore, says Aurangzeb
ISLAMABAD: Minister for Finance Muhammad Aurangzeb said government would "Move forward" with structural reforms in key sectors as it cannot "Defer this agenda" anymore. Addressing ground-breaking ceremony of Head Office Building of Securities and Ex...
KSE-100 closes 147pts lower after volatile trading
Karachi: Pakistan Stock Exchange (PSX) witnessed negative session, as its benchmark KSE-100 closed session lower by 147 points. Index swayed in both directions, hitting an intra-day high of 78,241.02 and intra-day low of 77,595.93. At close, benchmar...
Rupee marginally improves against dollar
Karachi: Rupee registered marginal improvement against dollar, appreciating 0.03 percent in interbank market. At close, domestic unit settled at 278.66, gain of 0.08 paisa, against greenback. In interbank market rates for dollar for bid were to Rs 2...
Gold price goes down
KARACHI: Price of per tola gold went down by Rs 1,000, private news channel reported quoting all Sindh Sarafa Jewellers Association. According to data issued by Karachi Sarafa Association, price of gold (24 carats) fell by R 1,000 per tola to Rs 252,...
Minister links Pakistan's uplift to private sector
ISLAMABAD: Minister for Finance, Muhammad Aurangzeb on Thursday said the reports by the international rating agency Fitch and State Bank of Pakistan in cutting the policy rate is a direct manifestation of the country’s macroeconomic stability....
Pakistan's economy stabilized after IMF deal: S&P
ISLAMABAD: Standard and Poor (S&P) Global has declared Pakistani economy stable after International Monetary Fund (IMF) $ 7 billion deal. S&P Global Ratings affirmed its 'CCC+' long-term sovereign credit rating and 'C' short-term rating on P...
KSE-100 index sheds 742pts on panic selling
KARACHI: KSE-100 suffered dramatic fall in final 60 minutes of trading with analysts saying that an inability to access real-time share prices led to some panic selling after Pakistan saw massive disruption in internet services. Benchmark index hove...
