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Bullish run at bourse, KSE-100 up over 633pts
Karachi: Positive momentum was witnessed at Pakistan Stock Exchange (PSX), with benchmark KSE-100 Index gaining over 633 points, as markets rejoice over reports regarding expected inflows from Saudi Arabia. Benchmark index opened in positive and rema...
Interest rates hike will result in lock-up of industry: KATI
KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman rejected decision of State Bank to increase interest rate by 100 basis points to 21 percent. He said that country is already going through an economic crisis, furt...
Gold at over one-year peak as weak US data buoys demand
Karachi: Gold price increased to highest level since March 2022 after weak US economic data spurred safe-haven demand and expectations that Federal Reserve might loosen its stance on monetary policy tightening. Spot gold was up 0.3 percent at $ 2,025...
Rupee hits all-time low, settles at 287.85 vs dollar
Karachi: Rupee hit new record low amid ongoing political uncertainty and Islamabad’s inability to revive crucial International Monetary Fund (IMF) programme. As per State Bank of Pakistan (SBP), rupee closed at 287.85, loss of 0.56 paisa or 0.1...
KSE-100 Index ends session on flat note
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed another volatile session as benchmark KSE-100 Index ended day flat, while both volume and value of shares traded improved from last close. Trading began on positive note, with benchmark i...
SBP raises key policy rate by 100 basis points, takes it to 21pc
Karachi: Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) raised key policy rate by 100 basis points, taking it to 21 percent.”At its meeting, MPC decided to increase policy rate by 100 basis points to 21 percent,” it said...
PCJCCI welcomes reopening of Khunjerab Pass for Pak-China trade
LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) welcomed initiative of Pakistani and Chinna governments to reopen the Khunjerab Pass after three years. During think tank session held at PCJCCI Secretariat, PCJCCI President Moaz...
KCCI demands immediate restoration of gas to Karachi industries
KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammed Tariq Yousuf, expressing deep concerns over enduring suspension of gas supply to industries appealed government to issue strict directives for immediate restoration of gas su...
Mastercard, Illusions Online to launch tailored travel offers to cardholders
Karachi: New offering from Mastercard and Illusions Online will feature curated and exclusive offers from best hotel chains around world with discounts of up to 30 percent. “Our partnership with Illusions Online will provide our cardholders wit...
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...
