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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...
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....
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...
At UN, Pakistan urges technology transfer, finance to attain ‘Zero Waste’
Karachi: Pakistan has called for enhanced global partnership focused on capacity building, technology transfer and finance to enable developing countries achieve ‘Zero Waste’. “There is dire need worldwide to move towards ‘Zer...
Honda Atlas extends plant shutdown amid import difficulties
Karachi: Pakistan’s auto assembler Honda Atlas Cars (Pakistan) Limited (HCAR) said its plant, which has been shut since start of March, will remain closed until April 15 due to supply-chain disruptions. Company announced its decision in notice...
Gold rally as rupee extends losses
Karachi: Gold prices climbed on back of sliding rupee, as markets remained focused on State Bank of Pakistan’s (SBP) interest rate strategy. According to data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), price of gol...
Rupee sheds value against dollar, settles at 283.79
Karachi: Rupee registered marginal drop against dollar, depreciating 0.05 percent in inter-bank market. As per State Bank of Pakistan (SBP), rupee settled at 283.79, loss of 0.13 paisa. Day earlier, rupee was slightly up against dollar, closing at 28...
Optimism grips PSX, KSE-100 rises by 152pts
Karachi: Optimism gripped Pakistan Stock Exchange (PSX) and KSE-100 Index ticked up 0.38 percent amid low investor participation. Lack of progress on resumption of International Monetary Fund (IMF) programme kept investors on sidelines. By end of day...
Foodpanda, TCF join hands for education to unprivileged
Karachi: Food and grocery delivery platform foodpanda is announced its partnership with The Citizens Foundation (TCF), non-profit organisation dedicated to promoting education for less privileged children in country. Through this partnership foodpand...
