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Volatility persists at PSX, KSE-100 ends flat
Karachi: Volatility persisted at Pakistan Stock Exchange (PSX), as benchmark KSE-100 ended first trading session of week flat, while volume and value of shares traded improved from last close. Benchmark index opened session in green, reaching an intr...
Indus Motor suspends production again
Karachi: Indus Motor Company Limited (INDU), assembler and seller of Toyota-brand vehicles has once again decided to shut production from March 24 to March 27, citing raw material and component shortages. Automaker shared development in notice to Pak...
Trade from Pakistan in local currency possible, says Malaysian CG
Karachi: Consul General of Malaysia Karachi Harman Hardaynta bin Ahmed said that more than 10 thousand Pakistani products are included in list of free trade agreements while 6 thousand products have been added by Malaysia. However, 10 new items are b...
Gold price jumps on seasonal demand
KARACHI: Gold prices jumped as demand for safe-haven metal was boosted by seasonal demand as people rush to purchase yellow metal in Ramadhan which is followed by wedding season. Data released by All-Pakistan Sarafa Gems and Jewellers Association sho...
KSE-100 sheds 434pts amid IMF uncertainty
Karachi: Benchmark KSE-100 Index fell below 40,000 level while volumes plunged as uncertainty over revival of International Monetary Fund (IMF) programme and continuous political volatility played on investors’ minds. At close, benchmark index...
Huawei Cloud Summit Middle East, Africa 2023 kicked off
Dubai:On ‘Unleash Digital with Everything as Service’, second Huawei Cloud Summit Middle East and Africa kicked off in Dubai. Event brought together over 300 government officers, cloud native industry experts, and customer representatives...
Trade between Pakistan and UAE: Khor Fakkan port to be more efficient, says official
Karachi: Khor Fakkan Container Terminal (KCT) is only fully-fledged operational container terminal within United Arab Emirates (UAE) that is located outside Strait of Hormuz and an official said exports from Pakistan will take day less if compared to...
Four bank holidays
KARACHI: State Bank of Pakistan (SBP) and all commercial banks of country will remain closed for four days, according to report. According to details, banks will be closed on March 23 being public holiday on Pakistan Day. Likewise, banks will remain...
Encroachments on govt land will not be tolerated: DG KDA
KARACHI: Director General Karachi Development Authority (KDA) Syed Muhammad Ali Shah said that illegal occupation and encroachment on government land will not be tolerated under any circumstances. Strong action will be taken against encroachment mafi...
Rupee appreciates against dollar
KARACHI: Rupee appreciated against dollar in interbank market, according to State Bank of Pakistan (SBP) report. Domestic unit gained 0.72 paisa against greenback to close at Rs 283.80 in interbank market. Greenback had closed at Rs 283.91 day earlie...
