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Gold loses traction, rate falls by Rs1,000/tola
Karachi: Gold rate dropped in line with international market, snapping seven-day winning streak. Data released by All-Pakistan Sarafa Gems and Jewellers Association showed that price of gold (24 carats) fell by Rs 1,000 per tola and Rs 858 per 10 gra...
PSX loses 411pts, closing at 40,918.45 mark
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index declined by 411.50 points, showing negative change of one percent, closing at 40,918.45 points against 41,329.95 points previous day. Total of 195,477,553 shares were traded during day as compared...
Banks to remain closed on March 23
KARACHI: All commercial banks as well as State Bank of Pakistan (SBP) will remain closed for public dealing on March 23 in connection with Pakistan Day. According to statement issued by central bank, “State Bank of Pakistan will remain closed o...
SBP issues Rs50 commemorative coin on golden jubilee of Senate
KARACHI: State Bank of Pakistan issued commemorative coin of Rs 50 to mark golden jubilee of Senate Upper House of Parliament of Pakistan. Year 2023 marks golden jubilee of Senate and government for celebrating significant occasion has authorised cen...
Careem removes ‘peak charge’ on bikes, rickshaws amid inflation
KARACHI: Careem leading ride-hailing service announced to remove ‘peak charge’ on its bikes and rickshaws categories across Karachi, Islamabad and Lahore. Initiative is taken in light of recent economic situation where inflation and globa...
Building infrastructure vital for Pakistan’s sustainability: moot
Karachi: InfraZamin collaborated with Nutshell Group to jointly host Pakistan’s first ever Infrastructure Summit at a local hotel. Infrastructure development helps reduce unemployment and stimulates economic growth. Muhammad Azfar Ahsan founder...
Gold prices race ahead by Rs2,300/tola
Karachi: Gold prices raced ahead to once again cross 0.2 million mark with rupee remaining stuck in reverse gear amid economic frets from dried-up foreign reserves and beleaguered loan deal with lender of last resort. Data released by All Pakistan Sa...
Rupee sheds value versus dollar, settles at 282.29
Karachi: Rupee registered back-to-back losses against dollar, depreciating 0.24 percent in inter-bank market. As per State Bank of Pakistan rupee settled at 282.29, decline of Re 0.68. After appreciating marginally, rupee started this week on negativ...
KSE-100 closes flat on mixed session
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index recorded muted session and KSE-100 fell marginally owing lack of positive developments. Investors waited for positive triggers to make buying decisions. At close, KSE-100 Index recorded decrease of...
Localisation for growth discussed at ‘National Policy Dialogue’
KARACHI: K-Electric Limited in collaboration with Nutshell Group jointly hosted National Policy Dialogue on Localisation for growth at local hotel. Dialogue addressed urgent need to explore options for indigenisation and sourcing materials from local...
