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Rupee touches to historic low as IMF gives ‘tough time’
Karachi: Rupee plunged to historic low against dollar. “At day’s close, rupee plunged to 276.58, according to State Bank of Pakistan after losing Rs 5.22 or 1.89 percent of its value. Meanwhile, domestic unit closed at 283 in open market....
KSE-100 index dips 262pts on banking, fertilizer scrips
Karachi: Pakistan Stock Exchange (PSX) endured topsy-turvy trading session and KSE-100 Index retreated 0.64 percent owing to further depreciation in rupee. Weakening macroeconomic cues dented investor sentiment and sparked negativity at equity market...
Pakistan needs to explore alternatives to IMF: FPCCI
Karachi: President FPCCI Irfan Iqbal on book launching 'Alternative to IMF and other out of box solutions' by Dr. Shahida Wizarat, independent economist and author of more than 100 books and papers said that treasure of knowledge applied by author ha...
Rupee remains on ropes, plunges to historic low of Rs271.35
KARACHI: Rupee resumed downwards slide after two modest sessions as “Optimism surrounding government and International Monetary Fund (IMF) talks scaled back”. Rupee depreciated by 2.52 to settle at Rs 271.35 at close of day. However, dome...
Textile exports significantly decline in Jan: APTMA
Karachi: Textile sector exports witnessed significant decline of 12.4 percent, clocking in at $ 1.36 billion in January 2023 in comparison to $ 1.55 billion recorded in same month of previous year, showed provisional data released by All Pakistan Tex...
PTCL OTT platform ‘SHOQ’ to bring high quality video streaming
Karachi; Pakistan Telecommunication Company Limited (PTCL) subsidiary of e&, (formerly known as Etisalat Group) has launched new Over-The-Top (OTT) platform, SHOQ to provide superior and immersive viewing experience to all data users in Pakistan....
Rupee experiences scanty dip in value against dollar
KARACHI: Rupee lost value slightly against dollar as market is looking for direction amid government’s ongoing tough parleys with International Monetary Fund (IMF). Dollar closed at Rs 268.83 in interbank after domestic unit lost Rs 0.94, accor...
SITE condemns firing on businessman car, appeals to apprehend criminals
KARACHI: President SITE Association of Industry Riaz Uddin and others condemned incident of firing on car of renowned industrialist and senior member of SITE Association of Industry Muhammad Lakhany. Riaz Uddin appealed heads of Law Enforcing Agencie...
Prices of steel bars, cement bags shoots up
KARACHI: After hike in petroleum prices, costs of steel bars and cement bags have witnessed an unprecedented surge in market, it emerged. Price of local steel bars has gone up by Rs 45,000 and branded steel bars by Rs 50,000 per tonne. New price of l...
Toyota manufacturer ‘completely’ shuts down its plant till Feb 14
Karachi: Indus Motors Company (IMC), maker of Toyota vehicles has decided to “Completely” shut down its production plant in country from February 1-14, citing “Insufficient inventory levels” as reason. In letter addressed to G...
