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PKR sees slight gain against US Dollar
KARACHI: The Pakistani rupee recorded a slight gain against the US dollar on Tuesday, appreciating by 0.04% in the inter-bank market. The local currency closed at 277.87, reflecting a modest increase of Re0.10 compared to the previous session when i...
KSE-100 hits record high, closes above 104,000
KARACHI: The Pakistan Stock Exchange (PSX) reached a historic milestone on Tuesday, as the benchmark KSE-100 Index surged by nearly 1,300 points, closing above the 104,000 mark for the first time. The index finished at 104,559.07 points, marking an...
FinMin calls for strong action against cartelisation
ISLAMABAD: Finance Minister Muhammad Aurangzeb emphasized the need for decisive action to eliminate cartelization from various economic sectors and markets across Pakistan. During his visit to the Competition Commission of Pakistan (CCP) to assess i...
KSE-100 soars 4,700 points, closes above 99k as PTI protest ends
KARACHI: After experiencing its largest single-day drop of over 3,500 points, the Pakistan Stock Exchange (PSX) made an impressive recovery, with the benchmark KSE-100 Index surging by nearly 4,700 points, marking the highest-ever single-day point ga...
Gold prices hit one-week high
KARACHI: Gold prices continued their upward momentum on Wednesday, marking a one-week high as investors sought the safety of the precious metal amid growing geopolitical uncertainty, particularly the escalating Russia-Ukraine conflict. Spot gold ros...
Profit-taking drags PSX down, KSE-100 falls by 310 points
KARACHI: The Pakistan Stock Exchange (PSX) saw profit-taking on Wednesday, resulting in a decline of 310 points in the benchmark KSE-100 Index, which closed at 95,546.45, down 0.32%. The session began on a positive note, with the KSE-100 rising to a...
Ahsan Iqbal proposes GSP-Plus and 5Es framework for export-led growth
ISLAMABAD: Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, proposed a comprehensive strategy to align the European Union’s Generalized Scheme of Preferences (GSP-Plus) program with Pakistan’s 5Es framewo...
Gold price soars by Rs3,600 per tola
KARACHI: Gold prices in Pakistan saw a significant rise on Tuesday, mirroring the global uptrend. The price of gold per tola surged by Rs3,600, reaching Rs273,500, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Similarly...
KSE-100 hits record high, closes above 95,000
ISLAMABAD: Pakistan’s stock market extended its upward momentum on Tuesday, with the benchmark KSE-100 index closing above 95,000 for the first time in history, marking a new milestone in its bullish run. The index surged by 861 points, or 0.9...
IMF warns “tit-for-tat” tariffs could disrupt Asia’s eco growth
PHILIPPINES: The International Monetary Fund (IMF) issued a stark warning on Tuesday, cautioning that escalating “tit-for-tat” tariffs could jeopardize Asia’s economic prospects, disrupt global supply chains, and increase costs for...
