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Rupee remains flat against dollar
KARACHI: Rupee remained unchanged against dollar in interbank market. At close, domestic unit settled at 277.73, gain of 0.01 paisa against greenback. In open market, unit showed no any significant change in value on lackluster session. Intern...
Gold price hits new record high
Karachi: Gold price per tola surging by Rs 2,000, reaching new all-time high of Rs 285,400 per tola. This increase comes amid rise in international gold rates, further driving up local market prices. According to All-Pakistan Gems and Jewellers Sara...
Pakistan to explore int’l capital markets in due course: Aurangzeb
Washington: Finance Minister Muhammad Aurangzeb said government would explore tapping international capital markets in due course. Remarks from Aurangzeb came during meeting with delegation of CitiBank led by Jay Collins Vice Chair of Public Sector....
SBP can further slash interest rate in November: Aurangzeb
Finance Minister Muhammad Aurangzeb Wednesday hinted State Bank of Pakistan (SBP) might further slash interest rate in November’s Monetary Policy. “SBP has cut its benchmark interest rate for three consecutive meetings by 450 basis points...
Pakistan requests IMF for $2bn more under climate financing
Washington: Pakistan’s economic delegation, led by Finance Minister met with International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura during annual meetings of IMF and World Bank. Pakistani delegation requested climate financin...
SECP warns public about fraudulent investment platform
KARACHI: Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment/deposit-taking platform operating under name ‘SMARTPAYS’. Platform is being promoted through website, falsely claiming provision of subst...
KSE-100 gains 409pts on institutional buying
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index gained 409 points to close at fresh record high. KSE-100 started session positive, hitting an intra-day high of 86,846.04, followed by late-session selling that trimmed some gains. At cl...
Stay course on reforms, IMF urges Pakistan
WASHINGTON: Jihad Azour Director Middle East and Central Asia Department (MCD) at International Monetary Fund (IMF), has emphasised importance of “Staying course” on reforms as Pakistan remains enrolled in 37-month, $ 7-billion Extended F...
Gold hits Rs277,900 per tola
KARACHI: Yellow metal price maintained upward trajectory on Thursday in line with international rates. In local market, price of gold per tola increased by Rs 700, clocking in at Rs 277,900 per toal, which is latest record high in Pakistan. Similarl...
Rupee improves slightly against dollar
Karachi: Rupee recorded marginal improvement against dollar, appreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.79, gain of 0.05 paisa against greenback. Internationally, dollar held near an 11-week high on Thursda...
