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KIBOR falls after 'lower-than-expected' inflation reading
Karachi: Karachi Interbank Offered Rate (KIBOR) dropped notably following release of Consumer Price Index (CPI)-based inflation figures. Six-month KIBOR fell by 14 basis points (bps) on day-to-day basis (DoD) to 21.59 percent. Three- and nine-month K...
KSE-100 gains 626pts on oil, gas scrips
Karachi: Pakistan Stock Exchange benchmark KSE-100 gained 626 points. At close, benchmark index settled at 65,951.72, an increase of 626.04 points or 0.96 percent. Buying was witnessed in index-heavy shares with Engro, OGDC, PPL and SNGP settling in...
Pakistan-Afghanistan trade restart, boosting economies
The commercial activities between Pakistan and Afghanistan through Chaman-Spin Boldak border have been restored. On November 16, 2023, Pakistan declared the end of the document regime for entry and exit on the Pak-Afghan border, after which local peo...
Jubilee Life, SEED Ventures host ‘Enterprise Challenge Pakistan Fundraising’ event
Karachi: Jubilee Life Insurance hosted fundraising dinner for Enterprise Challenge Pakistan (ECP), national entrepreneurship competition for 14-18-year-old students, with distinguished guests in attendance including Sarah Mooney British Deputy High C...
Pakistan ‘bankrupt’ and ‘sinking deeper every year’: Atif Mian
Karachi: Atif Mian, noted Pakistani-American economist and currently professor of Economics, Public Policy and Finance at Princeton University has said that Pakistan “Is bankrupt” and “Sinking deeper every year”. In series of...
Country’s exports to Afghanistan increase by 3.63pc in 6MFY24
ISLAMABAD: Pakistan’s export of goods and services to Afghanistan witnessed an increase of 3.63 percent during first six months of current fiscal year (2023-24) as compared to exports of corresponding period of last year, State Bank of Pakistan...
Pakistan sovereign dollar bonds drop as election results trickle in
SINGAPORE: Pakistan’s dollar-denominated government bonds slipped by as much as 2 cents on Friday as election results in country slowly started to come in, with main political parties tied neck and neck in early results. South Asian country is...
Mari acquires working interest in Zarghun South, Nareli Block
Karachi: Mari Petroleum Company Limited (MARI) has acquired working interest from Spud Energy Pty Ltd (SEPL) in Zarghun South and Nareli Block. Mari shared development in its notice to Pakistan Stock Exchange. “Mari and SEPL have signed agreeme...
ATRL sees profit decline 37pc in 2QFY24
Karachi: Despite higher sales, Attock Refinery Limited (ATRL) subsidiary of Attock Oil Company Limited saw its profit-after-tax (PAT) drop over 37 percent, clocking in at Rs 5.26 billion in 2QFY24 on consolidated basis for period ended December 31, 2...
Saudi Minister witnesses FPCCI-MANAFEA accord: FPCCI
Karachi: FPCCI represented Pakistan’s private sector in Makkah Halal Forum 2024 and has apprised that global halal foods market size has reached whopping $ 2.5 trillion. It doesn’t stop there as it will continue to grow at 13.5 percent pe...
