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Pakistan now hopes to ink deal with IMF before budget on Friday: Report
Karachi: Amid an incessant delay in revival of bailout programme, Pakistani authorities are now hopeful of inking deal with International Monetary Fund (IMF) before they unveil budget on June 9, said Ministry of Finance in an emailed response to ques...
Rupee sheds value versus dollar in inter-bank SBP
Karachi: Rupee maintained its downward trajectory against dollar for third consecutive session in inter-bank market, depreciating 0.13 percent. At close, domestic unit settled at 286.56, decline of 0.37 paisa as per State Bank of Pakistan. In open-ma...
Trade deficit narrows by 41pc in 11M FY23
ISLAMABAD: Trade deficit witnessed decline of 40.59 percent during first eleven months of current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Trade deficit during July-May 2022-23 was re...
Inter-bank market: rupee falls, settles at 286.19 against dollar
Karachi: Rupee registered losses for second straight session against dollar, depreciating 0.18 percent in inter-bank market. At close, domestic unit settled at 286.19, decline of 0.51 paisa as per State Bank of Pakistan. Open-market dealers said rate...
KSE-100 rises 315pts on budget optimism
Karachi: Pakistan Stock Exchange (PSX) witnessed positive session and KSE-100 Index ticked up 0.76 percent amid optimism over budget measures. KSE-100 index closed trading session at 41,667.94, an increase of 314.96 points. Trading began with jump ho...
SBP extends date for prize bonds’ encashment
KARACHI: State Bank of Pakistan (SBP) gave last opportunity to holders of prize bonds of Rs 7,500, 15,000, 25,000 and 40,000 redeemed or encashed until June 30, 2023. “Earlier, government had fixed deadline of June 30, 2022, for redemption/enca...
Shipping activity Port Qasim remains brisk
KARACHI: Three ships namely EM Astoria, Yasa Uranus and Nava Aquila scheduled to load/offload containers, cement and mogas, berthed at Qasim International Container Terminal, Multi-Purpose Terminal and Oil Terminal respectively. Meanwhile, four more...
Rupee settles at 285.38 against dollar
Karachi: Rupee improved marginally against dollar, appreciating 0.03 percent in inter-bank market. At close, domestic unit settled at 285.38, an increase of 0.09 paisa as per State Bank of Pakistan. However, in open-market, rupee witnessed significan...
KSE-100 offloads 64pts in turbulent trading session
Karachi: Pakistan Stock Exchange (PSX) remained under grip of pessimism as KSE-100 Index declined 0.15 percent in turbulent trading session. Lack of development over resumption of International Monetary Fund programme kept investors on sidelines. KSE...
Rupee sustains losses, settles at 285.42 against dollar
Karachi: Rupee registered losses against dollar, depreciating 0.09 percent in inter-bank market. At close, domestic unit settled at 285.42, decline of 0.27 paisa as per State Bank of Pakistan. However, in open market, dollar was being traded in range...
