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Unnecessary eid holidays will push us down economically
KARACHI: Ismail Suttar Chairman Salt Manufacturers Association of Pakistan (SMAP) rejecting excessive holidays for Eid ul Fitr stated that five days of Eid holidays is highly inefficient decision notified from government in such crippling economic cr...
Rupee stays flat in value against dollar
Karachi: Rupee remained largely unchanged against dollar during trading in inter-bank market. According to State Bank of Pakistan domestic unit settled at 283.89 an increase of 0.01 paisa. Development comes after rupee regained some ground against do...
KSE-100 closes flat, volume remains subdued
Karachi: Pakistan Stock Exchange (PSX) saw mixed session and KSE-100 Index rose 0.13 percent owing to mixture of upside and downside pressures. Political instability kept investors mostly on sidelines with volume on all-share index remaining subdued....
Pakistan’s textile exports plunge 22.6pc in March
Karachi: Exports of Pakistan’s textile sector witnessed significant decline of 22.6 percent, clocking in at $ 1.26 billion in March 2023 compared to $ 1.63 billion recorded in same month of previous year, showed latest data released by Pakistan...
KSE-100 Index closes green on banking, power scrips
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index saw positive session and KSE-100 Index rose 0.5 percent as investors remained optimistic of staff-level agreement between Pakistan and International Monetary Fund (IMF) for disbursement of next tra...
Pakistan, Russia conclude second round of crude oil talks, negotiate payment mode
LAHORE: Pakistan and Russia have concluded second round of talks over crude oil imports, moving one step forward in deciding mode of payment, sources claim. Sources claimed Russian crude oil is expected to arrive in Pakistan in May if order was succe...
Jul-Feb Large Scale Manufacturing Industries output dips 5.56pc YoY
Karachi: Large Scale Manufacturing Industries (LSMI) output declined by 5.56 percent during first eight months (July-February) of 2022-23 when compared with same period of last year, according to latest data released by Pakistan Bureau of Statistics...
Rupee sheds value, settles at 284.71 against dollar
Karachi: Rupee ended its three-session winning streak against dollar as currency depreciated 0.11 percent in the inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 284.71, decrease of Re 0.31. During previous week,...
PSX ends session flat as KSE-100 ‘remains mostly directionless’
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed another turbulent session as benchmark KSE-100 Index ended trading session on flat note, while volume and value of shares traded improved from last close. At close, KSE-100 Index settled...
Meeting with investors in US, economy on its way to achieving stability: SBP Chief
Karachi: State Bank of Pakistan (SBP) Governor Jameel Ahmad said Pakistan is on its way to achieving macroeconomic stability as impact of policy measures is already playing out in economy. In meeting with international investors and fund managers in...
