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Gold price jumps to Rs218,300 per tola
Karachi: Gold price jumped to an all-time high and surpassed Rs 218,000 mark as domestic unit slumped to historic low against dollar with country failing to bring confidence back to market. According to data released by All-Pakistan Sarafa Gems and J...
Rupee plunges to new all-time low against dollar
Karachi: Rupee took another hammering on Tuesday and plunged to fresh all-time low of 288.43 against dollar in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit depreciated Rs 1.34 or 0.46 percent. Ismail Iqbal Securities He...
KSE-100 index closes flat on mixed session
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index endured mixed session and KSE-100 Index closed almost flat after oscillating in red and green zones. Lack of progress on International Monetary Fund (IMF) bailout kept investors on sidelines. At cl...
SITE Association condemns increase in power tariff, affecting SMEs badly
Karachi: Chairman BMG Zubair Motiwala and President SITE Association of Industry Riaz Uddin condemned unbearable increase in electric tariff as result of forced withdrawal of Rs 19.99/kWh effective March 1, 2023. Unfortunately, this abrupt tariff hik...
Rupee struggles against dollar, settles at 287.09
Karachi: Rupee witnessed significant decline against dollar in inter-bank market on Monday. As per State Bank of Pakistan (SBP), domestic unit closed at 287.09, down 2.44 or 0.85 percent. During previous week to close at 284.65. Currency fell in four...
PSX loses 214pts on dull trading
Karachi: Pakistan Stock Exchange (PSX) KSE-1000 index declined by 213.75 points, showing negative change of 0.53 percent, closing at 39,835.90 points against 40,049.65 points previous day. Total of 105,892,904 shares were traded during day as compare...
Suzuki raises motorbike prices by up to Rs46,000
KARACHI: After Honda and Yamaha, Suzuki has also increased prices of its motorbikes by up to Rs 46,000, report said. According to circular issued by Suzuki Company to dealers, price of Suzuki GD 110cc has been increased by Rs 29,000 to Rs 322,000. Pr...
Rupee falls slightly against dollar
Karachi: Rupee depreciated slightly against dollar in inter-bank market. As per State Bank of Pakistan (SBP), local currency closed at 284.65, down 0.23 paisa or 0.08 percent. As per State Bank of Pakistan Domestic unit closed at 284.65, down 0.23. T...
KSE-100 sheds 301pts on muted session
Karachi: Pakistan Stock Exchange (PSX) KSE-1000 index saw muted session and KSE-100 Index fell 0.75 percent as reports circulated that Finance Minister Ishaq Dar has pulled out of his visit to World Bank and International Monetary Fund spring meeting...
President SAI calls for urgent resumption of gas to all industries
KARACHI: President SITE Association of Industry (SAI) Riaz Uddin condemned suspension in gas supply to Industries and their captive power plants (CPP) and requested federal and provincial governments to take an immediate notice of grave situation cre...
