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Web Desk
Jan 22, 2025

PKR gains slightly against US dollar in early trading

The Pakistani rupee (PKR) showed a slight improvement against the US dollar (USD) on Wednesday, appreciating by 0.04 per cent in the interbank market during the early hours of trading.

Business

Web Desk Karachi
Jan 22, 2025

Abu Dhabi sets course for a tech-enabled future with new ‘Digital Strategy 2025-2027’

Key goals include establishing a robust digital, fully digitising and automating government operations, and introducing a unified enterprise resource planning (ERP) platform to improve efficiency and streamline processes.

Business

Web Desk Karachi
Jan 22, 2025

Pakistan sees net outflow of $38.5 million from foreign investors in T-bills

According to data released by the State Bank of Pakistan (SBP), foreign investors put in $51.978 million into T-bills by January 10, but withdrew $90.51 million, resulting in a net outflow of $38.5 million.

Business

Web Desk
Jan 22, 2025

FinMin urges structural reforms to tackle Pakistan’s twin deficits

Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, addressed a high-level panel discussion at the World Economic Forum, shedding light on the growing global debt burden on developing economies.

Business

Web Desk Karachi
Jan 22, 2025

Gwadar International Airport a strategic asset for Pakistan’s economic future: PM

The recently inaugurated airport covers an area of 4,300 acres and features a single runway that measures 3,658 meters in length and 75 meters in width, to accommodate large aircraft such as the Airbus A380 and Boeing 747.

Business

Web Desk Karachi
Jan 22, 2025

PTCL Group’s Rs4 billion investment aims to enhance U Bank’s Islamic banking, digital transformation

This investment aligns with U Bank’s strategic focus on its ‘Year of Transformation’, which prioritises the shift towards Islamic banking and the expansion of its digital presence.

Business

Web Desk Karachi
Jan 22, 2025

K-Electric owes govt over Rs225 billion, including Rs186.5 billion in interest

According to the Power Division’s monthly report, the power sector’s circular debt stood at Rs2.381 trillion at the end of November 2024, showing a decrease of approximately 11 percent from Rs2.678 trillion in November 2023.

Business

Web Desk
Jan 22, 2025

PSX plunges into red as KSE-100 sheds over 400 points

On the third trading day of the week, the Pakistan Stock Exchange (PSX) entered negative territory, with the benchmark KSE-100 index down by 46 points compared to the previous day’s close of 115,042.25.

Business

Reuters
Jan 22, 2025

Gold prices jump to 11-week high amid policy uncertainty, soft dollar

Gold prices climbed to a fresh 11-week peak on Wednesday, boosted by safe haven demand amid uncertainty surrounding US President Donald Trump’s trade policies and a softer dollar.

Business

Reuters
Jan 22, 2025

Oil prices little changed as investors debate Trump policies

Oil prices were little changed in early trading on Wednesday as markets weighed US President Donald Trump’s declaration of a national energy emergency on his first day in office and its impact on supply.