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Web Desk
Sep 06, 2024

Intraday trading: PKR rises by over 20 paisa against USD

On the last trading day of the week, the Pakistani rupee (PKR) showed a slight improvement against the US dollar, gaining 0.08 per cent during early trading hours in the inter-bank market on Friday.

Business

Web Desk
Sep 06, 2024

What the new banknotes in Pakistan could look like?

The State Bank of Pakistan (SBP) has unveiled potential designs for new currency notes across all denominations, providing a glimpse into what the new banknotes might look like.

Business

Web Desk
Sep 06, 2024

Pakistan’s total central govt debt surges by over 12 per cent YoY

The central government’s total debt increased by 12.67 per cent year-on-year (YoY), reaching Rs69.6 trillion in July 2024.

Business

Reuters
Sep 06, 2024

OPEC+ agrees to delay October oil output hike for two months

Dispute between rival factions in OPEC that led to a loss of at least 700,000 bpd of production has supported oil in recent weeks.

Business

Web Desk
Sep 06, 2024

PSX shows mixed performance, gains slightly amid low trading activity

Market experts noted that blue-chip stocks faced profit-taking from institutional investors causing downward pressures on the bourse.

Business

Web Desk
Sep 06, 2024

State Bank’s forex reserves rise by $33.4 million in a week

The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $33.4 million, or 0.36 per cent, reaching $9.44 billion.

Business

Web Desk
Sep 05, 2024

Analysts expect 150 basis points cut in policy rate on September 12

Analysts predict that the State Bank of Pakistan (SBP) will likely maintain its trend of easing monetary policy, with expectations of a third consecutive rate cut.

Business

Web Desk
Sep 05, 2024

Gold reverses losses in local market with Rs2,000 per tola surge

Gold prices in Pakistan rebounded on Thursday, recovering some of the losses from earlier in the week.

Business

AFP
Sep 05, 2024

China’s Xi promises $50 billion for Africa over next three years

Business

Web Desk
Sep 05, 2024

IMF wants Pakistan to end price controls on key agricultural products

The International Monetary Fund (IMF) has placed a significant condition on Pakistan, prohibiting the federal and provincial governments from setting support prices for agricultural products such as wheat, sugarcane, and cotton.