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Web Desk
Aug 02, 2024

Gold price increases by Rs2,400 per tola in Pakistan

Gold prices in Pakistan continued to rise on Friday, reflecting the upward trend observed in global markets. In the local market, the price of gold per tola reached Rs257,300, marking an increase of Rs2,400.

Business

Web Desk
Aug 02, 2024

Interbank closing: PKR appreciates by 16.4 paisa against USD

In Friday’s interbank market, the Pakistani rupee (PKR) appreciated by 16.4 paisa against the US dollar (USD).

Business

Web Desk
Aug 02, 2024

Turnaround in KSE-100, stock market up by 620 points

This is the first time since Monday that the index has shown noticeable recovery. Yesterday’s closing was the lowest closing in this week.

Business

Web Desk
Aug 02, 2024

Stock market slips further to lowest position in the week

Inflation remains high, along with deterioration in the foreign currency reserves due to heavy debt payments.

Business

Web Desk
Aug 01, 2024

SBP-held foreign exchange reserves rise by $75 million

The State Bank of Pakistan (SBP) reported a $75 million increase, or 0.83 per cent, in its foreign exchange reserves for the week ending 26 July 2024, bringing the total to $9.1 billion.

Business

Web Desk
Aug 01, 2024

New committee formed to address pharmaceutical pricing issues

A committee has been established to address drug pricing issues and tackle current challenges within Pakistan’s pharmaceutical sector.

Business

Web Desk
Aug 01, 2024

Rising Middle East tensions, declining inventories push global oil prices higher

Global oil prices continued their upward trajectory on Thursday, following a nearly 4 per cent surge the previous day due to escalating geopolitical tensions in the Middle East.

Business

Web Desk
Aug 01, 2024

Pakistan’s headline inflation eases to 11.1 per cent in July: PBS report

Pakistan’s headline inflation eased to 11.1 per cent year-on-year in July 2024, marking a decline from June’s 12.6 per cent and reaching its lowest point since November 2021, when it was 11.5 per cent.