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Web Desk
Jul 30, 2024

Gold price declines by Rs400 per tola

Gold prices in Pakistan saw a decline on Tuesday. The rate for 24-karat gold dropped to Rs252,300 per tola, a reduction of Rs400.

Business

Web Desk
Jul 30, 2024

New monetary policy offers much needed strength to the stock market

Today (Tuesday), the index opens with a quick moderate increase of 85 points by 9:45 AM. The index is expected to maintain strength and reverse some of the losses from the previous few weeks.

Business

Web Desk
Jul 30, 2024

Bitcoin peaks at $70,000 before decline

The volatility came amid a backdrop of political developments and expectations surrounding central bank meetings.

Business

Web Desk
Jul 29, 2024

Pakistan sees $2.215 billion repatriation by foreign investors in FY24

In the fiscal year 2023-2024, foreign investors repatriated $2.215 billion in profits and dividends, according to SBP.

Business

Web Desk
Jul 29, 2024

PSX closes on positive note with KSE-100 up nearly 800 points

The Pakistan Stock Exchange (PSX) began the week on a positive note, with the benchmark KSE-100 Index recording a gain of over 1 per cent.

Business

Web Desk
Jul 29, 2024

Fitch Ratings upgrades Pakistan’s credit rating to ‘CCC+’

Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘CCC’ to ‘CCC+’.

Business

Web Desk
Jul 29, 2024

SBP cuts key policy rate by 100 basis points to 19.5 per cent

The State Bank of Pakistan (SBP) has reduced its key policy rate by 1 percentage point, bringing it down to 19.5 per cent.

Business

Web Desk
Jul 29, 2024

Interbank closing: PKR drops by 16.18 paisa against USD

Pakistani rupee depreciated by 16.18 paisa against US dollar during the interbank session, with the exchange rate settling at PKR 278.50.

Business

Web Desk
Jul 29, 2024

Gold prices makes marginal gains in Pakistan

The 10-gram gold was sold at Rs216,650 after it registered an increase of Rs172, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).