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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).

Business

Web Desk
Jul 29, 2024

PSX opens amidst policy rate cut expectations

In less than an hour after opening, the index posted over 400 points gains, reversing the losses from Friday.

Business

Web Desk
Jul 29, 2024

SBP set to announce monetary policy today; rate cut expected

If realised, this adjustment would mark the second consecutive rate cut following a 150 basis point decrease at the last meeting.

Business

Hum News
Jul 28, 2024

Petrol prices expected to decrease by Rs5.50 per litre from August 1

The price of petrol in Pakistan is expected to be reduced by Rs. 5.50 per litre from August 1 due to the decrease in crude oil prices in the global market.