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Web Desk
Jun 11, 2024

PSX slumps further, shedding 663 points by close

Despite an initial surge in response to an interest rate cut, the Pakistan Stock Exchange (PSX) experienced a downturn on Tuesday as concerns over potential stringent budgetary measures dampened investor sentiment.

Business

Web Desk
Jun 11, 2024

Interbank closing: PKR depreciates by 12.75 paisa against USD

In Tuesday’s interbank session, the Pakistani rupee (PKR) depreciated by 12.75 paisa against the US dollar (USD), closing at PKR 278.50 per USD, down from the previous session’s closing rate of PKR 278.37 per USD.

Business

Web Desk
Jun 11, 2024

Budget 2024-25: imported mobile phones expected to become pricier

Consumers in Pakistan should brace for higher prices on imported mobile phones, including popular models like iPhones, OnePlus, Samsung flagships, Nothing, and Motorola.

Business

Web Desk
Jun 11, 2024

Budget 2024-25: Imported used cars to become more expensive

In a blow to local automakers, cars worth $210 million were imported, while Rs170 billion was spent on car parts for local assembly, with Rs600 million spent on foreign exchange to procure these parts from international markets.

Business

Web Desk
Jun 11, 2024

World Bank approves $1 billion for Dasu Hydropower Project

The points raised by the World Bank about green energy and sustainable energy are very important given the fact that Pakistan is one of the worst affected countries by global warming or climate change.

Business

Web Desk
Jun 11, 2024

Federal budget 2024-25 to be presented tomorrow

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb will present the budget which has been formulated while ‘considering’ the existing challenges being faced by the economy at domestic and international fronts.

Business

Reuters
Jun 11, 2024

Tesla must face California’s false-marketing claims concerning Autopilot

California is Tesla’s largest US market and accounts for about 10 per cent of global deliveries, but year-over-year sales have fallen for two straight quarters.

Business

Web Desk
Jun 10, 2024

Senate told agriculture sector drives 2.9 per cent of GDP

On Monday, Federal Minister for Law and Justice, Senator Azam Nazeer Tarar, addressed the Upper House of Parliament, highlighting the resilience of Pakistan’s agriculture sector despite the adverse effects of climate change.

Business

Web Desk
Jun 10, 2024

Global oil prices surge as analysts predict strong demand

Global oil prices rose by approximately 2 per cent to reach a one-week high on Monday, driven by optimistic forecasts for increased demand.

Business

Hum News
Jun 10, 2024

Pakistan’s exports to China reach $2.41 bn in first 11 months of FY 2023

Pakistan’s exports to China in May 2024 were recorded at $172.6 million, bringing the total exports to China for the first 11 months of FY 2023-24 to $2.4093 billion, according to a report by the Trade Development Authority of Pakistan (TDAP).