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Web Desk
May 13, 2024

Stock market tops 74,000 mark with 1,000 points gain

Since opening, the market has been steadily showing positive trend, finally breaching the 74,000 points mark shortly after 1:00 PM.

Business

Web Desk
May 13, 2024

Miyazaki mangoes make million-rupee debut in Karachi

In international markets, these premium mangoes fetch prices ranging from $800-$900 per kilogram, translating to Rs 250,000 to Rs 300,000 per kg in Pakistan.

Business

Web Desk
May 13, 2024

Mobile phone prices decline in Pakistan

According to market sources, flagship smartphones once commanding a hefty price tag of Rs100,000 have now become accessible to the masses, with prices ranging from Rs65,000 to Rs70,000.

Business

Web Desk
May 13, 2024

Palestine Cola – Rival drink of Pepsi, Coca Cola reaches multimillion sales

The distinctive cans feature historic symbols of Palestine, such as olive branches and a Palestinian keffiyeh design, and the words “liberty for everyone”.

Business

Web Desk
May 13, 2024

Petrol prices likely to reduce by Rs 12 from May 15

At the end of last year, the price of Brent crude oil fell to 73 dollars per barrel due to a significant decrease in the prices of crude oil in the world market.

Business

Web Desk
May 13, 2024

Stock market begins with hopes of extending Friday’s bullish run

Last week, the stock market went through fluctuations on most days, despite closing in green. By Friday, the index had stabilised, which is expected to continue into today’s session.

Business

Web Desk
May 12, 2024

Low external financing may squeeze private sector credit, IMF report warns

The IMF further cautions that disruptions in shipping or tightening global financial conditions could add to Pakistan’s external stability woes.

Business

Web Desk
May 12, 2024

No such thing as strategic SOEs, says Aurangzeb after Dar uses term in CCoP

FM Aurangzeb’s comments came during a pre-budget conference in Lahore, following Deputy Prime Minister Ishaq Dar’s announcement that the government would limit its involvement to ‘strategic’ and ‘essential’ SOEs.

Business

Web Desk
May 12, 2024

IMF approves central bank’s decision to keep policy rate unchanged

IMF recommended continued proactive accumulation of reserves through interbank purchases, but also cautioned against expectations of continued rupee stability in the future.