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Web Desk
Apr 23, 2024

Gold rates decline massively by Rs 7800 per tola

The price of 24-karat silver is currently standing at Rs2,650. Internationally also, the gold price saw a price drop of $72, reaching $2,309 per ounce.

Business

Web Desk
Apr 23, 2024

There is no Plan B when you are in IMF loan program: Finance Minister

FM Aurangzeb shed light on the improvements in Pakistan’s financial reserves to the current reserve level of $8 billion. He also said that Pakistan’s foreign exchange reserves are projected to reach $10 billion by June 2024.

Business

Web Desk
Apr 23, 2024

PSX opens with market adjustment expectations after yesterday’s rally

After touching the highest of 71,861.18 points yesterday afternoon, the index slowed down towards the end of the day, still managing to close well above 71,000 points.

Business

Web Desk
Apr 23, 2024

Finance Minister urges universal tax compliance

Aurangzeb claimed that foreign exchange reserves were soon to reach between $9 to $10 billion dollars by June of this year.

Business

Web Desk
Apr 22, 2024

Aurangzeb says IMF very ‘receptive to longer programme’

Says “We are on track to secure a new IMF loan, and macroeconomic conditions are turning in our favour”

Business

Web Desk
Apr 22, 2024

PSX gains over 500 points, closes after impressive rally

On the flipside, the eroding situation in the Middle East and the corresponding cautious approach of the international investors is creating negative pressures on PSX as well.

Business

Web Desk
Apr 22, 2024

Gold rates drop massively

Dealers reported a similar dip in the price of 10 grams of 24-karat gold, which has gone down by Rs3021 to now trade at Rs213,220.

Business

Web Desk
Apr 22, 2024

Mari Petroleum finds hydrocarbon deposits in Sindh’s Daharki

The new find, resulting from exploratory efforts at Shawal-l well, drilled in Mari Development & Production Lease (D&PL), the exploration firm informed the stock market on Monday.

Business

Reuters
Apr 22, 2024

Oil prices fall more than 1 per cent as Iran-Israel tensions ease

“Brent crude prices failed to retain their initial surge, with broad expectations that geopolitical tensions between Israel and Iran may fizzle off given Iran’s tamed response,” said Yeap Jun Rong, market strategist.

Business

Web Desk
Apr 22, 2024

ESG practices in Pakistan’s markets: PSX enters into agreement with LSE

PSX MD said, “Through the implementation of these standardised data tools, PSX-listed companies will be empowered to streamline their data reporting processes, thereby enhancing their market competitiveness.”