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Web Desk
Dec 07, 2023

Interbank closing: rupee sees modest gain of few paisa vs dollar

In Thursday’s interbank trading, the Pakistani rupee saw a modest gain of 03 paisa against the US dollar, concluding at Rs284.11, a slight improvement from the previous day’s closing rate of Rs284.14.

Business

Web Desk
Dec 07, 2023

Gold price increase by Rs800 per tola

On the other hand, impacts of the increase in gold prices are also seen in domestic markets

Business

Web Desk
Dec 07, 2023

IMF proposes digital overhaul for Pakistan’s budget making process

The technical assistance mission of the International Monetary Fund (IMF) has reassured Pakistan by proposing solutions for digitising the budget-making process.

Business

Shahzad Paracha
Dec 06, 2023

12 importers face probe over alleged Rs477.3 million money laundering

The Customs Intelligence has initiated an inquiry into an alleged money laundering operation involving 12 importers who stand accused of transmitting foreign exchange amounting to Rs477.3 million ($1.69 million) through illegitimate channels.

Business

Web Desk
Dec 06, 2023

PKR extends winning streak, closes at Rs284.14 vs dollar

The Pakistani Rupee (PKR) continued its upward trend on Wednesday, gaining more than 23 paisa against the US dollar (USD) and concluding the day at Rs284.14.

Business

Web Desk
Dec 06, 2023

PSX gains 961.7 points to close at new record high of 63,917.72 points

The Pakistan Stock Exchange (PSX) continues its robust performance, as the benchmark KSE-100 Index surged by 961.7 points, or 1.53%, reaching a new record high of 63,917.72 at the close of today’s session.

Business

Web Desk
Dec 06, 2023

Stock market pushes upwards, crosses 63,000 points

The benchmark KSE-100 index opened at 62,956.02 points and quickly jumped over 300 points to cross 63,000 points. By noon, the share market had grown 555.46 points, to hover around 63,511.48 points.

Business

Web Desk
Dec 06, 2023

Gold prices in Pakistan witness significant drop

It’s worth noting that gold prices in Pakistan can experience significant variations throughout the day, influenced by trends in the global market.

Business

Web Desk
Dec 06, 2023

Moody’s lowers China’s credit rating outlook to “negative”

China’s post-pandemic recovery has been hampered by weak consumer and business confidence, a persistent housing crisis, record youth unemployment and a global slowdown that is weighing on demand for the country’s goods.

Business

Web Desk
Dec 05, 2023

Pakistan’s central govt debt soars to Rs62.48 trillion

The latest data released by the State Bank of Pakistan (SBP) reveals a substantial increase of 24.45 per cent year-on-year in the total debt of the central government, reaching Rs62.48 trillion in October 2023, compared to Rs50.21 trillion in the same period last year.