KARACHI: The Pakistani rupee gained for the second consecutive session to reach Rs238.84 against the dollar on Monday as the government officials outlined measures to reduce pressure on the economy. The local unit gained 53 paisas to close at Rs238.84 to the dollar from Friday’s closing of Rs239.37 in the interbank foreign exchange market. The … Read more
KARACHI: The Pakistan Stock Exchange closed on a negative note on Friday, as the swelling current account deficit and global rating agencies downgrading Pakistan’s rating dented the investors’ confidence, analysts said. The Pakistan Stock Exchange KSE-100 shares Index shed 0.31 per cent, or 126.28 points, to close at 40,150.36 points. The KSE-30 shares Index shed … Read more
KARACHI: Google, on the occasion of the 10th birthday of Google Play, is offering 10x Play Points for its members on everything they purchase by activating a points booster, a statement said on Friday. Google is also unveiling a new logo that better reflects the magic of Google and 10x Play Points bonus for the … Read more
KARACHI: The rupee gained 57 paisas to reach Rs239.37 against the dollar on Friday, as the political dust settles, providing a sigh of relief to the investors and traders. The local unit gained 57 paisas to close at Rs239.37 to the dollar from Thursday’s closing of Rs239. 94 in the interbank foreign exchange market. Currency … Read more
ISLAMABAD: The Islamabad Policy Research Institute (IPRI) on Thursday organised a round table conference on ‘Blue Economy of Pakistan’, a statement said. The conference deliberated as to how the blue economy of Pakistan could be molded in national life and benefit from its vibrancy at home and abroad, it added. The discussion was part of … Read more
KARACHI: The Pakistan equity market closed in a green zone on Thursday as the investors’ confidence was boosted by political clarity and the ongoing results’ season. The Pakistan Stock Exchange KSE-100 shares Index gained 0.76 per cent, or 304 points, to close at 40,276.64 points. The KSE-30 shares Index gained 0.96 per cent, or 144.91 … Read more
KARACHI: Gold witnessed the record single-day increase of Rs8,500 to reach an all-time high of Rs160,500/tola on Thursday as the rupee slumped to record low in the interbank foreign exchange market. Gold 24kt gained Rs8,500/tola and Rs7,288/10 grammes to hit Rs160,500/tola and Rs137,603/10 grammes, respectively. The record single-day increase in the prices of gold can … Read more
KARACHI: The Pakistani rupee slumped to the historic low of Rs239.94 against the dollar on Thursday as the economic and political condition of the country worsened. The local unit shed Rs 3.92 to close at Rs239.94 to the dollar from Wednesday’s closing of Rs 236.02 in the interbank foreign exchange market. The analysts attributed the … Read more
KARACHI: The Pakistan stock market remained under pressure throughout the session on Wednesday due to concern regarding the uncertain economic and political situation in the country. An analyst at Arif Habib Corp said that the benchmark KSE-100 Index witnessed a volatile session as the investor opted to remain on the sideways as rupee continued its … Read more
KARACHI: The free-fall in the value of Pakistani rupee continued as it plunged to the historic low of Rs236.02 against the dollar on Wednesday. The local unit shed Rs3.09 to close at Rs236.02 to the dollar from Tuesday’s closing of Rs232.93 in the interbank foreign exchange market. Currency experts said that the local currency has … Read more
ISLAMABAD: The Islamabad Policy Research Institute on Tuesday held a roundtable conference on “Web 3.0: The Economic Possibilities and Regulatory Framework Challenges”, which was attended by an alumni of experts from the public sector, banking, entrepreneurs and information technology, a statement said. The transformation of the web-world and the dynamics of artificial intelligence were brought … Read more
KARACHI: The Pakistan stocks showed recovery in the earnings season rally on Friday as the investor weighed the strong data of $271 million foreign direct investment (FDIs) in June 2022. Ahsan Mehanti at Arif Habib Corp said that post International Monetary Fund (IMF) staff level agreement to release the tranche next month, reports of a … Read more
KARACHI: The China-Pakistan Economic Corridor (CPEC) offers a huge business opportunity to Pakistan’s logistic companies in the areas of truck operations, an official said. TCS Private Limited Chief Executive Officer Haris Jamali said that the government is working with the private sector to enhance the logistic network via road links in regional countries to tap … Read more
KARACHI: The free-fall in the value of Pakistani rupee continued as it hit the historic low level of Rs228.37 against the dollar on Friday due to political turmoil besides bleak macroeconomic indicators. The local unit shed Rs1.56 to close at Rs228.37 to the dollar from Thursday’s closing of Rs226.81 in the interbank foreign exchange market. … Read more
KARACHI: The Pakistan stocks hit a 21-month low to close below the level of 40,000 points on Thursday, as the rupee touched the historical low of 227/dollar in the interbank market, dealers said. An analyst at Pearl Securities said the ongoing political uncertainty kept dragging the market sentiment, wherein, the Punjab chief minister’s election would … Read more
KARACHI: The rupee made a new low of Rs226.81 against the dollar on Thursday due to the prevailing situation, including political uncertainty and fiscal weaknesses, dealers said. The rupee lost Rs1.89 to close at Rs226.81 against the greenback from the previous day’s closing of Rs224.92 in the interbank foreign exchange market. Experts said unstable political … Read more
LAHORE: President of Pakistan Dr Arif Alvi on Wednesday has stressed the need for taking effective measures for promoting the chemical industry. “The chemical industry is performing far below its actual potential. There is a need to bring ease in doing business to encourage investment in the sector having enormous growth potential,” he said while … Read more
KARACHI: The Pakistan bourse witnessed recovery in the earnings season on Wednesday, as investors weigh on surging global equities and a strong data of $31.3 billion in remittances for fiscal year 2022. Ahsan Mehanti at Arif Habib Corp said that post International Monetary Fund (IMF) staff level agreement to release the next tranche this month … Read more
KARACHI: The Pakistani rupee declined Rs 2.93 on Wednesday to reach the historic low level of Rs 224.92 against the dollar as uncertainty prevailed on the economic and political front. The local unit shed Rs 2.93 to close at Rs 224.92 to the dollar from Tuesday’s closing of Rs 221.99 in the interbank foreign exchange … Read more
KARACHI: The Islamabad Policy Research Institute (IPRI) held a presentation on ‘Exploring Web 3.0’, and discussed its application in the realms of artificial intelligence, a statement said. The upcoming generation of the web, still in an evolutionary phase, uses decentralisation, blockchain-based technology, machine learning and artificial intelligence, it was said during the presentation. Komal Salman … Read more
ISLAMABAD: Popular short-form video platform TikTok has released its latest Community Guidelines Enforcement Report for the first quarter of 2022 (January-March 2022), including updates on its commitment to support the safety of the community and foster kindness on the platform. The report reflects the platform’s ongoing commitment to earn confidence by being accountable, while working … Read more
ISLAMABAD: Barrick Gold expects the Pakistani government to sanctify its $6 billion out-of-court settlement on international arbitration to pave the way for $7 billion investment in the Reko Diq deal, an official said on Tuesday. In a media briefing after his meeting with Finance Minister Miftah Ismail, Barrick Gold Corporation President and Chief Executive Mark … Read more
KARACHI: The Pakistan equity market witnessed a bloodbath session on Tuesday due to intense selling pressure amid renewed uncertainty on the political front besides record rupee depreciation. An analyst at Pearl Securities said that the market witnessed a bloodbath after a sideways opening. “The market witnessed a selling spree across the board over uncertain political … Read more
KARACHI: The gold prices recorded a significant gain of Rs2,800 in the local market to reach Rs145,200/tola on Tuesday as the Pakistani rupee plunged to the historic low. Gold 24kt gained Rs2,800/tola and Rs2,400/10 grammes to hit Rs145,200/tola and Rs124,485/10 grammes, respectively. The major increase in the prices of gold were recorded amid the record … Read more
KARACHI: Factories are under the risk of closures or facing financial penalties for not being able to keep up with their production schedules and export deadlines due to unprecedented rupee depreciation. Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Acting President Suleman Chawla said that the unprecedented volatility in the rupee-dollar parity is playing … Read more
KARACHI: The Pakistani rupee recorded a significant single day decline of Rs6.79 against the dollar on Tuesday to hit the historic low of Rs221.99 as the country faces a serious political and economic crisis. The local unit shed Rs6.79 to close at Rs221.99 to the dollar from Monday’s closing of Rs215.20 in the interbank foreign … Read more
LAHORE: The National Transmission and Dispatch Company Limited (NTDC) has completed the rehabilitation work of six collapsed towers of the 500kV Shikarpur- Dadu (Ckt-II) transmission line near Larkana, a statement said. The transmission line has been energised successfully and started power supply from South to North, it added. NTDC spokesman said that the team carried … Read more
LAHORE: Pakistan Chemical Manufacturers Association (PCMA) is organising Pakistan’s first chemical expo ‘Pak Chem Expo 2022’ at Lahore Expo Centre, a statement said on Tuesday. Scheduled for July 19 and July 20, the expo will see participation from as many as 90 local and 10 international exhibitors, it added. PCMA Senior Vice Chairman Haroon Ali … Read more
