KARACHI: Facebook has launched its flagship skill development programme ‘Rise’ in Pakistan to help advertising agencies and marketing professionals develop new and contemporary skills for professional success and fulfillment, a statement said. Initially launched in Brazil in 2020, Rise has now grown to 18 countries across four continents to supplement global efforts for the economic … Read more
KARACHI: Pakistani rupee edged down by 2 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. The dollar is being traded at Rs175.50 at the opening of the interbank market. The exchange rate was closed at Rs175.48 on Wednesday December 1, 2021. Read more: Rupee recovers 24 paisas against … Read more
LAHORE: Double taxation, high cost of doing business and the lack of infrastructure in the market were big challenges, an official said. Talking to a delegation of the Textile Traders Association of Pakistan, Lahore Chamber of Commerce and Industry president Mian Nauman Kabir said that the resolution of these issues is in the interests of … Read more
RIYADH: Saudi Arabia issued licenses to 16 fintech companies in the third quarter of 2021, Sabq quoted Saudi Central Bank governor, as saying at an event. Fahad Almubarak said 13 of those companies work in the field of payments and electronic wallets, and three firms are engaged in insurance and finance sector. Saudi Arabia witnessed a 37 … Read more
KARACHI: The State Bank of Pakistan (SBP) has said that the country’s exports during the last decade remain sporadic and unsustainable, compared with the peer countries. The peer countries, such as India and China, have fared better than Pakistan, the SBP said in its annual report on the State of Pakistan’s Economy released this week. … Read more
RIYADH: The EU is moving forward with plans to build a cross-continental financial system with four new legislative proposals, Bloomberg reported. This comes six years after it was first announced and a year after the latest re-launch. The EU’s executive arm hopes a “capital markets union” will break down barriers between 27 national financial markets and rulebooks … Read more
RIYADH: Foreign inflows in the Saudi capital market since 2019 have reached nearly SR135 billion ($35.98 billion), despite the kingdom being at an early stage in dealing with external investors, Arab News quoted Capital Market Authority chairman Mohammed ElKuwaiz, as saying. Opening the market for foreign investment supports diversification of funding sources for listed companies, ElKuwaiz said, … Read more
KARACHI: The Pakistan Stock Exchange (PSX) announced temporary changes in the duration for closing price determination and market timings, bourse filing said on Thursday. The temporary changes come in the context of reclassification of Pakistan from the MSCI Emerging Market Index to MSCI Frontier Market Index, it added. The ‘closing price’ of securities will be … Read more
KARACHI: The rupee gained 47 paisas against the dollar on Tuesday after certainty in external inflows. The exchange rate ended at Rs174.30 against the dollar from the previous day’s closing of Rs174.77 in the interbank foreign exchange market. The dealers said the market opened positively; following an announcement made by Adviser to the Prime Minister … Read more
GLASGOW: Corporate carbon polluters plant trees to counter their CO2 emissions, but activists warn against greenwashing and say such afforestation schemes detract from the emissions reductions needed to combat climate change. Voluntary carbon offsetting is being hotly debated at the COP26 climate summit in Glasgow. Here’s a backgrounder. How does it work? Carbon offsetting is when a company … Read more
LAHORE: The Pakistan Stock Exchange’s (PSX) most followed benchmark KSE-100 index is celebrating its 30 years of existence. The KSE-100 index is a total return market capitalisation-based index, which was created in 1991 with a base value of 1,000 points. Umair Naseer, associate director research at Topline Securities, said that following international best practices, the … Read more
As shown below, the current GBP to PKR (British Pound to Pakistani Rupee) exchange rate is 226.64 PKR. (Updated on July 30, 2021). Find today’s British Pound to PKR (Pakistan Rupee) rate as per the open market. Today GBP TO PKR (Pakistani Rupee) Check the updated list of UK Pound to PKR Exchange Rate (Updated, … Read more
Karachi: The current Australian Dollar to Pakistan Rupee exchange rate is: (Australian Dollar to Pakistan Rupee 2021): Here is an updated list of AUD TO PKR (Australian Dollar to Pakistan rupees) Exchange Rate. (Updated 30th July 2021) 30th July 2021 AUD To PKR 119.82 Australian Dollar to PKR (AUD to PKR) – Australian Dollar Rate in … Read more
KARACHI: The rupee registered a slight decline of 10 paisas against the dollar on Tuesday because of higher demand for import payments, dealers said. The exchange rate ended at Rs161.33 against the greenback from the previous day’s closing of Rs161.23 in the interbank foreign exchange market. The currency dealers said the rupee slipped because of … Read more
KARACHI: At the end of a dull and shortened week, analysts expect the stock market to remain range-bound to positive in the upcoming week, attributable to the beginning of the results season, which will keep specific companies in the limelight. “[The] exploration and production (E&P) scrips could perform well due to [the] higher international oil … Read more
KARACHI: The Pakistan stocks witnessed a range-bound trading on Friday, as investors remained concerned over the rising Covid-19 cases and decline in the rupee value against the dollar, dealers said. An analyst at Arif Habib Limited said the market traded in a narrow range. “Further slippage of [the] rupee in [the] interbank market prompted investors … Read more
The value of the US Dollar in the inter-bank market has increased by 03 paise today. According to the Exchange Companies Association, the US Dollar increased by RS 03 paisas to 168.19 from 168.16 today. Interbank closing #ExchangeRate for today: https://t.co/dSbAuMuojv pic.twitter.com/zT6ElUtron — SBP (@StateBank_Pak) August 18, 2020 On the other hand, the Pakistan Stock … Read more
Rising sugar prices across the province came to a halt. According to details, a sack of sugar has become cheaper by Rs 100 in Punjab. In the open market, a 100 kg sack of sugar has been reduced from Rs 9,000 to Rs 8,900. [embedpost id=”50366″ slug=”shc-nullifies-sugar-inquiry-commission-report-ordered-fresh-investigation”] During the last three days, a sack of … Read more
The Punjab government has banned the setting up of cattle markets in Lahore and said that SOPs related to cattle markets would be clarified in a few days. According to sources of the Punjab government, in view of the growing outbreak of Coronavirus, markets in cities will be set up in remote areas, while cattle … Read more
The Supreme Court withdrew the order to open the markets on Saturday and Sunday. According to details, a four-member bench headed by Chief Justice Gulzar Ahmed heard the Corona suo motu notice case in the Supreme Court. During the hearing, the Attorney General appeared in court and took the position that the federal government was … Read more
The value of US Dollar has decreased by 57 paisa in interbank. According to the data released by the State Bank of Pakistan, the US Dollar has become 57 paisa cheaper in the interbank market. Forex dealers said, the dollar fell from 164.89 to close at 164.32. Interbank closing #ExchangeRate for today: https://t.co/92cqlNQH4w pic.twitter.com/2VYHAaT6G1 — … Read more
Sindh government has taken a big decision regarding lockdown. A delegation of businessmen had called on Sindh Chief Minister Syed Murad Ali Shah today (May 28) and Sindh government has decided to allow the business community to open markets under SOPs on Friday and Saturday. Businessman Mirza Ikhtiar Baig while talking to BOL News after … Read more
Karachi Sarafa Association said that the gold prices of 24 karat increased by Rs.2000 and now it is trading at Rs.97,000. According to the details, the gold prices is increased by Rs.2000, previously it was trading at Rs. 95,000 per tola but the new prices of 24K gold per tola is Rs.97,000. Similarly, the price … Read more
Sindh government has taken a big decision to open government offices. According to the details, in the first phase, it was decided to open nine government departments and their secretariats Government decided to open Zakat Department, Human Rights Department, Industry and Commerce Department, IT Department from tomorrow (May 11). The Department of Investment, Social Welfare, … Read more
Sindh government has agreed to open small and big markets, says Sharjeel Goplani According to the details, the leader of All City Traders Tajir Ittehad said on Saturday that Sindh government now has no issues to open businesses. Sharjeel Goplani also said, We will open markets from Monday (May 11). Earlier, Sharjeel Goplani had a meeting … Read more
The Sindh government has issued the SOPs for the holy month Ramadan. According to the details, Respect Ramadan Ordinance must be strictly followed. The grocery stores, vegetable and milk shops will be open from 8 am to 5 pm. Dairy shops will be allowed to operate until 8 p.m. Citizens will be not allowed from … Read more
Wall Street fell and backed away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. Reuters reported that three major U.S. stock averages including Wall Street fell following several days of record closing highs and their best … Read more
The last day of the trading week in the Pakistan stock exchange (PSX) has started with a positive note. On Friday, the market started trading at 37,225 and witnesses a shoot up of 40 points in the 100 index during the opening hour. Earlier, Pakistan stock market saw a sharp uptrend on the second day … Read more
