KARACHI: The Pakistan Meteorological Department (PMD) on Friday said the weather was likely to remain extremely hot and humid in the city next week as well, Bol News reported. “Today, the maximum temperature in the city is likely to be 35 degrees. The city recorded a minimum temperature of 26.5 degrees. The forecast for the … Read more
Electricity supply to Gwadar from Iran will be formally started. This was stated by Chief Secretary Balochistan Abdul Aziz Aqeeli Prime Minister will also open the project of first cross-stuffing facility ISLAMABAD: Prime Minister Shehbaz Sharif will inaugurate the 100 MW Iran-Gwadar power transmission project during his visit to Balochistan next week. This was stated … Read more
KARACHI: Large import bill and a significant decline in the foreign exchange reserves may further destabilise the rupee next week, dealers said. The higher import bill and a decline in the forex reserves have deteriorated the value of the local unit to the historic low of Rs176.77 against the dollar on December 3, 2021. The … Read more
KARACHI: As expected, the Pakistan stock market remained under pressure after the central bank increased the benchmark interest rate by 150 basis points against the general consensus of 100bps. Also, the news of the current account deficit deteriorating to $1.66 billion created further volatility in the market. “For the upcoming week, we expect the market … Read more
KARACHI: The planned inflows under the Saudi assistance package next week may help ease rupee volatility. According to the government authorities, the Saudi support of $3 billion would be transferred directly to the State Bank of Pakistan (SBP) next week. Saudi Arabia on October 26, 2021 announced to support Pakistan in managing its balance of … Read more
KARACHI: The Pakistan stocks are expected to come under pressure after the State Bank of Pakistan (SBP) increased the benchmark interest rates by 150bps against the general consensus of 100bps to 8.75 per cent, dealers said. An analyst at AKD Securities said the news of the current account deficit deteriorating to $1.7 billion would also … Read more
KARACHI: The Pakistan stocks had a green outgoing week, while the analysts expect the market to show positivity in the upcoming week attributable to conclusion of talks with the International Monetary Fund (IMF) for the sixth tranche. “Moreover, support from Saudi Arabia in terms of safe deposits, IMF tranche, and the upcoming Sukuk issue is … Read more
Karachi to experience more chilly days the met department has issued for the fresh spell of rain next week. Met Department said that Rain system is likely to enter in Karachi from Iran on 8th of this month. Cold weather is likely to persist as the rain will drop temperatures of southern region of the … Read more
