Dollar upward trend receives a pause after 11 days
KARACHI: The US dollar that was witnessing a sharp rise almost on a daily basis for the past 11 days at least as compared...
Caretakers’ jacks up petroleum prices to historic high
ISLAMABAD: The interim government has increased prices of petroleum products by up to Rs20 per litre for the next fortnight amid a rise in...
US dollar again gains strength against Pakistani Rupee
KARACHI: The United States (US) dollar again gains strength against Pakistani Rupee that is causing serious concerns for country;s economy.
The value of the US...
Governor SBP blames global conditions for higher inflation in Pakistan
KARACHI: The State Bank of Pakistan (SBP) Governor Jameel Ahmad has "put blame" on the global economic conditions for higher inflation in Pakistan.
“The global...
PRL rejects report on suspension of Russian oil; terms it commercially feasible
KARACHI: Pakistan Refinery Limited (PRL) rejected the reports on suspension of Russian crude oil import, saying that the there was no issue of processing...
Rupee to remain ‘range-bound’ next week
KARACHI: Pakistani currency is likely to remain stagnant for the coming week amid a balance between demand and supply in the forex market.
Pakistani Rupee...
SBP projects decrease in inflation, growth to pick up
KARACHI: The State Bank of Pakistan (SBP) has expected a gradual decline in inflation as well as an improvement in economic outlook of the...
Bulls return to PSX as KSE-100 index gains 1,100 points, crosses 48,000 barrier
KARACHI: In a remarkable surge, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) soared past the coveted 48,000 points milestone, propelled by...
Rupee once more opens new trading week on a negative note
KARACHI: The US dollar continued to gain strength against the rupee, as it gained 28 paisas against the rupee during the day on Monday.
After...
PM Chairs Third SIFC Apex Committee Meeting to Bolster Investment Drive
ISLAMABAD: The third meeting of the apex committee of the Special Investment Facilitation Council (SIFC) was chaired by Prime Minister Shehbaz Sharif on Monday...
