The benchmark KSE-100 index gained 1272.13, or 1.8 percent, to stand at 71,929.77 points from the previous close of 70,657.64. Experts noted that the market is regaining momentum after experiencing a 3% correction over the last three days. The United States State Department Thursday had said that Washington’s support, for Pakistan’s efforts to stabilize its […]
The SBP, in a statement issued here on Thursday, informed that foreign reserves held by the central bank increased by $ 25 million to $ 8,006 million during the week under review. Meanwhile, net foreign reserves held by commercial banks were recorded $5,310 million, it added. Total liquid foreign reserves held by the country, in […]
According to sources, the LPG rates are reduced by Rs 20 taking the price from Rs 280 to Rs 260 per kilogram. It’s worth mentioning here that the LPG prices dropped earlier by Rs 20 per kilogram taking the total reduction to Rs 40 per kg in the span of a few weeks. On April […]
The SPI for the current week within the aforementioned group stands at 316.95 points, down from 320.14 points recorded in the previous week. In comparison to the corresponding week of the previous year, the SPI for the combined consumption group in the current week saw a rise of 24.37 percent. The weekly SPI, calculated with […]
An IMF team is expected to arrive in Pakistan in mid-May to finalize the terms of Islamabad next bailout program under the $6–$8 billion Extended Fund Facility (EFF). According to the report, the IMF delegation will be in the nation for around two weeks, during which time it will develop the macroeconomic and fiscal policies […]
Earlier this week, Changpeng Zhao, the creator of Binance, the biggest cryptocurrency exchange in the world, was given a four-month prison sentence. The 47-year-old former CEO of a significant cryptocurrency exchange received his sentence in Seattle last year for breaking sanctions and anti-money laundering rules in the US. With a net worth of $43 billion, […]
The importation of an excessive amount of wheat under a planned scheme during the period of the interim administration resulted in a loss to the national exchequer over Rs300 billion. According to the sources, Prime Minister Shehbaz Sharif was informed of this at a briefing at the PM Office in Islamabad by the Ministry of […]
The Sindh government is planning to auction off inheritable and transferable “Premium Number Plates” for cars in order to raise up to Rs3 billion a year, following the introduction of CNIC-based vehicle registration and camera-readable number plates. Several significant decisions were approved by the provincial cabinet meeting on Thursday, which was presided over by Chief […]
According to market sources, the price of a 10-kilogram flour bag has dropped by Rs 270 from Rs 1470 to Rs 1200. Similarly, the price of a 15-kilogram flour bag has decreased by Rs 600 to Rs 1650, while a 20-kilogram flour bag now costs Rs 2250, down from Rs 2880, sources added. Sources said […]
This is the lowest reading in the last 23 months (after May 2022),” said Mohammed Sohail, CEO of Topline Securities, in a note. In its monthly report, the ministry said the inflation outlook for April 2024 maintains a downward trajectory, attributed to the favorable base effect from the previous year and improvements in the domestic […]
