The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling hit its lowest on the dollar in three months at $1.2683. Higher trade tariffs and tighter immigration under the incoming Trump administration are projected to fuel inflation, potentially slowing the […]
Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30. The U.S. Energy Information Administration has slightly raised its expectation of U.S. oil output to an average of 13.23 million barrels per day this […]
According to sources, if approved, petrol prices will reach Rs. 250.96 per liter, while high-speed diesel will cost Rs. 261.05 per liter. Sources revealed that the proposed hike is attributed to the high premium on petroleum products in the global market and increased import costs. The premium on imported petroleum products has risen, prompting the […]
Under the agreement, the national flag carrier will provide travel facilities to thirty-five thousand pilgrims who will perform Hajj 2025 under the government scheme. According to the spokesperson of the Ministry of Religious Affairs, agreements with Saudi Airlines and other domestic airlines will also be finalized soon. Pakistan’s Hajj Policy 2025 clearly states that the […]
The electric automaker’s shares jumped 8.2% to $321.22, catapulting the company’s valuation above the trillion-dollar mark for the first time in more than two years. The stock gained 29% this week, adding more than $230 billion in market capitalization, its best since January 2023. “Tesla and CEO Elon Musk are perhaps the biggest winners from […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.30 and Rs 278.80 respectively. The price of the Euro increased by 03 paise to close at Rs 298.94 against the last day’s closing of Rs 298.91, according to the State […]
In a statement issued here, the central bank said that in terms of growth during September 2024, remittances increased by 24 percent on a year-on-year basis The SBP stated that the remittances inflows during October 2023 were recorded at $2.5, whereas in October 2024 it increased by 7 percent from September 2024. Earlier, Prime Minister […]
According to sources, the visit will aim to conduct talks on a $1 billion additional loan facility to support Pakistan’s economic stability and growth. Sources revealed that the loan negotiations will focus on climate change mitigation efforts, building on Pakistan’s request for climate financing submitted to the IMF last month. As part of this initiative, […]
KSE-100 shed 282.88 points or 0.31 percent to settle at 92,021.44 points at the closing of the stock market, as against the previous day’s closing of 92,304.32. A total of 889.16 million shares were exchanged during the trading session at the PSX, compared with the previous day’s turnover of 752.66 million shares. Analysts at Topline […]
The bullish trend carried the Index to a historic high which closed at 91,938 points, gaining 1078 more points. The Index gained 1300 points at a time in trading and crossed 92,000 points level. The analysts said that the expected cut in the interest rate and better economic indicators have boosted the investors’ confidence. The […]
