The buying rate for the UK Pound (GBP) in exchange for the Pakistan Rupee (PKR) stood at 361.6 while the selling rate was 364.50 in the open market on Wednesday. Let’s delve into what this signifies and examine how currency valuations operate. This rate indicates the value of one UK Pound in Pakistani Rupees and […]
On Thursday, Trump said his proposed tariffs of 25% on Mexican and Canadian goods would take effect on March 4, along with an extra 10% duty on Chinese imports, defying expectations of those who hoped for a further delay in the levies. Investors responded by selling risk assets such as stocks and, in particular, cryptocurrencies. […]
India’s electronics production has more than doubled in the last six years to $115 billion in 2024, with the country now becoming the world’s second-largest mobile phone manufacturer. Apple led the Indian smartphone market with a 23% share in total revenue during 2024, followed by Samsung at 22%, according to research firm Counterpoint. The list […]
Adnan Rajput, the fire initially started in nearby bushes and quickly spread to the market, making it difficult to control. Upon receiving information, seven fire brigade vehicles rushed to the site and worked tirelessly to douse the flames. The intense fire engulfed multiple shops in the furniture market, forcing shopkeepers to scramble to save their […]
PTI founder Imran Khan was responding to queries from journalists at Adiala Jail during the hearing of the case. “Do you agree, the government has stabilized the economy,” the journalist asked. “Government saved the economy from the verge of default,” Imran Khan responded. Despite being saved from default, the economy is not prospering, Imran Khan […]
Shares in Nissan soared as much as 24 percent, while Honda dipped more than three percent. Mitsubishi Motors — of which Nissan is the top shareholder — gained almost 20 percent. Japan’s number two and three automakers behind Toyota had already agreed in March to explore a strategic partnership on EVs. “We are discussing possibilities […]
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 […]
At 10:16 a.m. ET (14:16 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 7.92 points, or 0.03%, at 22,980.36, and looked to register a weekly decline. US nonfarm payrolls increased less than expected in August, while the unemployment rate slipped to 4.2%, indicating an orderly labor market slowdown that does not warrant a […]
Improvements in the Belgian, Dutch, and French electric-vehicle (EV) markets failed to offset a drop of almost 37% in Germany’s battery-electric sales, the European Automobile Manufacturers Association (ACEA) said. WHY IT’S IMPORTANT Car sales have shown mixed trends across the bloc, in part due to diverging policies on green incentives, while regulators have imposed hefty […]
China will make tech innovation a new point of economic growth and is willing to collaborate with other countries on it, Zhao, the chairman of the Standing Committee of the National People’s Congress, said at the opening plenary of the annual gathering of the Boao Forum for Asia. China’s import and export of goods is […]
