Business
Pakistani rupee thrashes US dollar in interbank
November 1, 2024
Pakistani rupee thrashes US dollar in interbank
KARACHI: The US dollar price has decreased by 12 paisas in interbank against the Pakistani rupee. The US dollar…
Oil climbs more than $1 on reports of Iran preparing strike on Israel
November 1, 2024
Oil climbs more than $1 on reports of Iran preparing strike on Israel
SINGAPORE: Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, after reports Iran…
Gold price declines by Rs2,500 per tola
November 1, 2024
Gold price declines by Rs2,500 per tola
LAHORE: Gold prices in Pakistan saw another major slump on Friday, reflecting global market trends. In the local market, the…
PSX rebounds over 1,800 points as Oct inflation data fires up rate cut bets
November 1, 2024
PSX rebounds over 1,800 points as Oct inflation data fires up rate cut bets
KARACHI: Stocks rebounded on Friday, fired up by October’s tame inflation data, which bolstered expectations that the central bank would…
Qatar to invest $3 billion in Pakistan after PM Shehbaz’s visit: information minister
November 1, 2024
Qatar to invest $3 billion in Pakistan after PM Shehbaz’s visit: information minister
ISLAMABAD: Qatar will invest $3 billion in diverse sectors of Pakistan, including trade, investment, culture, and others following a successful…
Govt jacks up petrol by Rs1.35, high-speed diesel by Rs3.85 per litre
November 1, 2024
Govt jacks up petrol by Rs1.35, high-speed diesel by Rs3.85 per litre
ISLAMABAD: Prime Minister Shehbaz Sharif-led government on Thursday night announced new petrol and diesel prices for the next fortnight. According…
PIA sell-off halts as lone bidder offers paltry Rs10bn for stake
November 1, 2024
PIA sell-off halts as lone bidder offers paltry Rs10bn for stake
KARACHI: The final bidding process for the privatisation of Pakistan International Airlines (PIA) opened on Thursday, with just one participant…
PIA gets only Rs10bn offer from lone bidder despite Rs85bn expected price
October 31, 2024
PIA gets only Rs10bn offer from lone bidder despite Rs85bn expected price
ISLAMABAD: Pakistan International Airline (PIA) has attracted Rs10 billion from the sole bidder for a stake in the national carrier…
PSX plunges 1.46% on massive profit-booking ahead of SBP policy rate decision
October 31, 2024
PSX plunges 1.46% on massive profit-booking ahead of SBP policy rate decision
KARACHI: Stocks on Thursday went into a tailspin for the second day in a row, plunging below 89,000 points as…
CNG stations across Pakistan closed for two months
October 31, 2024
CNG stations across Pakistan closed for two months
KARACHI/ISLAMABAD/LAHORE: The government has decided to close all Compressed Natural Gas (CNG) stations across the country for December and January…