Cement demand to remain low
Lacklustre demand for cement, witnessed as part of the recent slowdown, is likely to persist, and as a consequence, apply pressure on the pricing power…
Business
Oil prices steady on expectations Fed rate hike to curb fuel demand
Oil prices steadied on Tuesday after rising in the previous session on concerns that further United States interest rate hikes this week to tame inflation…
Dollar nears all-time high value against PKR
US dollar nearing its all-time high value after gaining Rs1.09 in the interbank on Tuesday. During interbank trading on Tuesday morning, a single dollar was…
PKR continues to fall against US dollar
The Pakistani rupee continued to nosedive against the US dollar on Monday in the interbank market as the latter increased to Rs238. The rupee lost…
IMF ‘saddened’ by the catastrophic effect of floods in Pakistan
The International Monetary Fund (IMF) on Sunday said that it was “deeply saddened” by the devastating impact of the floods in Pakistan. “Our sympathies go…
Pakistan can import oil from Russia on deferred payment
Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on…
SBP:Saudi Arabia rollsover $3 billion deposits for Pakistan
The Saudi Fund for Development (SFD) on Sunday confirmed the rollover of an $3 billion deposit for Pakistan, which will be maturing on December 5…
Utility stores jack up prices of various items
The prices of various items including pickles, biscuits, jellies, shoe polish, razor blade, toothpaste, dish wash, honey and noodles at the Utility Stores Corporation have…
Flour price hits record high
Prices of flour have reached an all-time high in the country as a 20-kg flour bag is being sold at Rs2400 in Karachi and Quetta,…
PKR extends losses against US dollar in interbank
The Pakistani rupee continued to lose its value for the tenth consecutive session, falling by Rs0.68 against the US dollar in interbank market. According to…