Saudi Arabia extends $3 billion deposit term for 1 year
In a major development for the struggling economy, Saudi Arabia has extended the term of its $3 billion deposit with the State Bank of Pakistan…
Business
Rupee gains ground against US dollar in interbank
On Wednesday, the interbank exchange rate for the US Dollar experienced a notable 22-paisa drop, standing at Rs285.30. The day began with an unexpected 13-paisa…
PSX crosses 61000 points milestone
The benchmark index of the Pakistan Stock Exchange (PSX) continued its bullish run on Wednesday to cross the 61,000 barrier in a record high. The…
PSX reaches new high, crosses 60,000 milestone
The bullish trend continued at the Pakistan Stock Exchange (PSX) as traders cashed in on the index rising by 405 points which has now crossed…
Petrol and diesel prices may see significant decline from December 1
In a welcome relief for Pakistan’s consumers, global oil prices in the international market have witnessed massive decline paving the way for expected substantial cuts…
IMF team arrives in Pakistan to discuss tax reforms, policy
A team of the International Monetary Fund (IMF) on Monday reached Pakistan to consult over tax net and to enhance tax revenue. Sources said that…
Gold prices increase in Pakistan
On Saturday, the price of 24-karat gold per tola in Pakistan reached Rs216,500. For smaller quantities, the rates remain attractive, with 10 grams of 24-karat…
PSX reaches new highs, crosses 59,000 milestone in intraday trading
Continuing its bull run from the preceding sessions, the benchmark index of the Pakistan Stock Exchange (PSX) hit yet another all-time high on Friday and…
Gold price per tola increases Rs900 in Pakistan
The prices of per tola 24 karat gold increased by Rs 900 and was sold at Rs 216,500 on Wednesday against its sale at Rs…
PSX crosses milestone of 58,000 points
The Pakistan Stock Exchange (PSX) Wednesday breached the 58,000 mark for the first time as analysts credit monetary easing and optimism surrounding the economy after…