KSE-100 rallies over 1% to hit another record high By: Reuters on April 27, 2024The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index hit a fresh peak on Friday, as late-session buying helped the index close over 1% higher. The KSE-100 had a negative start on Friday as it hit an intra-day low of 71,764.18. However, a strong buying spree was witnessed in the final hours, which helped the index […]
Kaspersky Next: new flagship product line for business By: pr on April 27, 2024Kasperskyintroduces its new flagship product line ‘Kaspersky Next’ combining robust endpointprotection with the transparency and speed of EDR (Endpoint Detection andResponse) alongside the visibility and powerful tools of XDR (ExtendedDetection and Response). Customers can now choose one of three product tiers tailoredto their business requirements, the complexity of their IT infrastructure, and theiravailable resources. According […]
Gold price per tola jumps Rs2,500 By: News Desk on April 27, 2024Gold prices increased in Pakistan on Friday in line with a rise in the international rate. In the local market, gold price per tola reached Rs245,000 after a single-day gain of Rs2,500. The 10-gram gold was sold at Rs210,048 after an increase of Rs2,143, according to the rates shared by the All Pakistan Gems and […]
Rupee sees slight recovery against US dollar By: APP on April 27, 2024The Rupee on Friday gained 10 paisa against the US dollar in the interbank trading and closed at Rs 278.38 against the previous day’s closing of Rs278.48. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.25 and Rs 279.8 […]
Monetary policy on 29th By: Reuters on April 27, 2024A Reuters poll found that the State Bank of Pakistan (SBP) is expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund (IMF) board approval and talks on a longer-term programme. Monday’s policy decision will be followed […]
PSO posts a profit of Rs13.4 billion in 9MFY24 By: pr on April 27, 2024Pakistan State Oil (PSO), the leading energy company, maintained its industry dominance and demonstrated steady performance in 9MFY24.The company announced a net profit of PKR 13.4 billion, translating into earnings per share of PKR 28.5 and gross sales of PKR 2.8 trillion for the period. The company’s Board of Management (BoM) reviewed the group’s performance […]
Ahsan Zafar Syed assumes the office of President & CEO Engro Corporation By: pr on April 27, 2024Ahsan Zafar Syed has assumed the office of President & CEO Engro Corporation, after the completion of Ghias Khan’s seven-year tenure at the Group. He began his journey with Engro in 1991 as a young engineer, accumulating three decades of experience in operations, project management, and strategic leadership across the petrochemical, energy, and food & […]
Kitchen items’ prices ease as weekly inflation falls by 1.1% By: APP on April 27, 2024The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 1.10 per cent for the combined consumption groups during the week ended on April 25, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was […]
Machinery equipment assembling grew by 70.98% in 8 months By: APP on April 27, 2024Manufacturing of machinery and equipment in the country during the first 08 months of the current financial year grew by 70.98 per cent as compared to the manufacturing of the corresponding period of the last year. During the period from July-February, 2023-24 tractors assembling grew by 68.57 per cent as compared to the assembling of […]
Gold price per tola increases Rs500 in Pakistan By: News Desk on April 26, 2024Gold prices advanced in Pakistan on Thursday, in line with an increase in the international rate. In the local market, gold price per tola rose to Rs242,500 after a single-day gain of Rs500. The 10-gram gold was sold at Rs207,905 after an increase of Rs429, according to the rates shared by the All Pakistan Gems […]