Pakistan Refinery Limited (PRL) will shut down its plant from February 15 for approximately six days, the company said in a notice sent to the Pakistan Stock Exchange (PSX) on Friday. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “Pakistan Refinery Limited (PRL) needs to undertake […]
Business
Kitchen Items’ prices decrease by 0.04pc
The weekly inflation, measured by the Sensitive Price Indicator (SPI), went down by 0.04 percent for the combined consumption groups during the week ended on February 13 and decelerated to 0.98 percent on a year-on-year (YoY) basis, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the […]
PSX witnesses bearish trend, loses 360 points
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing, 360.86 points, a negative change of 0.32 percent, closing at 112,564.08 points as compared to 112,924.94 points on the last trading day. A total of 596,739,574 shares were traded during the day as compared to 669,597,325 shares the previous trading day, […]
Governor KP, foreign envoys see launch of ‘Car Ambassador’ as a significant economic step
Governor Khyber Pakhtunkhwa Faisal Karim Kundi and ambassadors of different countries termed the launch of ‘Car Ambassador’ as a significant economic step in the electronic car and modern automobile sector. The launch of the Car Flagship Store in Islamabad would not only boost business here but also make available a variety of electronic and hybrid […]
Shaza Fatima engaging Huawei to advance Pakistan’s cloud infrastructure
Shaza Fatima Khawaja, Minister of State for Information Technology and Telecommunication, held a meeting with Barry Xu, Vice President of ME&CA Cloud at Huawei, to discuss the advancement of Pakistan’s digital infrastructure under the government’s Cloud First Policy. The discussions focused on the establishment of a dedicated Pakistan Cloud Region, aimed at enhancing public sector […]
Rupee sheds 1 paisa against dollar
Pakistani rupee on Thursday depreciated by 1 paisa against the US dollar in the interbank trading and closed at Rs279.26 against the previous day’s closing of Rs279.25. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.80 and Rs 281.30, […]
Gold prices up by Rs.2,500 per tola to Rs 304,000
The price of 24 karat per tola gold increased by Rs.2,500 and was sold at Rs 304,000 on Thursday against its sale at Rs 301,500 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of 10 grams of 24 karat gold also increased by Rs 2,144 to Rs 260,631 from […]
Pakistan’s total liquid foreign reserves $ 15.86 billion
The total liquid foreign reserves of Pakistan stood at US$ 15,862.6 million as of February 7 while the reserves held by the State Bank of Pakistan recorded as $ 11,166.6 million. The State Bank of Pakistan (SBP), informed in a statement issued here on Thursday, that liquid foreign exchange reserves held by the central bank […]
Motorbikes, three-wheelers sale increases 29.26% during Jul-Jan
The sale of motorbikes and three-wheelers in the country has witnessed an increase of 29.26 per cent during the first seven months of the current fiscal year (2024-25) as compared to sales of the corresponding months of the last year. During the months under review, as many as 835,616 motorbikes and three-wheelers were sold against […]
PSO posts PKR 11.2 billion profit in 1HFY25
Pakistan State Oil (PSO), the nation’s energy leader, delivered a stable performance in first half of fiscal year 2024-25 (1HFY25), posting a net profit of PKR 11.2 billion and gross sales of PKR 1.74 trillion. The company’s Board of Management reviewed the group’s performance for the half-year ended December 31, 2024, in a meeting held […]