Finance Minister calls to review, ensure exchange rate stability on May 16, 2022Federal Minster for Finance and Revenue, Miftah Ismail on Saturday called to review and ensure exchange rate stability in the country.Federal Minster for Finance and Revenue, Miftah Ismail, presided over a meeting with heads of all the major Exchange Companies of Pakistan at Finance Division today. Deputy Governor State Bank of Pakistan (SBP) and senior […]
Saudi Aramco says Q1 profits jump 82pc as oil prices surge on May 16, 2022Energy giant Saudi Aramco posted Sunday an 82 percent jump in first quarter profits, buoyed by the surge in oil prices that has made it the world’s most valuable company. The announcement continued a string of recent positive economic news for Saudi Arabia, where a booming oil sector is fuelling the fastest growth rate in […]
SECP registers 2,345 new companies in April on May 15, 2022The Securities and Exchange Commission of Pakistan (SECP) has registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7pc as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly […]
Heatwave-hit India irks G7 with wheat export ban on May 15, 2022India banned wheat exports without government approval Saturday after its hottest March on record hit production, in a blow to countries reeling from supply shortages and soaring prices since Russia’s invasion of Ukraine. The announcement drew sharp criticism from the Group of Seven industrialised nations’ agriculture ministers meeting in Germany, who said that such measures […]
Gold slips to Rs112,800 per 10g on May 14, 2022Spot gold price remained on the downward slide due to a stronger US dollar and hit their lowest level in more than three months on Friday. As of 1245 hours GMT, gold in the international market was available at $1,812.40 per ounce, shedding $9.10 (-0.50 percent). Out of the $9.10 per ounce decrease, -$0.35 was […]
Gold slips to Rs113,400 per 10g on May 13, 2022Spot gold price dipped on Thursday amid a stronger US dollar despite the benchmark 10-year US Treasury bond yield retreated. As of 1400 hours GMT, gold in the international market was available at $1,839.30 per ounce, shedding $13.40 (-0.72 percent). Out of the $13.40 per ounce decrease, -$9.75 was due to strengthening of the US […]
Bitcoin falls to $28,374 as cryptos face worst bloodbath on May 13, 2022The cryptocurrency market faced one of the worst bloodbaths on Thursday, with market capitalisation shedding 14.8 percent to reach $1.26 trillion. As of 1250 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price dipped 7.2 percent to $28,374. With this decrease in price, the market capitalisation of the biggest crypto has reached $540 billion. Bitcoin has […]
Gold jumps on US inflation report to Rs113,500 per 10g on May 12, 2022Spot gold price surged around one percent on Wednesday in the wake of another US inflation report that is seen as problematic for consumers and the economy. As of 1345 hours GMT, gold in the international market was available at $1,853.70 per ounce, gaining $15.70 (+0.85 percent). Out of the $15.70 per ounce increase, +$8.55 […]
Gold slips to Rs113,000 per 10g on May 11, 2022Spot gold price regained some positive traction on Tuesday amid a softer tone around the US Treasury bond yields and concerns about softening global growth. As of 1255 hours GMT, gold in the international market was available at $1,862.80 per ounce, gaining $8.70 (+0.47 percent). Out of the $8.70 per ounce increase, +$1.10 was due […]
Gold jumps to Rs113,100 per 10g as dollar strengthens on May 10, 2022Spot gold price fell sharply on Monday in global markets amid a strong US dollar and firm treasury bond yields. As of 1235 hours GMT, gold in the international market was available at $1,867.30 per ounce, shedding $15.80 (-0.84 percent). Out of the $15.80 per ounce decrease, -$2.50 was due to strengthening of the US […]