Pakistan International Airlines (PIA) on Saturday announced a 14 per cent discount on all domestic flights in line with the Diamond Jubilee celebrations of the country’s Independence Day. “The national flag carrier offers 14pc discount on domestic travel on 14th August – the 75th Independence Day of Pakistan,” PIA spokesman Abdullah Hafeez Khan announced in […]
Gold price declines by Rs500 to Rs138,500 per tola
The price of 24 karat per tola gold witnessed a decrease of Rs500 on Saturday and was sold at Rs138,500 in the local market against its sale at Rs139,000 the previous day. The price of 10-gram 24 karat gold also declined by Rs429 and was sold at Rs118,741 against its sale at Rs119,170 whereas prices […]
Gold price declines by Rs2700 to Rs139,000 per tola
The price of 24 karat per tola gold decreased by Rs2700 per tola and was sold at Rs139,000 on Friday against sale at Rs141,700 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs2315 and was sold at Rs119,170 against its sale at Rs121,485 whereas the prices […]
Rupee rises further against US dollar
The Pakistani Rupee (PKR) sustain its upward increase against the US Dollar on 9th day consecutively. It gained 1.57 percent versus the US dollar today, closing at Rs215.49 after gaining Rs3.38 in the interbank market. During today’s open market session, the rupee hit an intraday high of Rs214.75 versus the US dollar. The local currency […]
Fed’s Barkin: Rates need to rise further to get inflation to 2pc
Richmond Federal Reserve Bank President Thomas Barkin on Friday said he wants to raise interest rates further to bring inflation under control, and will watch US economic data to decide how big a rate hike to support at the Fed’s next meeting in September. “I’d like to see a period of sustained inflation under control, […]
Bitcoin rallies to 2-month high
Bitcoin (BTC) is surging after US economic statistics on Wednesday suggested that high inflation may have peaked and that the Federal Reserve may ease liquidity tightening in the coming months. However, according to some analysts, such expectations may be incorrect, and investors hoping for a consistent bull run may be disappointed. According to FactSet, the […]
Rupee gains Rs3.03 against dollar
The Pakistan rupee on Thursday gained Rs3.03 against the US dollar in the interbank trading and closed at Rs218.88 against the previous day’s closing of Rs221.91. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs215 and Rs220 respectively. The price of […]
Gold price decline by Rs1400 to Rs141,700 per tola
The price of 24 karat per tola gold decreased by Rs1400 per tola and was sold at Rs141,700 on Thursday against sale at Rs143,100 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs1200 and was sold at Rs121,485 against its sale at Rs122,685 whereas the prices […]
Gold price decline by Rs400 to Rs143,100 per tola
The price of 24 karat per tola gold decreased by Rs400 per tola and was sold at Rs143,100 on Wednesday against sale at Rs143,500 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs343 and was sold at Rs122,685 against its sale at Rs123,028 whereas the prices […]
Dollar falls to Rs222 as rupee maintains winning streak
On Wednesday, the Pakistani Rupee (PKR) extended its winning streak against the US dollar in both the interbank and open markets. The Pakistani rupee (PKR) is gaining momentum in the interbank market, with the US dollar losing Rs2.04 versus the rupee and trading at Rs222. Since its top of Rs239.94, the greenback has shed Rs17.94. […]