Cut in roti price challenged in IHC on April 25, 2024While hearing a plea challenging the legality of roti and naan price reduction notification in Islamabad Capital Territory, a single-member bench of the Islamabad High Court on Wednesday issued notice to deputy commissioner and others in the matter for Thursday (today). In response to an initiative by the Punjab government, the ICT administration has issued […]
Rising oil prices take a breather on March 27, 2024Rising crude oil prices took a breather on Tuesday amid a slightly weaker US dollar. As of 1235 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.01 (+0.01 percent) to reach $86.76 a barrel. Similarly, the West Texas Intermediate (WTI), the main oil benchmark for North America, went up by […]
Stocks at PSX soar for second straight day on March 27, 2024Pakistan Stock Exchange (PSX) witnessed another positive session on Tuesday, with the benchmark KSE-100 Index gaining 380.63 points (+0.58 percent) to close at 65,906.27 points. The indices switched in both green and red territories during the first half an hour and then stayed in the green territory. The indices continued the bullish trend till end […]
Gold price jumps to Rs229,400 a tola on March 27, 2024Gold price in the country increased by Rs1,200 per tola on Tuesday following an uptick in price in the international market. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold increased to Rs229,400 from Rs228,200. Similarly, the price for 10 grams of 24-karat gold increased to […]
PKR inches up to 278.08 against USD on March 27, 2024Pakistani rupee inched up against the US dollar in the inter-bank market on Tuesday, appreciating by 0.02 percent. The State Bank of Pakistan (SBP) said that the rupee opened at 278.13 against the dollar in the interbank market and closed at 278.08, gaining five paisas. The local unit gained 60 paisas against the greenback last […]
Middle East tensions push oil prices up on March 13, 2024Crude oil prices increased on Tuesday as tensions in the Middle East continued to spur concerns. As of 1110 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.52 (+0.63 percent) to reach $82.73 a barrel. Similarly, the West Texas Intermediate (WTI), the main oil benchmark for North America, went up […]
Rupee sheds four paisas against dollar on March 12, 2024The rupee snapped a two-day winning streak against the US dollar in the inter-bank market on Monday and depreciated by four paisas. The State Bank of Pakistan (SBP) said that the rupee opened at 279.04 against the dollar in the interbank market and closed at 279.08, depreciating by 0.1 percent. The local unit gained 15 […]
PSX gains 901 points as IMF hints to work with new govt on February 24, 2024Pakistan Stock Exchange (PSX) turned bullish for the third session in a row after the International Monetary Fund (IMF) said on Friday that it remains keen to work with the new government, with the benchmark KSE-100 Index gaining 901.47 points (+1.46 percent) to close at 62,815.81 points. The bulls dominated the trading floor in the […]
Gold gains traction for 6th day to Rs 215,300 a tola on February 23, 2024Gold price in the country increased for the sixth consecutive session by Rs100 on Thursday, following an overnight increase in the prices in the international markets. According to the data provided by the All Pakistan Gems and Jewellers Sarafa Association, the price for one tola of 24-karat gold increased to Rs 215,300 from Rs 215,200. […]
PKR closes 13th week vs USD on positive note on February 10, 2024Pakistani rupee improved against the US dollar in the inter-bank market for the second straight session on Friday and closed the 13th consecutive week on a positive note. The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at 279.34 against the dollar in the interbank market and closed at 279.28, […]