PKR improves by 0.21pc versus USD for 5th straight week on December 18, 2023Rupee continued making slight gains against the US dollar for the fifth week in a row and improved by 61 paisas in the interbank market and 50 paisas in the open market. According to details, the rupee opened at 283.87 against the greenback in the interbank market on Monday last and closed at 283.26 on […]
Oil surges for third day on hope for Opec+ production cuts on December 12, 2023Crude oil prices extended previous sessions’ gains on Thursday amid expectations that Opec+ will continue to cap crude output next year to support the market. As of 1215 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.65 (+0.78 percent) to reach $83.75 a barrel. The West Texas Intermediate (WTI), the […]
PSX rises 7.34pc for 10th week amid foreign buying on December 11, 2023Pakistan Stock Exchange (PSX) closed the 10th consecutive week on a high note on the back of improved economic outlook and positive indicators, with the benchmark index standing at 66,223.63. The benchmark KSE-100 Index gained 4,532.38 points (+7.34 percent) on a week-on-week (WoW) basis to close at 66,223.63 points from 61,691.25 points, breaking the previous […]
PKR improves 0.39pc versus USD for 4th week on December 11, 2023Rupee made gains against the US dollar for the fourth week in a row and improved by Rs1.10 in the interbank market, while the local unit improved by Re1 in the open market. According to details, the rupee opened at 284.97 against the greenback in the interbank market on Monday last and closed at 283.87 […]
Bitcoin slips to $43,686 as market slides on December 11, 2023The cryptocurrency market remained on a downward slide on Sunday, with the market capitalization losing 0.9 percent to reach $1.7 trillion. As of 1050 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, shed 0.5 percent in the last 24 hours to reach $43,686. The market capitalization of the biggest crypto […]
Gold slips by Rs300 to Rs218,600 a tola on December 9, 2023Gold prices in the local market edged lower on Friday, following a consolidation phase in the global bullion markets, and fell by Rs300 per tola. According to Karachi Sarafa Association, the price for one tola of 24-karat gold decreased to Rs218,600 from Rs218,900. Similarly, the price for 10 grams of 24-karat gold decreased to Rs187,414 […]
Rupee gains 25 paisas against US dollar for 9th day on December 9, 2023Rupee improved against the US dollar in the inter-bank market for the ninth straight session on Friday and appreciated by 25 paisas (+0.09 percent). The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at 284.12 against the dollar in the interbank market and closed at 283.87. Overall, the rupee gained […]
Oil prices remain mixed on November 25, 2023Crude oil prices remained mixed on Friday but were on track to snap a five-week losing streak amid expectations that Opec+ will continue to cap crude output next year to support the market. As of 1235 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.21 (+0.26 percent) to reach $81.63 […]
6-day INJ Tennis Championship 2023 to begin from October 23 on October 22, 2023ISLAMABAD: In a bid to ignite a passion for tennis among the youth, Zarmeeneh Rahim, an advocate for the sport, is set to sponsor and organize the Islamabad National Junior (INJ) Tennis Championship 2023.The championship will take place at the PTF SDA Tennis Complex in Islamabad, running from October 23 to 28. This exciting event […]
Rs700b PSDP likely in new budget: Ahsan on June 3, 2022Federal Minister for Planning, Development and Special Initiatives, Prof Ahsan Iqbal said on Thursday that the volume of the Public Sector Development Program (PSDP) is likely upto Rs 700 billion in Budget (2022-23), which will increase more development opportunities in the country. At the same time, he said that efforts will be made to raise […]