Category: Business

Business news from Pakistan

PSX gains 518 points, closing at 41,862 points

PSX gains 123 points

ISLAMABAD, Jul 13 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Wednesday, gaining 518.76 points, a positive change of 1.25 percent, closing at 41,862.77 points against 41,344.01 points on the last working day. A total of 164,827,449 shares were traded during the day compared to the trade of 99,088,707… Continue reading PSX gains 518 points, closing at 41,862 points

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Rupee loses Rs 2.20 against dollar

ISLAMABAD, Jul 13 (APP): Exchange rate of the Pakistan rupee depreciated by Rs 2.20 against the US dollar in the interbank trading on Wednesday and closed at Rs 210.10 against the previous day’s closing of Rs 207.90. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open… Continue reading Rupee loses Rs 2.20 against dollar

Kerb currency market

KARACHI, Jul 13 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Associationof Pakistan (FAP), here on Wednesday. F.C. LOW RATE HIGH RATEU.S $ (Inter Bank) 208.60 208.70U.S $ (Cash Free Market) 208.00 209.00 SAUDIA RIYAL 54.90 55.60UAE DIRHAM 56.30 56.90EURO 206.50 209.50 UK POUND 246.50 249.50JAPANI YEN 1.48400… Continue reading Kerb currency market

Currency rates of NBP

KARACHI, Jul 13 (APP):Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday. CURRENCY SELLING BUYINGUSD 210.48 205.82GBP 250.65 245.08EUR 211.26 206.99 JPY 1.5349 1.5009SAR 56.15 54.76AED 57.32 56.40

NBP Exchange Rates

KARACHI, Jul 13 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 208.40 207.90EURO EUR 209.59 209.09 JAPANESE YEN JPY 1.5197 1.5161BRITISH POUND GBP 248.17 247.58SWISS FRANC CHF 212.25 211.74 CANADIAN DOLLAR CAD 160.23 159.85AUSTRALIAN DOLAR AUD 141.13 140.79SWEDISH… Continue reading NBP Exchange Rates

Pakistan asks UN to protect developing countries from supply chain shocks

Ahsan blames PTI for 'spreading political uncertainty'

NEW YORK, Jul 12 (APP): Minister for Planning, Development and Special initiatives Prof. Ahsan Iqbal Tuesday called upon the United Nations to champion the issue of Ukraine-Russia war to protect the developing countries including Pakistan, from extreme shocks of supply chains causing delays in achieving the targets of Sustainable Development Goals (SDGs). “There is a… Continue reading Pakistan asks UN to protect developing countries from supply chain shocks

Country’s economy to revive in six months: Ahsan Iqbal

JHELUM, Jul 8 (APP): Minister for Planning and Development Ahsan Iqbal said on Friday that Pakistan’s economy would stand on strong footing in just six to seven months due to the tough decision being taken by the coalition government. Addressing media here, the minister said that Imran Khan, who had not any experience of even… Continue reading Country’s economy to revive in six months: Ahsan Iqbal

Declining int’l prices to bring down inflation in Pakistan: Miftah

ISLAMABAD, Jul 7 (APP):Federal Minister for Finance and Revenue, Miftah Ismail said here on Thursday that declining trend in international food and fuel prices would help bring down commodity rates in Pakistan. Addressing a press conference, the federal minister said that per barrel crude oil prices have come down to $100 from $123 while the… Continue reading Declining int’l prices to bring down inflation in Pakistan: Miftah

Rupee strengthens against dollar

ISLAMABAD, Jul 7 (APP):Exchange rate of the Pakistan rupee appreciated by 09 paisas against the US dollar in the interbank trading on Thursday and closed at Rs 207.90 against the previous day’s closing of Rs 207.99. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market… Continue reading Rupee strengthens against dollar

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ECNEC approves construction of Hyderabad-Sukkur Motorway, other infrastructure projects

ISLAMABAD, Jul 06 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Wednesday approved construction of Hyderabad–Sukkur Motorway on Built Operate Transfer (BOT) basis with revised cost of Rs. 308,194.00 Million. Federal Minister for Finance and Revenue, Miftah Ismail chaired the ECNEC meeting while among others it was attended by Federal Minister… Continue reading ECNEC approves construction of Hyderabad-Sukkur Motorway, other infrastructure projects

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