Category: Business
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Exchange rates: Rupee closes at Rs277.68 against US dollar
The Pakistani rupee (PKR) recorded a marginal decline against the US dollar, depreciating 0.01 per cent in the interbank market on Monday.
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Gold price in Pakistan surges by Rs2,000 per tola after two-day decline
Gold prices in Pakistan resumed their upward trend on Saturday after dropping in the previous two trading sessions.
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Textile manufacturers unhappy as government policy threatens 18 billion dollar export sector
Textile exporters expressed great displeasure over the government’s decision to stop the supply of natural gas to their power plants. Islamabad’s decision puts the USD 18 billion textile export industry at risk by leaving it to function on the national power grid. While the motivations are not entirely clear, experts believe that by cutting the…
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BYD Seal EV launched in Pakistan with starting price of Rs14.79 million
BYD, a leading electric vehicle (EV) company, has introduced its new models, the Seal and Atto 3, in Pakistan, according to PakWheels.
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Bullish trend persists: PSX closes just under 90,000 points amid strong investor confidence
Traders on the floor of the Pakistan Stock Exchange (PSX) rode on a wave of joy today as they witnessed the market break yet another record. During day trading, the KSE-100 index crossed the 90,000 mark for the first time ever, and it stayed that way until the trading day was about to close. At…
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What Punjab’s 182 billion rupee missed IMF target means for local businesses
Business owners in Punjab are preparing for tough times ahead as the provincial government of Punjab missed the budget surplus goal set by the International Monetary Fund (IMF) for this quarter by a staggering 182 billion rupees. Not meeting the IMF stipulated objectives might foster bad will as international lenders will be weary of extending…
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Experts predict two per cent rate cut as inflation plummets to 44-month low
Business owners look towards the State Bank of Pakistan (SBP) to cut interest rates yet again as the inflation rate reached a low of 6.9 per cent in September 2024. The interest rate is expected to fall around two per cent to 15.5 per cent – the lowest in around four years. The SBP, like…
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Foreign exchange reserves surge $18 million in a week
Pakistan’s foreign exchange reserves have witnessed a slight increase of $18 million in one week.
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New record high: Gold price crosses Rs285,000 per tola
Gold price in Pakistan resumed its record high run on Wednesday and surpassed the Rs285,000 per tola mark for the first time in history.
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Power play: Hope for businesses with 8.55 billion rupee reduction in bills
Businesses and consumers prepare to celebrate as they may soon see a reduction in their utility bills of up to PKR 8.55 billion. This is because the Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed for Discos (electricity distribution companies) to decrease the per unit price of electricity by PKR 0.7. The lower cost of electricity…