Karachi, July 18, 2024: A leading Chinese bus manufacturer has decided to establish a plant for producing intra-city electric buses in Karachi. The CEO of Yutong Middle East, along with other officials, met with Sindh’s transport minister, Sharjeel Memon, today. “The work for the Yutong bus-making plant’s installation will start within three months,” the provincial…
Karachi, July 18, 2024: Gold prices in Pakistan reached a record high of Rs 254,000 per tola, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The per tola price of gold rose by Rs 4,600, setting a new all-time high in the domestic market at Rs 254,000. Similarly, the price for 10 grams…
Karachi, July 18, 2024: On Thursday, the Pakistan Stock Exchange (PSX) benchmark index KSE-100 reached a new all-time high, hitting 81,909 points. On Thursday, the KSE-100 index gained 684 points, closing at a new all-time high of 81,839 points. The market capitalization increased by Rs. 23 billion, with 454 million shares traded. A total of…
Karachi, July 18, 2024: On Thursday, the Pakistani rupee (PKR) appreciated by 7 paisa against the US dollar (USD) in interbank trading, closing at Rs 278.17, up from the previous day’s closing of Rs 278.10. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market…
Islamabad, July 18, 2024: The Asian Development Bank in its recent outlook report predicted a 7 percent increase in Pakistan’s debt volume. According to the report, the debt volume is expected to decrease from 77 percent to 70 percent of the country’s GDP. It also states that 62 percent of Pakistan’s revenue will be spent…