Karachi, August 01, 2024: The Pakistani rupee (PKR) appreciated by 0.08 rupees against the US dollar in interbank trading on Thursday, closing at Rs 278.66, up from the previous day’s Rs 278.74. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were Rs 279.3…
Karachi, August 01, 2024: On the third consecutive day of the current business week, the 100-index of the Pakistan Stock Exchange (PSX) maintained its bearish trend, losing 146.68 points, a decrease of 0.19 percent, closing at 77,740.31 points from 77,886.99 points. During intraday trading, the KSE-100 index peaked at 78,241.02 points and hit a low…
Karachi, July 31, 2024: The Federal government on Wednesday cut down the prices of petrol and high-speed diesel (HSD) for the next fortnight by Rs6.17 and Rs10.86, respectively. Following the approval from Prime Minister (PM) Shehbaz Sharfi, the Ministry of Finance issued a notification, announcing the new prices of petrol from August 1. As per…
Karachi, July 31, 2024: The National Electric Power Regulatory Authority (NEPRA) has confirmed that all power distribution companies (DISCOs), including K-Electric, engaged in electricity overbilling in April and June, and has demanded explanations from the companies. In an official notification, NEPRA announced plans to instruct all distribution companies to adjust consumer bills based on the…
Karachi, July 31, 2024: Lahore’s NA-130 constituency, where PML-N president Nawaz Sharif defeated PTI’s Yasmin Rashid in the 2024 general elections, is believed to have experienced the most severe rigging in Punjab’s electoral history, according to the civil society organization PATTAN. “The National Assembly constituency NA-130 in Lahore likely witnessed the worst form of rigging…