Business
Rupee gains 10 paisa against dollar
Islamabad, August 19, 2024: Pakistani rupee on Monday appreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs 278.44 against the previous day’s closing of Rs 278.54. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood…
Gold rates dip by Rs.200 per tola to Rs.260,000
Islamabad, August 19, 2024: The per tola price of 24 karat gold decreased by Rs.200 and was sold at Rs.260,000 on Monday compared to its sale at Rs. 260,200 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.172 to Rs.222,908 from Rs. 223,080 whereas the prices of…
PSX loses 214 points
Islamabad, August 19, 2024: The 100-Index of the Pakistan Stock Exchange (PSX) shed 214.97 points on Monday, showing a negative change of 0.28 percent, closing at 77,830.34 points against 78,045.31 points on the last working day. A total of 471,749,071 shares were traded during the day as compared to 600,719,724 shares the previous day, whereas…
Early signs of recovery as Private sector credit growth trend alters
As Pakistan’s economy enters into a monetary easing cycle for the first time in four years, a crucial economic barometer – the private sector credit has begun to reflect some early signs of recovery in some of the segments. Private sector credit growth reported a 6% YoY growth in Jun-2024 already – strongest in 15…
BYD officially launches in Pakistan with groundbreaking new energy vehicles
Lahore, August 17, 2024 : BYD, the world’s leading New Energy Vehicle manufacturer, in partnership with Mega Motor Co, hosted an experiential blaunch event at the Lahore Expo Centre. At the event, the company showcased its long-term vision for Pakistan and commitment to lead the automotive revolution towards sustainable mobility. During the event, three highly…