Business
Foreign reserves stand at $14.66 billion
Islamabad, August 22, 2024: The total liquid foreign reserves held by the country stood at US$ 14,667.4 million as of August 16, 2024, State Bank of Pakistan (SBP) reported Thursday. According to the breakup figures, the foreign reserves held by SBP stood at US$ 9,291.8 million whereas net foreign reserves held by commercial banks were…
Export of sports goods increases 12.51% in July 2024
Islamabad, August 22, 2024: The export of sports goods from the country witnessed an increase of 12.51 percent during the first month of the current fiscal year (2024-25) as compared to the exports of the corresponding last year. The country exported sports goods worth US$ 29.358 million during July 2024 as opposed to the export…
Gold rates up by Rs.800 per tola to Rs.261,800
Islamabad, August 22, 2024: The per tola price of 24 karat gold increased by Rs.800 and was sold at Rs.261,800 on Thursday compared to its sale at Rs.261,000 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.686 to Rs. 224,451 from Rs. 223,765 whereas the price of…
PSX stays bullish, gains 532 points
Islamabad, August 22, 2024: The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 532.56 more points, showing a positive change of 0.68 percent, closing at 78,793.41 points against 78,260.86 points on the last working day. A total of 804,261,249 shares were traded during the day as compared to 552,564,507…
Rupee sheds 14 paisa against dollar
Islamabad, August 22, 2024: Pakistani rupee on Thursday witnessed a devaluation of 14 paisa against the US dollar in the interbank trading and closed at Rs 278.66 against the previous day’s closing of Rs 278.52. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open…