Business
PSX remains bearish, drops 146 points
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…
Govt slashes petrol price in Pakistan
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…
Govt approves privatization of 13 power division entities
Karachi, July 31, 2024: The Federal Cabinet has approved the privatization of 13 entities under Pakistan’s Power Division, including nine power distribution companies. Sources close to the development revealed that, nine out of the eleven government-owned power distribution companies have been included in the privatization list, with the Quetta Electric Supply Company and Tribal Electric…
Gold rates witness increase in Pakistan
Karachi, July 31, 2024: The price of 24 karat gold per tola increased by Rs 1,200, reaching Rs.253,500 on Wednesday, up from Rs.252,300 on the previous trading day. Similarly, the price of 10 grams of 24 karat gold increased by Rs 1,029, climbing to Rs 217,335 from Rs 216,306. The price of 10 grams of…
Pakistani rupee sheds 09 paisa against US dollar
Karachi, July 31, 2024: Pakistani rupee on Wednesday depreciated by Rs 0.9 paisa against the US dollar in the interbank trading and closed at Rs 278.74 against the previous day’s closing of Rs 278.65. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market…