Economy
PSX closes on negative note, sheds 70 pts
Karachi, July 05, 2024 : On the last business day of the week, the 100-index of the Pakistan Stock Exchange (PSX) shed 70.01 points, a slight negative change of 0.09 percent, closing at 80,212.79 points compared to 80,282.80 points on the previous working day. On the last business day of the week, the 100-index of…
Gold rates witness increase in Pakistan
Islamabad, July 05, 2024 : The rate for one tola of 24-karat gold increased by Rs.1,100, reaching Rs.244,400 on Friday, compared to its previous sale price of Rs.243,300 on the last trading day. The price of 10 grams of 24-karat gold increased by Rs.944, rising to Rs.209,534 from Rs.208,590, while the price of 10 grams…
Hutchison ports Pakistan marks historic arrival of largest container vessel ever to Berth in Pakistan
Pakistan, May 29, 2024: Hutchison Ports Pakistan welcomes the maiden call of the CV MSC ANNA, the largest container vessel ever to berth in Pakistan. This milestone underscores the terminal’s advanced capabilities and strategic significance in the region. MSC ANNA, one of the largest vessels with an overall length of 400 meters, exemplifies the scale…
USC proposes historic PM relief package for FY 2024-2025
Islamabad, May 27, 2024 : The Utility Stores Corporation (USC) has proposed the largest Prime Minister’s package in Pakistan’s history for the upcoming financial year, requesting Rs 85 billion in the budget. Sources close to the development have disclosed that the Utility Stores Corporation (USC) has proposed Rs 12 billion for the Prime Minister’s Ramadan…
PSX turns bullish, gaining 122.77 points
Karachi, May 21, 2024 : The 100-Index of the Pakistan Stock Exchange (PSX) experienced a bullish trend on Tuesday, rising by 122.77 points, or 0.16 percent, to close at 75,206.77 points compared to 75,084.00 points on the previous trading day. During intraday trading, the index showed a bullish trend, reaching a high of 75,482.46 points…