Business
Rupee continues losing streak against dollar
September 12, 2022
Rupee continues losing streak against dollar
Massive devastation caused by floods worsens country’s economic crisis.Rupee loses Rs1.64 against the US dollar in interbank market.Rupee likely to…
UK economy shrank record 11% in 2020, worst since 1709
August 22, 2022
UK economy shrank record 11% in 2020, worst since 1709
UK recorded its biggest fall in output in more than 300 years in 2020.Gross domestic product fell by 11.0% in…
Monetary policy: SBP maintains status quo, holds interest rate at 15%
August 22, 2022
Monetary policy: SBP maintains status quo, holds interest rate at 15%
SBP hints at tightening policy rate in next meeting scheduled to be held on October 10.Central bank had cumulatively increased…
Gold price plummets by Rs4,300 per tola in Pakistan
August 15, 2022
Gold price plummets by Rs4,300 per tola in Pakistan
Gold price settles at Rs134,200 per tola.Price has declined by Rs9,300 per tola since August 10.Gold is cheaper by Rs7,500…
Oil drops as China data weighs
August 15, 2022
Oil drops as China data weighs
China’s July refinery output lowest since March 2020, data shows.Stronger US dollar and low liquidity pressure prices.Iran is expected to…
For fifth straight session, dollar continues slump against rupee
August 4, 2022
For fifth straight session, dollar continues slump against rupee
Pakistani rupee gains 2.65 against US dollar.Reaches 226.15 in the interbank market.ECAP chairman says several factors influencing rupee. KARACHI: The…
PSX soars over 800 points as Pakistan inches closer to IMF programme
August 4, 2022
PSX soars over 800 points as Pakistan inches closer to IMF programme
KSE-100 index surpasses 41,000-mark.Investors cheer news that Pakistan has completed all IMF conditionsBullish trend also driven by appreciation of rupee…
The Legend Of Maula Jatt Finally Gets A Released Date
July 26, 2022
The Legend Of Maula Jatt Finally Gets A Released Date
Bilal Lashari excited the audience for Pakistani films when Waar came out. His second film titled The Legend Of Maula…
SBP discourages interbank trading to contain dollar shortage
July 25, 2022
SBP discourages interbank trading to contain dollar shortage
SBP urges banks to tap internal accruals to manage import payments.Some banks are providing dollars at a premium, which is…
Gold scales new peak, price jumps by Rs2,000 per tola in Pakistan
July 25, 2022
Gold scales new peak, price jumps by Rs2,000 per tola in Pakistan
Gold prices reach all-time high of Rs148,300 per tola.Cumulatively, gold gains Rs4,300 per tola during last four sessions.Silver prices in…