Daily News
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Asian Stocks Trading Rally Sputters As China Active, Higher U.S. Yields Weigh
BUSINESS:Internationally the Federal Reserve will keep raising interest rates to combat sticky inflation caused a rally in Asian…
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Palm Oil Futures Trade Rose To 8-Weeks High
COMMODITIES (B-Trams): Due to strong export demand, a weaker ringgit, and concerns about supply, Malaysian palm oil futures…
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Intra Day Trade Update, Rupee Slumps by 6.83 Against Dollar
KARACHI: During intra-day trade in the interbank market, the local currency lost more than Rs6.83 against the US…
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Crude Oil Prices Surges As Rising Supplies And Chinese Demand Hopes
COMMODITIES(B-Trams): New York: oil prices slightly rose as signs of ample supply, such as rising crude futures inventories…
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SBP Likely to Increase Interest Rates Today
BUSINESS:The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is likely to raise interest rates.…
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Pakistan Discontine Kissan Package Subsidy for Agriculture Consumers
BUSINESS: The coalition government has ended the power subsidy that was provided to consumers in agriculture as part of…
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DHL Logistics Co. Close Operations In Pakistan
KARACHI:DHL , the world leader in logistics , announced on Monday that it would reduce its presence in…
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Gold Price in Pakistan Racks-Up in Lukewarm Demand
COMMODITY: Pakistan Gold Prices Racks-Up amid lukewarm demand as investors are anticipating the central bank’s hawks to tighten…
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Moody’s Downgrades Pakistan’s Credit Rating ‘Caa1’ to ‘Caa3’
KARACHI:Moody’s Investors Service has downgraded Pakistan’s government’s local and foreign currency credit rating from Caa1 to Caa3, citing…
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Rupee Recovers by 0.03% Against Dollar In New High
KARACHI:In the interbank market on Monday, the rupee rose by 0.03%, or Rs0.09, to a new one-month high…
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As Internationally Oil Price Decline, Govt Likely To Maintain Petrol, Diesel Prices
KARACHI:The government has decided not to raise fuel taxes or lower diesel and gasoline prices for local consumers…
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Gold Rate Faces Second Weekly Drop in Pakistan
As Per All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the rate of gold (24 carats) declined…
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Foreign Investors Offered Tax Relief From Pakistan Govt
BUSINESS:The government has exempted non-resident banking companies from paying taxes on profit earned through investments in debt securities…
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Finance Minister No Adopting G20Summit after China Objections on Ukraine War
BUSINESS:At benugaluru talks in India on Saturday, the G20Summit finance ministers were unsuccessful in adopting a joint statement…
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Gold Recovers Lost Sheen, Bounces Back To 2 Weeks High
BUSINESS: Pakistan Rising inflation once again shifts investors’ attention towards the precious commodity Gold. As domestically Gold prices…
