PSX sheds 74 points in volatile session By: Agencies on April 24, 2024Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday, with the benchmark KSE-100 Index shedding 74.06 points (-0.10 percent) to close at 71,359.40 points. The market opened on a sharp positive note; however, trading at the KSE-100 remained volatile throughout the session as the index swayed both ways. The index came under heavy selling […]
Gold price dips by Rs7,800 to Rs240,900 per tola By: Agencies on April 24, 2024Gold price in the country dipped by Rs7,800 per tola on Tuesday following a decrease in the price of the yellow metal in the international market. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold decreased to Rs240,900 from Rs248,700. Similarly, the price for 10 grams […]
PKR slips further to 278.38 against USD By: Agencies on April 24, 2024The rupee depreciated against the US dollar for the second straight session in the inter-bank market with a depreciation of five paisas on Tuesday. According to data released by the State Bank, the rupee shed around 0.02 percent in value against the dollar over the previous session’s closing value. The data showed that the rupee […]
Bitcoin manages to remain stable around $66,000 By: Agencies on April 24, 2024The cryptocurrency market remained positive on Tuesday, with the market capitalization gaining 0.3 percent to reach $2.56 trillion. As of 1330 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, inched up to $66,106 with an increase of 0.1 percent in the last 24 hours. The market capitalization of the biggest […]
Oil prices drift lower for second day By: Agencies on April 24, 2024Crude oil price fell for the second straight session on Tuesday as the market weighed the potential fallout from any fresh US sanctions on Iran’s oil exports. As of 1320 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, slipped $0.70 (-0.80 percent) to reach $86.30 a barrel. Similarly, the West Texas […]
CCP conditionally approves technology transfer agreement By: APP on April 24, 2024The Competition Commission of Pakistan (CCP) has granted a time-bound approval to the exemption application for the technology transfer and license agreement between the Sui Southern Gas Company Limited (SSGCL) and USA-based M/s Itron Inc. with certain conditions to be complied. The scope of agreement where exclusivity clauses have been allowed by the Commission is […]
Romina, Swiss official vow to bolster agriculture resilience collaboration By: APP on April 24, 2024Prime Minister’s Coordinator on Climate Change and Environmental Coordination Romina Khurshid Alam on Tuesday held a meeting with Elise Lee, Asia head of Swiss company Pula, to discuss implementation of climate change resilience frameworks for federal and provincial governments through comprehensive insurance. During the meeting, both sides agreed to close collaboration and consistent engagements aiming […]
Pakistan attracted $153.9mn net FDI from China in March By: Agencies on April 24, 2024China’s investment in Pakistan’s economy surged in March 2024, with the State Bank of Pakistan (SBP) reporting a substantial inflow of $161.2 million in foreign direct investment (FDI). However, after factoring in an outflow of $7.3 million, the new inflow settled at $153.9 million. In March 2024, Pakistan attracted $311.2 million in FDI from multiple […]
Consumer Confidence increased by 1.9 points in March By: APP on April 24, 2024The Consumer Confidence Index (CCI) improved by 1.9 points to 33.6 points on month-on-month basis during the month of March 2024 over the previous month (February 2024), according to consumer confidence survey report released by State Bank of Pakistan (SBP). Likewise, the Current Economic Conditions (CEC) index improved by 2.9 points to 30.9 and the […]
Gold rates dip by Rs.3,500 per tola to Rs.248,700 By: APP on April 23, 2024The per tola price of 24 karat gold decreased by Rs.3,500 and was sold at Rs.248,700 on Monday compared to its sale at Rs.252,200 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.3,021 to Rs.213,220 from Rs.216,221 whereas the prices of 10 gram 22 karat gold went […]