ISLAMABAD: The Pakistani rupee strengthened against the US dollar on Friday, appreciating by 0.1% in the inter-bank market. By the close of the session, the rupee was trading at 278.16, marking a gain of Re0.28 from the previous day’s rate of 278.44, as reported by the State Bank of Pakistan (SBP). This improvement comes as … Read more
KARACHI: Pakistan Stock Exchange (PSX) on Friday ended with thin gains as investors resorted to profit-taking at attractive levels following a spike in the KSE-100 index earlier in the day. The absence of encouraging developments kept investors cautious, leading to limited activity in major stocks while smaller companies attracted the interest of market players. The … Read more
Army Chief General Asim Munir presids over Corps Commanders’ Conference (CCC) at the General Headquarters (GHQ) in Rawalpindi on September 3, 2024. — ISPR RAWALPINDI: Amid a spike in terror incidents particularly in Balochistan and Khyber Pakhtunkhwa (KP), the military’s top commanders on Tuesday took stock of threats posed by “inimical forces” and resolved that the … Read more
KARACHI: The Pakistani rupee appreciated by Rs0.10, closing at Rs278.54 against the US dollar in the inter-bank market, breaking a two-day losing streak due to an increase in the supply of foreign currency within the domestic economy. According to data from the State Bank of Pakistan (SBP), the local currency had cumulatively lost Rs0.32 over … Read more
KARACHI: Positive momentum continued at the Pakistan Stock Exchange (PSX) on Friday owing to an improved economic outlook as investors kept a close watch on the government’s discussion for privatisation of state-owned enterprises (SOEs). The market also took cue from the bullish trend in global equities and the government’s commitment to reducing power tariffs. In … Read more
The marketing and sales of imported liquefied natural gas (LNG) in Pakistan have become a profitable business after the government passed on rising international gas prices to local consumers. This move has helped state-owned energy firms avoid further accumulation of circular debt, reduce their reliance on bank borrowing, and improve their working capital. Amid this … Read more
KARACHI: The Pakistani currency appreciated by Rs0.08 to Rs278.42 against the US dollar in the inter-bank market, continuing its upward trend for the second consecutive working day. This rise comes as the government accelerates efforts to meet the final condition required to secure the remaining portion of foreign financing for a new $7 billion International … Read more
KARACHI: Pakistan Stock Exchange (PSX) saw continuous fluctuations on Friday as the KSE-100 index ended flat after experiencing some volatility. The bourse came under pressure from the approaching end of corporate earnings season and futures rollover. The index began the day on a positive note, reaching its intra-day peak of 79,173.94 after the first hour … Read more
Cristiano Ronaldo, the legendary Portuguese footballer, made a sensational debut on YouTube, amassing an impressive 5.3 million subscribers within hours of launching his channel on Wednesday. At 39, Ronaldo, who currently plays for Saudi Arabia’s Al Nassr, leveraged his immense star power to achieve this remarkable feat. Shortly after releasing his first video, the … Read more
BRUSSELS: The benefits of free trade are based on the classic comparative advantage trade theory, as originally espoused by the English economist David Ricardo in the early 19th century. Consumers, producers and economic growth all benefit on average from free trade. The winners from free trade outweigh the losers. Without making interpersonal comparisons, the logic … Read more