LAHORE – Three World Bank, Asian Development Bank (ADB), and Agence Française de Developpement (AFD) teams met separately with NTDC Managing Director Engr. Dr. Rana Abdul Jabbar Khan today at WAPDA House Lahore to evaluate the status of different existing and planned projects. The foreign delegations of the lenders, alongRead More →
ISLAMABAD: The cement dispatches decreased by 7.10% in February 2023 as a result of the worsening economic condition, import restrictions, and halted building operations. The total amount of cement shipped this month was 4.040 million tonnes, compared to 4.348 million tonnes sent in the same month previous fiscal year. TheRead More →
KARCHI : — The Pakistan Stock Exchange lost Rs1.2 trillion in the second month of 2023, bringing the total finance of the PSX to Rs62.7 trillion, up from 63.9 trillion before. In February 2023, the dollar lost Rs six when compared to the rupee, causing the interbank dollar rate toRead More →
HONG KONG (Reuters) – As a result of U.S. inflation figures and comments from central bank officials, investors are concerned that interest rates will be higher for a longer period of time. On Wednesday, Asian markets declined while the U.S. dollar remained steady. Headline January’s U.S. CPI came in atRead More →
ISLAMABAD : Monday’s price of 24 karat per tola gold was Rs 3,300 more than the previous day’s price of Rs183,900. All Sindh Sarafa Jewellers Association said that 10 gramme 24 karat rose by Rs2829 to Rs160,494 from Rs157,665, while 10 gramme 22 carat rose to Rs147,119 from Rs144,526. PerRead More →
ISTANBUL (REUTERS) – The lira of Turkey, which has lost about 30% of its value versus the dollar this year, hit a record low of 18.75 on Monday, moving lower following a period in which Ankara adhered to policies that strictly controlled the currency rate. The lira was 0.35% lowerRead More →
MOSCOW (REUTERS) – On Monday, the Russian rouble moved up against the dollar, gaining some ground after seeing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas might affect Russia’s export earnings. Following the implementation of an oil embargo and price cap,Read More →
Tokyo ( Rueter) Japan’s economy, the third-largest in the world, shrank less than initially predicted in the third quarter, supporting the idea that it is slowly emerging from COVID-19 gloom even as major export markets continue to weaken. Separate data revealed that the economy had experienced its first current accountRead More →
According to a television broadcaster, SpaceX is aiming to raise $1.7 billion in new investment, a significant undertaking as its controversial founder Elon Musk continues to create headlines. CNBC claimed that the space travel pioneer would be paying $70 per share, up from $56 per share after a stock splitRead More →
The Pakistani rupee (PKR) has shed 1.61 rupees in early trade after enduring a hard patch amid worsening macroeconomic indicators. The ongoing rise in the value of the dollar against the Pakistani rupee has exacerbated the economic situation. Since the introduction of the new government, the interbank rate has increasedRead More →
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