Despite a tepid beginning from Wall Street, Asian equities climbed Tuesday as dismal Chinese economy data revealed the deep cutbacks of Beijing’s zero-Covid policy, adding to inflation concerns. To combat an Omicron-fueled tsunami, China has maintained its stringent zero-Covid policy, ordering lockdowns in numerous cities and closing factories and ports.Read More →
ISLAMABAD: The federal government has issued a notification about petroleum product pricing after the finance minister declared that the rates will be maintained. According to the finance ministry’s statement, the petrol price would remain at Rs149.86 per litre, Rs144.15 for high-speed diesel (HSD), Rs125.56 for kerosene oil, and Rs118.31 forRead More →
ISLAMABAD (A News) – According to Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar, the State Bank of Pakistan’s foreign exchange reserves have dropped by more than $6 billion since the no-confidence vote. Asad Umar, speaking at a news conference with PTI leaders in Islamabad, said that diminishing reserves are putting pressureRead More →
On Friday, the price of 24 carat per tola gold dropped by Rs 700, to Rs 135,300, from Rs 136,000 on the local market. According to the All Sindh Sarafa Jewellers Association, the price of 10 gramme 24 carat gold has dropped by Rs 600 to Rs 115,998, down fromRead More →
The decision by the world’s largest palm oil producer to stop exports beginning on Thursday will raise prices for all major edible oils, including palm oil, soy oil, sunflower oil, and rapeseed oil. Mumbai: After Indonesia’s unexpected restriction on palm oil exports drove buyers to seek alternatives, which were alreadyRead More →
Prime Minister Muhammad Shehbaz Sharif paid a visit to the Diamer-Bhasha Dam construction site on Sunday. Given the national significance of the megaproject, the prime minister chose to pay a visit to the site despite the fact that Sunday is an official holiday. WAPDA Chairman retired Lt. General Muzammil HussainRead More →
On the local market, the price of 24 carat per tola gold jumped by Rs 150 and was sold for Rs 131,350 on Thursday, up from Rs 131,200 the previous day. According to the All Sindh Sarafa Jewellers Association, the price of a gramme of 24 karat gold increased byRead More →
The US dollar broke over the 180-mark against the Pakistani rupee during intraday trading in the interbank market (PKR). The dollar resumed its upward trend, increasing over 60 paisas to 180.05 against the greenback, up from 179.44 the day before.Read More →
On Friday, the price of 24 karat per tola gold dropped by Rs 50 on the local market, when it was sold for Rs 128,800, down from Rs 128,850 the day before. The price of 10 gramme 24 karat gold declined by Rs 43 to Rs 110,425 from Rs 110,468Read More →
The Pakistani rupee fell 21 paisas against the US dollar in interbank trade on Monday, according to the State Bank of Pakistan, concluding at Rs177.62 against a previous day’s close of Rs177.41 (SBP). The open market purchasing and selling values of the dollar, according to the Forex Association of Pakistan,Read More →
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