Electricity consumers in Karachi may face lower bills as K Electric has requested a 0.27 paisa per unit reduction in electricity prices. According to a report by The Express Tribune on Thursday, the application submitted to the National Electric Power Regulatory Authority (Nepra) pertains to the month of October under the monthly fuel adjustment procedure,…
The Pakistan Stock Exchange (PSX) continued its impressive rally on Thursday, briefly crossing the 106,000-point mark during intraday trading, driven by strong investor sentiment. The benchmark KSE-100 index rose 1,533.30 points or 1.46% to 106,637.63 points, higher than the previous day’s close of 105,448.05 points. The rally followed a record high reached on Wednesday, with…
On Thursday, December 5, 2024, the UK Pound Sterling (GBP) saw a marginal increase in the Pakistan open market. The purchase price is now at Rs. 352.71, while the selling rate is Rs. 357.89. This is an increase of 52 paise over the previous closing rate of Rs. 352.19 This stability in the pound-rupee exchange…
This exchange rate volatility continues to reflect the dynamic nature of currency markets, which can affect remittance flows and broader economic activity. Saudi Arabia is a key partner for Pakistan, contributing to the country’s foreign remittances through its large Pakistani expatriate community. Relations between the two countries also extend to trade, energy, defense and cultural…
Pakistan and Russia on Wednesday signed eight key memoranda of understanding (MoUs), focusing on health, education and trade, as Islamabad aims to attract foreign investment and boost its economy. To strengthen. The agreements were finalized during the 9th Inter-Governmental Commission (IGC) meeting in Moscow under the leadership of Pakistan’s Federal Minister for Energy Sardar Owais…
Follow us on Google News. Over recent months, Bitcoin prices have soared to unprecedented heights, breaking records and attracting the attention of millions of investors around the world. In US dollars, the current price of Bitcoin is 103,364.80 today, which may go up or down a bit. However, the more likely scenario is that the…
Follow us on Google News. ISLAMABAD: The FBR on Tuesday approved temporary import of vehicles into Pakistan for three months without customs duty by tourists here. According to the amended Customs Rules 2001, as set out in SRO 1965 issued on Monday, tourists can import vehicles using a carnet de passage or a bank guarantee….
Gold prices in Pakistan remained stable on Wednesday after a slight increase the previous day. According to All Sindh Sarafa Jewelers Association, the price of 24 carat gold was Rs 1000. 275,200 per tola, while the price of 10 grams stood at Rs. 235,940. On Tuesday, the price of gold increased by Rs.100. 700 per…
Stocks continued their record-breaking streak on Wednesday with the Pakistan Stock Exchange (PSX) crossing the 105,000-point mark for the first time. The increase is due to growing expectations of a significant cut in interest rates by the State Bank of Pakistan (SBP) at its December 16 monetary policy meeting. The benchmark KSE-100 index rose 914.49…
In a major diplomatic development, Prime Minister Shahbaz Sharif met with Saudi Crown Prince Mohammed bin Salman on the edge of One Water Summit In Riyadh on Tuesday, the two countries reiterated their commitment to deepen economic and investment partnership. This is the fifth meeting between the two leaders in the last six months, a…