KARACHI: The liquid foreign exchange of the country increased by $148 million to $18.271 billion by week ended January 17, 2020, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves were at $18.123 billion a week ago. The foreign exchange reserves of the central bank increased by $146 million to $11.732 […]
KARACHI: The stock market declined by 54 points on Thursday amid selling pressure in various scrips. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,507 points as against 42,561 points showing a decline of 54 points. Analysts at Arif Habib Limited said that the market traded in the range of -122 points […]
KARACHI: The Pak Rupee depreciated by nine paisas on Wednesday owing to demand for import and corporate payments. The rupee ended Rs154.62 to the dollar from previous day’s closing of Rs154.53 in interbank foreign exchange market. Currency dealers said that the market witnessed buying activities in foreign currency from importers and corporate buyers. The foreign […]
KARACHI: The manufacturer of Honda Cars in Pakistan has reported 73 percent decline in profit for the period (April-December) 2019. According to financial results of the company shared with Pakistan Stock Exchange (PSX) on Thursday the company declared profit after tax to the tune of Rs710 million during the period as compared with Rs2.68 billion […]
KARACHI: The State Bank of Pakistan (SBP) is likely to keep the policy rate unchanged due to the recent surge in inflation, analysts said on Thursday. Analysts at Arif Habib Limited expect inflation to remain elevated in upcoming months on account of regular adjustment in electricity price (fuel cost adjustment and base tariff hike), another […]
ISLAMABAD: The mandatory requirement of Computerized National Identity Card (CNIC) on purchases of above Rs50,000 to apply from February 01, 2020. Sources in Federal Board of Revenue (FBR) on Wednesday said that the condition of CNIC on purchases above Rs50,000 will be applicable from February 01, 2020. The FBR will take legal action against those […]
KARACHI: Sindh Governor Imran Ismail on Wednesday paid surprise visit to outlets of Utility Stores Corporation (USC) to check the availability of essential items under Prime Minister Relief Package. The Sindh governor visited the stores on the directives of Prime Minister Imran Khan. Chairman USC Zulqarnain was also with him during visits of various outlets […]
KARACHI: Prime Minister Imran Khan has constituted a high-level committee to probe wheat/flour crisis and fix responsibility. Taking strict notice of the recent wheat/flour related controversy, Prime Minister Imran Khan has constituted a high-level committee to identify and fix responsibility, if any, on any individual/officer/organization, including any purported benefit to a private party, besides suggesting […]