Apr 29

Stock market gains 605 points on positive sentiments

KARACHI: The stock market gained 605 points on Wednesday owing to positive sentiments prevailed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,159 points as against 32,553 points showing an increase of 605 points. Analysts at Arif Habib Limited said that the market opened on a positive note today […]

by Mrs. Anjum Shahnawaz

Rupee gains four paisas on ease in import payment demand

Apr 29

Money & Banking

Rupee gains four paisas on ease in import payment demand

KARACHI: The Pak Rupee gains four paisas against dollar on Wednesday owing to ease in import payment demand, dealers said. The rupee ended Rs161.61 to the dollar from previous day’s closing of Rs161.65 in interbank foreign exchange market. The currency dealers said that import payment demand was eased during the day which helped the rupee […]

by Mrs. Anjum Shahnawaz

State-owned land in major cities to be offered for sale to overseas Pakistanis

Apr 29

Finance, National

State-owned land in major cities to be offered for sale to overseas Pakistanis

ISLAMABAD: Prime Minister Imran Khan on Tuesday said that the government has planned to offer sale of state-owned land in major cities to overseas Pakistanis. While chairing the federal cabinet meeting, the prime minister said that the government has planned to offer government owned land located in major cities to the overseas Pakistanis in order […]

by Mrs. Anjum Shahnawaz

Apr 29

Money & Banking

Bank holiday announcement

KARACHI: Banks will remain closed on May 01, 2020 on the occasion of Labour Day as declared holiday by the government. State Bank of Pakistan (SBP) on Tuesday issued a circular informing the presidents and chief executives of all banks, development financial institutions and microfinance banks that the central bank will remain closed on May […]

by Mrs. Anjum Shahnawaz