KARACHI: The interbank foreign exchange market witnessed a positive shift on Wednesday as the Pakistani Rupee (PKR) gained 7 paisas against the US Dollar.
(more…)Author: Hamza Shahnawaz
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FPCCI to move review petition in demolition of illegal constructions
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced its decision to file a review petition before the Supreme Court of Pakistan (SCP) concerning the demolition of illegal and unauthorized constructions in Karachi.
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NBP becomes settlement bank for Mobi Direct Payment System
KARACHI: National Bank of Pakistan (NBP) has signed an agreement to become settlement bank for Mobi Direct’s digital payment system.
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Rupee continues gain in early trade
KARACHI: The Pakistani Rupee (PKR) continued its upward trajectory against the US Dollar in early trading on Wednesday, strengthening by 11 paisas.
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KSE-100 gains 204 points amid selling pressure
KARACHI: The benchmark KSE-100 Index of Pakistan Stock Exchange (PSX) experienced a modest gain of 204 points on Tuesday, closing at 40,624 points, up from 40,420 points the previous day.
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Rupee strengthens by 10 paisas against dollar
KARACHI: The Pakistani Rupee saw a positive trend against the US Dollar on Tuesday, gaining 10 paisas in the interbank foreign exchange market.
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SBP stresses urgent need to initiate structural reform in economy
KARACHI: The State Bank of Pakistan (SBP) highlighted the critical need for immediate structural reforms in the country’s economy in its report on the State of Pakistan’s Economy for the first quarter of Fiscal Year 2018/2019, released on Tuesday.
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UBL surrenders New York Branch license
KARACHI: United Bank Limited (UBL) officially communicated to the Pakistan Stock Exchange (PSX) on Tuesday that it has surrendered its New York branch license to the New York State Department of Financial Services (NYDFS) on January 28, 2019.
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Rupee makes significant gain against dollar in early trade
KARACHI: The Pakistani Rupee exhibited noteworthy gains against the US Dollar in early trade on Tuesday, attributed to the shrinking current account deficit and increased foreign assistance inflows, according to market dealers.
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First meeting of reconstituted 9th NFC to be held on February 06
The eagerly anticipated first meeting of the reconstituted Ninth National Finance Commission (NFC) is scheduled to take place today, with discussions focusing on the current fiscal position of the country.
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