Karachi, August 9, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a robust gain of 695 points on Friday, closing at 78,569 points. The KSE-100 index moved upward from the previous day’s closing of 77,874 points, reflecting a positive trading environment throughout the session.
(more…)Author: Shahnawaz Akhter
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Remittances Soar by 48% YoY in July 2024, Reaching $3 Billion
Karachi, August 9, 2024 – Pakistan witnessed a significant surge in workers’ remittances, with inflows rising by 48% Year on Year (YoY) in July 2024, according to data released by the State Bank of Pakistan (SBP) on Friday.
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Rupee Gains Momentum, Closes at PKR 278.55 to Dollar
Karachi, August 9, 2024 – The Pakistani Rupee strengthened against the US Dollar on Friday, closing at PKR 278.55 in the interbank market, marking an appreciation of 14 paisas from the previous day’s rate of PKR 278.69.
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Rs 4.22 Billion in Prize Bonds Unclaimed as Deadline Passes
Karachi, August 9, 2024 – A staggering amount of Rs 4.22 billion in bearer prize bonds remains unclaimed following the expiration of the deadline for conversion or exchange on June 30, 2024. According to data released by the State Bank of Pakistan (SBP), many holders of these unregistered prize bonds failed to take action despite multiple extensions provided by the government.
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Pakistan Reports Increase in Forex Reserves by $80 Million
Karachi, August 8, 2024 – The foreign exchange reserves of Pakistan saw a modest increase of $80 million during the week ending on August 2, 2024, according to the latest data released by the State Bank of Pakistan (SBP).
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KSE-100 Index Surges 760 Points on Mari’s Surprise Earnings
Karachi, August 8, 2024 – The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index soared by 760 points on Thursday, driven primarily by the better-than-expected financial results of Mari Petroleum Company Limited.
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Mari Petroleum Achieves Record Annual Earnings in FY24
Karachi, August 8, 2024 – Mari Petroleum Company Limited announced on Thursday that it achieved its highest-ever annual earnings for the fiscal year 2023-24, marking a significant milestone in the company’s history.
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OICCI and UNDP Join Forces for Sustainable Pakistan
Karachi, August 8, 2024 – In a pioneering collaboration, the Overseas Investors Chamber of Commerce & Industry (OICCI) and the United Nations Development Programme (UNDP) Pakistan have forged an alliance to promote a more sustainable and inclusive future for Pakistan.
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KTBA Calls on FBR to Update ITGO Weekly for Return Filers
Karachi, August 8, 2024 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to update the Income Tax General Order (ITGO) on a weekly basis to remove the names of individuals who have filed their income tax returns.
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Rupee Inches Up by 4 Paisas Against Dollar
Karachi, August 8, 2024 – The Pakistani Rupee made a slight recovery on Thursday, gaining 4 paisas against the US dollar in the interbank market. The rupee closed at PKR 278.69 per dollar, a modest improvement from the previous day’s rate of PKR 278.73.
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