Dollar soars to Rs161 in interbank trade
The Pakistani Rupee depreciated by Rs2.6 against the US Dollar in Wednesday's interbank session.
The local currency closed the day's trade at...
Foreign divestment crosses $1.5bn mark
KARACHI:Â Total gross divestment during March 2020 has just reached $1.501 billion, according to data released by the State Bank of Pakistan (SBP),...
Bloodbath continues at PSX; index plunges 1,336 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Wednesday, with the KSE-100 Index nosediving to its six-year...
Textile exporters fear ‘severe liquidity crunch’, seek PM’s intervention
LAHORE: Textile exporters on Wednesday made an appeal to Prime Minister Imran Khan to intervene and ensure the suspension of sales tax...
Rupee falls to 162 against dollar in interbank
KARACHI: The Pakistani rupee was quoted to be trading at 162 in the interbank, sliding to its lowest since June 2019 in...
Trading at PSX suspended as KSE-30 plunges by 5%
Despite the Rs 1,000 billion huge relief package announced by the government to support the economy, trading at Pakistan Stock Exchange (PSX)...
Asia rides Wall St surge as investors hope US $2 trillion stimulus
Asian shares extended their rally on Wednesday in the wake of Wall Street's massive rebound as the US Congress appeared closer to...
‘Konnect by HBL’ offers medical consultation and much more
There have been times all of us have gotten stuck in some bad situation and have wondered, wish I could solve this...
States reject Trump talk of restarting US economy early
NEW YORK/WASHINGTON: A week after millions of Americans began taking shelter at home from the coronavirus, states warned on Tuesday against easing...
Foreign outflows cross $1.4bn mark
KARACHI: Total gross divestment during March 2020 has reached $1.406 billion, according to data released by the State Bank of Pakistan (SBP),...
Experts welcome govt’s stimulus package, but deplore ‘nominal rate cut’
LAHORE: Exporters and economists on Tuesday welcomed the Rs1,200 billion 'stimulus package' announced by Prime Minister Imran Khan to financially support different...
Engro slashes urea price by Rs240 per bag
ISLAMABAD: Engro Fertilisers on Tuesday announced a further reduction in urea prices by Rs240 per bag amid coronavirus crisis that is impacting...
SECP simplifies registration of life insurance products
ISLAMABAD: With an aim to promote ‘ease of doing business’ in the country, the Securities and Exchange Commission of Pakistan (SECP) on...
Swvl leads with initiatives to facilitate masses amid corona crisis
As the country comes to a standstill in an effort to prevent the further spread of the coronavirus, a lot of people...
KSE-100 sinks 2,100 points amid virus uncertainty
KARACHI:Â The Pakistan Stock Exchange (PSX) took a massive beating on Tuesday, with the KSE-100 Index nosediving below the 29,000-mark intraday, triggering a...