In its annual Asian Development Outlook Report 2024, the Asian Development Bank (ADB) Thursday termed political unrest, devastating floods, and policy slippage as major hurdles in Pakistan’s economic progress, citing uncertainty as a risk towards the country’s efforts for stabilisation, recovery and reforms. “The economy contracted as devastating floods, political unrest, and policy slippage curbed مزید پڑھیں

The Pakistan Stock Exchange witnessed an unprecedented surge as the benchmark KSE-100 index soared past the monumental 70,000 mark for the very first time in history. The bullish trend, which has been gaining momentum steadily, reached its pinnacle as the index rose by 511 points, marking a remarkable increase of 0.73 percent and reaching a مزید پڑھیں

Shares at the Pakistan Stock Exchange (PSX) traded in the green on Monday, gaining more than 800 points in intraday day and crossing the 69,000 barrier. Previously, the index had made headlines for crossing the 68,000 mark which Arif Habibi Limited had called its “highest-ever closing”. Analysts had attributed the gains to “aggressive buying” in مزید پڑھیں

The World Bank’s Board Of Executive Directors has approved financing of 149.7 million dollars for two projects of Pakistan, “digital economy” and “flood prevention”. 78 million dollars have been allocated for the digital economy enhancement project, which will improve the financial system through technology and data-based decision-making. Through this project, digitalization of government institutions will مزید پڑھیں

Gold rate in Pakistan hit new peak on Saturday in line with a record increase in the international rate. The yellow metal was priced Rs245,100 per tola after a single-day gain of Rs4,900. The 10-gram gold was sold at Rs210,134 after an increase of Rs4,200, according to rates shared by the All Pakistan Gems and مزید پڑھیں

All the banks and financial institutions will remain closed from April 10 to 12 in connection with the Eid ul Fitr. In a statement, the State Bank of Pakistan (SBP) announced that the central bank will “remain closed from 10th to 12th April, 2024 (Wednesday to Friday) being public holidays on the occasion of Eid مزید پڑھیں

The Pakistan Stock Exchange briefly crossed the 68,000-point mark on Thursday, creating a new record for the stock market. The benchmark 100-index got off to a hot start on Thursday, quickly reaching 68,392 points. However, the PSX fell lower than the mark soon only to cross it again briefly for the second time in a مزید پڑھیں

Bulls dominated the trade floor at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 700 points in intraday trade. The KSE-100 index gained 704 points, or 1.05 per cent, to stand at 67,590.26 at 12:01pm from the previous close 66,886.26 points. According to the PSX website, major gains were noted in sectors مزید پڑھیں

The federal government increased on Sunday the petrol rate by nearly Rs10 and slashed the diesel price by more than Rs3 ahead of Eidul Fitr. The new petrol rate after the Rs9.66 increase is Rs289.41 while the diesel price fell from Rs285.56 to Rs282.24 after the reduction of Rs3.32. “The above price adjustments are in مزید پڑھیں

The federal government is preparing to announce new petrol price with an increase of Rs 10 per litre from April 1, fuelling inflation in the county. However, if the authorities gave in to the IMF demands petrol price may increase by up to Rs50 per litre. The prices will rise due to the premium on مزید پڑھیں