Addressing Leaders in Islamabad Business Summit in Islamabad, Finance Minister Miftah Ismail has said the government is focusing on enhancing exports. He assured to extend facilitation to the companies in exporting their products to the international market. He stressed that every company should export at least ten percent of their products to earn valuable foreign مزید پڑھیں

In line with the international market, the price of gold plunged by a whopping 3.1% in the domestic market amid no demand from consumers. Data released by the All Sindh Sarafa Jewellers Association (ASSJA) showed that the gold prices in the local market recorded a decrease of Rs4,300 per tola and Rs3,686 per 10 grams مزید پڑھیں

The Government of Pakistan Monday jacked up the petrol price by Rs6.72 per litre for the next fortnight. “In the wake of fluctuations in petroleum prices in the international market and exchange rate variations, the government has decided to revise the existing prices or petroleum products to pass on the impact to the consumers,” the مزید پڑھیں

Acting Governor State Bank of Pakistan (SBP) Dr Murtaza Syed has expressed the hope that the crucial IMF bailout package will provide a reprieve to the country. Speaking on the forthcoming IMF bailout package and Pakistan’s prospects amidst the difficult global environment, the SBP governor brushed aside the perception that Pakistan’s economy was in dire مزید پڑھیں

The Pakistan Stock Exchange (PSX) continued its positive momentum on Monday on the back of the International Monetary Fund’s (IMF) letter of intent and other expected inflows. According to the PSX website, the benchmark KSE-100 index gained 764.25 points, or 1.78 per cent, to close at 43,621.82 points. It reached an intraday high of 43,659.04 مزید پڑھیں

The Pakistani rupee is expected to continue its upward trajectory on renewed optimism that the International Monetary Fund (IMF) bailout package will resume by the end of this month. The local unit appreciated around 3% against the US dollar in three trading sessions this week. It concluded at 221.91 per dollar on Wednesday and finished مزید پڑھیں

The benchmark KSE-100 index reversed its losses on Friday on the back of the rupee’s strong recovery and expected inflows. According to the Pakistan Stock Exchange (PSX) website, the benchmark index had gained 386.33 points, or 0.91 per cent, by 12:26 pm to reach 42,629.66 points. On Thursday, stocks snapped a five-day rally due to مزید پڑھیں

The rupee continued to gain for the ninth consecutive session on Friday, jumping by Rs3.28 in the interbank market. According to the Forex Association of Pakistan (FAP), the PKR was being traded at Rs215.6 by 12:30pm, having appreciated 1.49 per cent from yesterday’s close. Mettis Global Director Saad bin Naseer said he believed the rupee’s مزید پڑھیں

Gold price was down Rs1,400 at Rs141,700 per tola and decreased by Rs1,200 to Rs121,485 per 10 grams. The rates of gold were Rs143,100 per tola and Rs122,685 per 10 grams. The dealers had already anticipated the market to undergo a correction after the precious commodity scaled to new peaks. The gold hit an all-time مزید پڑھیں

The rupee’s upward trajectory against US dollar continued on Wednesday, as it gained Rs4.28 in the interbank market. The greenback was being traded at Rs221.75. The development comes against the backdrop of $1 billion of investment from the United Arab Emirates and the update on the International Monetary Fund tranche, which last week said Pakistan مزید پڑھیں