The United States dollar gained Rs0.48 against the Pakistani rupee in the interbank market on Monday۔ According to forex dealers, the greenback is currently trading at Rs168.35 against the domestic currency at the interbank foreign exchange market. On August 6, the State Bank of Pakistan announced an increase of United States Dollar 567 million in مزید پڑھیں

Twitter has approached TikTok’s Chinese owner ByteDance to express an interest in buying its US operations, according to sources. Video-sharing platform TikTok has been at the centre of fierce debate in recent weeks and takeover talk. Last week US Donald Trump ordered firms to stop doing business with TikTok within 45 days over security concerns. مزید پڑھیں

Low oil prices exacerbated by the spread of the new coronavirus pandemic, have inflicted a huge financial loss on Saudi Arabia and its biggest revenue generator, the state-run oil company Aramco. In a Sunday statement, Aramco CEO Amin Nasser admitted the company had suffered bitterly as a result of recent developments in the international oil مزید پڑھیں

Microsoft is chasing a deal to buy all of TikTok’s global business, the Financial Times reported on Thursday, citing five people with knowledge of the talks. However, a source familiar with the discussions told Reuters that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance. Microsoft had said مزید پڑھیں

Gold jumped to a record high on Wednesday, pushing further past the $2,000 mark in the face of a weak dollar, falling U.S. Treasury yields and expectations of more stimulus measures for the pandemic-ravaged global economy. European stocks opened higher , aided by a batch of positive earnings. U.S. equity futures ESc1 1YMc1 rose too, مزید پڑھیں

Take-Two Interactive Software sold over 15 million units of “Grand Theft Auto V” in the first two quarters of the year. As more people lapped up the action-adventure videogame to keep themselves entertained during lockdowns. The company has sold 135 million units of the hit franchise since its launch in 2013, with Bernstein analysts saying مزید پڑھیں

Petrol prices in the country are expected to increase again next month after the Petroleum Ministry recommended another increase in prices by up to Rs9.5/litre for August. In a summary sent to the Finance Ministry, the Petroleum Ministry has proposed an increase of Rs7/litre in petrol price, Rs9.5 in diesel price, Rs6.21 in light diesel مزید پڑھیں

Gold rates chalked up another record peak before pulling lower as the dollar clawed back earlier losses, while equity markets struggled with mounting coronavirus fears, dealers said. With worrying new spikes in infections in Asia and Europe on top of the already-high new US cases  forcing governments to impose strict COVID-19 containment measures, the global مزید پڑھیں

Minister for Power Division Omar Ayub Khan says the government is taking various initiatives for development in energy sector. Addressing the launching ceremony of Pakistan’s First Electric Charging Station in Islamabad on Wednesday, he said it is a welcoming initiative and an important step towards Clean and Green Pakistan. Omar Ayub Khan said twenty four مزید پڑھیں

The State Bank of Pakistan (SBP) has received 505 million US dollars aid from the World Bank, the central bank announced in a post on Tuesday. Last month, the State Bank of Pakistan (SBP) had received one billion dollars – 500 million dollars each from the World Bank and the Asian Development Bank. #SBP has مزید پڑھیں