The Pakistan Stock Exchange (PSX) endured a bearish session on the last trading day of the week on Friday as the benchmark index dipped in the wake of the Financial Action Task Force’s (FATF) decision. Contrary to the market expectation, the FATF retained Pakistan on the grey list, while noting that “good progress” has been مزید پڑھیں

The gold price maintained its uptrend in the domestic market and rose by Rs1,400 to close at Rs125,600 per tola on Friday in line with the surge in the international bullion market. Gold prices in the local bullion market jumped Rs1,201 per 10 grams to reach Rs107,682. A day earlier, the precious commodity closed at مزید پڑھیں

The Pakistan Stock Exchange (PSX) on Friday revised timings for the trading session which will come into effect from October 25. According to a notice sent to all market participants, key changes to the Designated Time Schedule (DTS) are: extension of 30 minutes for continuous trading session; reduction of post-close session to 10 minutes and مزید پڑھیں

The Asian Development Bank (ADB) to provide US$600 million for ‘Ehsaas Program’ under Integrated Social Protection Development Program. Country Director, Asian Development Bank, Mr.Yong Ye, call on Federal Minister for Economic Affairs, Omar Ayub Khan in the Ministry of Economic Affairs, Islamabad, said a press release issued here on Thursday. During the meeting, Minister for مزید پڑھیں

A few days after the government announced an increase in the power tariff by Rs1.39 per unit, K-Electric, the sole electricity supplier in Karachi, has submitted an application to the National Electric Power Regulatory Authority (NEPRA), seeking a Rs3.45 per unit hike in the rate of electricity. According to NEPRA, K-Electric has requested an increase مزید پڑھیں

The price of gold jumped Rs2,000 in Pakistan near a 14-month high of Rs124,200 per tola on Thursday in line with an increase in international prices. Dealers suggest that the return of inflationary days in Pakistan and around the world has once again invited investors’ attention towards the yellow metal. Gold prices in the local مزید پڑھیں

Some people suffer losses due to a rise in the exchange rate, but some also benefit from it, says State Bank of Pakistan (SBP) Governor Reza Baqir. The SBP governor was speaking on Wednesday at a press conference, where he said that the devaluation of currency helped overseas Pakistanis and their families as they were مزید پڑھیں

A Russian court has barred Samsung Electronics from importing and selling 61 models of smartphones in Russia over an intellectual property lawsuit pertaining to its Samsung Pay system, the RIA news agency reported on Thursday. According to another RIA report, the court ruling has been challenged and has yet to take effect. The lawsuit filed مزید پڑھیں

The US dollar continued to rise against the rupee on Wednesday — a trend experts largely attribute to the country’s growing current account deficit — reaching a record high of Rs173.50 after appreciating by 55 paisas in interbank trade. According to the Forex Association of Pakistan (AFP), the buying rate of the greenback was recorded مزید پڑھیں

The Sindh High Court ordered the government to form a high-level committee to review the legal status of cryptocurrencies as it heard a petition demanding that the court declare a State Bank of Pakistan order null and void. The court stated that steps should be taken to regulate cryptocurrencies in consultation with all stakeholders, including مزید پڑھیں