Saturday , August 24 2019

Recent Posts

Rupee gains 73 paisa against dollar in interbank market

dollar and rupees

KARACHI (Web Desk): On Friday, The United States dollar depreciated as the Pakistani rupee gained 73 paisa against the greenback in the interbank market and traded at Rupees 157.50. According to details, the dip in the United States dollar has reduced the debt load by Rupees 600 billion. It is …

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Current account deficit shrinks 73% in July

(Web Desk): On Tuesday, the State Bank said that Pakistan’s current account deficit (CAD) contracted by a huge 73% in the first month of this economic year. The CAD (current account deficit) minimized to $579 million in July (the first month of this financial year), as compared to $2.13 billion …

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State entities losses rise to unprecedented Rs191.5 billion

(Web Desk): The Government of Pakistan’s investments in SOEs (Special Operations Executive) is considerable. With new investments in transport, structure and energy projects, the total benefit base of the SOE (Special Operations Executive) portfolio has increased from Rupees 14.5 trillion (restated) in FY2015/16 to Rupees 17.1 trillion. However, the net …

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PIA earns Rs7-8b from Hajj operations

KARACHI: The Pakistan International Airlines (PIA) has earned a revenue of Rs7-8 billion out of the anticipated Rs25 billion from Hajj operations. Around 250,000 people went to perform Hajj from Pakistan this year. Of this, PIA flew more than 82,000 pilgrims, which is 20% more than the previous year when 68,000 …

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Huawei unveils Harmony OS for use in smartphones and other devices

Harmony os

DONGGUAN (Web Desk): Huawei Technologies presents its new operating system on Friday for use in smartphones and other devices, as United State trade curbs imposed in May threatened to cut the Chinese company’s access to crucial United State technologies such as Android. Head of Huawei’s consumer business group Richard Yu …

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Pakistan Stock Exchange hits five-year low:

pakistan stock exchange

KARACHI (Web Desk): The West Pakistan stock market (PSX) has hit a five-year low and shredded over four hundred points throughout commercialism. The stock market slipped to breach the psychological barrier of 30,000 because the KSE-100 index was listed higher than 29,800 points. As a result of the downfall, investors have together lost over Rs120 billion. According …

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Japanese investors keen to invest in Pakistan:

Japanese investor

(Web Desk): Japanese investors have expressed keen interest to speculate in pharmaceutical, food and agriculture sectors of the Islamic Republic of Pakistan. This was expressed by the Ambassador of Japan to the Islamic Republic of Pakistan, Kuninori Matsuda to the authority to Prime Minister on Finance and Revenue, Dr. Abdul …

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PSX remains bearish on Tuesday

PSX remains bearish

The Pakistan Stock Exchange was bearish today. The KSE-100 Index closed today at 31658.12 points as compared to 31734.23 points on the last working day with a negative change of 76.11 points. The total turnover was 51,288,820 as compared to 45,785,030 on the last working day with Maple Leaf having …

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