Sunday , March 29 2020

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PSX closes in green after partial recovery

Pakistan Stock Exchange

The Pakistan Stock Exchange closed in green on Friday with all market indices gaining value. The benchmark KSE100 index gained over 3% and closed at 28,109 points for the weekend. Market experts have a consensus that the federal monetary economic stimulus package has helped traders gain confidence. The removal of …

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Dollar up by Rs1.87 to trade at Rs 168 in interbank market

KARACHI (Web Desk) – The US dollar has hit all-time high against the Pakistani rupee in the interbank market on Friday. According to details, the value of dollar has surged by Rs1.87 today to trade at Rs 168 in the interbank market. Furthermore, the price of the US dollar increased …

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Pakistan’s Foreign exports grew by 13.6% during February

Pakistan's Foreign exports

Islamabad: Pakistan’s merchandise exports saw a double-digit growth in February, ending the decline trend. Business analysts believe that the reason for the growth is the global change in orders being taken in view of the spread of the Coronavirus in China. According to data released by the Department of Commerce, …

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Inflation declines in February compared to January


Islamabad: Inflation in February stood at 12.40%. According to institutional statistics, inflation declined by 1.04% during January as compared to January and the rate of inflation from July to February was 11.70%. Vegetable oil prices rose 13.15%, coking oil price 10.27 %, sugar 8.45 %and fresh vegetables 4.16 %, according …

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HBL announces to close its branch in New York


Habib Bank Limited (HBL) announces voluntary closure of its branch in New York Habib Bank’s statement said Habib Bank branch in New York will be closed from March 31, 2020, the move to close the branch is being carried out under New York state banking laws and after voluntary closure …

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IMF praises Pakistan for achieving targets

The International Monetary Fund (IMF) says Pakistan has made “significant progress” in the program, but staff-level talks ended without agreement and the IMF team returned home. According to a local media report, Dr Abdul Hafeez Shaikh, Advisor to the Prime Minister, spoke to the media and said that the talks …

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