Business
Pakistani currency market witnessed calm trading on August 19 as the Rupee maintained its position against major foreign currencies, including the US Dollar. According to updates from currency exchanges, the US Dollar was bought at Rs 284.65 and sold at Rs 285.25 in the open market. In the
Business
The Pakistan Stock Exchange (PSX) opened on a positive note Friday, with the KSE-100 Index crossing the 147,000 level after Moody’s upgraded Pakistan’s credit rating. By 10:40am, the benchmark index had gained 957.05 points, or 0.65%, reaching 147,486.35. The rally was
Business
The Economic Policy & Business Development Think Tank (EPBD) has released its inaugural report formulating a Wealth Perception Index 2025, listing Pakistan’s top 40 public and private sector conglomerates, including the first-ever compilation of prospective dollar-billionaire business groups in the country. The Index, launched on Pakistan’s
Business
High-speed diesel (HSD) rates in Pakistan are projected to fall by around Rs11.50 per litre from August 16, while petrol prices may rise by approximately Rs1.40 per litre, according to industry estimates. Read more: Global Oil Drop to Bring Relief at the Pump The anticipated changes, based
National
Deputy Prime Minister Ishaq Dar has called for continuity in Pakistan’s economic policies, warning that abrupt changes with every political transition damage long-term growth. Addressing a dinner in honour of the business community, Dar said Pakistan’s economic direction must remain stable, free from political interference, to encourage
Business
A recent audit report has disclosed that five countries: Iraq, Bangladesh, Sri Lanka, Sudan, and Guinea-Bissau, collectively owe Pakistan $304.5 million in unpaid export credits, some dating back to the 1980s. Read more: Global Oil Drop to Bring Relief at the Pump According to the Auditor General of
Business
Motorists in Pakistan may soon see further relief at fuel stations, with petrol and diesel prices expected to drop again from 16 August. The anticipated cut follows a steady decline in global crude oil prices over the past 11 days. US benchmark West Texas Intermediate (WTI) has fallen by $5.
Business
Prices of gold in Pakistan continued their upward trend on Thursday, driven by international market movement and currency shifts. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that 24-karat gold rose by Rs2,900 per tola, hitting Rs362,200. Global gold prices reached $3,395 per ounce,
Business
foodpanda, Pakistan’s leading online delivery platform, today announced the release of its comprehensive ‘Economic Impact Assessment of foodpanda in Pakistan’ study, independently conducted by the Lahore University of Management Sciences (LUMS). The first-of-its-kind study unveils the significant economic contributions of foodpanda to Pakistan’s economy. The
Business
Gold lost ground in both local and global markets on Tuesday, halting a two-day rally that had seen prices climb steadily. According to figures shared by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold declined by Rs1,500 per tola, now priced at
entertainment
Veteran TV actor and producer Nabeel Zafar has expressed deep concern over the country's economic challenges, saying that increasing electricity charges are putting citizens under extreme pressure. Speaking during a recent talk show appearance, Zafar pointed out that monthly utility bills have grown so heavy that even glancing
Business
Economic Policy & Business Development (EPBD) Chairman Gohar Ejaz termed the trade deal with the United States as a great success, while saying that it would create a competitive environment for Pakistani products. Ejaz in a message on X stated that the US has reduced the tariff on Pakistan from