The textile industry was badly affected due to the power breakdown across the country. According to All Pakistan Textile Mills Association (APTAMA), the textile sector lost 7 crore dollars in a day due to the power breakdown. The spokesperson said that if the electricity situation is brought under control soon, the textile sector will lose…
The World Bank says that 6 million people across the country are facing food insecurity as a result of heavy rains and worst floods in Pakistan during the last monsoon. In the Food Security Update Report issued by the World Bank, it has been stated that hundreds of people lost their lives as a result…
The price of gold in the country reached an all-time high. According to All Pakistan Gems and Jewelers Association, today the price of gold per tola increased by Rs 950 to Rs 1 lakh 88 thousand 150. Keep in mind that this is the highest price of gold per tola in the country. Similarly, the…
Photo: File Business on Pakistan Stock Exchange (PSX) was mixed today with the 100 index gaining 35 points. The PSX benchmark 100 index closed at 38,443 points after this increase. During the business day, the 100 index remained in a band of 417 points, with a high of 38,553 and a low of 38,135. The…
The State Bank increased the interest rate from 16 percent to 17 percent, which reached the highest level in 27 years. Governor State Bank Jameel Ahmed announced this while holding a press conference in Karachi. He said that the Monetary Policy Committee has decided to increase the interest rate by 100 basis points, after which…
The State Bank of Pakistan increased the interest rate from 16 percent to 17 percent. Governor State Bank announced the new monetary policy while holding a press conference in Karachi, he said that the interest rate has been increased by 1 percent. State Bank Governor Jameel Ahmed said that the foreign exchange reserves have decreased…
Shortly after the start of interbank market business, an increase in the value of the dollar has been seen, while the bearish trend continues in the stock exchange. According to the details, the dollar is being sold at 230.29 rupees after becoming expensive by 63 paise during the business in the interbank market. On the…
File photo Federal Minister for Maritime Affairs Faisal Sabzwari has said that all charges for containers stuck at KPT and Port Qasim have been waived. Faisal Sabzwari said in a press conference that the issue of containers stuck at ports has been considered, thousands of containers of shipping lines are stuck, the business of shipping…
File photo The State Bank of Pakistan has directed the banks regarding the clearance of import documents and said that the banks should clear the documents of the payers by arranging the foreign exchange. State Bank says it has provided banks with a mechanism to clear import documents, asking banks to prioritize imports of food,…
Pakistan can use Chinese Yuan to pay Russia Pakistan is negotiating a deal to buy cheap oil from Russia, with Russia considering payments through friendly China. According to media reports, Pakistan can use Chinese yuan to pay Russia, using Chinese currency instead of dollars will give strength to the yuan. According to the report, the…
