Photo: File Pakistan Stock Exchange (PSX) traded on a negative trend today after a day’s record high. The PSX benchmark 100 index closed down 341 points at 43,557 in late trade. 100 index remained in the band of 1023 points during the business day. In the share market today, the turnover of 41 crore shares…
Photo: File After Moody’s, another global rating agency, Fitch, also expressed concerns over Pakistan’s economy despite the International Monetary Fund (IMF) agreement. According to the American media, rating agency Fitch has said that Pakistan will need financing in addition to IMF funding for debt repayment and economic recovery. According to Fitch, if the current account…
Governor State Bank Jameel Ahmed. File photo State Bank Governor Jameel Ahmed has said that steps are being taken to reduce inflation. Addressing the ceremony in Karachi, Jameel Ahmed has said that the country’s economy has faced many challenges, Pakistani banking laws are in line with modern requirements. Governor State Bank says that State Bank…
—File photo The impact of the agreement with the International Monetary Fund (IMF) is also starting to affect the value of the US dollar in the interbank market. The dollar became cheaper by 10 rupees 43 paise in interbank. The dollar became 275 rupees 50 paisa after being cheaper by 10 rupees 43 paise in…
File photo Crude oil prices fell in the global market on fears of a decline in global production. Brent and WTI prices have seen declines of more than 1 percent. The price of Brent decreased to 74.65 dollars while the price of West Texas Intermediate was 17.79 dollars per barrel. It should be noted that…
Castor bean: The most expensive cow in the world ‘Viatina-19 FIV Mara Emovis’ is a Brazilian cow. He belongs to the Nellore race. There are hundreds of Nellore cows in Brazil. According to reports, at a recent auction in Arando, Brazil, one-third ownership of such a cow was sold for $1.44 million, bringing its total…
Ankara: The Turkish intelligence agency has claimed to have uncovered the spy ring of the Mossad active in the country, as a result of which 7 suspects have been detained so far. Turkish media reported that Turkey’s National Intelligence Organization (MİT) in cooperation with the Istanbul Police Department’s counter-terrorism unit uncovered a spy ring of…
Islamabad: Acting President Sadiq Sanjrani signed the NAB Amendment Ordinance, after which the National Accountability Bureau will now have the authority to arrest the accused during the investigation. Under the ordinance, the period of physical remand of NAB accused has been increased from 14 days to 30 days, while after the approval of the ordinance,…
Karachi: It has been 23 years since presidential medal winning folk singer Alan Faqir left his fans. According to Express News, the style in which Alan Faqir, dressed in the traditional dress of Sindh, presented Sufi poetry through his unique singing is a clear proof of his love for Sufi poetry. His singing was already…
Photo: File According to the State Bank of Pakistan (SBP), foreign exchange reserves in the country have increased by 477 million dollars. According to the Central Bank, in the week ending on June 23, domestic foreign exchange reserves were 9 billion 34 million dollars till June 23. Reserves of State Bank increased by 533 million…
