Photo: File Pakistan Stock Exchange (PSX) had a negative trading day today where the 100 index lost 95 points. The PSX benchmark 100 index closed at 41,990 points in late trade after the decline. During the business day, the Hundred Index remained in the band of 196 points. 9 crore shares were traded in the…
Karachi: The dollar continued to fly in both the foreign exchange markets on Tuesday, due to which the interbank rate of the dollar exceeded 287 rupees and the open rate also rose to the highest level of 308 rupees. In the beginning of the trading period in the interbank market, the dollar had decreased by…
The price of gold per tola has decreased by Rs 100 in the country today. According to All Pakistan Gems and Jewelers Association, after this decrease, the price of gold per tola in the country is 2 lakh 37 thousand 200 rupees. Similarly, the price of 10 grams of gold has decreased by Rs. 85…
File photo Prime Minister Shahbaz Sharif has been briefed by the economic team on the budget preparations for the financial year 2023-24. Prime Minister Shehbaz Sharif chaired a meeting regarding the preparation of the budget for the financial year 2023-24, in which he was also briefed on the revised revenue and revenue and targeted estimates…
File photo The proposals related to the budget of the new fiscal year 2023-24 were reviewed in the meeting of the Senate Standing Committee on Finance. In a meeting presided over by Chairman Salim Mandviwala, the Pakistan Business Council opposed the retention of super tax on income. Pakistan Business Council says that new taxpayers should…
The primary budget is projected to be marginally positive, subject to approval by the federal cabinet for a proposed salary hike. Photo: File Islamabad: Federal Finance Minister Ishaq Dar wants to present the budget in the National Assembly on June 9, while the size of the budget is 14,600 billion, while the budget deficit may…
The flight of the US dollar continues today, which has appreciated today in both the interbank and open markets. The dollar became 44 paisa to 287 rupees in interbank. The dollar closed at 286 rupees 56 paisa at the close of business yesterday. In the open market, the dollar became 306 rupees after becoming expensive…
Islamabad: In the first 10 months of the current financial year, car imports recorded a decline of 78 percent on annual basis. According to the data, $57 million worth of foreign exchange was spent on imports of cars (completely manufactured units) during the period from July to April, which is 78 percent less than the…
File photo Experts say that there is a possibility of improvement in the Pakistani rupee after the IMF agreement. In this regard, experts have said that the Sri Lankan currency improved after the IMF agreement. One dollar is 83 Indian Rupees in India and 107 Taka in Bangladesh. One dollar in Afghanistan is 87 Afghanis…
—File photo President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain says that it will be very difficult to run the country without the IMF program. While talking to the media, he said that without the IMF, repayment of loans will be a difficult task. Mian Zahid Hussain said that current account surplus is welcome…
