Karachi: The value of the dollar increased further in the interbank market, while the value of the dollar remained stable in the open market. On Monday, the dollar saw a fluctuating value in the interbank market, at the end of the business day, the dollar closed at Rs 269.44 with a limited gain of 16…
Amjad Islam I was introduced to Amjad’s poetry later, before going to his dialogues. ‘Ad Mukhi’ and ‘Savad Aa Gaya Badshahhu’ were two phrases that were popular in the nineties. Whoever you want to get rid of, someone has come to your life due to his bad nature and you want to be saved, someone’s…
Pakistan Stock Exchange (PSX) had a mixed day of business. At the end of the trading day today, the 100 index closed down 24 points at 41,716. 100 index remained in a band of 351 points during the business day. 19.24 lakh shares were traded in the market today, the value of which was more…
The wave of $2 billion monthly worker remittances since June 2020 broke in January 2023. According to the State Bank of Pakistan (SBP), workers’ remittances in January 2023 were $1.89 billion. Saudi Arabia received the lowest remittances since June 2019, 15 percent less worker remittances from Saudi Arabia in January at $40.76 million. The State…
Gold became cheaper on the first business day of the week across the country. According to All Pakistan Gems and Jewelers Association, after a decrease of 800 rupees, the price of one tola of gold has become 1 lakh 97 thousand 600 rupees. The price of 10 grams of gold has decreased by 686 rupees…
The interbank rate of the dollar has closed at 269 rupees 44 paise. In inter-bank exchange, the dollar increased by 16 paise. In the last interbank trading session, the dollar was at Rs 269 28 paise. On the other hand, the price of the dollar in the open market remains at 273 rupees. setTimeout(function(){ !function(f,b,e,v,n,t,s)…
Karachi: The remittances sent by Overseas Pakistanis last month recorded a decrease on both annual and monthly basis. In January 2023, remittances sent by overseas Pakistanis recorded a decrease of 13.14% on annual basis. Overseas Pakistanis sent remittances worth one billion 894.9 million dollars last month. In addition to annual, monthly remittances from overseas Pakistanis…
K Electric, the electricity distribution company in Karachi, has created an investment plan for the transmission and distribution sector from fiscal year 2024 to 2030. This investment project will improve the system for continuous supply of electricity using modern technology for the development of Karachi. The new plan includes targeted and innovative technology investments in…
Work is going on for the recovery of previous arrears from the public. Work is going on to implement the demands of IMF, it has been decided to issue an ordinance to bring the mini budget as soon as possible. According to sources, FBR is working to collect taxes worth Rs.170 billion. Work is going…
File photo The government has prepared to increase gas prices after electricity. According to the sources, there is a possibility of approval of the increase in gas prices in the Economic Coordination Committee (ECC) meeting today. Sources say that the possible increase in gas prices will take place from January 1, 2023. Sources said that…
