KARCHI : — The Pakistan Stock Exchange lost Rs1.2 trillion in the second month of 2023, bringing the total finance of the PSX to Rs62.7 trillion, up from 63.9 trillion before. In February 2023, the dollar lost Rs six when compared to the rupee, causing the interbank dollar rate toContinue Reading
HONG KONG (Reuters) – As a result of U.S. inflation figures and comments from central bank officials, investors are concerned that interest rates will be higher for a longer period of time. On Wednesday, Asian markets declined while the U.S. dollar remained steady. Headline January’s U.S. CPI came in atContinue Reading
ISLAMABAD : Monday’s price of 24 karat per tola gold was Rs 3,300 more than the previous day’s price of Rs183,900. All Sindh Sarafa Jewellers Association said that 10 gramme 24 karat rose by Rs2829 to Rs160,494 from Rs157,665, while 10 gramme 22 carat rose to Rs147,119 from Rs144,526. PerContinue Reading
ISTANBUL (REUTERS) – The lira of Turkey, which has lost about 30% of its value versus the dollar this year, hit a record low of 18.75 on Monday, moving lower following a period in which Ankara adhered to policies that strictly controlled the currency rate. The lira was 0.35% lowerContinue Reading
MOSCOW (REUTERS) – On Monday, the Russian rouble moved up against the dollar, gaining some ground after seeing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas might affect Russia’s export earnings. Following the implementation of an oil embargo and price cap,Continue Reading
Tokyo ( Rueter) Japan’s economy, the third-largest in the world, shrank less than initially predicted in the third quarter, supporting the idea that it is slowly emerging from COVID-19 gloom even as major export markets continue to weaken. Separate data revealed that the economy had experienced its first current accountContinue Reading
According to a television broadcaster, SpaceX is aiming to raise $1.7 billion in new investment, a significant undertaking as its controversial founder Elon Musk continues to create headlines. CNBC claimed that the space travel pioneer would be paying $70 per share, up from $56 per share after a stock splitContinue Reading
The Pakistani rupee (PKR) has shed 1.61 rupees in early trade after enduring a hard patch amid worsening macroeconomic indicators. The ongoing rise in the value of the dollar against the Pakistani rupee has exacerbated the economic situation. Since the introduction of the new government, the interbank rate has increasedContinue Reading
Despite a tepid beginning from Wall Street, Asian equities climbed Tuesday as dismal Chinese economy data revealed the deep cutbacks of Beijing’s zero-Covid policy, adding to inflation concerns. To combat an Omicron-fueled tsunami, China has maintained its stringent zero-Covid policy, ordering lockdowns in numerous cities and closing factories and ports.Continue Reading
ISLAMABAD: The federal government has issued a notification about petroleum product pricing after the finance minister declared that the rates will be maintained. According to the finance ministry’s statement, the petrol price would remain at Rs149.86 per litre, Rs144.15 for high-speed diesel (HSD), Rs125.56 for kerosene oil, and Rs118.31 forContinue Reading
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