Category: Business
US Dollar Rate Experiences Decrease Against PKR
The trend of the Pakistani rupee against the US dollar remained consistent in the interbank foreign exchange currency market on Tuesday. There was a 42 paise drop in the interbank value of the US dollar, bringing the new rate to Rs282.10 against the rupee. Internationally, on Tuesday, the dollar sought stability in thin holiday trade….
Pakistani Rupee Strengthens Against US Dollar in Interbank Market
Rupee Posts Marginal Gains Against Dollar in Interbank Trading On Thursday, insiders reported marginal gains in the value of the Pakistani rupee against the US dollar in the interbank market. In the early morning trade, the local currency was observed at Rs282.50, marking a 40-paisa increase. The greenback concluded at Rs282.90 after depreciating by 11…
Current Gold Prices in Pakistan – December 20, 2023
The current trading value for 24-karat gold stands at PKR 217,200 on Wednesday, December 20, 2023. Likewise, the market recorded the cost of 24-karat gold at Rs 186,220 per 10 grams according to the bullion market. Gold Prices Across Various Cities in Pakistan. City Gold Silver Karachi PKR 217,200 PKR 2,450 Lahore PKR 217,200 PKR…
Rupee Sustains Upward Momentum Against Dollar
The Pakistani Rupee continued its upward trend against the US Dollar, gaining 16 paisas in value in the interbank market on Tuesday morning. At the opening of trade on Tuesday, the Dollar stood at Rs283.5 in the interbank market. On the preceding day, the US Dollar registered its fifth consecutive decline, concluding the trade at…
Transportation Costs Set to Decrease by 10% in Punjab
The interim administration emphasizes that the benefits of the reduced fuel prices must be passed on to the public. In line with this directive, the Punjab Transport Department has opted to cut fares by 10%, with Lahore Deputy Commissioner Rafia Haider and the Regional Transport Authority Secretary personally overseeing the implementation at various bus stands….
Pakistan Stock Exchange (PSX) Initiates Week on a Positive Note.
The PSX 100-Index saw an increase of 200 points, pushing the benchmark to 66335. Commencing the week on a positive note, the Pakistan Stock Exchange exhibited a favorable start. During the initial business day, the PSX 100-Index recorded a gain of 200 points, reaching a benchmark of 66335 points. Conversely, in interbank trading, the dollar…
Current Gold Prices in Pakistan – December 18, 2023
Gold prices in Pakistan are subject to constant changes, with fluctuations occurring several times throughout the day. As of Monday, December 18, 2023, the 24-karat gold rate stands at PKR 218,900.Likewise, the bullion market reports a price of Rs 186,300 per 10 grams for 24-karat gold. Below are the gold prices in various cities across…
Govt. Announces 14Rs Reduction in Petrol Price
The revised cost of petrol stands at Rs267.34/ltr starting December 16. On Friday, the interim government implemented a substantial reduction in the petrol price, slashing it by Rs14 per litre, while the cost of high-speed diesel witnessed a decrease of Rs13.5, now priced at Rs276.21/litre. This adjustment was communicated through an official notification from the…
Stocks rally to bounce back above 66K threshold
The Pakistan Stock Exchange (PSX) witnessed a resurgence of bullish activity on Friday morning, marking the culmination of a week characterized by fluctuations. As the week drew to a close, the benchmark index displayed a gain of 599.06 points at 11 am, reaching 66,049.24 — reflecting a 0.92 percent increase from the previous close of…
Petrol rates expected to fall amid decrease in international market
Anticipated adjustments in the petroleum product rates are foreseen during the upcoming bi-weekly review on Friday, spurred by a downturn in global oil prices. The pricing of crude oil in the international market experienced a drop, shifting from $79 per barrel to $73 per barrel in the past few weeks. A projected reduction of Rs10…