Category: Business
Analysts Predict Sustained Low Crude Oil Prices in Early 2024
Anticipated Continued Dip in Crude Oil Prices for Early 2024, Citing Lower Demand and Increased Production According to energy experts cited by Money Control, the trajectory for crude oil prices in early 2024 is expected to remain low due to a combination of reduced demand and elevated oil output. Saumil Gandhi, a senior analyst of…
Currency exchange rates in Pakistan today – January 2, 2024
KARACHI – The exchange rate for one US Dollar against Pakistani Rupees was recorded at Rs 281.4 in the local and open market, with a selling rate of Rs 283.9 on Tuesday, January 2, 2024. Note: Exchange rates can vary based on the location and the Exchange Company or bank involved in the transaction. Below are…
Ogra Announces Hike in LPG Prices
On Monday, a notification from the Petroleum and Gas Regulatory Authority (PGRA) revealed an upward adjustment in the prices of compressed natural gas (CNG). The cost of the 11.8kg household cylinder has experienced a rise of Rs18.52, resulting in a revised total of Rs3,025.87. Additionally, PGRA established the rate for CNG at Rs256.42 per kg….
Challenges Persist for Pakistan’s Auto Industry in 2023
The year 2023 saw a continued struggle for Pakistan’s auto industry, witnessing a 55% decline in vehicle sales and a substantial 70% reduction in the production of manufacturing parts. This downturn in sales has not only affected the auto industry but has also led to a notable decrease in revenue for the national exchequer. HM…
Current Gold Prices in Pakistan on December 29, 2023
The gold rate of 24-karat is being traded at PKR 219,300 on Friday, December 29, 2023. Similarly, the gold price for 24-karat was recorded at Rs 188,020 per 10g as per the bullion market. Gold Price in Pakistan’s different cities. City Gold Silver Karachi PKR 219,300 PKR 2,450 Lahore PKR 219,300 PKR 2,450 Islamabad PKR…
Updated Gold Prices in Pakistan on December 28
Gold Prices Surge: 24-Karat Hits Rs220,600 per Tola on December 28 On December 28, the price of 24-karat gold experienced a notable increase, rising by Rs1,000 to reach Rs220,600 per tola for selling, as reported by the All Sindh Sarafa Jewellers Association. This marks a significant uptick compared to the previous price of Rs219,600 per…
Pakistan Stock Exchange initiates intraday trading on a positive note
The Pakistan Stock Exchange (PSX) witnessed a positive trend in intraday trading, with the benchmark KSE-100 index gaining 832.14 points or appreciating by 1.37%. At 10:12 am, the index reached over 61,695.76. This positive momentum follows the previous day’s performance, where the PSX closed in the green zone after a volatile session. The benchmark KSE-100…
Pakistani Rupee maintains its upward momentum against USD
The depreciation trend of the US Dollar against the Pakistani Rupee persisted, with a further decrease of 17 paisas recorded in the interbank market on Wednesday. At the commencement of trading on Wednesday morning, the formidable American currency started at Rs282.20, marking a decline of an additional 17 paisas in the interbank market. Simultaneously, in…
Anticipated Petrol Price in Pakistan Effective January 1, 2024
The petrol price is anticipated to decrease at the beginning of January 2024, influenced by the shift in international oil prices observed since the last bi-weekly assessment. Informed sources suggest that the price of petrol is expected to decrease by approximately Rs1.72 per litre for the first half of the upcoming month, marking the third…
Significant Decline Witnessed in Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) has undergone a notable decline, with points falling below the 60,200 mark in the early hours of intra-day trading on Tuesday. At 10:40 am, the benchmark KSE-100 index witnessed a negative trend, losing 1460.86 points. The market is currently trading at 60,244.23 points with a percent change of -2.37%. Market…