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…
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….
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…
Norway’s Telenor (TEL.OL) announced on Thursday that it had reached an agreement to divest its Pakistani unit to state entity Pakistan Telecommunications (PTCA.PSX) in a deal that values the unit at 5.3 billion Norwegian crowns ($490 million). The Norwegian conglomerate has been restructuring its Asian operations, consolidating larger entities in Thailand and Malaysia through local…
