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Business

Govt Aiming to Boost IT Exports to $25 Billion: IT Minister

Minister of State for IT and Telecommunication Shaza Fatima said that the government is aiming to take IT exports to $25 billion.

‘Technology has a very important role in every field as no section can progress without technology’, said the minister …

Gold Price in Pakistan Declines Once Again

The price of gold in Pakistan fell by another Rs. 1,200 per tola on Tuesday to settle at Rs. 241,100 per tola.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 1,200 per tola to Rs. 241,100, while…

MSCI Likely to Add At Least 3 More PSX Companies to Its Indices

MSCI is scheduled to release its results of the May 2024 Semi-Annual Index Review today (ie. May 14, 2024).

The announcement is expected to be made available shortly after 2 AM Pakistan Standard Time (PST) on May 15, 2024.

All changes will be imple…

Brief Respite: PKR Stable Against US Dollar, AED, Saudi Riyal

The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market.

It was largely stable and closed in green against the greenback. However, it managed to post some gains against other major currenci…

Govt Slashes Profit Rates on National Savings Schemes

The government has decreased the rates of profit on national savings certificates and schemes by up to 24 bps.

The profit rates have been decreased on Bahbood Savings Certificates (BSC), Defence Savings Certificates (DSC), Pensioner Benefit Account …

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