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Business

PSX Set to Increase Stock Price Circuit Breakers From Next Week

Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday.

This gradual enhancement wi…

Gold Price in Pakistan Falls as International Prices Slip

The price of gold in Pakistan fell by Rs. 1,900 per tola on Tuesday to dip below the Rs. 250,000 per tola level.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) dropped by Rs. 1,900 per tola to Rs. 248,500, …

Rupee Loses Further Ground Against US Dollar 2nd Consecutive Day

The Pakistani rupee (PKR) fell second day in a row against the US Dollar today after opening trade at 278 in the interbank market.

It was bearish all day and closed in red against the greenback. However, it managed to recover against a few major cur…

FBR to Devise Lab Tests of Auctioned Vehicles

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a comprehensive standing operating procedure (SOP) regarding lab tests of the auctioned vehicles by the successful bidders.

In this regard, the FTO has issued inst…

Pakistan’s Mobile Phone Imports Surge By 209% in 10 Months

The country imported mobile phones worth $1.462 billion during the first ten months (July-April) of the current fiscal year 2023-24, registering a growth of 209.07 percent when compared to $473.287 million during the same period of last fiscal year.

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