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FINANCE
World economy to top 100 trillion in 2022 for first time: report
LONDON: The world’s economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed.
British…
SBP receives $3 bn deposit from SA, Shaukat Tarin conforms
Shaukat Tarin Adviser Finance and revenue to PM announced on Saturday that the State Bank of Pakistan (SBP) had received Saudi Arabia's $3 billion deposit and we thanked the kingdom and its crown prince for the "kind gesture".
"Good news,…
Rupee continues to decline, reaches lowest in all time
KARACHI: The falls of the rupee value continued on Friday as the currency reached to a fresh all-time low at Rs176.77 against the US dollar in the inter-bank market on the back of widening trade deficit and historic high imports.
According…
The Pak Stock Exchange saw carnage more than 4.5% amid broad sell-off
KARACHI: The Pakistan Stock Exchange saw carnage on Thursday as a massive sell-off saw more than 2,000 points wiped off the benchmark KSE-100 index a little after the mid-day point of intraday trading.
The index opened at 45,369.14 points…
RISE IN US DOLLAR with 51 PAISA AGAINST PAKISTAN RUPEE
KARACHI: The United States (US) dollar rose by 51 paisas to Rs176.09 against the Pakistani rupee in intra-day trading in the interbank currency market on Thursday.
According to foreign currency dealers, the greenback resumed lower by 3…
Prices of rice go up in Hyderabad
HYDERABAD: After ghee, sugar and flour, the prices of rice have gone up. The prices of rice have gone up by Rs. 10 to 50 per kg.
In Hyderabad and other cities, various types of tricks, spray, superfine sale, banaspati, eri and others have…
Govt decides not to increase fuel prices
ISLAMABAD: Government has decided to not hike price of petroleum products in the country.
As per sources, the prices of petroleum products will remain unchanged.
Earlier just over 10 days ago, the government on late night jacked up the…
Pakistan’s remittances in October rise 10pc to $2.5bn
KARACHI: Pakistan’s remittance continued to rise after about $2.5 billion were deposited in October, showing a Year on Year (YoY) increase of over 10 percent.
State Bank of Pakistan (SBP), in a tweet on Sunday, said that cumulatively, the…
Pakistan’s internal debts increases by Rs10,000 billion in three years, Senate told
ISLAMABAD: The internal debt of Pakistan has been increased by Rs10,000 billion in a time span of three years.
Finance ministry has submitted a report regarding internal and external debt in Senate according to which, the country’s internal…
Elon Musk offloads $5 bn in Tesla shares
NEW YORK : Tesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll -- in which millions voted -- asking whether he should sell 10 percent of his huge stake in the electric carmaker.
The zany…