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Selling persists in PSX as bears take hold of market
KARACHI :The Pakistan Stock Exchange (PSX) witnessed persisted selling on Thursday, with the benchmark KSE-100 Index hovering at 111,432.59 after losing 1,000 points during the opening hours of trading in the market.
Bears took hold of…
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Ebb and flow continues in PSX as investors prioritise selling
KARACHI :A day after witnessing the highest steep fall of the year, the Pakistan Stock Exchange (PSX) on Friday saw hide and seek between bulls and bears, with the benchmark KSE-100 index hovering at 107,463 points initially after gaining…
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Textile exports rise by 10.51% to $7.607 bln in 5 months
ISLAMABAD:Textile exports witnessed an increase of 10.51 percent during the first five months of the current financial year (2024-25) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
The…
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EXCHANGE RATES FOR CURRENCY NOTES
KARACHI:CURRENCY SELLING BUYING
USD 281.08 275.42
GBP 356.95 349.70…
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SBP cuts policy rate by 200bps to 13pc
KARACHI : The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday slashed the policy rates by 200 basis points (bps) to 13pc.
SBP Governor Jameel Ahmad announced the policy decision after the MPC meeting.…
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KSE-100 index hovers above 116,000 points amid hopes of rate cut
KARACHI :The Pakistan Stock Exchange (PSX) started another record-setting week on Monday as the benchmark KSE-100 Index gained nearly 1,700 points during the opening hours of trading, hovering at 116,015 points.
Buying was all the rage…
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Another policy rate cut likely as MPC meets today
KARACHI : There is all likelihood of another interest rate cut when the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet today (Monday).
Analysts expect that the central bank will slash rates by 200 basis…
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Foreign exchange rates
KARACHI,:The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday.
Pakistan's cuisine
CONVERSION RATES FOR DECEMBER 12, 2024 FOR FOREIGN CURRENCY…
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ADB approves $200m loan for upgrading electricity transmission system
ISLAMABAD : The Asian Development Bank (ADB) has approved a loan of $200 million for improving Pakistan's electricity transmission system.
According to a bank's statement, the money will be used to modernise the distribution system and…
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Shipping Activity at Port Qasim
KARACHI:Five ships, Maersk Seleter, Diamond, Solar Roma, SM Navigator and Spar Octans scheduled to load/offload Container, Rice, Palm oil, Gas oil and Coal,berthed at Qasim International Container Terminal, Grain Terminal, Liquid Cargo…
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