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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Stock market recoups some losses after yesterday’s crash

KARACHI: As confusion and uncertainty surrounds potential investors due to several persisting factors, the Pakistan Stock Exchange (PSX) could not recover much on Tuesday after crashing yesterday by 1,222 points or about 3pc, representing the highest single day decline in 14 months. The market could generate only 76.08 points or 0.19pc, and reach 40,485.46 points as of 12.54pm. The benchmark ... Read More »

KSE-100 sheds 1,221 points due to inflation figures

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed blood bath on the first trading session of the week, as the indices moved south all day long with the benchmark KSE-100 Index slipping below the 41,000 mark. Investors’ confidence took a massive hit following the government’s announcement of inflation figures for the month of January 2020. Moreover, the coronavirus outbreak, ... Read More »

Gold rates down Rs450 per tola

KARACHI: Gold rates decreased by Rs450 to Rs91,100 per tola in the local market on Monday. Likewise, the rate of 10 grams of the precious yellow metal saw a drop of Rs385 and traded at Rs78,103. Meanwhile, Gold in the global market fell 1% today, retreating from its highest level in nearly four weeks as China’s steps to protect its ... Read More »

PSX continues bearish trend as 100-index loses 700 points

KARACHI: The Pakistan Stock Exchange (PSX) on Monday crashed as KSE-100 index lost 700 points during the first day of the trading week. The PSX continued its bearish trend of last week and plunged 700 points. The KSE-100 index is currently trading at the level of 40,929 points. According to the economic analysts, the market has witnessed crash due to ... Read More »

Stocks shed 272 points in volatile session

KARACHI: The Pakistan Stock Exchange (PSX) experienced a roller-coaster ride on the last trading session of the week, as the indices failed to sustain gains accumulated earlier in the day and closed in the red zone. The benchmark KSE-100 Index’s one-month return was recorded at 2.20pc, whereas its one-week return clocked in at -2.35pc. Foreign investors offloaded equities worth $1.81 ... Read More »

Pak Rupee records 20 paisa appreciation against US dollar

KARACHI: The Pakistani rupee registered a 20 paisa appreciation in its value against the US dollar in the open market in early trade on Friday. According to foreign currency dealers, the local unit appreciated by 20 paisa to 154.60 against the greenback as compared to yesterday’s closing of 154.80. A day earlier, the rupee had risen by eight paisa to ... Read More »

Stocks close flat amid range-bound trading

KARACHI: Stocks were caught in a whirlwind activity on Thursday, as the indices traded within a narrow range throughout the session before ending flat. Foreign investors continued to offload equities on Wednesday, recording a net outflow of $0.375 million; major selling witnessed in cement sector ($0.623 million). The benchmark KSE-100 Index recorded its intraday low at 41,548.04 after shedding 350.66 ... Read More »

Pak Rupee rises eight paisa against US dollar

KARACHI: The Pakistani rupee rose by eight paisa against the US dollar in the interbank market on Thursday. According to forex dealers, the local unit settled at 154.47 for the day against Wednesday’s closing of 155 against the greenback. Last week, the Pakistani rupee remained stable against the US dollar in the interbank currency market. According to a weekly report, ... Read More »

Gold price sheds Rs450 per tola

KARACHI: The gold prices on Wednesday decreased by Rs450 per tola and traded at Rs 91,050 in the domestic market. Similarly, the price of 10 grams of yellow metal saw a decrease of Rs385 and traded at Rs78,060. Meanwhile, gold edged higher in the global market after falling 1% in the previous session, on elevated concerns over an economic impact ... Read More »

Bearish trend continues as KSE-100 sheds 400 points

KARACHI: After a positive start to the trading session, the Pakistan Stock Exchange (PSX) once again fell under the radar of bears, as the indices failed to recover the losses accumulated in the previous session and closed in the negative zone on Wednesday. Foreign investors offloaded equities worth $3.87 million on Tuesday with major selling witnessed in the cement sector ... Read More »

Pak Rupee unchanged against US dollar in interbank

ISLAMABAD: The exchange rate of Pakistani rupee against US dollar remained stable at Rs 154.56 on Wednesday against the last day’s trading, State Bank of Pakistan (SBP) reported. In the open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs 154.4 and Rs 155 respectively. The SBP further reported that in the interbank, the price ... Read More »

Gold price sheds Rs150, traded at Rs91,400 per tola

KARACHI:  The per tola price of 24 karat gold depreciated by Rs150 on Tuesday and was traded at Rs91,400 as compared to Rs91,550 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed decrease of Rs129 and was traded at Rs78,361 against last closing of Rs78,490. The price of silver remained stable and was ... Read More »

Stock market retreats amid absence of triggers

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday has been retreating over uncertainty after “serious reservations on the proposed New Brokers Regime (NBR)” were raised by PSX Stockbrokers Association (PSA), as stated in a letter to the Securities and Exchange Commission of Pakistan (SECP). The KSE-100 index has remained volatile in the early half of the day amid weak trading ... Read More »

PSX witnesses bearish trend, loses 93 points

KARACHI: Pakistan Stock Exchange (PSX) on Monday witnesses bearish trend as KSE-100 index closed at 42539 points with a negative change of 93 points. A total of 198,479,790 shares were traded, whereas the value of shares traded during the day stood at Rs6.566 billion as compared to Rs 6.726 billion during last trading day. Total 350 companies’ transacted shares in ... Read More »

Stocks fluctuate, gold rises to over 2-week high

KARACHI: The Pakistan Stock Exchange (PSX) on Monday has been reflecting fluctuations – as mostly foreign investors remained wary of the virus outbreak in China and possible spread in many other countries, together with some local investors confidence after Pakistan’s beneficial tour of the World Economic Forum (WEF) last week to bring leading firms’ attention for possible contribution in the ... Read More »

Gold price reaches Rs90,900 per tola

KARACHI: The gold prices on Saturday increased by Rs650 per tola and currently trading at Rs90,900 in the local market. Similarly, the rate of 10 grams of yellow metal also registered an increase of Rs558 and traded at Rs77,932. Meanwhile, gold prices in the global market increased by $13 to $1,572 per ounce. Earlier on January 24, gold rates in ... Read More »

Pak Rupee remains stable against dollar in interbank market

KARACHI: The Pakistani rupee remained stable against the US dollar in the interbank currency market during the outgoing week. According to a weekly report, the local currency settled at 154.56 against the greenback. However, the rupee ended slightly weaker against the dollar in the open market, finishing at 155 against the last week’s closing of 154.80. It is to mention ... Read More »

Pakistan Stock Exchange lost 534 points during weekly trading

KARACHI: The Pakistan Stock Exchange (PSX) witnessed bearish trend as 100-Index lost 534 points during last week trading. The 100-Index was closed at the level of 42,633 points during the trading week which begun on Monday and ended on Friday. According to the weekly report, the market capitalization with the decrease of rs. 125 billion, last week and was recorded ... Read More »

Stocks gain 126 points in volatile session

KARACHI: Pakistan Stock Exchange (PSX) witnessed another volatile trading session on Friday, with the indices shifting sides before settling in the green. The benchmark KSE-100 Index recorded its one week return at -1.23pc. On the economic front, Pakistan’s liquid foreign exchange reserves increased by $147 million to $18,271 million (as on January 17, 2020). The reserves previously stood at $18,124 ... Read More »

Dollar rises four paisa against Pak rupee in inter-bank market

KARACHI: The US dollar saw a four paisa appreciation in its value against the Pakistani rupee in the interbank market at the start of the day’s trading. According to forex dealers, the greenback appreciated by four paisa and is trading at 154.65 against the local currency. A day earlier, the dollar had risen nine paisa to 154.61 from 154.52 against ... Read More »