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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

Pak Rupee ends flat in range bound trading

KARACHI: The Pak Rupee ended flat against dollar on Thursday owing to a range bound trading activity, forex dealers said. The rupee ended 154.38 to the dollar from previous day’s closing of Rs154.37 in interbank foreign exchange market. The dealers said that the market witnessed lackluster demand for dollars from importers and corporate buyers. Further, the inflows of export receipts ... Read More »

Virus, uncertainty continues to stymie stock rally

KARACHI: Not much progression could be seen at the stock market on Thursday as potential investors continue to react to the impact of the coronavirus outbreak hurting imports, however, the benchmark KSE-100 Share Index recovered some 126.54 points or 0.31pc as of 11.04am. The Index reached 40,657.67. In the early trading hours, the Index lost 98 points. The apex of ... Read More »

PSX witnesses bullish trend as 100 index gains 816 points

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday witnessed a bullish run as the index gained 816 points at the end of the day after remaining on a losing streak until the first day day of this week. The PSE-100 index crossed the 40,000 mark and ended the day with 40631 points. A major sum of Rs 120 billion entered the ... Read More »

Pak Rupee gains five paisas against US dollar

KARACHI: The Pak Rupee gained five paisas against dollar on Wednesday owing to inflows of export receipts and workers’ remittances, dealers said. The rupee ended Rs154.37 to the dollar from previous day’s close of Rs154.42 in interbank foreign exchange market. The currency dealers said that the market witnessed inflows of exports and workers’ remittances during the day. On the other ... Read More »

Pakistan Stock Exchange gains 455 points

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday gained 455 points in the first half of the trading. The KSE-100 index is currently trading at 40,169 points. The index had closed at the level of 39,714.46 points on Tuesday. The stock market (PSX) in the previous week followed a similar trend and lost massive 1,487 points or 3.6pc, representing the ... Read More »

PSX up by 417.76 points to close at 39,714.46 points

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday witnessed bullish trend as KSE-100 index closed at 39,714.46 points as compared to 39,296.07 points on the last working day with the positive change of 417.76 points (1.05%). As confusion and uncertainty surrounds potential investors due to several persisting factors, the stock market in the previous week followed similar trend and lost massive ... Read More »

Pak Rupee gains 2 paisas against US dollar in interbank

ISLAMABAD: The exchange rate of Pakistani rupee against US dollar increased by 02 paisas to close at Rs 154.41 on Tuesday against the last day’s trading of Rs 154.43, State Bank of Pakistan (SBP) reported. In the open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs 154 and Rs 154.7 respectively. The SBP further ... Read More »

Bulls in PSX as 100-index gains 317 points

KARACHI: Finally respite for the investors of the Pakistan Stock Exchange (PSX) as the 100-index gained 317 points on Tuesday. The bulls took over the market after continued bearish trend, the index gained 317 points in the first half of the trading. The 100-index presently trading at 39,614 points. The index  had closed at the level of 39,297 points on ... Read More »

Pak Rupee falls by two paisas against US dollar

KARACHI: The Pak Rupee fell by two paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended Rs154.43 to the dollar from last Friday’s closing of Rs154.41 in interbank foreign exchange market. The dealers said that the rupee was depreciated due to higher demand from importers and corporate buyers. They said ... Read More »

PSX continues to bleed, sheds 846.93 points

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Monday, as indices continued to bleed all day long. Depreciating by 846.93 points, the benchmark KSE 100 index recorded its intraday low of 39,296.70, with the index reaching its two-month low. The Index opened at 40,150.34, whereas it closed at 40,143.63 on Friday. The stock market in ... Read More »

Downward trend continues to haunt PSX, sheds 466 points

KARACHI: The Pakistan Stock Exchange (PSX) continued to show downward trend as the bench market KSE 100-index lost 466 points on the first day of trading week. According to media, the bearish trend continued to prevail in the PSX, when the bells rang to kick off the trading day. The KSE 100-index dropped down by 466 points and currently being ... Read More »

Gold appreciates in local markets by Rs200 per tola

KARACHI: Gold rates, extending recorded an upward surge in price, increasing by Rs200 to Rs90,400 per tola in the local market on Saturday. Similarly, the price of 10 grams of gold appreciated by Rs172 to Rs77,503. On the other hand, gold prices were steady in the global market observed gains as equities lost ground, with the coronavirus that originated in ... Read More »

Pakistan stocks take a battering as IMF shadow looms large over revenue shortfall

KARACHI: Pakistani stocks took a battering on Friday as fears of harsh measures to curtail a revenue shortfall and a possible reduction in subsidies extended to the power sector loomed large on investors’ minds. With the International Monetary Fund (IMF) turning up the heat on Islamabad to arrest slippages and close an expanding shortfall, the Pakistan Stock Exchange’s (PSX) benchmark ... Read More »

Pak Rupee rises nine paisa against US dollar

KARACHI: The Pakistani rupee gained nine paisa against the US dollar in the inter-bank market on Friday. According to forex dealers, the local unit settled at 154.40 for the day against yesterday’s closing of 154.49 against the greenback. Meanwhile, the Paksitani rupee remained stable in the open market and finished at 154.60 versus the US dollar. The State Bank of ... Read More »

Gold rates fall Rs400 per tola

KARACHI: Gold rates, extending a downward trend, further decreased by Rs400 to Rs90,200 per tola in the local market on Friday. According to details, per tola price of precious yellow metal settled at Rs90,200 for the day after the drop. Similarly, the price of 10 grams gold fell by Rs342 to Rs77,331. On the other hand, gold prices were steady ... Read More »

Bears keep control as index sheds 580 points

KARACHI: The Pakistan Stock Exchange (PSX) was once again hijacked by bears, as the indices that opened on a positive note soon took a dip and headed south thereon to close in the red. The one-week return of the benchmark KSE-100 Index was recorded at -3.57pc. Foreign investors closed the preceding session (on Thursday) as net sellers with a net ... Read More »

Pak Rupee weakens 8 paisas against US dollar in interbank

ISLAMABAD: The exchange rate of Pakistani rupee against US dollar decreased by 08 paisas to close at Rs154.49 on Thursday against the last day’s trading of Rs154.41, State Bank of Pakistan (SBP) reported. In the open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs154.1 and Rs154.6 respectively. The SBP further reported that in the ... Read More »

Gold remains unchanged at Rs90,700 per tola

ISLAMABAD: The per tola price of 24 karat gold remained same on Thursday and was traded at Rs90,700 as compared to Rs90,700 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold also remained unchanged at Rs77,761 against last closing of Rs77,761. The price of silver remained stable and was traded at Rs1000 and that ... Read More »

PSX KSE-100 index sheds 159 points

KARACHI: The Pakistan Stock Exchange failed to sustain bullish trend on Thursday as KSE-100 Index closed on negative note despite upward trajectory during initial time interval. Trading resumed after a day break as the nation observed Wednesday as Kashmir Day. Foreign investors continued to offload equities for seventh consecutive session on Tuesday last. A net outflow of $3.93 million was ... Read More »

Brokers’ community proposes revision in ‘new broker regime’

KARACHI: The Stock Market Reforms Committee, set up by the Securities and Exchange Commission of Pakistan (SECP) to prepare ‘New Brokers Regime’ (NBR), said that SECP did not fully implement its recommendations and some of the quantitative and qualitative criteria have been diluted to accommodate some practical concerns of the market participants, said a Committee’s statement here on Tuesday. It ... Read More »