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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

A weekly review: KSE-100 gains 636 points; Rupee trades flat against dollar

KARACHI : The Pakistan Stock Exchange (PSX) witnessed an upward trend in the outgoing week with the benchmark KSE-100 index gaining 636 points and settling at 32,070 points, Dunya News reported on Saturday. With a significant average trading volume before closing on Friday, PSX shares rose by Rs80 billion. According to analysts, financial firms made such investments in stocks due ... Read More »

Pak Rupee sheds 01 paisa in interbank, closes at Rs156.17

ISLAMABAD: The exchange rate of rupee against US Dollar decreased by 01 paisa in interbank and was traded at Rs 156.17 compared to last closing of Rs 156.18, State Bank of Pakistan (SBP) Friday reported. However according to Forex Association of Pakistan the buying and selling rates of dollar in open market were recorded at Rs 155.80 and Rs 156.30. ... Read More »

Gold price sheds Rs400, traded at Rs87, 400 per tola

ISLAMABAD: The price of 24 karat gold shed Rs 400 and was traded at Rs 87,400 per tola as compared to the last closing at Rs 87,800, Karachi Sarafa Association reported on Friday. The price of 10 gram gold also witnessed decrease of Rs 343 and was traded at Rs 74,931 against Rs 75, 274 the last day. The price ... Read More »

Bulls dominate as KSE-100 stages 636-point rally

KARACHI: Bulls managed to take control of the Pakistan Stock Exchange (PSX) after a slow start to the session on Friday. The indices started the day in the red zone but soon changed their course, helping the index cross the 32,000 mark. Foreign investors offloaded equity worth $2.76 million on Thursday. According to data released by the State Bank of ... Read More »

Gold import increases 24.28pc in two months

ISLAMABAD: The import of gold into the country increased by 24.28pc during the first two months of the current fiscal year (FY20) as compared to the corresponding period of last year. Pakistan imported gold worth $3.296 million during July-August 2019-20, as compared to the imports of $2.652 million during July-August 2018-19, according to data released by the Pakistan Bureau of ... Read More »

Gold prices fall by Rs700 per tola

KARACHI: Gold prices on Thursday fell by Rs700 to Rs87800 per tola in the local market, according to media. According to the details, the per tola price of gold reached at 87,800 after witnessing a decrease of Rs700 while the price of 10 grams of gold also declined by Rs599 and currently trading at Rs75273. Global gold rates, however, saw ... Read More »

KSE-100 extends bearish run, sheds 131 points

KARACHI: Downward trend continued at the Pakistan Stock Exchange (PSX) on Thursday, as lower risk appetite kept a tight lid on northbound moves. Foreign investors offloaded stocks worth $2.60 million on Wednesday. As per news reports, the government has approved a proposal for acquiring a $1 billion crisis response loan from the Asian Development Bank to build country’s foreign exchange ... Read More »

Gold rises Rs500 per tola

KARACHI: Gold rates increased by Rs500 to Rs88,500 per tola in the local market on Wednesday, according to media. The rate of 10 grams of the precious yellow metal rose by Rs430 to Rs75,874. Gold held near a three-week peak today in the global market as an impeachment inquiry into US President Donald Trump raised political uncertainty in the world’s ... Read More »

PSX again closes negative after losing 264.03 points

KARACHI: Pakistan Stock Exchange (PSX) witnessed a negative trend on Wednesday as the benchmark KSE-100 index lost 264.03 points and slipped to 31,565.21 points. The recent simmering tensions between nuclear-armed Pakistan and India over Kashmir dispute had pushed investors to adopt cautious behaviour in the trading. Moreover, since the passage of the financial budget for the fiscal year 2019-20, the ... Read More »

Pak Rupee trades flat against dollar in interbank, open markets

KARACHI: The Pakistani rupee remained stable against the US dollar on Wednesday and traded at Rs156.16 and Rs156.25 in the interbank and open markets, respectively till the last report came in. On Monday, the local currency gained 24 paisa against the greenback and closed at Rs156.52. On Friday, the rupee appreciated by 66 paisa against the dollar and closed at ... Read More »

PSX gains 78 points during narrow band trade

KARACHI: The stock market gained 78 points on Tuesday as benchmark index was remained traded in a narrow band. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,829 points as against 31,751 points showing an increase of 78 points. Analysts at Arif Habib said that the KSE-100 index continued trading in a narrow band with limited upside. ... Read More »

Pak Rupee gains one paisa against dollar

KARACHI: The Pak Rupee gained one paisa against dollar on Tuesday amid demand for import and corporate payments. The rupee ended Rs156.16 to the dollar from previous day’s closing of Rs156.17 in interbank foreign exchange market. Currency dealers said that the supply of remittances and export receipts helped the rupee to gain earlier in the day. However, the local unit ... Read More »

KSE-100 index of PSX ends down by 360 points owing to negative sentiments

KARACHI: The stock market ended down by 360 points on Monday owing to negative sentiments in oil and gas sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,751 points as against 32,111 points showing a decline of 360 points. Analysts at Arif Habib Limited said that the start of the rollover week saw Market taking negative ... Read More »

Dollar at interbank up by 8 paisa

KARACHI: The Pakistani rupee continued to depreciate against the US dollar in the interbank market and hit Rs156.18 after losing 8 paisa on Monday. In the open market, the greenback remained unchanged at Rs156.30. It is pertinent to mention here that in September, 2018, the greenback traded at Rs134 and later in November, it weighed around Rs142. At the end ... Read More »

Pak Rupee weakens by 21 paisa against US dollar in interbank market

KARACHI: The Pakistani rupee continued to depreciate against the US dollar in the interbank market and hit Rs156.28 after losing 21 paisa at the early trade hours on Monday. It is pertinent to mention here that in September, 2018, the greenback traded at Rs134 and later in November, it weighed around Rs142. At the end of previous year, the local ... Read More »

Gold prices rise in open market

KARACHI: Gold prices observe a sizeable boost with an increase of Rs 600 per tola of gold, the current price of a tola stands at, Rs 87500 in the open market, according to media. After observing a few days of price dips, gold prices observed a surge today making up for the downfall. 10 grams of Gold currently stands at ... Read More »

Weekly Review: PSX to keep positive momentum

KARACHI: The stock market likely to keep positive momentum next week on the back of improving macro-economic situation. Analysts at Arif Habib Limited said that reduction in Pakistan Investment Bond (PIB) yields have once again made equities an attractive asset class and with valuations at dirt cheap levels, it is expected the inflection in sentiment to continue. The rejuvenation of ... Read More »

KSE-100 loses 73 points in volatile session

KARACHI: Bearish momentum once again prevailed at the Pakistan Stock Exchange on Friday as the KSE-100 index slipped 73 points in a highly volatile session. Range bound trading was witnessed throughout the day. The index spiked as soon as trading began but volatility emerged immediately as the index oscillated between red and green zones. Nevertheless, the first session ended with ... Read More »

Pak Rupee registers fresh gains against US dollar

KARACHI: Pakistani Rupee continues to make fresh gains against US dollar in interbank and open market on Friday. The Interbank dollar became cheaper by 15 paisa, after which the new value of the US currency closed at Rs156.08. Likewise, in the open market, the value of the dollar fell, the greenback fell 10 paisa and was closed at Rs156.30. From ... Read More »

Gold falls by Rs100 per tola

KARACHI: Gold prices decreased by Rs100 to Rs87,150 per tola in the local market on Thursday, according to media. The rate of 10 grams of the yellow metal was down by Rs86 to Rs74,717. Gold rose back above $1,500 a ounce on Thursday in the global market as the focus returned to global growth risks and Middle East tensions, helping ... Read More »