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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

Pakistan Stock Exchange plunges despite IMF loan approval

KARACHI: The share market ended down on Thursday despite positive outcome of loan approval by IMF for Pakistan. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,570 points as against 34,897 points showing a decline of 326 points. Analysts at Arif Habib Limited said that ‘buy the rumor, sell the news’ proved true again today, when yesterday’s ... Read More »

Hubco raises Rs7b through right shares

KARACHI: The largest independent power producer of Pakistan, Hub Power Company Limited (HUBCO) has issued right shares and raised an amount of Rs7 billion from Pakistan Stock Exchange (PSX), a statement said on Thursday. The Right Share is priced at Rs50 per share and the company has issued 140 million shares, as decided by the Board of Directors of Hubco. ... Read More »

PSX gains 589 points on successful IMF deal expectations

KARACHI: The stock market gained 589 points on Wednesday on positive expectations of IMF deal conclusion. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,897 points as against 34,307 points showing an increase of 589 points. Analysts at Arif Habib Limited said that KSE-100 index increased again by around 631 points during the session that was contributed ... Read More »

Pak Rupee recovers Rs6 in two days

KARACHI: Pakistani rupee maintained its uptrend in the new fiscal year 2019-20 as well following an increase in the supply of dollars in the economy. The currency improved Rs2 and closed at Rs158.06 to the US dollar in the inter-bank market on Tuesday compared to Rs160.05 on Friday. Cumulatively, the rupee has strengthened Rs6 against the greenback in the past ... Read More »

Dollar drops to Rs157.75 in interbank market

KARACHI: The US dollar dropped further in the interbank and open markets on Tuesday, with the Pakistani currency recovering from historic lows since the central bank intervened last week. On Tuesday, the US dollar dipped by Rs2.30 in the interbank to be traded at Rs157.75. Similarly, it dropped Rs2 to fall to Rs159 in the open market. Last week, the ... Read More »

Pak Rupee recovers to 158 in intra-bank market

KARACHI: Pakistani rupee maintained uptrend on the first working day of the new fiscal year 2019-20 on Tuesday following an increase in the supply of dollars in the economy. The currency improved Rs2 to Rs158 to the US dollar in intra-day trade in the inter-bank market. Cumulatively, the rupee has strengthened Rs6 against the greenback in the two days. The ... Read More »

Gold falls 2pc

LONDON: Gold slid as much as 2 per cent on Monday as the dollar rallied and investors flocked to riskier assets after the resumption of trade talks between the United States and China. Spot gold fell 1.1 pc to $1,393.59 per ounce at 10:54 am EDT (1458 GMT), after falling to its lowest since June 20 at $1,381.51. US gold ... Read More »

Pakistan Stock Exchange ends in green amid range-bound trading

KARACHI: The Pakistan Stock Exchange witnessed a slow start to the trading week, as the indices remained range-bound while volumes remained thin. Foreign investors, much to everyone’s surprise, closed the preceding week (from June 24 to June 28) as net buyers with a net outflow of $7.94 million. According to news reports, over 92,000 people benefited from the tax amnesty ... Read More »

US dollar slides by Rs3.5 in Interbank market

KARACHI: Following an intense upward trajectory, the US dollar finally took a dip as it slid by Rs3.5 in the Interbank market on Friday. During trading hours, US Dollar fell to Rs161 from Rs164.05 as recorded a day earlier. The upward trajectory of dollar came after the rupee continued to depreciate against it following an agreement with the International Monetary ... Read More »

Pakistan Stock Exchange stays bearish, loses 314 points

KARACHI:The KSE 100-index of Pakistan Stock Exchange (PSX) witnessed a bearish trend on Thursday as it lost 314.14 points (0.93%) to close at 33774.42 points. A total of 111,731,650 shares were traded, whereas the value of shares traded during the day stood at Rs 4.215 billion. Out of 307 companies, share prices of 129 companies recorded increase while that of ... Read More »

US dollar continues to rise, reaches Rs164.50 in interbank market

KARACHI: The US dollar continued to soar against the Pakistani rupee, reaching a new all-time high in the interbank market on Thursday. The US dollar rose by Rs2.34 in the interbank market to reach Rs164.50. In the open market, the US dollar rose by Rs0.50 to Rs163.50. On Wednesday, the Pakistani rupee continued to weaken against the US dollar, reaching ... Read More »

Bearish spell continues at PSX as index sheds 102 points

KARACHI: Bearish spell extended at the Pakistan Stock Exchange (PSX) for one more session on Wednesday, as the indices dripped all day long amid increased market participation. On the economic front, the Pakistani Rupee deteriorated to an all-time low of Rs161.94 against the US Dollar in the interbank market. According to market analysts, the rupee came under pressure due to ... Read More »

US dollar reaches Rs162 in interbank market

KARACHI: US dollar reached Rs162.47 in the interbank market on Wednesday. The US dollar rose by Rs5.2 as trading continued for the day. The rupee has been falling against the dollar following an agreement with the International Monetary Fund on a $6 billon loan with expected strict conditions including a “market determined” exchange rate. The rupee’s official exchange rate is ... Read More »

Gold surges to Rs80,500

KARACHI: Amid stability in rupee-dollar parity, a massive jump in international gold prices on Tuesday pushed up local yellow metal rates to an all-time high of Rs80,500 per tola and Rs69,016 per 10 grams, up Rs1,300 and Rs1,115 over Monday’s rate. International gold price swelled by $21 per ounce to $1,429 which triggered a fresh price hike in domestic rates. ... Read More »

Gold prices hit record high at Rs80,500 per tola

KARACHI: With Rs1300 per tola increase, the gold prices have hit record  high in Pakistan. Gold has reached Rs 80,500 per tola with the increase of Rs 1300 on Tuesday. While the price of 10 gm gold touched Rs69,016 with the hike of Rs 1,115 here. The increase in the prices at local market is witnessed after the gold hit ... Read More »

PSX dip 281 points amid economic concerns

KARACHI: The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday amid a dearth of market triggers, the possibility of FATF blacklisting, lack of clarity on rupee depreciation and concerns over surging inflation. On the economic front, the Petroleum Division has sought an increase of up to 200pc in the prices of gas for domestic consumers (expected to take ... Read More »

Gold reaches record high at Rs79,200 per tola

KARACHI: The value of gold in Pakistan has hit a record high, as the per tola price of the yellow metal reached 79,200 on Monday after an increase of Rs600. The price of 10-gram gold also witnessed an increase of Rs1,069 and was traded at Rs68,029. The price of 10-gram gold was recorded at Rs66,958 on Saturday. Go ld prices ... Read More »

KSE-100 loses 700 points amid lack of support fund

KARACHI: The Pakistan stock market dropped over 750 points in intra-day trade on Monday, due to the absence of the market support fund. “Absence of the market support fund turned around the sentiment to negative,” Arif Habib Limited Head of Equity Sales Saad bin Ahmed told media. The Economic Coordination Committee (ECC) of the Cabinet approved the market support fund ... Read More »

Gold hits six-year peak: Local prices surge to Rs78,100 per tola

KARACHI: Domestic one tola and 10 gram gold prices o hit fresh peak of Rs78,100 per tola and Rs66,958 per 10 grams, respectively, as international bullion prices surpassed $1,400 before retreating, still holding near a six-year high on the US central bank’s dovish stance on monetary policy. Locally, gold prices saw a surge of Rs800 per told and Rs686 per ... Read More »

Pak Rupee gains 13 paisas against dollar

KARACHI: The Pak Rupee gained 13 paisas against dollar on Friday owing to improved inflows of remittances and lower demand for import payments. The rupee ended Rs156.83 to the dollar from previous day’s closing of Rs156.96 in interbank foreign exchange market. The foreign currency market was initiated in the range of Rs156.80 and Rs156.90. The market recorded day high of ... Read More »