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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 gains 57 paisas against US dollar

KARACHI: The Pak Rupee gained 57 paisas against dollar on Monday owing to falling oil prices in international markets. The rupee closed at Rs158.41 to the dollar from last Friday’s closing of Rs158.98 in interbank foreign exchange market. Currency dealers said that the international oil prices were falling constantly due to ease in demand on coronavirus threat and price war ... Read More »

Gold plunges by Rs1850 per tola

KARACHI: The price of 24 karat gold decreased by Rs1850 per tola on Monday and was traded at Rs89,000 as compared to Rs90,850 of last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed a decrease of Rs1587 and was traded at Rs76,303 as compared to Rs77,890 during last trading day. The price of silver ... Read More »

Pakistan Stock Exchange crashes after losing 2,000 points

KARACHI: Bloodbath at the Pakistan Stock Exchange (PSX) has continued as the KSE-100 Index lost over 2,000 points on Monday. Trade was halted for 45 minutes after the stock exchange witnessed bearish trend today and the 100-Index initially fell of 34,000 points. On the other hand, the value of the US dollar is continuing to surge against the Pakistani rupee. ... Read More »

Pakistan Stocks drops 1,600 points in early hours

KARACHI: The Pakistan Stock Exchange (PSX) recorded freefall activity on start of business on the first day of the week (Monday) after the benchmark KSE-100 Index dropped over 1,600 points in the opening hours of the trading session.   At the time of filing this report, the KSE-100 Index was being traded at 34,409.60 points, showing a decline of 1651.28 points ... Read More »

Asian stock markets, US futures sink after Fed’s rate cut

NEW YORK, N.Y. – Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. Sydney’s benchmark plunged 7% and Hong Kong’s Hang Seng lost 2%. Shanghai was down 0.5% and Tokyo was flat. Brent ... Read More »

Gold plunges Rs600 in a week

KARACHI: Gold rate on 14th March, 2020 remained pkr93, 600 per tola when its price fell 600 rupees during the week. On the other side, the rate of 10 grams of gold is Rs80,247. These rates are provided by local Gold Market and Sarafa markets of Pakistan. The above mentioned rates are for different cities including Karachi, Islamabad, Lahore, Rawalpindi, ... Read More »

Weekly Review: coronavirus spread likely to haunt stock market

KARACHI: The spread of coronavirus likely to haunt the stock market in the coming week as it had already dented massively. Analysts at Arif Habib Limited said that with panic and uncertainty looming over the extension of Coronavirus, global markets are yet to ascertain long term impact. “We do highlight that international markets have fallen significantly from their all-time high ... Read More »

Pak Rupee falls by another 20 paisa against US dollar

KARACHI: The US dollar continued to record gains against the Pakistani rupee in the open market on Friday as the greenback rose by another 20 paisa against the local unit. According to forex dealers, the dollar finished at 158.70 against the rupee at the end of the day’s trading. A day earlier, the greenback had settled at Rs158.50 in the ... Read More »

Pakistan Stock Exchange plunges over 950 points

KARACHI: Bloodbath at the Pakistan Stock Exchange (PSX) continues as the KSE-100 Index plunged over 950 points on Friday and fell below 35,000 mark. Trade was halted for 45 minutes after the stock exchange witnessed bearish trend today and the 100-Index initially lost 1,682 points. However, it recovered some of its loss after trade was resumed. On the other hand, ... Read More »

US dollar edges up to Rs158.6 against Pak rupee in interbank

KARACHI: The United States (US) dollar is on the rise again and has hit its all-time high in the last eight months on Thursday in the inter-bank market. The US dollar extended an upward trend against the Pakistani rupee in the inter-bank market for a third straight day registering a 58 paisa increase after stabilising at 158.90. According to foreign ... Read More »

Pakistan Stock Exchange sheds over 1,700 points

KARACHI: The Pakistan Stock Exchange (PSX) has declined by over 1,700 points as the KSE-100 Index has fallen below the psychological barrier of 36,000 points. Stock markets are tumbling across the world due the coronavirus epidemic and global shares crumbled after US President Donald Trump stunned investors by announcing a temporary travel ban from Europe in an effort to curb ... Read More »

KSE-100 fails to sustain gains, closes in red

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a volatile session on Wednesday, as the indices failed to sustain gains accumulated in early hours and closed in the red. Foreign investors continued to offload equities on Tuesday, registering a net outflow of $5.08 million. On the economic front, overseas Pakistanis remitted $1,842 million in February 2020 as compared to ... Read More »

Pak Rupee falls by 96 paisas against US dollar in intraday trading

KARACHI: The Pak Rupee fell sharply by 96 paisas against dollar in intraday trading on Wednesday. The dollar is being traded at 158.40 in Interbank foreign exchange market. The rupee fell by Rs4.16 since start of this week.   Read More »

European markets look to higher open as coronavirus remains in focus

European markets are expected to open higher Wednesday as investors continue to watch the spread of the coronavirus, oil prices and geopolitics. London’s FTSE index is seen 27 points higher at the open at 6,004, Germany’s DAX is expected to open 89 points higher at 10,588 and France’s CAC 40 index up 52 points at 4,589 while Italy’s FTSE MIB ... Read More »

PSX KSE-100 index gains 637 points

KARACHI: The stock market rebounded on Tuesday after massive losses a day earlier on world oil price fall and coronavirus fear. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,696 points as against 37,059 points showing an increase of 637 points. Analysts at Arif Habib Limited said that the market rebounded today erasing most of the losses ... Read More »

Gold drops Rs200 per tola, traded at Rs95,000

KARACHI: The price of 24 karat gold dropped by Rs200 per tola on Tuesday and was traded at Rs95,000 as compared to Rs95,200 of last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed decrease of Rs171 and was traded at Rs81,447 as compared to Rs81,618 during last trading day. The price of silver remained ... Read More »

US dollar gains Rs1.12 against Pak Rupee in interbank

KARACHI: The US dollar Tuesday gained Rs1.12 against the Pakistani rupee in the interbank market to trade at Rs157.70. The greenback has risen by Rs3.45 in two days, adding Rs345 billion to the country’s debt. The Pakistan Stock Exchange (PSX) gained 401 points pushing the KSE-100 index to 37,460 points. A staggering sum of Rs170 billion was wiped off the ... Read More »

Gold price jumps Rs700 per tola to Rs95,200

KARACHI: The price of 24 karat gold jumped up by Rs700 per tola on Monday and was traded at Rs95,200 as compared to Rs94,500 of last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed increase of Rs600 and was traded at Rs81,618 as compared to Rs81,018 during last trading day. The price of silver ... Read More »

Dollar gains Rs2.32 against Pakistani Rupee in interbank

ISLAMABAD: The exchange rate of US Dollar against Pakistani Rupee witnessed increase of Rs2.32 in interbank on Monday and was traded at Rs156.58 against Rs154.24 on last trading day. However, according to Forex Association of Pakistan the buying and selling rates of Dollar in open market were recorded at Rs154.5 and Rs155.5 respectively. The SBP further reported that in interbank ... Read More »

Bloodbath at PSX; index plunges 1160.72 points

KARACHI: A staggering sum of Rs170 billion was wiped off the market capitalisation at the Pakistan Stock Exchange (PSX) in a single day where the KSE-100 index fell 1160.72 points and sank way below the 38,000-level at 37,058.95 on Monday. The KSE 100 index came crashing down as investors offloaded stocks in wake of the coronavirus. The bourse declined 1160.72 ... Read More »