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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 unchanged against US dollar

KARACHI: The Pak Rupee ended unchanged against dollar on Wednesday amid demand for import and corporate payments. The rupee ended Rs154.25 to the dollar, same previous day’s closing in interbank foreign exchange market. Currency dealers said that the market witnessed demands for dollars from importers and corporate buyers. However, inflows of remittances and export payments helped the rupee to end ... Read More »

Pak Rupee falls by four paisas against US dollar

KARACHI: The Pak Rupee ended four paisas down against dollar on Tuesday amid demand for import and corporate payments. The rupee ended Rs154.25 to the dollar from previous day’s closing of Rs154.21 in interbank foreign exchange market. Currency dealers said that the rupee depreciated due to demand for dollars from importers and corporate buyers. They said that due to coronavirus ... Read More »

Gold price falls by Rs2,200 per tola in local market

KARACHI: Gold rates fell by Rs2,200 to Rs94,250 per tola in the local market on Tuesday. Likewise, the price of 10 grams of precious yellow metal registered a drop of Rs1,886 and traded at Rs80,804. Meanwhile, gold prices in global market also witnessed decreased of $39 per ounce and was being traded at $1641 per ounce, over the impact of ... Read More »

PSX drops more 400 points as virus continues to demotivate investors

KARACHI: Panic and uncertainty continues to demotivate potential investors on Tuesday at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Share Index further lost 421.68 points or 1.08pc in the early trading hours and reached 38,722.05 (below 39,000). As of 11.34am, the apex of the day remained 39,247.75 whereas 38,693.02, the lowest so far. The latest bearish trend in ... Read More »

PSX plunges 1105 points on corona virus fears

KARACHI: The stock market plunged by 1,105 points or 2.7 percent on Monday owing to rising coronavirus cases in neighboring country. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,144 points as against 40,249 points showing a decline of 1105 points (-2.7 percent DoD). Analysts at Arif Habib Limited said that the market bled a total of ... Read More »

US dollar rises one paisa against Pak rupee in inter-bank market

KARACHI: The US dollar appreciated by one paisa against the Pakistani rupee in the inter-bank market on Monday. According to forex dealers, the greenback settled at 154.21 against the local unit as compared to previous week’s closing of 154.20. Meanwhile, the dollar remained stable against the rupee at 154.40 in the open market. Earlier today, acting Federal Board of Revenue ... Read More »

Gold prices hit record high, reach Rs 96,300 per tola in Pakistan

KARACHI: Gold prices in Pakistan reached all-time high at Rs 96,300 per tola, according to Jewellers association of Sindh. Gold moved up by Rs 2000 reaching at Rs 96,300 per tola in the local market. Similarly, the price of 10 grams of gold was increased by Rs 1715 and reached at Rs 82,562. The gold prices in the local market ... Read More »

PSX experiences bloodbath, sheds 819.55 points in intra-day trading

KARACHI: The Pakistan Stock Exchange (PSX) has been experiencing a bloodbath on Monday following a spike in new coronavirus cases that refuelled investor anxiety about China’s disease outbreak. The continuous dull and drab activity with bulls and bears managing to secure an upper hand in turns amid absence of several other triggers pushed the benchmark KSE-100 Share Index level below ... Read More »

Farrukh Hussain assumes charge of PSX CEO

KARACHI: Farrukh Hussain Khan has assumed the charge of Chief Executive Officer (CEO) of Pakistan Stock Exchange (PSX) on Monday, February 24, 2020, a statement said. Farrukh Hussain was appointed by the Board of Directors of PSX with the approval of the Securities and Exchange Commission of Pakistan (SECP) as CEO of PSX in place of Muhammad Rafique Umer, who ... Read More »

Pak Rupee likely to appreciate by 4pc: Credit Suisse

KARACHI: According to Credit Suisse, value of Pakistani Rupee (PKR) is likely to rise by four percent. Report of Credit Suisse states that interest rate in Pakistan is unlikely to rise despite inflation in the country. State Bank will reduce interest rate after there is a decline in inflation. Report further states that during IMF program, a 4% increase in ... Read More »

A weekly review: Stocks flat in thin trade over FATF, virus concerns

KARACHI: The stock market kept struggling for its sustainability in the outgoing week as confusion and uncertainty surrounded potential investors until Friday when the FATF maintained Pakistan’s status in its grey list of countries with inadequate controls to restrict money laundering and terror financing. These concerns together with uncontrollable spread of coronavirus that has adversely affected the Asian economy, in ... Read More »

Pak Rupee appreciates by three paisas against US dollar

KARACHI: The Pak Rupee appreciated by three paisas against dollar on Friday owing to reduction in current account deficit. The rupee ended Rs154.20 to the dollar from previous day’s closing of Rs154.23 in interbank foreign exchange market. Currency dealers said that market sentiments were remained high owing to narrowing current account deficit of the country. Pakistan’s current account deficit narrowed ... Read More »

PSX plunges 92.87 points to close at 40,481 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) Thursday registered bearish trend as KSE 100 index closed at 40,481 points as compared to 40,574 points on the last working day with the negative change of 92.87 points (0.23%). A total of 83,552,650 shares were traded compared to the trade 109,559,610 shares during the previous day, whereas the value of shares traded during ... Read More »

Gold price remains stable at Rs92,500

KARACHI: The per tola price of 24 karat gold remained stable on Thursday and was traded at Rs92,500 per tola and that of 10 gram gold was traded at Rs79,304, Karachi Sarafa Association reported. The price of silver also remained constant and was traded at Rs 1050 and that of 10 gram silver was traded at Rs900.20. In international market, ... Read More »

Pak Rupee gains three paisas against dollar

KARACHI: The Pak Rupee gained three paisas on Thursday against dollar owing to shrinking current account deficit. The rupee ended Rs154.23 to the dollar from previous day’s closing of Rs154.26 in interbank foreign exchange market. Currency dealers said that market sentiments were high owing to narrowing current account deficit of the country. Pakistan’s current account deficit narrowed by 72 percent ... Read More »

Stock market trades almost flat amid absence of triggers

KARACHI: The stock market has been trading nearly flat on Thursday amid absence of positive triggers despite yesterday’s fine session amid reports of hopeful positive outcome from the FATF meetings in Paris for Pakistan which restored some of investors’ confidence. The benchmark KSE 100-Share Index reached 40,561.50 points after losing 13 points as of 01.09pm. The Index opened at 40,660.52 ... Read More »

PSX gains 399 points on positive vibes from FATF session

KARACHI: The stock exchange gained 399 points on Wednesday owing to positive vibes from ongoing FATF plenary session, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,574 points as against 40,735 points showing an increase of 399 points. Analysts at Arif Habib Limited said that the market moved up today by 469 points during the ... Read More »

Pak Rupee gains three paisa against US dollar in interbank market

KARACHI: The Pakistani rupee rose by three paisa against the US dollar in the inter-bank market on Wednesday. According to forex dealers, the rupee appreciated by three paisa to 154.20 against the greenback as compared to yesterday’s closing of 154.25. Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Tuesday said the foreign direct investment in ... Read More »

Stock market stages rally over reports of positive FATF outcome

KARACHI: After a considerable declining trend in the previous weeks, reports of positive outcome from the FATF meetings in Paris for Pakistan restored some of investors’ confidence in the stock market in the early trading hours on Wednesday. The benchmark KSE 100-Share Index reached 40,505.27 points after gaining 329.92 points or 0.82pc as of 11.19am. The Index opened at 40,221.82 ... Read More »

Gold price gains Rs350, traded at Rs91,150 per tola

ISLAMABAD: The per tola price of 24 karat gold appreciated by Rs350 on Tuesday and was traded at Rs91,150 as compared to Rs90,800 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed increased of Rs300 and was traded at Rs78,146 against last closing of Rs77,846. The price of silver remained stable and was ... Read More »