Daily Archives

September 12, 2022

Rupee spread widens to record

The spread between the value of Pakistani currency in open and inter-bank markets has widened to a record high at Rs10-12 per dollar, as currency dealers are selling one US dollar for Rs238-240 in open market compared to Rs228.18 in

Payments firm scraps $1.5b deal

US online checkout company Bolt Financial Inc said on Friday it scrapped its $1.5 billion deal to buy cryptocurrency infrastructure provider Wyre Payments Inc, amid plunging valuations in crypto and fintech businesses.San Francisco-based

Workers at Indiana plant go on strike

Members of the United Auto Workers union walked out of Stellantis’ Kokomo plant in Indiana on Saturday, citing health and safety concerns.In a statement, the union demanded the company replace its heating and air-conditioning systems,

PSX gains 123 points, closes at 41,948 points

The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 123.37 points, a positive change of 0.29 percent, closing at 41,948.16 against 41,824.79 points on the last working day.A total of 146,631,042

IRSA releases 271,100 cusecs water

Indus River System Authority (IRSA) on Sunday released 271,100 cusecs water from various rim stations with inflow of 284,000 cusecs.According to the data released by IRSA, Tarbela Dam has already attained its maximum capacity level of 1550