Stocks fall amid flood damage assessment
Pakistan Stock Exchange witnessed a bearish trend for most of the outgoing week as the benchmark KSE-100 index took a beating following assessment of flood damage, which pulled the index down by 361 points (or 0.9%) week-on-week.The week…
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,…
Govt urges for encouraging halal food exports till $5 trillion
Chairman United Business Group in the Federation of Pakistan Chambers of Commerce and Industry, on Sunday urged the government to encourage the adoption of advanced technologies such as block chain and the internet of things (IoT) when…
Miftah assures APTMA of full support to meet exports target
Federal Finance and Revenue Minister Miftah Ismail Saturday assured the All Pakistan Textile Mills Association (APTMA) of the government’s full support in meeting the exports target for the current fiscal year.He was speaking to the APTMA…
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…
People will not respond to Imran’s call: Marriyum
Islamabad (Staff Reporter) Minister for Information and Broadcasting Marriyum Aurangzeb said that the people would not respond to the call of Pakistan Tehreek-e-Insaf (PTI) Imran Khan for creating chaos, anarchy and violence in the…