Business News
-
SBP injects huge amount into banking system | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s central bank has injected a significantly large amount of Rs4.77 trillion into the banking system for up to four weeks to enable conventional and Shariah-compliant banks to meet the cash-strapped government’s financing needs. Market talk suggests that the State Bank of Pakistan (SBP) supplied a huge liquidity despite excessive funds with commercial…
-
Sri Lanka calls for revisiting FTA | The Express Tribune
.
[ad_1] KARACHI: Consul General of Sri Lanka Jagath Abeywarna mentioned that despite 75 years of good diplomatic relations and a Free Trade Agreement (FTA) since 2005, Sri Lanka-Pakistan trade volume remains ‘insignificant’ at US $440 million due to certain barriers preventing trade between both sides. “Pakistan’s exports to Sri Lanka stood at $360 million, and…
-
Online shopping on the ascendancy in Pakistan | The Express Tribune
.
[ad_1] KARACHI: Online shopping has been on the rise in Pakistan since the pandemic with rising internet penetration and smartphone use along with a younger consumer base providing a boost to the rapidly evolving e-commerce industry. This was the consensus among the leading names in digital marketing who were part of a webinar on the…
-
Market watch: PSX hits new high, crosses 55k | The Express Tribune
.
[ad_1] Pakistan Stock Exchange (PSX) on Friday skyrocketed to a new record high as it crossed the 55,000 milestone in the backdrop of technical review talks with the IMF and due to a reduction in bond yields and an increase in remittances. In the morning, trading began at the intra-day low of 54,371.74 points when…
-
Rupee shows resistance amid volatile market | The Express Tribune
.
[ad_1] KARACHI: The Pakistani currency, in a defiant stance, held its ground near the Rs287 mark against the US dollar in the interbank market on Friday, marking the fourteenth consecutive day of resisting a significant drop. According to State Bank of Pakistan (SBP) data, the local currency experienced a marginal decline of 0.05%, or Rs0.13,…
-
Bulls take charge as PSX shoots past 55,000 mark
.
[ad_1] Two investors can be seen discussing in front of the digital stock board at the Pakistan Stock Exchange. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Friday soared to an all-time high after the KSE-100 index crossed the 55,000-mark. The benchmark KSE-100 index reached an intraday high of 55,506.32 points. However, it closed…
-
PTA announces fine for non-usage of mobile SIMs
.
[ad_1] A representational image of a SIM. — AFP/File In Pakistan, telecom providers give out free SIMs (subscriber identity modules) and people also tend to have more of them than needed, leading to scores of SIMs not being used and kept idle. This issue has been constant and the Pakistan Telecommunication Authority (PTA) has taken…
-
Veterans Day Deals: Kohls, Dee’s Nuts, Victory Coffee, more to celebrate US veterans
.
[ad_1] The Veterans Day Parade on Nov. 11, 2019, in New York City. — AFP Veterans Day is observed in the United States on Saturday, November 11, 2023 —It’s a chance to show gratitude for the men and women who have served in the military by holding parades, celebrations, and other activities. Additionally, a lot…
-
Workers’ remittances rise in October after crackdown
.
[ad_1] A currency exchange dealer counts $100 bills in this undated picture. — AFP/File KARACHI: Following the crackdown against the illegal exchange market and closing of the gap between interbank and open markets, the workers’ remittances were recorded at $2.5 billion in October making it an increase of 9.6% year-on-year basis, according to the State…
-
PSX touches new heights as rupee continues downward trend | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and crossed the 55,000 points barrier for the first time in history while the local currency slumped to a five-week low of Rs287.5 against the US dollar in the inter-bank market during morning trading hours on Friday. PSX benchmark KSE-100 Index touched 55,268 points, soaring…
