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Karachi: The Pakistan Vanaspati Manufacturers Association (PVMA) has proudly extended congratulations to Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), on his recent election as Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI). This prestigious role for Sheikh was announced in Singapore, marking …
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Gold prices in Pakistan have surged again, marking an increase of Rs. 1,400 per tola. This brings the per tola rate of gold in the local market to Rs. 271,900, reflecting the broader trend of rising precious metal prices worldwide. The international gold market has also seen a price rise. The rate per ounce …
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Karachi: The Securities and Exchange Commission of Pakistan (SECP) successfully concluded the second day of the Pakistan Start-up Summit in Karachi. The event continued to generate excitement, attracting policymakers, start-up founders, international speakers, and other stakeholders. Their active participation emphasized the summit’s role as a key platform for driving innovation and economic growth in Pakistan. …
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Karachi: The State Bank of Pakistan (SBP) recently shared a survey link on its official WhatsApp channel, sparking questions about its methodology. The survey included questions from the central bank’s monthly Consumer Confidence Survey, which assesses economic sentiment among individuals and businesses. The SBP typically conducts the Consumer Confidence Survey through phone interviews, reaching …
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Islamabad: The government is set to finalize a major agreement with 18 Independent Power Producers (IPPs). This agreement will transition from “take or pay” model to a “take and pay” model for electricity purchases. This change is expected to significantly cut power costs and optimize the energy payment structure. Deal Expected to Save Rs 70-100 …
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Karachi: The Pakistan Stock Exchange (PSX) continued its bullish run on Monday, with the benchmark KSE-100 index crossing the 94,000 level during intra-day trading. This milestone reflects sustained investor confidence and positive market momentum. The KSE-100 index closed at 93,648.32, marking a gain of 356.64 points, or 0.38%, from the previous close of 93,291.68. During …
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Bitcoin hit a new all-time high above $80,000 on Sunday. The surge followed Donald Trump’s victory in the U.S. presidential election. Bitcoin’s price has continued to rise since election night. The surge is fueling excitement in the crypto market, with many believing Trump’s win is boosting Bitcoin’s prospects. Bitcoin is up 80% this year. …
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Karachi: Attock Refinery Limited (ATRL) has postponed its major refinery upgrade project. The upgrade aims to boost high-value fuel production, including petrol and diesel. The delay stems from an unresolved tax adjustment issue critical to the project’s financial viability. ATRL officials explained that tax changes in the FY25 budget now prevent input sales tax adjustments …
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As of November 9, 2024, the Saudi Riyal (SAR) exchange rate in Pakistan’s open market stands at Rs73.65. The selling rate is slightly higher at Rs74.20. This recent trend shows the Riyal depreciating by 55 paisas against the Pakistani Rupee (PKR) in the open market yesterday. Conversion Examples With today’s rate, exchanging 500 Saudi Riyals …
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Gold prices remained steady today in both global and local markets. In the international bullion market, the price of gold per ounce stayed at $2683, showing no movement from previous levels. In the local bullion market, the price of 24-carat gold per tola held steady at Rs278,800. This follows a significant rise yesterday, when the …
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