Karachi: Pakistan Stock Exchange Limited has dimissed the rumors about the alleged circulating a notice on social media regarding M/s. WorldCall Telecom Limited. According to a statement issued, PSX “has received multiple calls for confirmation of alleged PSX Notice No. PSX/N-215 dated February 11, 2021; circulating on social media relating to the placement of M/s. …
Category Archives: Business
Pakistan Tobacco Company Unveils Its New Corporate Identity
Managing Director & Chief Executive Officer of Pakistan Tobacco Company Limited unveiled their new logo reflecting on the company’s evolved strategy, in line with its parent company British American Tobacco plc (BAT) that has set out three clear priorities for its business across the globe: – Drive value from traditional combustible products – Ensuring a …
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After global market, gold prices rise in Pakistani market
Gold has also become more expensive in Pakistan after the rise in the international bullion market. In the international bullion market, the price of 24 karat gold per ounce rose by dollar 20 to 1843, while in the local barter markets, the price of gold per tola and per ten grams increased by Rs. 300 …
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US dollar sold at Rs160.6 on 8 February
The sales rate of the US dollar was Rs159.9, while the sale rate was Rs160.6 on Monday, 8 February. In the meantime, the prices of the US Dollar, Saudi Riyal, UK Pound, UAE Dirham, and other foreign currencies in the free market were as follows. Currency Buying Selling Australian Dollar 121 123 Canadian Dollar 123 …
Gold rates remain constant in Pakistan
KARACHI: on Monday 8 February, one tola of 24-karat gold in Pakistan was sold for Rs118,000, at the closing of the bullion market. According to the details, 10 grams of 24k gold was sold for Rs95,850 at the closing of trading. on the other hand 10 grams of 22k gold was traded for Rs87,863.
Ford Motor Company all Set To Compete With Tesla
In the Electric and Autonomous Vehicles Market, Ford Motor Company Has Carried Out Ambitious Expansion Plans as It Strives to Battle Tesla. The automaker is spending US$29 billion in space, which corresponds to a net loss of US$2.8 billion for the fourth quarter. The carmaker was determined to spend a total of $11.5 billion on …
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FBR made 5 years of record necessary to selling and buying of gold
In order to prevent money laundering, the FBR has made it mandatory to keep a record of buying and selling jewelry for five years. The Federal Board of Revenue (FBR), sources said that new guidelines have been issued for those trading in precious stones and metals. According to the guidelines issued, the record of buying …
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OGRA increases the LNG prices
Karachi: The Oil and Gas Regulatory Authority (OGRA) has notified that the price of Liquefied Natural Gas (LNG) for the month of February by Rs 142 per MMBtu. According to the Oil and Gas Regulatory Authority (OGRA), the prices for Sui Northern Gas Company and Sui Northern Gas Pipelines Company Limited (SNGPL) have been increased. …
The dollar depreciated against rupee last week
The dollar weakens against the rupee last week as Pakistan sought 10 billion dollars for finance over the next three years through various World Bank projects. 20% reduction in government import bill due to intermittent decline in global oil prices, Rising remittances strengthen the rupee. The dollar continued to depreciate against the euro pound and …
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The Dollar continues to depreciate
Karachi: The US dollar depreciated against the rupee in both the foreign exchange markets on Friday. As a result, the dollar lost another 20 paise to close at Rs 160.30 in the open currency market. In the interbank market, the dollar fell further by 18 paise to close at Rs 160.10. Read, Gold prices rose in …