Middle East tensions push oil prices up By: TLTP on March 13, 2024Crude oil prices increased on Tuesday as tensions in the Middle East continued to spur concerns. As of 1110 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.52 (+0.63 percent) to reach $82.73 a barrel. Similarly, the West Texas Intermediate (WTI), the main oil benchmark for North America, went up […]
Dr. Musadik Malik takes chage of Ministry of Energy By: APP on March 13, 2024Federal Minister of Energy Dr Musadik Malik assumed charge of the Ministry of Energy on Tuesday and said the government is committed to facilitating local and foreign investment in the gas and minerals sector. Upon his arrival, he was welcomed by the Secretary of Petroleum, Momin Agha, and other officials of the Ministry. The minister […]
Draw of Rs40,000 prize bond held By: APP on March 13, 2024The 28th draw of prize bonds of Rs.40,000 denomination was held in State Bank of Pakistan (SBP) Faisalabad. Prizes of different values were announced for different numbers in this draw. Executive Members FCCI Shafique Hussain Shah and Maqsood Akhtar Butt represented the Faisalabad Chamber of Commerce & Industry (FCCI) during this draw to ensure transparency, […]
PSX sheds 953 points ahead of SBA talks with IMF By: Agencies on March 13, 2024Pakistan Stock Exchange (PSX) witnessed heavy selling pressure ahead of talks with the International Monetary Fund (IMF) mission for the final review of the stand-by arrangement (SBA), with the benchmark KSE-100 Index losing 953.60 points (-1.45 percent) to close at 64,801.70 points. The IMF mission is set to hold economic review discussions from March 14 […]
Bitcoin breaks through $72,000 to hit fresh record By: Agencies on March 13, 2024The cryptocurrency market continued with its bullish momentum on Tuesday, with the market capitalization gaining 0.3 percent to reach $2.84 trillion. As of 1125 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, went up to $72,106 with an increase of 0.7 percent in the last 24 hours. The market capitalization […]
Gold price inches down to Rs230,100 per tola By: Agencies on March 13, 2024Gold price in the country inched down by Rs100 per tola on Tuesday after going up for 10 straight sessions. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold decreased to Rs230,100 from Rs230,200. Similarly, the price for 10 grams of 24-karat gold slipped to Rs197,274 […]
ICCI calls for reconciliation to tackle prevailing socio-economic issues By: Agencies on March 13, 2024President Islamabad Chamber of Commerce and Industry (ICCI) Ahsan Zafar Bakhtawari on Tuesday urged all segments of the society to work with enthusiasm and reconciliation as it is inevitable in current socio-economic circumstances of the country. Heading an ICCI delegation which visited National Press Club (NPC), he said, “It is a requirement of the time […]
PSX slips slightly to 65,755.30 points By: Agencies on March 12, 2024Pakistan Stock Exchange (PSX) went slightly down on Monday, with the benchmark KSE-100 Index losing 38.45 points (-0.06 percent) to close at 65,755.30 points. The market opened on a positive note but it swung both ways in the first hour. However, the market remained in the green for most part of the session. The traders […]
Rupee sheds four paisas against dollar By: TLTP on March 12, 2024The rupee snapped a two-day winning streak against the US dollar in the inter-bank market on Monday and depreciated by four paisas. The State Bank of Pakistan (SBP) said that the rupee opened at 279.04 against the dollar in the interbank market and closed at 279.08, depreciating by 0.1 percent. The local unit gained 15 […]
Pakistan’s cutlery export to China surged 25% in 2023 By: Agencies on March 12, 2024“In Wazirabad, the bustling markets are teeming with workshops and storefronts, where artisans diligently ply their trade, preserving age-old techniques while embracing modern innovation. It is a testament to the resilience and ingenuity of its people. The city’s craftsmanship has garnered global acclaim, with its products sought after by connoisseurs and collectors worldwide”, he stated. […]