Category: Business

KARACHI: A new and innovative Exchange Traded Fund has been launched at the Pakistan Stock Exchange (PSX), the HBL Total Treasury Exchange Traded Fund, a statement said on Tuesday. This ETF, seventh to be launched at the PSX, is a first of its kind, as it consists of a blend of government debt securities as […]

India’s Tata Motors on Wednesday launched an electric model of its popular Tiago hatchback with a sticker price starting from 849,000 rupees ($10,370), making it the most affordable electric vehicle in the country. Tata is the only automaker currently building EVs in India and the Tiago EV is expected to further its lead in the […]

The West needs to make sure no Russian bank has access to the SWIFT messaging system, British Foreign Secretary Liz Truss said on Thursday during a visit to Lithuania. “We worked with the US the EU and G7 to cut off funding for Putin’s war machine, kicking Russian banks after the financial system … we […]

PESHAWAR: The CNG stations in Khyber Pakhtunkhwa (KP) will remain open for five-day in a week, citing KP Chief Minister Mahmood Khan. According to details, a delegation of the CNG Association called on CM Mahmood Khan here in Peshawar to discuss schedule of CNG stations in the province.The meeting agreed over adding two more days […]

BRUSSELS: The European Union will impose new sanctions on Russia targeting industry, financial sectors and export controls over Moscow’s invasion of Ukraine, an EU diplomat said on Thursday. “We want the biggest possible package, targeting industrial sectors, export controls, financials, maybe visa policy”, the diplomat said, adding that EU sanctions would target Russian oligarchs, especially […]

LAHORE: Flour millers on Tuesday jacked up the price of a 20 kilogramme flour bag by Rs50 following the recent hike in rates of petroleum products and electricit. According to the Flour Mills Association, a 20kg bag will now cost Rs1,150. It said flour price was hiked due to the recent hike in prices of […]

KARACHI: The Pakistani rupee recouped some losses against the United States (US) dollar in the interbank market on Monday. According to the State Bank of Pakistan (SBP), the domestic unit closed at Rs175.75 against the greenback, registering appreciation of 11 paisas over Friday’s close of Rs175.86. Earlier, the State Bank of Pakistan (SBP) said foreign […]

According to a report by Deel, a 27% hike in salaries of Pakistani freelancers has been noted. An average Pakistani freelancer earned nearly Rs6 million, it said. According to a report by a San Francisco based organization Deel, Pakistani freelancers’ salaries are among the world’s fastest-rising. The Covid-19 pandemic and advances in communications technology have […]

The US dollar continued to lose its value against the Pakistani rupee on Thursday and slumped to Rs175.39. According to the State Bank of Pakistan (SBP), the dollar depreciated 28 paisas to Rs175.39 in the interbank market. The greenback suffered a decline of 0.16% on Thursday after it had already lost by 0.06% on Wednesday. […]

Gold prices in Pakistan recorded gains on Wednesday as per tola price increased by Rs50 in the domestic market According to all Pakistan Jewellers Manufacturers Association (APJMA), the per tola gold price was increased by Rs50 to settle at Rs125,750. The rate of 10 grams gold also increased by Rs43 to Rs107,810.The United States (US) […]