Business & Finance

Business & Finance News Updates

PSX Summary February 29th, 2024: Market gains 875 points

PSX Pakistan Stock Exchange functions normally in challenging circumstances

In a remarkable turn of events, the Pakistan Stock Exchange (PSX) witnessed a robust bullish trend on Thursday, with the 100-index gaining an impressive 875.07 points. This positive change of 1.37 percent propelled the index to a closing figure of 64,578.52 points, outshining the previous day’s closing at 63,703.45 points. …

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Biometric Now Mandatory for Motorbike Registration in Islamabad

Honda CD 70 2024 model launched

In a groundbreaking move, the Excise and Taxation Department of Islamabad has declared a significant shift in the realm of motorbike registration and ownership transfers. Starting from March 1, 2024, the new protocol mandates biometric authentication for all fresh motorbike registrations and ownership transfers, marking a transformative leap in streamlining …

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PSX Summary February 28, 2024: Bullish Momentum Leads to Gains

PSX Pakistan Stock Exchange functions normally in challenging circumstances

On February 28, 2024, the Pakistan Stock Exchange (PSX) witnessed a notable turnaround, embracing a bullish trend that propelled the 100-index to gain 484.35 points. This positive change of 0.77 percent marked a significant shift, closing the day at 63,703.45 points, compared to the previous trading day’s 63,219.10 points. The …

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Rupee Gains 16 Paisa Against US Dollar As On 28th February 2024

Rupee continues upward trend against dollar

In a positive turn of events, the Pakistani Rupee demonstrated strength in the financial markets on Wednesday by gaining 16 paisa against the US dollar in interbank trading. The day concluded with the Rupee standing at Rs 279.11, marking an improvement from the previous day’s closing rate of Rs 279.27. …

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Dollar rates today 27th February 2024

Rupee continues upward trend against dollar

In the dynamic world of finance, currency markets play a pivotal role in shaping economic landscapes. On Tuesday, the Rupee experienced some shifts against major currencies, providing insights into the ongoing trends and factors influencing the global economy. Let’s delve into the latest updates and explore the implications for businesses …

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Rupee Strengthens Against Dollar As On 26th February 2023

Rupee continues upward trend against dollar

In a positive turn of events, the Pakistani Rupee displayed resilience in the currency market, gaining 16 paisa against the US dollar on Monday. The interbank trading session concluded with the rupee closing at Rs 279.20, a notable improvement from the previous day’s closing of Rs 279.36. The Forex Association …

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PSX Maintains Bullish Momentum, Surges by 355 Points on Robust Trading On 22nd February 2024

PSX Pakistan Stock Exchange functions normally in challenging circumstances

The Pakistan Stock Exchange (PSX) remained on a bullish trajectory on Thursday, as the 100-index gained a substantial 355.19 points, marking a positive change of 0.58 percent. The market closed at an impressive 61,914.34 points, surpassing the previous day’s closing at 61,559.16 points. The trading day saw a significant volume …

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Currency Market Update 21st Febrary 2024: Rupee Strengthens Against US Dollar, Euro Witnesses Increase

Rupee continues upward trend against dollar

In a recent development, the Pakistani Rupee exhibited resilience against the US Dollar, gaining 07 paisa in interbank trading to close at Rs279.49, as compared to the previous day’s closing rate of Rs279.56. This positive movement in the local currency offers insights into the dynamics of the foreign exchange market, …

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Decline in Motorbike and Three-Wheeler Sales: An In-depth Look at the Numbers

Suzuki GSX125

In the wake of economic challenges and shifting consumer preferences, the motorbike and three-wheeler market in the country has experienced a notable downturn. According to the latest data from the Pakistan Automobile Manufacturing Association (PAMA), the sale of motorbikes and three-wheelers witnessed a significant decrease of 12.33% during the first …

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Rupee Declines Against Dollar: 20th February 2024 Exchange Rate Update

Rupee continues upward trend against dollar

In the latest financial update, the Pakistani Rupee witnessed a decline of 26 paisa against the US dollar in interbank trading on Tuesday, closing at Rs279.56 compared to the previous day’s closing of Rs279.35. According to the Forex Association of Pakistan (FAP), the open market rates for the dollar were …

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