Business & Finance

Business & Finance News Updates

Exchange rate of Pakistan weakened by Rs 1.06 against US Dollar

Rupee continues upward trend against dollar

Exchange rate of Pakistan rupee weakened by Rs 1.06 against the United States dollar in the interbank trading on Tuesday 29th August 2023 and closed at Rs 303.05 against the previous day’s closing of Rs 301.99. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates …

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PSX Summary 28th August 2023: Market loses 192 points

PSX Pakistan Stock Exchange functions normally in challenging circumstances

The 100-index of the Pakistan Stock Exchange (PSX) shed 192.61 points on Monday, showing negative change of 0.40 percent, closing at 47,478.61 points against 47,671.22 points the previous trading day. A total of 184,138,134 shares were traded during the day as compared to 192,036,691 shares, whereas the trading value of …

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Dollar rates 28th August 2023: Rupee sheds 99 paisa against US Dollar

Rupee continues upward trend against dollar

Pakistani rupee on Monday witnessed a 99 paisa devaluation against the US dollar in the interbank trading and closed at Rs301.99 against the previous day’s closing of Rs301. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood …

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China’s Artificial Intelligence investment expected to exceed 38 bln USD in 2027

AI Artificial Intelligenc IT

China’s investment in artificial intelligence (AI) is estimated to reach 38.1 billion U.S. dollars in 2027, accounting for about 9 percent of the world’s total, according to an industry report.? China has continued to boost its prowess in the AI sector in recent years, said global market research firm International …

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PSX Summary 25th August 2023: Market loses 79 points

PSX Pakistan Stock Exchange functions normally in challenging circumstances

The 100-index of the Pakistan Stock Exchange (PSX) shed 79.55 points on Friday , showing negative change of 0.17 percent, closing at 47,671.22 points against 47,750.77 points the previous trading day. A total of 192,036,691 shares were traded during the day as compared to 251,691,469 shares, whereas the trading value …

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PSX turns around to bullish trend, gains 332 points

PSX Pakistan Stock Exchange functions normally in challenging circumstances

The 100-index of the Pakistan Stock Exchange (PSX) Wednesday turned around to bullish trend, gaining 332.14 points, a positive change of 0.70 percent, closing at 47,750.77 points against 47,418.63 points the previous trading day. A total of 251,691,469 shares were traded during the day as compared to 188,680,077 shares the …

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Dollar rates 24th August 2023: Rupee sheds 63 paisa against US Dollar

Rupee continues upward trend against dollar

Pakistani rupee on Wednesday witnessed 63 paisa devaluation against the US dollar in the interbank trading and closed at Rs299.63 against the previous day’s closing of Rs299. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at …

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Dollar rates 22nd August 2023: Rupee sheds Rs 1.87 against US Dollar

Rupee continues upward trend against dollar

Pakistani rupee on Tuesday witnessed Rs 1.87 devaluation against the US dollar in the interbank trading and closed at Rs299 against the previous day’s closing of Rs297.13. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at …

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PSX Summary 21st August 2023: Market loses 770 points

PSX Pakistan Stock Exchange functions normally in challenging circumstances

The 100-index of the Pakistan Stock Exchange (PSX) on Monday shed 770.54 points, a negative change of 1.60 per cent, closing at 47,447.96 points against 48,218.50 points the previous trading day. A total of 211,230,785 shares were traded during the day as compared to 254,814,045 shares the previous day, whereas …

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Prices of back-to-school supplies haunt inflation-stricken parents

Back to school essentials

With back-to-school essentials in demand amid opening of the educational institutions in the federal capital after summer vacation break, majority of the parents are grappling with the exorbitant prices of all school items. Most of private schools start their new academic session after the summer break when most of parents …

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