Tag: Business News
KSE-100 loses over 147 points amid rate hike concerns
The Pakistan Stock Exchange (PSX) experienced a negative session on Monday, with its benchmark KSE-100 Index closing in the red. KSE-100 loses points: The KSE-100...
USD rate in open market drops below interbank: dealers
The US dollar (USD) declines below the interbank rate in the open market on Monday. USD rate in open market drops: Dolar is currently trading...
Alibaba shares slide 4% after former CEO quits cloud unit
the unexpected departure of former CEO Daniel Zhang from Alibaba Group's cloud computing division caused shares of the company, traded on the Hong Kong...
UAE shares jump on possible rail, port deal
After Reuters reported that the United States, Saudi Arabia, India, and other countries are talking about a potential rail and port deal, stock markets...
Rupee continues recovery streak in interbank, open market
The Pakistani rupee continued to appreciate against the US dollar in both the interbank and open markets. Rupee recovery in interbank market: The rupee increased...
Gas tariff to be increased on IMF demand
The International Monetary Fund (IMF) wanted a hefty 45–50% increase in petrol prices from the Pakistani government following the acceptance of relief for power...