Tag: Business News
SBP’s forex reserves fall below $8 billion
The foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $125 million weekly and were at $7.93 billion as of August...
Most Gulf markets in black ahead of Powell’s speech
Ahead of a meeting of central bankers from around the world in Jackson Hole, the majority of stock markets in the Gulf concluded the...
Rupee hits record low of 300 against US dollar
The Pakistani rupee traded at an all-time low of Rs300.37 during morning trade in the interbank market, sending the US dollar to a record...
Pakistani rupee drops to record low against US dollar
In the interbank market on Tuesday, the Pakistani rupee hit a record low against the US dollar as a result of the relaxing of...
Power tariff likely to increase by Rs2.07/ per unit
The Central Power Purchasing Agency (CPPA) has requested the National Electric Power Regulatory Authority (Nepra) to raise the electricity rate by Rs2.07 paisa due...
Most Gulf markets fall as China’s rate cut disappoints
The Qatari index fell the most on Monday as the majority of stock markets in the Gulf finished lower due to investors' disappointment with...