Category: 3. Business

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $14.4 million during the week ending on  April 12, 2024. According to the latest data shared by the SBP, with an uptick of $14.4 million, total reserves held by the central bank reached $ 8.054 billion while commercial banks in the country…

Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. The Alphabet unit said a small number of protesting employees entered and disrupted work at a few unspecified office locations. “Physically impeding other employees’ work and preventing them from accessing our…

Bitcoin halving is going to occur soon. — Unsplash/File The Bitcoin halving is anticipated to occur on Friday or Saturday. This involves halving the number of newly issued Bitcoin that is created around every 10 minutes, according to Investopedia. The incentive for Bitcoin miners and the rate at which new Bitcoins are issued will both…

Suzuki Wagon R Latest Price in Pakistan & Features – April 2024 The Suzuki Wagon R has been a popular choice among car enthusiasts in Pakistan due to its compact design, fuel efficiency, and affordability. Let’s delve into the price range and key specifications of this versatile vehicle. Engine and Performance The Suzuki Wagon R…

The US Dollar (USD) drifted higher on Thursday as a mixed batch of U.S. data did little to shake views that the economy is still on solid ground, suggesting the Federal Reserve will likely delay the timing of its first rate cut since 2020 to later this year. Comments from New York Fed President John…

KARACHI: The State Bank of Pakistan reported an increase in imports and recorded the trade deficit by 34 percent on Monthly basis, ARY News reported on Thursday. As per the data released by the SBP, Pakistan export goods worth $2.57 billion in March, while imported goods worth of $4.87 billion in the same month. The…

ISLAMABAD, Apr 18 (APP): Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the first quarter of 2024 posting 14 per cent revenue growth Year-on-Year basis to Rs 49 billion, mainly driven by strong performance in the consumer segment led by fixed broadband, mobile data, and wholesale & business solutions. The announcement was…

KARACHI: Pakistan’s central bank chief said on Thursday that the deceleration in inflation in the South Asian nation was broad-based, reflecting the combined impact of monetary tightening and fiscal consolidation. Jameel Ahmad was speaking to international investors on the sidelines of the IMF, World Bank spring meeting in Washington. He said inflation had fallen sharply…

KARACHI, Apr 18 (APP):Governor State Bank of Pakistan (SBP) Jameel Ahmed highlighting country’s substantial improvements in macroeconomic outlook hoped that time bound reforms will put the economy on the path of sustainable economic growth. Governor SBP expressed the views during his meetings with key international investors during multiple events organized by leading global banks and……

Gold prices drops in Pakistan – Check latest rate here Gold prices in Pakistan dropped by Rs1,700 per tola on Thursday after registering gains in three previous sessions to hit all-time high level. The price of gold dropped to Rs250,200 per tola compared to the previous day’s rate of Rs251,900 per tola, marking a decrease…