The State Bank of Pakistan (SBP) has decided to introduce structural reforms in the Exchange Companies’ sector.As part of these reforms, leading banks actively engaged in foreign exchange business will establish wholly owned Exchange Companies to cate…
The Pakistani Rupee (PKR) gained further ground against the US Dollar (USD) in the open market on Wednesday, as the gap with the interbank rate narrowed.At the end of trading, the rupee settled at around 323 for selling and 320 for and buying in the o…
Lucky Motor Corporation Limited (LMCL) has increased the prices of Picanto Automatic, Stonic EX+, Sportage AWD, and Sportage Black Edition. The company hasn’t cited a reason for the hike.It is worth noting that, unlike the last price hike, the company…
The price of gold in Pakistan witnessed a major decline for the consecutive day on Wednesday.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by Rs. 10,500 per t…
The price of gold in Pakistan registered a decline of over Rs. 6,000 per tola on Tuesday to close at Rs. 232,800.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased…
Yamaha has decided to give a late Independence Day gift to the public by increasing bike prices. Much like the previous price hikes, this one is a proper whopper.The previous announcement came in March, while the latest has brought the price of motorc…
Hascol Petroleum Limited has announced its financial results for the three months ended 31 March 2023.The company has posted a massive loss of Rs. 7.1 billion 1QCY23 compared to a loss of around Rs. 2.37 billion in the same period last year, according…
The 4th meeting of Executive Committee of Special Investment Facilitation Council was held in Islamabad with the objective to remove bottlenecks and improve overall investment environment in the country.It was chaired by Caretaker Minister for Plannin…