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Petrol dealers seek hike in commission, threaten to go on strike

The Pakistan Petroleum Dealers Association (PPDA) on Sunday announced that it would be going on a nationwide strike as of July 18, shutting down petrol...

Pakistan’s trade deficit rises to new record in outgoing fiscal

Pakistan’s trade deficit ballooned to an all-time high of $48.66 billion in the outgoing fiscal year from $30.96bn a year ago, indicating an increase...

Ecommerce startup 24SEVEN raises $6 million

Ecommerce startup 24SEVEN has raised $6 million in a Pre-Series A round to grow its platform Apni Dukan, co-founder and CEO Jarrar Shah told...

Weekly review: Fertilizer stocks lift KSE-100 to close in green

The stock market traded in the green zone on Friday, thanks to index heavyweight fertiliser shares that rose on an increase in retail prices. Arif...

Pakistan’s auto industry facing downturn in coming year

Auto industry of Pakistan is prepared for a major downturn in the coming year, as rupee depreciation, increased taxes, and rising fuel prices all...
Pakistan amounts highest $8bn remittances in July-Sept

Pak rupee continues gaining strength against US dollar

The rupee continued to extend gains against the US dollar in interbank trade on Thursday morning, appreciating more than Re1 — a development that...

Inflation likely to go past 15% in new fiscal year, warns finance ministry

Hinting at a further increase in the policy rate by the State Bank of Pakistan, the Ministry of Finance anticipates ‘blurred growth prospects’ for...

PSX under selling pressure for 2nd successive day, loses over 400 points

The selling pressure that started in the Pakistan Stock Exchange on Tuesday continued on Wednesday due to profit-booking ahead of the financial year closing.  The...

US dollar depreciation continues against Pak rupee, falls by 1.25

The US dollar continues losing ground against the rupee in interbank trading on Wednesday morning as it fell by more than one rupee. According to...

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