Once again, a decrease in crude oil prices is observed in the global market. Brent futures in the global market dropped by 0.6%, or 49 cents, to $78.39 per barrel, while WTI Intermediate Crude futures fell by 0.6%, or 42 cents, to $73.65 per barrel. A 2% reduction in crude oil prices worldwide ...

Despite successful negotiations with Pakistani authorities in November, the International Monetary Fund (IMF) Executive Board meetings until December 14, 2023, do not include Pakistan on the agenda. The review under the $3 billion stand-by arrangement (SBA) program, following the lender's visit ...

Data released by the central bank on Thursday reveals that the foreign exchange reserves held by the State Bank of Pakistan (SBP) experienced a weekly increment of $77 million. As of November 24, the SBP's foreign currency reserves reached $7.257 billion, marking a notable rise from the $7.180 ...

On Thursday, gold rates in Pakistan remained unchanged, holding steady at Rs221,000 per tola, despite a marginal increase in the international rate, which rose by $2 per ounce. The 10-gram gold price stood at Rs189,472, maintaining parity with the previous closing, as reported by the All Pakistan ...

rephrase this KARACHI: The Pakistani rupee continued to recover against the greenback in the interbank on Thursday, ARY News reported. According to the SBP, the PKR appreciated by Re0.22 and closed at Rs285.17 in the interbank market. The local currency was being traded at Rs286.50 in the open ...

The Oil and Gas Regulatory Authority (OGRA) has officially announced a rise in liquefied petroleum gas (LPG) prices, indicating a Rs3.83 per kg increase. Simultaneously, the domestic cylinder rate has surged by Rs45.18, resulting in new LPG rates of Rs3,007.35 per domestic cylinder. OGRA ...

In Karachi, ARY News reported that the Pakistani rupee sustained its recovery against the US dollar in the interbank market on Wednesday. As per the State Bank of Pakistan (SBP), the PKR gained by Re0.12, closing at Rs285.39 in the interbank market. Forex dealers indicated that the local currency ...

In Islamabad, Pakistan and the United Arab Emirates (UAE) have signed several Memoranda of Understanding (MoUs), facilitating multi-billion dollar investments in diverse initiatives outlined by the Special Investment Facilitation Council (SIFC). The signing ceremony occurred in Abu Dhabi, ...

The Pakistani rupee (PKR) is poised to conclude the year as Asia’s weakest currency, and projections suggest ongoing depreciation in 2024, with BMI Research anticipating a drop to 350 PKR per USD by the end of the following year. Throughout the year, the currency has experienced a substantial ...

In the latest market update on Wednesday, the price of 24-karat gold rose to Rs 217,000 per tola, while the 22-karat variant was listed at Rs 198,917 per tola. Even in smaller quantities, the rates remained elevated, with 10 grams of 24-karat gold priced at Rs 186,043 and 22-karat gold at Rs ...