
PSX Experiences Significant Decline Amid Pakistan-Iran Escalation
Amid the escalating tensions between Pakistan and Iran, the Pakistan Stock Exchange (PSX) witnessed a significant decline on Thursday, with a fall of over 1,000 points.

Amid the escalating tensions between Pakistan and Iran, the Pakistan Stock Exchange (PSX) witnessed a significant decline on Thursday, with a fall of over 1,000 points.

Pakistan has successfully obtained a $700 million tranche of the loan from the International Monetary Fund (IMF) as part of the nine-month Stand-By Arrangement (SBA).

Consumers are anticipated to face another hike in electricity rates, potentially surging by up to Rs5.62 per unit due to fuel cost adjustments (FCA) for December 2023

Officials recently met at the Torkham border, deciding that passports and visas should be mandatory for commercial vehicle drivers from both Afghanistan and Pakistan.

The National Savings Pakistan Prize Bond Schedule for the year 2024 commences from January 1, 2024, and extends until December 15, 2024.

In Tehran, Pakistan’s Ambassador to Iran, Mudassar Tipu, has conveyed the joint commitment of Islamabad and Tehran to elevate their bilateral trade to five billion dollars.

Today, on January 15, 2024 (Monday), the National Savings Division’s Sialkot office conducted the draw for Prize Bond Rs750, denoted as draw number 97.

During the morning trade in the interbank market on Monday, the Pakistani rupee displayed a positive trend against the US dollar, marking an upward trajectory. In the initial hours of trading, the local currency recorded a gain of 0.21% against the greenback.

Once again, trade at the Pak-Afghan border faced a standstill as officials engaged in a dispute over visa regulations.

In a landmark development, the inaugural shipment of dried red chilies from Pakistan has reached China, marking an expansion in agricultural collaboration between the two close allies.

The interim government of Pakistan is anticipated to announce a further reduction in petrol and diesel prices for the second half of January, considering fluctuations in global prices and variations in the local currency.

The interim federal government has opted to implement restrictions on onion exports, attributing the decision to the persistent surge in onion prices, according to insider sources. To deter onion exports