Business

The price of yellow metal has plummeted as it comes under pressure. According to new data from the All-Pakistan Sarafa Gems and Jewellers Association, the price of gold (24 carats) has dropped by Rs9,900 per tola.

The Pakistani rupee has continued its free fall against the US dollar and is set to cross the major interbank market barrier of 300 for the first time in history.

Bloomberg reported on Thursday that the International Monetary Fund (IMF) will “continue engagement with the government on the loan despite the ramp-up in political tensions.”

Yamaha’s flagship bike – YBR 125G – is expected to get a new color soon, a photo circulating on social media platforms has revealed.

According to The News, the World Bank has linked the approval of the second RISE-II (Resilient Institution for Sustainable Economy)

Mobilink Bank (MMBL) released its financial results for the first quarter of 2023, demonstrating strong business resilience in the face of difficult economic conditions. The bank’s unaudited financial statements show a staggering 48% increase in revenue.

The Bank of China has opened a Letter of Credit (LC) for Pakistan’s Russian oil imports. Government officials indicated last month that negotiations to acquire Russian petroleum at a reduced price were nearing completion, and two weeks later, the government officially ordered its first cargo, according to the Express Tribune.

Shell Pakistan Limited’s (SPL) Board of Directors announced the company’s first-quarter results on May 4, 2023.