Business

The US dollar later days of hike in interbank and open market saw a drop beside rupee on Tuesday amongst government and SBP’s declaration that the country will have enough funds for FY2022-23 after receiving IMF tranches. Rendering to forex dealers, the US dollar shed Rs0.94 in the interbank and is presently being traded at Rs237.90. The banks are selling the greenback at Rs238.50.

Federal government on Sunday a decrease in the price of petrol by Rs3.05 per litre for the first 15 days of August 2022. According to the announcement issued by the Finance Division, the government has reduced petrol price by Rs3.05 per litre and light diesel oil by Rs12 per litre.

US dollar after days of hike in open market saw a drop beside rupee on Monday subsequently it shed Rs3. Conferring to forex dealers, the US dollar shed Rs0.37 in the interbank and traded at Rs239.37 as the banks are still selling the greenback at Rs243. In open market, after stirring the Rs250 mark, the US dollar weakened to Rs247.

British energy giant Shell said Thursday that its net profit risen more than five-fold to $18 billion in the second quarter, fueled by increasing oil and gas prices, and rewarded shareholders with another bumper buyback.

KARACHI: The per tola gold rate on Saturday documented an increase of Rs1300 in the domestic market, ARY News reported.

The prices of petroleum products are likely to decline by up to Rs11 per litre for the next fortnight primarily because of lower international oil prices

(NEPRA) has agreed a decision to rise the power tariff once again. As per NEPRA’s decision, power tariff was amplified by 50 paise per unit. The approval was given by NEPRA for the third quarter of the financial year 2021-22.

There is a probability of upsurge in the prices of petroleum products in the country, for...

The rupee’s freefall sustained on early Friday beside the US dollar in the interbank.Rendering to the State Bank of Pakistan (SBP), the rupee rose by Rs0.57 in the interbank and traded at Rs239.37.

Indus Motor Company, the manufacturers and assemblers of Toyota brand vehicles in Pakistan, has prolonged the delivery date of vehicles by three months mentioning the existing economic crisis prevailing in the country.