BRICS: US dollar suffers massive blow as India-Russia local trade reaches record high

BRICS trade hits new record as US Dollar takes big hit. — Global Finance Magazine/File The United States dollar suffers yet another blow as the BRICS countries’ unilateral trade has reached a record high. According to the Emirates News Agency, economic exchanges between two of the most well-known countries in the bloc have surpassed $50 […]

New high speed rail to connect Portugal, Spain in only three hours

These two European cities to get connected via a new train line. — New Atlas/File The Portuguese government has approved plans for a new high-speed train line between two of the biggest tourist destinations, Portugal and Spain, Express reported. The capital cities of these two European countries welcome thousands of tourists every year. Currently, the […]

Pakistan stocks hit record high just shy of 74,000 points

Pakistani traders stand beneath an electronic board displaying share prices at the Pakistani Stock Exchange (PSX). — INP/File  KARACHI: Stocks on Monday briefly breached 74,000 points barrier amid reports Pakistan may sign a deal with International Monetary Fund (IMF) for a new four-year programme of up to $8 billion by end-July, traders said, but managed […]

Downside risks for Pakistan remain exceptionally high: IMF | The Express Tribune

Downside risks for the economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report, ahead of government talks with the fund on a longer-term programme. An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, ahead of Islamabad beginning its annual budget-making […]

RDA inflows at 19-month high | The Express Tribune

KARACHI: The foreign currency investment made by overseas Pakistanis through the Roshan Digital Account (RDA) reached a 19-month high at $182 million in March 2024, which indicated an increase in confidence of expatriate Pakistanis in the national economy. According to the State Bank of Pakistan’s (SBP) data, the inflows increased by 29% to $182 million […]

Stocks soar to new high above 72k | The Express Tribune

KARACHI: Bulls made a comeback at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index touched a new peak above the 72,000-point mark over improved economic prospects. Earlier, trading began on an optimistic note and the KSE-100 index hit the intra-day high of 72,414.32 points in the initial hours as investor confidence returned […]

PSX hits all-time high of 72,051 points on economic hopes

Stockbrokers monitor the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2022. — APP KARACHI: Pakistan stocks hit another record high by surpassing the 72,000 point mark as investors cheered a major recovery in foreign exchange reserves amid hopes of a cut in the key […]

C/A surplus hits 9-year high | The Express Tribune

KARACHI: Pakistan’s current account balance made history by hitting a nine-year high surplus of $619 million in March 2024. This reduced the cumulative current account deficit to $508 million in the first nine months of the fiscal year 2023-24. The country has maintained a surplus in the current account for the second consecutive month in […]

Amazon stock hits all time high making Jeff Bezos $3.3bn richer

Jeff Bezos wealth surges to $210 billion. — The Seattle Times/File For the first time since July 2021, Amazon stock prices hit all time high making billionaire Jeff Bezos $3.3 billion richer, Forbes reported. On Thursday, the e-commerce company’s share price increased by 2% to $190 per share. It is now less than 2% away […]

Gold surges to new historic high | The Express Tribune

KARACHI: The price of gold soared to a new historical high of Rs247,600 per tola (11.66 grams) in Pakistan, aligning with global trends. This surge occurred as the domestic currency remained relatively stable, hovering near a one-week low at Rs277.94 against the US dollar in the interbank market ahead of the Eid holidays. Gold has […]

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