Businessmen fear hefty job losses | The Express Tribune

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh, while expressing deep concern over the rising cost of doing business due to unbearable energy tariffs, has voiced fears that the day is not far when thousands of jobless people will take to the streets to protest against the government’s policies. Without taking […]

PSX bleeds for second day; total post-poll losses top 3,000 points

Stockbrokers monitor the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2022. — APP KARACHI: The Pakistan Stock Exchange (PSX) was crushed by another panic-selling spree on Monday, posting its ninth-highest day-on-day (DoD) loss, as investors gasped for clarity on the country’s political and economic […]

PSX recovers from historic losses, regains over 1,600 points

Stockbrokers monitor the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2022. — APP KARACHI: A day after suffering from the highest single-day decline, the Pakistan Stock Exchange (PSX) bounced back and gained over 1,600 points on Wednesday.  The benchmark KSE-100 index gained 1692.65 points or […]

IMF seeks fresh report on state-owned enterprises losses

A view of the IMF headquarters. — AFP The International Monetary Fund (IMF) has sought from the Finance Ministry a fresh report on losses incurred by state-owned enterprises, sources told Geo News on Monday. According to the sources, the global fund’s mission — currently visiting Pakistan to review the loan tranche — has refused to […]

Rupee extends losses against US dollar in interbank

A man is counting US dollars in this representational image. — AFP/File The local currency depreciated against the US dollar for the second consecutive working day on Wednesday, closing at Rs294.93 in the interbank market. The rupee fell by Rs3.24 against the US dollar in the interbank market. A day earlier, the rupee closed at […]

Gold extends losses in Pakistan, price falls by Rs200 per tola

An undated image of gold jewellery showcased in a jewellery store. — AFP/File KARACHI: The gold price in Pakistan on Thursday continued to decrease for the fifth consecutive session in line with the developments in the international market and the rupee’s appreciation against the dollar.  The price of gold (24 carats) decreased by Rs200 per tola […]

Gold price in Pakistan witnesses nominal losses

An undated image of a gold set displayed at a jewellery store. — AFP/File KARACHI: The price of gold in Pakistan decreased in the third consecutive session in line with the local currency’s nominal gains against the dollar on Tuesday.  The price of gold (24 carats) decreased by Rs200 per tola and Rs171 per 10 […]

Gold price in Pakistan registers losses

An undated image of gold jewellery displayed at a store. — AFP/File Gold rate in the local market fell by Rs2,500 per tola after the rupee recovered, prompting investors to shift focus towards riskier assets, breaking the precious commodity’s three-session winning streak. The gold rate (24 carats) fell by Rs2,500 per tola and Rs2,142 per […]

Pak Suzuki posts staggering losses of Rs6.3b | The Express Tribune

KARACHI: Pak Suzuki Motor Company (PSMC) has reported a significant loss of Rs6.3 billion, with outstanding foreign liabilities of $184 million, for the year ended December 31, 2022. According to a notice sent to the Pakistan Stock Exchange (PSX) on Monday, “The company has outstanding foreign liabilities equivalent to $184 million at year end December […]

Gold continues to shine as rupee registers losses

An undated image of a goldsmith showing a necklace to a customer. — AFP/File Amid a delay in the revival of the International Monetary Fund (IMF) programme, the rupee resumed its downtrend which pushed the price of gold upwards in Pakistan. The price of gold (24 carats) rose by Rs500 per tola and Rs428 per […]

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