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Business & Finance

State bank of Pakistan hike interest rate by 17 Percent

January 24, 2023 by WEB DESK
State bank of Pakistan

(Infosette News) KARACHI: The State Bank of Pakistan (SBP) raised the monetary policy rate by 100 basis points to 17 percent on Monday in an effort to curb …

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Categories Business & Finance

Genesis Crypto firm’s lending unit declared US bankruptcy

January 20, 2023 by WEB DESK
Genesis Crypto

Due to a market crash that also brought down lenders BlockFi and exchange FTX, the lending division of the cryptocurrency company (Genesis Crypto) filed for bankruptcy protection in …

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Categories Business & Finance

USD to PKR: US Dollar Rate in Pakistan on 20 January 2023

January 20, 2023 by WEB DESK
USD to PKR US Dollar Rate in Pakistan on 20 January 2023

USD to PKR: The Pakistani Rupee (PKR) continues to slide down against the US Dollar (USD) as the latter further surged by 24 paise on Thursday, appreciating 0.10 …

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Categories Business & Finance

Bearish US Data, Crude Stocks Build, Oil $1 Down

January 19, 2023 by WEB DESK
Crude Stocks

Fears of a recession caused oil futures to drop as much as $1 on Thursday. A dramatic loss in U.S. retail sales and factory production clouded the outlook …

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Categories Business & Finance

History of 1 USD to PKR in 1947 | Historical Review

January 18, 2023January 18, 2023 by WEB DESK
1-USD-to-PKR-in-1947

How much was 1 USD to PKR in 1947? At a time when the Pakistani Rupee is experiencing its lowest exchange rate against the US dollar, people are …

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Categories Business & Finance

Oil Shortage concern, Oil Companies made a letter to Govt

January 15, 2023 by WEB DESK
Oil Shortage

A recent import restriction by the Federal Govt of Pakistan on various items many LCs stuck due to this ban. An Oil shortage also occurred in this situation. …

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Categories Business & Finance

Bitcoin jumps high crossed above 20,000 Dollars

January 15, 2023 by WEB DESK
Bitcoin

For the first time in over two months, the price of bitcoin surpassed $20,000 on Saturday. The biggest and most well-known cryptocurrency in the world, Bitcoin, gained $922 …

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Categories Business & Finance

Gold prices as of today – hike in Pakistan by 5,000 per tola

January 14, 2023 by WEB DESK
Gold prices as of today

In comparison to the previous trading day, the price of 24-carat gold per tola increased by Rs 5,000 on Friday, selling for Rs 186,100. The cost of 10 …

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Categories Business & Finance

Auto Sector downfall in Pakistan, car sales decrease by 39% in 6 months of new Govt

January 13, 2023 by WEB DESK
Auto Sector

For Pakistan’s auto sector, experts anticipate a challenging first half of 2023. According to the most recent data provided by the Pakistan Automobile Manufacturing Association, the number of …

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Categories Business & Finance

The SECP registered 2000+ new companies in December 2022

January 13, 2023 by WEB DESK
SECP

In December 2022, 2,374 new businesses were registered with the Securities and Exchange Commission of Pakistan (SECP). There are currently 183,744 firms that are registered in total. According …

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Categories Business & Finance
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