Business

APP Islamabad: The price of 24-karat gold per tola recorded a decrease of Rs.900, settling at Rs.283,400 on Monday, down from Rs.284,300 on the previous trading day. The rate for 10 grams of 24-karat gold also dropped by Rs.771,…

APP Karachi: The Exchange Companies Association of Pakistan has released the following opening rates for foreign currencies in the kerb market: Currency Buying Selling Inter Bank (PKR/USD) 277.50 277.60 USD 276.70 278.65 EURO…

AFP Beijing: Apple's iPhone sales in China saw a slight decline of 0.3 percent in the third quarter of 2024, while rival Huawei experienced a significant surge, with sales jumping 42 percent. This shift intensifies the competition in the…

AFP/APP New York: Wall Street stocks closed mostly higher on Thursday, buoyed by strong results from Tesla and a pullback in US Treasury bond yields. Tesla surged nearly 22 percent after reporting higher earnings, ending a streak of…

APP Islamabad: Pakistani rupee on Thursday depreciated by 12 paisa against the US dollar in the interbank trading and closed at Rs277.84 against the previous day’s closing of Rs277.72. However, according to the Forex Association of…

APP Islamabad: The Pakistan Stock Exchange (PSX) continued its bullish trend for the fourth consecutive day, with the 100-Index reaching a historic high of 88,945.99 points on Thursday. The index gained 1,751.45 points, reflecting a 2.01…

AFP/APP New York: European and US stock markets experienced a downturn today as investors shifted their focus to corporate earnings, rising bond yields, and economic prospects for the US and China. The dollar strengthened against major…

AFP/APP New York: Tesla shares experienced a significant boost on Wednesday after the company reported a 17% increase in third-quarter profits, reaching $2.2 billion. This profit growth was attributed to a rise in auto sales and…

APP Karachi: The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. CONVERSION RATES FOR OCTOBER 23, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR…

AFP/APP Washington: Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, according to the International Monetary Fund (IMF), which released its latest World Economic Outlook (WEO) report on…