Business

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/APPNew 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/APPNew 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…

APPKarachi: 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…

APP Islamabad: The price of 24-karat gold increased by Rs.1,100, reaching Rs.283,400 per tola on Tuesday, according to the All Sindh Sarafa Jewellers Association. The price of 10 grams of 24-karat gold also rose by Rs.943 to Rs.242,970,…

APP Karachi: Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday. CURRENCY              SELLING          BUYING               USD                                …

AFP/APPHong Kong: Most Asian markets closed lower on Tuesday, reacting to a negative lead from Wall Street fueled by profit-taking and uncertainties surrounding the outlook for U.S. interest rates.Traders were particularly cautious…