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Business
PSX Witnesses Bullish Trend, Gains 106 Points
APPIslamabad: The Pakistan Stock Exchange (PSX) 100-index saw a bullish trend on Tuesday, gaining 106.85 points, a positive change of 0.14 percent, and closing at 77,191.34 points against 77,084.49 points on the last working day.The…
Currency Rates of NBP
APPKarachi: Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP) on Monday.CURRENCY SELLING BUYING USD 281.08…
Gold Prices Spike By Rs 2400 Per Tola In Local Market
News DeskIslamabad: The price of 24 karat gold per tola increased by Rs 2,400, reaching Rs 257,300 on Friday, up from Rs 254,900 on the previous trading day.According to the All Sindh Sarafa Jewellers Association, the price of 10…
US Tech Giants Navigate AI Investments Amid Market Volatility
News DeskSan Francisco, California: US IT titans witnessed their shares fluctuate this week as investors tried to predict whether artificial intelligence (AI) will fill coffers or drain them.While staying on the cutting edge by…
Amazon Quarterly Profit Doubles as Cloud Business Grows
AFP/APPSan Francisco: Amazon reported on Thursday that its profit for the recently ended quarter doubled to $13.5 billion, buoyed by the renewed momentum of its AWS cloud computing business.Despite this impressive profit increase,…
Mobilink Bank Launches Incubator Program To Boost Women Entrepreneurs
APPIslamabad: Mobilink Bank is set to empower 25 women entrepreneurs through its groundbreaking Women-Led Incubator Program (WIN).This initiative aims to equip participants with essential skills in key business areas, including…
Rupee Sheds 09 Paisa Against Dollar
APPIslamabad: Pakistani rupee on Wednesday depreciated by 09 paisa against the US dollar in the interbank trading and closed at Rs 278.74 against the previous days closing of Rs 278.65.However, according to the Forex Association of…
Samsung Electronics’ Q2 Operating Profits Soar to $7.5 Billion
AFP/APPSeoul: Samsung Electronics reported a remarkable 15-fold increase in operating profits for the second quarter, reaching $7.5 billion. This surge is attributed to the rebound in chip prices and the growing demand for generative AI…
Microsoft Cloud Unit Misses, Dulls Bright Earnings
AFP/APPSan Francisco: Microsoft shares slipped Tuesday after the tech giant reported a quarterly profit increase, but its crucial cloud computing unit missed expectations.Microsoft reported a profit of $22 billion on $64.7 billion…
Rupee Declines, British Pound & Gulf Currencies Strengthen
APPIslamabad: The Pakistani rupee value fell by 15 paisa against the US dollar in interbank trading on Tuesday, closing at Rs 278.65 compared to the closing of Rs 278.50 on previous day.According to the Forex Association of Pakistan…