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Dollar Rate Increases by 6 Paisa in Interbank Market Today, the value of the dollar in the interbank market increased by 6 paisa, closing at 277.85 rupees. The dollar had previously closed at 277.79 rupees yesterday. Throughout October, the dollar has become 14 paisa more expensive in the interbank market, with its rate at 277.71…
The Federal Board of Revenue (FBR) has released the notification of official property rates in 56 major cities. Property rates rose by about 5 percent to equal 80 percent of the market rate. The old rates of 11 cities including Karachi, Lahore, Islamabad, Rawalpindi are currently maintained. Certain changes in FBR were made under the…
Petrol and diesel prices in Pakistan could see a decrease of Rs2 to Rs3 per litre starting November 1, 2024, reflecting the recent dip in global oil prices. This potential price adjustment aligns with the fortnightly fuel price revision implemented by the Pakistani government.Recent data indicates a slight drop in the international average prices of…
IMF Predicts Decline in Inflation and Unemployment in Pakistan for FY 2024-25 The International Monetary Fund (IMF) has forecasted a decrease in inflation and unemployment in Pakistan for the current fiscal year, 2024-25, according to its World Economic Outlook 2024 report. The IMF projects that the average inflation rate in Pakistan will stand at 9.5%…
Here’s the story of a man in China who’s been making waves: After his girlfriend broke up with him, citing his financial struggles as the reason, he decided to channel all his energy into growing his business. Instead of being crushed by the breakup, he used it as motivation to push himself harder, learning the…
Islamabad: The International Monetary Fund (IMF) has predicted a continuous decrease in inflation in Pakistan. In a report, the IMF has estimated the average inflation in Pakistan to be in single digits for 5 consecutive years. The IMF has predicted that inflation will remain lower than the government’s target this fiscal year. The IMF expects…
Pakistan Stock Exchange Hits Record High of 86,513 Points Amid SCO Summit in Islamabad Islamabad: As the Shanghai Cooperation Organization (SCO) summit takes place in Islamabad, the Pakistan Stock Exchange (PSX) reached a historic peak. The PSX 100 Index surged to an all-time high of 86,513 points, marking a gain of 603 points from the…
Ammar Hassan, Former VP at Daraz, Launches BuyPass.ai to Revolutionize eCommerce Muhammad Ammar Hassan, the former Vice President of Growth at Daraz, has announced the launch of his new venture, BuyPass.ai, where he will serve as Founder and CEO. With over 15 years of experience in the corporate sector, particularly in scaling large tech companies,…
KARACHI: Hexalyze, one of Pakistan’s leading IT exporters, made its first appearance at the prestigious Singapore Tech Week (STW) under the banner of “TechDestination Pakistan.” This debut highlights the company’s efforts to expand its reach into new international markets, particularly in the ASEAN region, with Singapore as the key gateway. Pakistan’s IT Industry Expands in…
Chris Larsen, the co-founder of Ripple, has made headlines with his first recorded cryptocurrency donation. According to a report by Odaily, Larsen donated $1 million worth of XRP, Ripple’s native cryptocurrency, to Future Forward USA. This political action committee (PAC) is known for supporting Vice President Kamala Harris. Fox Business journalist Eleanor Terrett broke the…
