The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 279.88, a gain of Re0.22 against the greenback. On Monday, the local unit closed at 280.10. Internationally, the US dollar retreated for a second day in Asian trading on Tuesday, as market jitters
Oil prices fell on Tuesday as traders weighed the prospect of higher Venezuelan crude output following the US capture of President Nicolas Maduro, adding to expectations of ample global supply this year amid weak demand. Brent crude futures fell 0.2% to $61.62 a barrel by 0103 GMT while US West Texas Intermediate crude was at $58.15 a barrel, down 0.3%. “I think if the Trump playbook even pa
There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index etching new records, hitting the 178,000 level for the first time during the opening hours of trading on Friday. At 11:05am, the benchmark index was hovering at 178,715.38, an increase of 2,359.89 points or 1.34%. Buying interest was observed in key sectors, including automobile assemblers,
Pakistan’s total liquid foreign exchange reserves stood at USD 21.012 billion as of December 26, 2025, showing a marginal decline from USD 21.023 billion recorded a week earlier on December 19, according to statistic released by the State Bank of Pakistan (SBP). The reserves position reflected a mixed trend during the week. Foreign exchange reserves held by the SBP rose by USD 13 million to USD
Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of Rs 15 billion (approximately USD53 million) into the Bank, one of the largest equity injection transactions in the industry. The capital injection is intended to support U Bank’s sustained growth trajectory and the development of its digital banking