[ad_1] A representational image of gold bars. — Reuters/File Gold price settles at Rs143,100 per tola. Cumulatively, gold loses Rs1,950 per tola in last two sessions. Silver prices in domestic market decline…
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Oil slips as recession fears outweigh tight supply prospects
[ad_1] An OPEC flag is seen on the day of OPEC+ meeting in Vienna in Vienna, Austria October 5, 2022. — Reuters Fed’s Evans: close alignment on rate hikes. Dollar up ahead…
Cash-strapped Pakistan expected to receive $4bn from int’l institutions
[ad_1] A representational image of dollar stacks. — Reuters/File Pakistan has received additional external flow commitments worth $4bn from ADB, AIIB, UN, and World Bank. SBP chief assures market IMF programme is on…
PSX reverses trend, falls by nearly 60 points
[ad_1] A representational image of a digital stock board. — Reuters/File Looming uncertainty dampened investor sentiment. KSE-100 index closes at 42,155.48 points. Shares of 341 companies were traded during the session. KARACHI:…
India will weigh what Russia has to offer on Sakhalin-1 ownership revamp
[ad_1] An aerial view shows the Yastreb (Hawk) land rig at Sakhalin-1’s Chaivo field, some 1,000 km (621 miles) north of Yuzhno Sakhalinsk October 10, 2006. — Reuters/File Petroleum minister says India maintains…
China tech shares sink as US hobble’s industry with new export rules
[ad_1] Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.— Reuters Shares in Chinese tech giants as well as in chipmakers slumped….
Uber discontinues services in five Pakistani cities, only to operate in Lahore
[ad_1] A representative image. Uber will no longer be available in Karachi, Multan, Faisalabad, Peshawar and Islamabad. Uber says it “remains committed to Pakistan” and will continue to serve five cities with…
Rupee’s clawback against dollar persists, closes at 217.79
[ad_1] A man counts Pakistani rupee notes. — Reuters/File Rupee appreciates for 13th consecutive session against dollar. Local unit closes at Rs217.79 per dollar. Expert says rupee’s winning streak in line with market’s…
Remittances stay above $2bn despite month-on-month decrease of over 10%
[ad_1] A representational image of US dollars. — Reuters/File Remittances decline by 12.3% (year-on-year) to $2.4 billion in September. This was 28th successive month in which receipts remained above $2bn. Saudi Arabia…
Gold claws back lost ground after Monday’s slide
[ad_1] A representational image of gold bars and coins. — Reuters/File Gold price settles at Rs144,850 per tola and Rs124,143 per 10 grams. Investors resume taking fresh positions after clarity on SBP’s monetary…