Business

The buying rate of the US dollar was Rs159.5 while it was sold at Rs160.5 at the opening of trading. Photo: Geo. tv/File KARACHI: The buying rate of the US dollar was Rs159.5 while it was sold at Rs160.5 at the opening of trading in Pakistan?s currency market on Saturday, November 28.

ISLAMABAD: The federal government has disbursed an amount of Rs299.70 billion for various uplift schemes to date under its Public Sector Development Programme (PSDP) 2020-21. According to details released by the Ministry of Planning and Development, a cumulative sum of Rs198.34 billion was released to federal ministries, Rs76.46 billion to corporations, Rs24.14

KARACHI: The Pakistan Steel Mills (PSM) on Friday sacked its 4,544 employees and sent their termination letters via post, ARY NEWS reported quoting a spokesman of the mills. The PSM spokesman said that they had prepared a list of the employees who have been sacked and included from separate cadres including teachers, drivers, fireman, operators, health and security staffers, SEDGMs, managers and others.

KARACHI: The per tola gold price witnessed an increase of Rs350 to Rs110,650 in the domestic market on Friday, ARY News reported. Likewise, the rate of 10 grams of the precious metal increased by Rs300 to Rs94,864 according to the All Pakistan Jewelers Association. In the international market, gold witnessed a decrease of $6 and was traded at $1,806 per ounce.

BRUSSELS/LONDON: The European Union and Britain said on Friday there were still substantial differences over a Brexit trade deal as the EU chief negotiator prepared to travel to London in a last-ditch attempt to avoid a tumultuous finale to the five-year Brexit crisis. With just five weeks left until the United Kingdom finally exits the EU’s orbit on Dec.

The buying rate of the US dollar was Rs158.75 while it was sold at Rs159.75 at the opening of trading. Photo: Geo. tv/File KARACHI: The buying rate of the US dollar was Rs158.75 while it was sold at Rs159.75 at the opening of trading in Pakistan?s currency market on Friday, November 27.

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $484 million to $13.4 billion during the week ended on the 20th of November, ARY News reported.   According to the data released by the central bank, net reserves held by the SBP stood at $13,415.5

PARIS: Global aviation heavyweights led by airline body IATA are pushing to suspend airport slot access rules until October 2021, a document seen by Reuters showed, while giving some ground to budget carriers angered by measures they deem anti-competitive. The draft proposal to be issued jointly by IATA, airports body ACI and slot coordinators, calls on regulators to extend the current waiver of rules requiring airlines to use 80% of their take-off and landing windows or else cede some to rivals.

KARACHI: Shopkeepers, businesses continue to carry out their dealings later into the evening on Tuesday despite Sindh government orders yesterday to end all business activities by 6 pm amid the second wave of Covid-19, ARY News reported. According to ARY News, business centres and markets across Hyderi, Pakistan Chowk, Burns Road, Jama Cloth Market, and in the periphery remained blatantly open even after 7 pm while the new SOPs rolled out the other day direct 6 am to 6 pm timings READ: Sindh traders oppose reduced shop timings, vow resistance It may be noted that earlier today, the Sindh Tajir Ittehad Chairman Jameel Paracha rejected the Sindh government’s decision of allowing businesses and markets to open from 6 am to 6 pm.

A single tola of 24-karat gold in Pakistan was sold at Rs110,500. Photo: Geo. tv/File KARACHI: A single tola of 24-karat gold in Pakistan was sold at Rs110,500 on Tuesday at the closing of trading in the bullion market after the price of the precious metal decreased by Rs2350 during the intra-day trading.