Business

The Forex Association of Pakistan (FAP) released rates on Thursday that indicated the rupee had lost Rs1.78 in early trade on the interbank market. The dollar was trading at roughly Rs225.20 at 11:26 a.m., down from yesterday’s closing rate of Rs223.42. The dollar appreciated by Rs2 versus the rupee during …

COVID-19 restrictions in China sparked concerns of a worldwide economic crisis and decreased gasoline consumption, the world’s largest petroleum importer and anticipation of more interest rate rises. On Wednesday, oil prices dropped more than $1 to their lowest point since before Russia invaded Ukraine. At 0420 GMT, Brent oil futures …

On Wednesday, US economic statistics supported the belief that the Federal Reserve would continue its aggressive policy tightening, and the dollar rose to a 24-year high against the yen. Despite actions taken by authorities to stop its drop, the Chinese yuan fell to a two-year low and was about to …

The Forex Association of Pakistan (FAP) reports that at 11:58 a.m., the rupee was trading at Rs222.50 per US dollar on the interbank market. The dollar has been strengthening internationally for weeks, according to Saad bin Naseer, director of Mettis Global, a financial data and analytics platform, and this trend …

Islamabad: The National Power Parks Management Company Ltd. (NPPMCL) application to expedite transaction-related items was unanimously accepted by the Board of Privatization Commission (PC) on Monday. One of the leading state-owned businesses (SOE) on the list of active privatizations, NPPMCL, was one of the topics discussed at the PC board meeting, …

The New York City Medical Examiner’s Office said on Monday that the death of Bed Bath & Beyond Inc.’s chief financial officer, who fell from the “Jenga” tower, a Tribeca skyscraper in New York, on Friday afternoon, had been determined to be a suicide. As per the office, 52-year-old Gustavo …

Tuesday saw a little decline in oil prices, reversing gains from the previous session, as an agreement by Opec+ to reduce production by 100,000 barrels per day in October was seen as mostly a symbolic action to support prices after the recent decline in the market. By 0354 GMT, Brent …

For the first time in over two decades, the euro dropped below 99 cents, and on Monday, worries about rising energy costs and supplies caused the pound to plummet. Russia had stopped supplying gas via its major pipeline to Europe. In Asia trading, the euro fell to $0.988, its lowest …

Investors were anticipating probable actions by Opec+ producers to reduce production and boost prices at a meeting later that day, which may lead to oil prices jumping above $1 per barrel on Monday. By 0345 GMT, after a 0.7 percent increase on Friday, Brent oil futures had climbed $1.88, or …

Most companies now acknowledge the importance of diversity and the need for more parity between the sexes in the workplace. On its own, this is a success. But let’s be honest: it seems a little empty. The average percentage of female workers in Pakistani companies is about 21%. Of this …