The Pakistan Stock Exchange (PSX) continued its upward trajectory, with the KSE-100 Index crossing the historic 90,000-point mark for the first time on Friday. KSE-100 Index: By 3:55 pm, the index stood at 90,156.34, showing an increase of 1,210.36 points or 1.36%. It peaked at 90,593.61, marking its highest intra-day level to date. Investors showed significant interest in key sectors, especially stocks from automobile manufacturers, commercial banks, fertilizers, and oil and gas exploration companies. Major stocks like OGDC, PPL, SSGC, NBP, and MEBL were all in the green, boosting overall market optimism. This positive trend is driven by favorable economic…
Author: Raja Zahid Khanzada
The US dollar rate in Pakistan increased by 0.4 paisa, reaching Rs278.66 in the interbank market, according to the State Bank of Pakistan (SBP). US Dollar Rates: Interbank Rate: Rs278.66 Open Market Buying Rate: Rs278.60 Open Market Selling Rate: Rs280.10 Other Currency Rates: Euro: Increased by Rs2.45, closing at Rs290.30 British Pound: Increased by Rs2.74, closing at Rs349.81 Japanese Yen: Remained unchanged at Rs1.76 Emirates Dirham: Increased by 1 paisa, closing at Rs75.86 Saudi Riyal: Increased by 3 paisa, closing at Rs74.22 These fluctuations in the exchange rates reflect changes in the global financial environment and the dynamics of the…
Bitcoin Price in USD (BTC to USD): 1 BTC = 101,388.99 US Dollars Bitcoin’s value fluctuates continuously due to factors like market demand, investor sentiment, regulatory changes, and macroeconomic trends. Investors closely monitor these changes to make informed decisions.
Gold Price in Pakistan: 1 Tola = 276,000 PKR (Increased by 1,000 PKR) 10 Grams = 236,625 PKR (Increased by 857 PKR) International Gold Price: 1 Ounce = $2,642 (with a $20 premium) The price of gold has been on the rise globally, and these increases reflect shifts in the international market as well as local trends. Silver prices remained stable at 3,350 PKR per tola.
Bitcoin Price in Pakistan (BTC to PKR): 1 BTC = 28,387,142.23 Pakistani RupeesBitcoin’s value fluctuates continuously due to factors like market demand, investor sentiment, regulatory changes, and macroeconomic trends. Investors closely monitor these changes to make informed decisions.
Mobile and internet services in Quetta were suspended starting Sunday night as a precautionary measure linked to ongoing protests in the region. Services are expected to resume by midnight on Tuesday, January 7. The suspension follows a shutter-down strike called by the Jamiat Ulema-Islam-Fazl (JUI-F) party in protest of alleged election “rigging.” JUI-F Balochistan leader Maulana Abdul Wasay stated, “The protest will continue until we get our rights.” In addition to the protest-related disruption, Pakistan has suffered significant financial losses due to internet shutdowns in recent years. The country faced internet disruptions costing $1.62 billion in 2024, the highest globally,…
WhatsApp has launched a new feature allowing users to scan documents directly within the app, eliminating the need for third-party tools. According to WABetaInfo, the document scanner is available with WhatsApp version 24.25.89, and some Indian users are the first to access it. The feature includes a dedicated “Scan document” option when uploading or selecting documents to send. It ensures scanned images are clearer and more readable, making text and signatures stand out. Previously, users had to rely on their phone’s camera or external apps to scan documents before sharing them via WhatsApp. The new tool simplifies this process, offering…
The Pakistan Telecommunication Authority (PTA) reported that the number of cellular subscribers in Pakistan has reached 193,238,238, marking a mobile teledensity of 79.10% as of November 2024. Mobile broadband subscribers grew to 139 million, achieving a mobile penetration rate of 56.90%. Fixed telephone subscribers were recorded at 3 million, with a fixed teledensity of 1.10%. Broadband subscribers reached 143 million, representing a broadband penetration rate of 58.39%. Parliamentary Secretary Sajid Mehdi informed the National Assembly (NA) that 86,000 SIMs were blocked for anti-state activities in response to a call-to-attention notice by Asiya Naz Tanoli regarding fake news on social media.…
On Saturday, State Minister for IT and Telecommunication Shaza Fatima Khawaja confirmed that Starlink has officially registered in Pakistan, and its licensing process is currently underway. This announcement followed a tweet from SpaceX owner Elon Musk, who confirmed discussions with the Pakistani government. In recent months, many enthusiasts tagged Musk, urging him to launch satellite-based internet services in Pakistan. In April 2024, the government introduced the “National Space Activities Rules 2024,” which governs space activities, including satellite services in Pakistan. According to a senior official from the Ministry of IT, after registration, satellite data operators like Starlink will need to…
gigabytes per second of data traffic. In a statement released by the Pakistan Telecommunication Authority (PTA) on Thursday, it was noted that the fault occurred near Qatar, impacting one of the seven international undersea cables connecting Pakistan for global internet traffic. The fault is expected to affect the internet and broadband experience for users across the country.
