ISLAMABAD, Aug 26(ABC): The Sensitive price Indicator (SPI) based weekly inflation for the week ended on August 25 for the combined consumption group, witnessed an increase of 1.83 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 219.97 points against 216.02 points registered in the previous week, …

ISLAMABAD, Aug 26(ABC): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 441.06 points, a negative change of 1.02 percent, closing at 42,591.51 points against 43,032.57 points on the last working day. A total of 265,752,068 shares were traded during the day compared to the trade of 208,115,224 shares the previous day, whereas the …

ISLAMABAD, Aug 26(ABC): The price of 24 karat per tola gold witnessed no change in prices on Friday and was sold at Rs147,100. The price of 10 gram 24 karat and 10 gram 22 karat also remained stagnant at Rs126,115 and Rs115,605 respectively, All Sindh Sarafa Jewellers Association reported. The price of per tola and ten gram silver remained unchanged …

ISLAMABAD, Aug 26 (ABC): Pakistan rupee on Friday depreciated by Rs 1.24 against the US dollar in the interbank trading and closed at Rs 220.65; against the previous day’s closing of Rs 219.41.According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 228 and Rs 230 respectively. …

ISLAMABAD, Aug 26 (ABC): Zonergy Solar development, Pakistan’s No.1 Solar solution provider, has participated in 18th International Trade and Industrial Fair of Pakistan. The 3 days exhibition is organized by E-commerce pvt ltd, witnessed leading traders and manufacturers from the industry who displayed their top-of-the-line products to provide practical solution towards Clean Energy, a press release issued here on Friday …

BEIJING, Aug 26 (ABC): In an aim to boost mango quality and rev up the mango industry, the Pakistan Agricultural Research Council (PARC) will join the South and Southeast Asia Mango Network (SSAMN) at the first annual meeting of SSAMN to be held in Kunming, China’s southwest province of Yunnan. In a written interview with China Economic Net (CEN), Dr …

WASHINGTON, Aug 26 (ABC): The U.S. economy shrank at an annual rate of 0.6 percent in the second quarter of this year, up from a 0.9 percent contraction estimated a month ago, according to data released Thursday by the U.S. Commerce Department. The update primarily reflects upward revisions to consumer spending and private inventory investment that were partly offset by …

ISLAMABAD, Aug 26 (ABC): The European Union is disbursing €10 million, nearly PKR 2.2 billion to the Government of Sindh to strengthen the implementation of provincial education policies. It is the second payment of a EUR 42 million grant made available through budget support by the European Union under the Development through Enhanced Education Programme (DEEP). This direct financial support …

CHICAGO, Aug 26(ABC): Chicago Board of Trade (CBOT) agricultural futures fell across the board on Thursday, led by wheat. The most active corn contract for December delivery fell 7.25 cents, or 1.1 percent, to settle at 6.5 U.S. dollars per bushel. December wheat plunged 24.25 cents, or 2.98 percent, to settle at 7.89 dollars per bushel. November soybean lost 25.75 …

YANGON, Aug 26(ABC): Myanmar earned over 800 million U.S. dollars from its natural gas exportation within the four months of this financial year 2022-2023, the state-run the Global New Light of Myanmar quoted the figures of the Ministry of Commerce on Thursday. The country exported 77.89 million kilos of natural gas between April 1 and July 31, receiving a total …