KARACHI, July 22(ABC): Gold continued to shine with the precious metal seeing an increase of Rs900 in its price on Friday in line with an uptrend in the international market and depreciating Pakistani rupee. According to rates released by the All Sindh Sarafa Jewellers Association (ASSJA), gold prices in the local bullion market rose by Rs900 per tola to reach …

KARACHI, July 22(ABC): The bulls staged a comeback at the Pakistan Stock Exchange (PSX) on Friday — the last session of the trading week — as players cherry-picked stocks that lost valuation during the last bearish spell. The benchmark KSE-100 index traded between hope and despair, which eventually let loose the bulls, who pulled the bourse into the green. Investors …

ISLAMABAD, Jul 22(ABC): Pakistan earned US $2,380.852 million by providing different Information Technology (IT) services in various countries during the eleven months of fiscal year 2021-22. This shows growth of 25.45 percent as compared to US $1,897.820 million earned through provision of services during the corresponding period of fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported. During July-May (2021-22), …

NEW YORK, July 22(ABC): Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after US government data showed tepid gasoline demand during the peak summer driving season. Brent crude futures dropped 77 cents, or 0.7%, to $106.15 a barrel by 0427 GMT after slipping 0.4% in the previous session. US West Texas …

TOKYO, July 22(ABC): Asian stock markets were on course for their best week in months and the dollar held off recent record highs after the European Central Bank (ECB) raised rates for the first time in more than a decade and bets on the size of US rate hikes eased. Japan’s Nikkei rose 0.24% on Friday and was on course to …

ISLAMABAD, Jul 20 (ABC): Leather manufactures exports during the twelve months of fiscal year of 2021-22 grew up by 10.43 percent as compared to the exports of the commodity during the corresponding period of last year. During the period from July-June 2021-22, leather manufactures worth US $621,081 were exported as compared to the exports of US $ 562,248 during the …

ISLAMABAD, Jul 21(ABC): The exports of textile commodities surged by 25.53 percent during the fiscal year 2021-22 as compared to the corresponding period of last year. The textile exports were recorded at $19,329.985 million in July-June (2021-22) against the exports of $15,399.083 million July-June (2020-21), showing growth of 25.53 percent, according to the latest data released by Pakistan Bureau of …

TOKYO, July 21(ABC): Tokyo stocks shrugged off early losses to close higher on Thursday after the Bank of Japan left its monetary easing policy unchanged. The benchmark Nikkei 225 index gained 0.44 percent, or 122.74 points, to end at 27,803.00, while the broader Topix index advanced 0.21 percent, or 4.15 points, to 1,950.59. The BoJ’s decision leaves the central bank …

ISLAMABAD, July 21 (ABC): Solar tube wells powered by Chinese technology is a success story in Pakistan, and the same technology will be used in the KP’s southern district of Tank, reported on Thursday. To resolve the longstanding water problem in the area, the Government of Khyber Pakhtunkhwa (KP) has decided to set up solar-powered tube wells in the area. …

ISLAMABAD, July 21(ABC): The imports of overall petroleum group witnessed an increase of 105.31 percent during the fiscal year 2021-22 as compared to the corresponding period of the last year. During the period under review, the total imports of the petroleum group stood at $23,318.722 million, as against the imports of $ 11,357.853 million last year, according to the latest …