Pakistan’s footwear exports witness substantial growth in current fiscal year
Karachi:Pakistan’s footwear exports saw a significant growth of 15.48% in the first eight months of the 2024-25 fiscal year. The footwear exports have reached $126.413...
Trinasolar adds in Pakistan as solar distributor amid soaring demand
Lahore: Trinasolar, a global leader in smart PV and energy storage solutions, has reinforced its commitment to Pakistan’s renewable energy sector by signing Memorandums of...
Gold price down by Rs.2000 per tola
KARACHI: The price of gold decreased by Rs.2000 per tola in Pakistan According to the All Pakistan Gems and Jewelers Association, the price of gold...
Pakistan set to receive $1.2 Billion Saudi oil facility, disbursement kicks off this month
WEB DESK: Pakistan is poised to benefit from a $1.2 billion oil financing facility from Saudi Arabia, with monthly disbursements of $100 million set to...
Pakistan IT services flourishing abroad as country earned US $2.177 billion in current fiscal year
ISLAMABAD: Pakistan Information Technology (IT) services in various countries are flourishing as the country earned US $2.177 billion by exporting different countries during the first...
PM expresses happiness as PSX surpasses 1,19,000 points for first time in its history
Jeddah: Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction regarding the Pakistan Stock Exchange surpassing the 1,19,000 points mark for the first time in its...
Rupee depreciates against dollar by 02 paisa
Karachi:The Rupee on Thursday,today, depreciated by 02 paisa against the US Dollar in the inter-bank market trading and closed at Rs 280.22. However, according to...
Bullish trend continues at PSX as 100 Index gains 795 points
Karachi:The 100-Index of the Pakistan Stock Exchange (PSX) on Thursday, today, continued with bullish trend, gained 795.74 points while closed at 118,769.77 points. A total...
Gold prices uptick by Rs 1800 per tola
Karachi:The price of 24 karat per tola gold increased by Rs.1,800 and was traded at Rs.320,800 on Thursday,today , All Pakistan Sarafa Gems and Jewelers...
PM invites Saudi investors to explore opportunities in Pakistan under SIFC
Jeddah: Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to facilitating Saudi investors. Talking to Saudi Investment Minister Khalid Al-Falih and Head of the Joint...
KSE-100 index rises over 1,000 points, crosses 119,000 threshold
KARACHI: Fourth day of the week in stock market has made a bullish trend, 100 index crosses over 119,000 points. The Pakistan Stock Exchange (PSX)...
Govt to announce Rs 8 per unit electricity price cut likely on March 23
Islamabad: Government is set to announce an electricity tariff reduction of Rs8 per unit. Prime Minister Shehbaz Sharif expected to make the official announcement on...
Bullish trend grips PSX as it gains 972 points
Karachi: The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, today, gaining 972.94 points, while closed at 117,974.03 points. A...
Gold prices up by Rs 1650 per tola today
Karachi: The price of 24 karat per tola gold increased by Rs.1,650 and was traded at Rs.319,000 on Wednesday, All Pakistan Sarafa Gems and Jewelers...
World Bank approves $102 Million loan for Pakistan
ISLAMABAD: World Bank has approved a loan of 102 million dollars for Pakistan. The loan amount will benefit 1.89 million individuals, according to the World...
Stock Market stabilizes as index rebounds to 117,000
KARACHI: Positive trend in Pakistan Stock Exchange, Index recovers at 117,000 level. Positive trend has begun on the third day of the trading week at...
Govt collects Rs.107.12 P/L tax on petrol, duties and margins
WEB DESK: Details of taxes, duties, and margins on petroleum products have been revealed for consumers. According to report available a total of Rs.107.12 are...
PSX witnesses positive trend, gain 800 points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed bullish trend for the second consecutive day of trade, with the benchmark index gaining more than 800 points...
Dollar rate increase by 10 paisa
KARACHI: The rate of dollar increased by 10 paisa in Interbank According to the currency dealer, the rate of dollar up by 10 paisa to...
China announces $41bn discount programme all sort of things for masses
BEIJING: The Chinese government has promised new child care subsidies, increased wages and better paid leave to revive a slowing economy. That is on top...
Massive increase in gold price
KARACHI: The price of gold has reached a historic high worldwide, including in Pakistan. According to the All Pakistan Gems and Jewelers Association, the price...
Railway Minister says Jaffar Express to resume operations from today
Islamabad: Federal Minister for Railways, Muhammad Hanif Abbasi says Jaffar Express will resume its operations from today. The service had been suspended after the railway...
PM meets U.S. top IT Company Affinity in Islamabad
ISLAMABAD: A delegation from American multinational IT company Affinity met with Prime Minister Shehbaz Sharif, expressing keen interest in expanding investments in Pakistan’s IT sector....
Gold price rise again by Rs.1,100 per tola
KARACHI: The price of gold in the country touched a historic high after further appreciation by Rs.1,100 per tola. According to the All Pakistan Gems...
FinMin commends National Health and Population Policy team for their hard work, progress makes so far
Islamabad:Minister for Finance commended the National Health and Population Policy team for their hard work and the progress made so far. A high-level meeting was...
New oil and gas reserves from Spinwam-1 Well in North Waziristan discovered
Web Desk: New oil and gas reserves from the Spinwam-1 Well in North Waziristan’s Karghar Formation discovered. Mari Petroleum Company Limited (MPCL) has announced the...
Sindh speeds up crack down against transporters charging extra fares on occasion of Eid
Karachi: Sindh’s Senior Minister Sharjeel Memon has ordered taking action against transporters raising transports fares unfairly on occasion of Eid Ul Fitr in the inter-city...
PSX starts week with positive trend
KARACHI: Pakistan Stock Exchange began the trading session with a bullish trend, and the value of the US dollar also decreased against the rupee. On...
Govt increased petroleum levy by Rs.10 P/L
ISLAMABAD: The federal government has increased the petroleum levy by Rs.10 per liter, notification issued by the Ministry of Finance, the petroleum levy on petrol...
Vital progress made b/n Pakistan, IMF toward reaching staff level agreement
Islamabad: The Pakistani authorities and the International Monetary Fund (IMF) made ‘significant progress’ toward reaching a Staff Level Agreement (SLA) on the first review of...
Gold prices per tola reduce Rs 300 today
Karachi: Gold prices on Saturday, today, reduced in line with their decrease in international rates. In the local market, gold price per tola clocked in...
PSX market capitalization uptick from Rs250 mln to whopping Rs14125 bn this week
Karachi: Pakistan Stock Exchange (PSX) over all remained bearish this week as it witnessed three days of bearish trend and bullish on two. The stock...
Gold price increases by Rs.4700 per tola
KARACHI: The rate of gold increased by Rs.4700 per tola According to the All Pakistan Gems and Jewelers Association, today the price of gold per...
Significant bullish trend in stock exchange
KARACHI: On the last day of the week stock market had a positive beginning by adding more than 600 points. Pakistan Stock Exchange (PSX) kicked...
ECC approves amendments to net-metering regulations, cuts buyback rate to Rs.10/unit
ISLAMABAD: The Economic Coordination Committee (ECC) on Thursday approved amendments to the existing net-metering regulations to reduce the growing financial burden on grid consumers and...
Positive Day in the Stock Market, gain 1009 points
KARACHI: The Pakistan Stock Exchange had a positive day of trading today, with an increase of 1009 points. At the close of business, the 100...
Dollar rate slightly increase
KARACHI: The value of the dollar has seen a slight increase against the rupee in the interbank exchange market. At the close of business in...
Massive increase in gold price
KARACHI: Gold rate increased by Rs.2800 per tola According to all Pakistan Gems and Jewelers Association, the rate of gold increased by Rs. 2800 per...
PM underscores enhancing bilateral trade b/n Pakistan, Uzbekistan to 2bn dollars
Islamabad: Prime Minister Shehbaz Sharif has underscored the need to devise a roadmap to work towards the enhancement of bilateral trade between Pakistan and Uzbekistan...
IMF set to retrospectively approve delay in agricultural tax collection amid $7 Billion bailout review
ISLAMABAD: IMF is considering granting a waiver regarding the provinces’ delay in collecting Agriculture Income Tax (AIT). As part of this review, the IMF mission...
Quality education, political stability imperative for exports led growth: Ahsan
ISLAMABAD: Federal Minister for Planning, Development and Reforms, Ahsan Iqbal here Wednesday said that political stability and research based quality education was imperative for exports-led...
Gold price upticks Rs 500 per tola
Karachi: After holding steady for two days, gold prices in Pakistan increased, in line with their rise in international rates. In the local market, gold...
Pakistan’s banking outlook upgraded from stable to positive by Moody’s
Web Desk: The global rating agency Moody’s has improved Pakistan’s banking outlook from stable to positive. “We have changed our outlook on Pakistan’s banking system...
IMF agrees to govt plan for reduction in electricity rates
Islamabad: The International Monetary Fund (IMF) has agreed on the government’s plan for decreasing electricity rates during discussions on the disbursement of the next installment...
PSX turns bearish today as it loses 178 points
Karachi :The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend today , losing 178.69 points while closed at 114,177.66 points. A total of...
Jam Kamal arrives Oman on official visit
ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan embarked on an official visit to Oman, with his itinerary packed with high-level meetings, industrial visits, and...
SBP decides to retain interest rate at 12%
Karachi: The State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 12%. The SBP cited lower-than-expected inflation and sustained...
Policy level talks with IMF mission to commence from today
Islamabad: Policy level talks with the International Monetary Fund (IMF) to receive next tranche of one billion dollar will kick start from today. New financial...
LPG crisis intensified across country including Lahore
Lahore: Liquefied petroleum gas (LPG) crisis has intensified all across the country including Lahore as LPG prices have increased by Rs 60 to 70. Sui...
Govt to provide low-cost loans to women
ISLAMABAD: Federal government has decided to provide low-cost loans to women including women entrepreneurs associated with cottage industries and small business in the small and...