Category: Business

Business news from Pakistan

SECP-IFSB workshop highlights Pakistan’s progress in Islamic Finance Development

ISLAMABAD, Apr 26 (APP): A three-day capacity-building workshop on Islamic Capital Markets, jointly organized by the Security Exchange Commission of Pakistan (SECP) and the Islamic Financial Services Board (IFSB) concluded on Friday, highlighting Pakistan’s significant progress in developing the Islamic finance industry. The workshop has designed to enhance the capacity of the officials of regulatory… Continue reading SECP-IFSB workshop highlights Pakistan’s progress in Islamic Finance Development

SBP to announce monetary policy on April 29

KARACHI, Apr 26 (APP): State Bank of Pakistan (SBP) will announce Monetary Policy on April 29, 2024 following the meeting of Monetary Policy Committee. The central bank, in a statement issued here on Friday, announced that meeting of Monetary Policy Committee (MPC) of SBP will be held on April 29 to decide about the Monetary… Continue reading SBP to announce monetary policy on April 29

PSX gains 771 points

ISLAMABAD, Apr 26 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) on Friday gained 771.35 points, a positive change of 1.07 percent, closing at 72,742.75 points against 71,971.40 points the previous trading day. A total of 541,144,650 shares valuing Rs 22.589 billion were traded during the day as compared to 798,527,177 shares valuing Rs 27.542… Continue reading PSX gains 771 points

Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties

ISLAMABAD, Apr 26 (APP): The 7th Intersessional meeting of the Pakistan-United States (US) Trade and Investment Framework (TIFA) was held here on Friday and discussed ways to strengthen trade ties between the two nations. Federal Secretary Ministry of Commerce Muhammad Sauleh Ahmad Faruqui leading the Pakistani delegation and Assistant US Trade Representative (USTR), Brenden Lynch,… Continue reading Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties

SECP Introduces SECP-XS: A swift complaint resolution platform

ISLAMABAD, Apr 26 (APP): The Securities and Exchange Commission of Pakistan (SECP) has introduced a new digital platform, SECP-XS (https://xs.secp.gov.pk), to promptly resolve user queries and concerns. Following the successful introduction of the eZfile, the new fully automated corporate registry, SECP recognizes the need for a seamless mechanism to address user concerns and queries, according… Continue reading SECP Introduces SECP-XS: A swift complaint resolution platform

Coca-Cola invests an additional $22 million in Pakistan

ISLAMABAD, Apr 26 (APP): Coca-Cola has invested $22 million in the beverage sector, specifically in technology upgrades, capacity enhancement of its export potential, and employment for over half a million local professionals along its chain. This new investment is in addition to the $1 billion invested in the country by the Coca-Cola System since 2008,… Continue reading Coca-Cola invests an additional $22 million in Pakistan

SBP to announce monetary policy on April 29

ISLAMABAD, Apr 26 (APP):The State Bank of Pakistan (SBP) will announce Monetary Policy on April 29 in a meeting of the Monetary Policy Committee (MPC). The MPC will meet on Monday, April 29 to decide about the Monetary Policy, a press release issued by SBP said. SBP will issue the Monetary Policy statement through a… Continue reading SBP to announce monetary policy on April 29

Kitchen items’ prices ease as weekly inflation falls by 1.1%

ISLAMABAD, Apr 26 (APP): The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 1.10 per cent for the combined consumption groups during the week ended on April 25, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in… Continue reading Kitchen items’ prices ease as weekly inflation falls by 1.1%

Shipping Activity at Port Qasim

KARACHI, Apr 26 (APP):Three ships namely, Seaspan Beacon, SSL Brahmaputra and Haj Muhammad scheduled to load/offload Container and Cement, berthed at Container Terminal and Multi-Purpose Terminal respectively during last 24 hours. Meanwhile another ship ‘Doha’ with Liquefied Natural Gas also arrived at outer-anchorage of the Port Qasim during the same period. A total of nine… Continue reading Shipping Activity at Port Qasim

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