Uzbek envoy invites FPCCI leadership to attend Tashkent Int’l Investment forum

ISLAMABAD, April 17 (APP):Ambassador of the Republic of Uzbekistan to Pakistan, Oybek Arif Usmanov on Wednesday invited the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) leadership to participate in the ‘Tashkent International Investment Forum’ to be held on May 2 under the patronage of President of Uzbekistan, Shavkat Mirziyoyev. He met with the… Continue reading Uzbek envoy invites FPCCI leadership to attend Tashkent Int’l Investment forum

SECP grants registration to first digital insurer

ISLAMABAD, Apr 17 (APP):The Securities and Exchange Commission of Pakistan (SECP) has registered and issued license to M/s Salaam Family Takaful Limited as the first ever digital family takaful operator. The registration regime for digital-only insurers and dedicated micro-insurers was introduced through an amendment to the Insurance Rules, 2017, notified vide S.R.O 1513(I)/2022, aiming to… Continue reading SECP grants registration to first digital insurer

SECP files complaint against two individuals on violation of trading

ISLAMABAD, April 17 (APP):The Security and Exchange Commission of Pakistan (SECP) has filed complaint against two individuals on violations of trading. Based on an investigation conducted under the Securities Act, 2015, the SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during… Continue reading SECP files complaint against two individuals on violation of trading

Govt prioritize to peruse economic reform agenda for sustainable economic development: Minister

PSX issues ESG Primer for listed companies

ISLAMABAD, Apr 17 (APP):The Pakistan Stock Exchange (PSX) has taken yet another major step in realising its vision of ESG readiness for listed companies by issuing the PSX Primer on Environmental, Social & Governance (ESG). The sector agnostic Primer on ESG is a detailed booklet and first of a series of publications meant for guiding… Continue reading PSX issues ESG Primer for listed companies

Rupee sheds 10 paisa against dollar

ISLAMABAD, Apr 17 (APP):Pakistani Rupee on Wednesday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs278.39 against the previous day’s closing of Rs278.29. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.3 and… Continue reading Rupee sheds 10 paisa against dollar

PSX loses 150 more points

KPT shipping movements report

KARACHI, Apr 17 (APP):Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Wednesday. SHIPS BERTHED: SC MercuryTanker V Noble General Cargo Christina Selmer Cement Newsun HarmonyFertilizer

Shipping Activity at Port Qasim

KARACHI, Apr 17 (APP): Four hips namely, MSC United-VIII, Asphalt Alliance, Al-Khor and High Trader scheduled to load/offload Container, Bitumen, LNG and Mogas, berthed at Container Terminal, Multi-Purpose Terminal, Elengy Terminal and Oil Terminal respectively on Tuesday. Meanwhile two more ships, Maersk Cabo Verde and Bo-Mustafa-O also arrived at outer-anchorage of the Port Qasim to… Continue reading Shipping Activity at Port Qasim

Kerb currency market

KARACHI, Apr 17 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Wednesday. F.C. BUYING SELLING INTER BANK 278.00 … Continue reading Kerb currency market

Local POL production increases by 3.82% during July-February

ISLAMABAD, Apr 17 (APP): Overall production of petroleum commodities has witnessed an increase of 3.82 percent during the first eight months of the current financial year 2023-24 as compared to the corresponding period of the fiscal year 2022-23. POL products that showed positive growth include Motor Spirits the production of which increased by 4.03 percent… Continue reading Local POL production increases by 3.82% during July-February

Global FOs commit to support Pakistan’s economic initiatives

WASHINGTON, Apr 17 (APP):Leading global financial organizations like the World Bank (WB), Asian Development Bank (ADB) and International Finance Corporation (IFC) have assured their support for Pakistan’s initiatives aimed at economic stabilization through structural reforms, digital transformation and privatization efforts. The assurance came during sideline meetings of Federal Minister for Finance and Revenue Muhammad Aurangzeb,… Continue reading Global FOs commit to support Pakistan’s economic initiatives

Minister stresses local sugar supply for public welfare

WB assures support for reforms, digitalization programmes

ISLAMABAD, Apr 17 (APP):The World Bank (WB) has assured Pakistan of its full support for reforms and digitalization programmes to stabilize economy and enhance revenues. According to press statement issued by finance ministry here, Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with President World Bank Group, Ajay Banga and highlighted Pakistan’s progress under… Continue reading WB assures support for reforms, digitalization programmes

Currency rates of NBP

Exchange rates for currency notes

NBP exchange rates

Foreign exchange rates

Gold rates up by Rs 2,200 to Rs 251,900 per tola

ISLAMABAD, Apr 17 (APP):The per tola price of 24 karat gold witnessed an increase of Rs 2,200 and was sold at Rs 251,900 on Wednesday as compared to its sale at Rs.249,700 on the previous day. The price of 10 grams of 24 karat gold increased by Rs1,887 and was sold at Rs 215,964 against… Continue reading Gold rates up by Rs 2,200 to Rs 251,900 per tola

Category: Business

Business news from Pakistan