Category: Business

Business news from Pakistan

Pakistan’s energy sector needs up to $155 bn investment until 2030: Report

ISLAMABAD, Dec 27 (APP):Pakistan’s energy sector needs investments ranging from US$62 billion to US$155 billion until the 2030, according to a report titled “CAREC Energy Outlook 2030” recently released by the Asian Development Bank (ADB). “The energy investment needs until 2030 vary significantly across the three scenarios, with estimates ranging from $62 billion to $155… Continue reading Pakistan’s energy sector needs up to $155 bn investment until 2030: Report

Uzbek Deputy PM calls on Ishaq Dar

ISLAMABAD, Dec 26 (APP):A delegation of Uzbekistan headed by Khodjaev Jamshid Abdukhakimovich, Deputy Prime Minister /Minister of Investment & Foreign Trade called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar here at Finance division on Monday and discussed with him matters of mutual interests. The delegation comprised Kudratov Laziz Shavkatovich, 1st Deputy… Continue reading Uzbek Deputy PM calls on Ishaq Dar

PSX witnesses bullish trend, gains 485 points

ISLAMABAD, Dec 26 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 485.96 points, a positive change of 1.23 percent, closing at 40,155.16 against 39,669.20 points on the previous day. A total of 146,880,187 shares were traded during the day as compared to 132,633,704 shares the previous day, whereas the… Continue reading PSX witnesses bullish trend, gains 485 points

Fish exports increase by 23.53% to $185 million

ISLAMABAD, Dec 26 (APP):The exports of fish and fish preparations increased by 23.53 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The country earned $185.922 million from seafood exports during July-November (2022-23) against the exports of US… Continue reading Fish exports increase by 23.53% to $185 million

Weekly inflation slides down by 0.11 percent

ISLAMABAD, Dec 24 (APP): The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed a decrease of 0.11 percent for combined consumption group during the week ended on December 22, Pakistan Bureau of Statistics (PBS) reported Friday. The SPI for the week under review in the above-mentioned group was recorded at 217.39 points as compared… Continue reading Weekly inflation slides down by 0.11 percent

SBP grants approval to Pakistan’s first agri-fintech app Digitt+

KARACHI, Dec 23 (APP):The State Bank of Pakistan (SBP) has formally granted approval to Digitt+, Pakistan’s first agriculture focused fintech, to pilot launch their Electronic Money Institution (EMI). Digitt+ is powered by Akhtar Fuiou Technologies(AFT). The purpose of this agri-fintech app is to digitize the agricultural eco system. Digitt+ has partnered with Fuiou Pay, a… Continue reading SBP grants approval to Pakistan’s first agri-fintech app Digitt+

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