Category: Business

Business news from Pakistan

PSX stays bullish, gains of 366 points

ISLAMABAD, Sep 27 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 366.69 points, a positive change of 0.89 percent, closing at 41,518.23 against 41,151.54 points on the last working day. A total of 230,658,574 shares were traded during the day compared to 213,024,435 shares the previous day,… Continue reading PSX stays bullish, gains of 366 points

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ADB to continue support in mitigating climate change related crisis in Pakistan: President

Asian Development Bank (ADB) President Masatsugu Asakawa-File

ISLAMABAD, Sep 27 (APP):Asian Development Bank President Masatsugu Asakawa Tuesday said that the ADB would continue its support in mitigating the climate change related crisis in Pakistan. Expressing sorrow over the unprecedented losses during the recent flooding in Pakistan in a virtual press conference, the ADB President said the Bank had already approved a $3… Continue reading ADB to continue support in mitigating climate change related crisis in Pakistan: President

ADB plans $14 bn to ease food crisis, promote long-term food security in Asia, Pacific

ISLAMABAD, Sep 27 (APP):The Asian Development Bank (ADB) Tuesday announced plans to provide at least $14 billion over 2022–2025 in a comprehensive program of support to ease a worsening food crisis in Asia and the Pacific, and improve long-term food security by strengthening food systems against the impacts of climate change and biodiversity loss. The… Continue reading ADB plans $14 bn to ease food crisis, promote long-term food security in Asia, Pacific

Dubai port operator to set up industrial park in Pakistan

Dubai port operator to set up industrial park in Pakistan

ISLAMABAD, Sep 25 (APP): Dubai-based global logistics and port terminal operator DP World working at Karachi port, is planning to set up an industrial park in Pakistan to attract global investors. Sheikh Sultan bin Sulayem, Chairman of the port terminal operator, said he was interested in setting up industrial parks in Pakistan, where there was… Continue reading Dubai port operator to set up industrial park in Pakistan

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Pakistan not seeking relief from commercial banks, Eurobond creditors: Miftah

ISLAMABAD, Sep 23 (APP):Minister for Finance and Revenue Miftah Ismail on Friday said that in the wake of climate related disaster, Pakistan was seeking debt relief from bilateral Paris Club creditors only and it was not seeking any relief from commercial banks or the Eurobond creditors. “Given the climate-induced disaster in Pakistan, we are seeking… Continue reading Pakistan not seeking relief from commercial banks, Eurobond creditors: Miftah

Essential items’ prices ease as weekly inflation plunges down 8.11%

ISLAMABAD, Sep 23 (APP): The prices of essential commodities witnessed a considerable decrease as the Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 22 for the combined consumption group witnessed a sharp decline of 8.11 percent as compared to the previous week. The SPI for the week under review in… Continue reading Essential items’ prices ease as weekly inflation plunges down 8.11%

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