ISLAMABAD, May 16 (APP):With support from the Asian Development Bank’s “Access to Clean Energy Investment Program”, solar power systems have been installed in thousands of schools in Punjab to provide reliable electricity. These schools are off-grid or used to experience frequent power outages. Now that they have reliable electricity, classrooms have proper lighting, ventilation, and… Continue reading ADB’s project powering thousands of schools in Punjab through solar panels
Category: Business
Business news from Pakistan
CDNS collect Rs 980b fresh bonds by May 15
ISLAMABAD, May 16 (APP):The Central Directorate of National Savings (CDNS) on Monday realized the target of issuing Rs980 billion fresh bonds in the last 10 months of current fiscal year 2021-22 from July 1st to May 15th. The CDNS had set an annual gross receipt target of Rs 980 billion from July 1 to June… Continue reading CDNS collect Rs 980b fresh bonds by May 15
Pakistan exports to Italy witnesses 35.58 percent increase in current fiscal year
Pakistan exports to Italy witnesses 35.58 percent increase in current fiscal year
Business community asked to have close liaison with FTO to address their grievances
Business community asked to have close liaison with FTO to address their grievances
Ahsan calls for collaborative efforts in country’s development process
Ahsan calls for collaborative efforts in country’s development process
Human capital investments to bring sustainable development: Dr. Ayesha
ISLAMABAD, May 13 (APP): Minister of State for Finance and Revenue, Dr. Ayesha Ghaus Pasha on Friday stated that human capital investments including such as on gender, equality, population planning, education, nutrition and water would bring benefits for the sustainable development. She said this while in a called on meeting with Knut Ostby, Resident Representative,… Continue reading Human capital investments to bring sustainable development: Dr. Ayesha
Large industry grows 7% in 3 quarters, 26.9% in March 2022
ISLAMABAD, May 13 (APP): The Large Scale Manufacturing Industries (LSMI) production grew by 7 percent during the first three quarters of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Friday. The LSMI Quantum Index Number (QIM) was recorded at 161.2 points during July-March… Continue reading Large industry grows 7% in 3 quarters, 26.9% in March 2022
Workers’ remittances up 7.7% to $26.1 bn in 10 months
ISLAMABAD, May 13 (APP):With $3.1 billion inflows during April 2022, the overseas Pakistani workers’ remittances continued strong trend and crossed the $3 billion mark in a month for the first time ever. In terms of growth, during April 2022, remittances increased by 11.2 percent on month-on-month basis and 11.9 percent on year-on-year basis. Cumulatively, at… Continue reading Workers’ remittances up 7.7% to $26.1 bn in 10 months
Asian stocks up as investors calm over potential Fed moves
Asian stocks up as investors calm over potential Fed moves
SECP proposes changes to bring transparency in capital formation
SECP proposes changes to bring transparency in capital formation
ICCI delegation congratulates DC Islamabad
ICCI delegation congratulates DC Islamabad
PSX turns around, gains 35 points to close at 42,898 points
ISLAMABAD, MAY 12 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and witnessed bullish trend, gaining 35.29 points, with a slight positive change of 0.08 percent, closing at 42,898.44 points against 42,863.15 points on the last working day. A total of 284,503,575 shares were traded during the day compared… Continue reading PSX turns around, gains 35 points to close at 42,898 points
ADB indicates additional support of $2.5bln in upcoming fiscal year
ISLAMABAD, MAY 12 (APP): The Asian Development Bank (ADB) here on Thursday indicated to provide additional support of $ 2.5 billion to Pakistan for the next fiscal year, out of which $1.5-2 billion could be available in the ongoing calendar year, finance ministry said. According to statement issued by finance ministry, Minister of State for… Continue reading ADB indicates additional support of $2.5bln in upcoming fiscal year
Govt working on policy to enhance trade connectivity with Central Asia: Commerce Minister
ISLAMABAD, May 12 (APP):Federal Minister for Commerce, Syed Naveed Qamar said here that Ministry of Commerce was working on a policy to enhance trade and connectivity with Central Asia, through Afghanistan and Iran. The ministry has already taken several measures to materialize this policy, the minister said in a written reply to a question to… Continue reading Govt working on policy to enhance trade connectivity with Central Asia: Commerce Minister
Currency rates of NBP
KARACHI, May 12 (APP):Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYINGUSD 192.46 188.15GBP 235.39 230.10EUR 202.53 198.37 JPY 1.4824 1.4492SAR 51.37 50.10AED 52.40 51.57
EXCHANGE RATES FOR CURRENCY NOTES
KARACHI, May 12 (APP):(12-05-22) CURRENCY SELLING BUYINGUSD 192.46 188.15GBP 235.39 230.10EUR 202.53 198.37 JPY 1.4824 1.4492SAR 51.37 50.10AED 52.40 51.57 LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDSLIBOR 1M 0.84314LIBOR 3M 1.39986LIBOR 6M 1.93200 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/15 DAYS 1M 2M 3M 4M 5M 6M USD 189.72 189.39 188.44 187.38 186.58 185.55… Continue reading EXCHANGE RATES FOR CURRENCY NOTES
NBP Exchange Rates
KARACHI, May 12 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 190.55 190.05EURO EUR 200.91 200.38 JAPANESE YEN JPY 1.4677 1.4638BRITISH POUND GBP 233.06 232.45SWISS FRANC CHF 191.47 190.97 CANADIAN DOLLAR CAD 146.63 146.24AUSTRALIAN DOLAR AUD 131.93 131.59SWEDISH KRONA… Continue reading NBP Exchange Rates
Foreign exchange rates
KARACHI, May 12 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday. CONVERSION RATES FOR 12TH MAY 2022 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE MAY 16, 2022 USD 189.9792 GBP 234.7763 EUR 200.7320 JPY 1.4630
Fractionalization – SECP makes high value illiquid assets accessible to smaller investors
Fractionalization – SECP makes high value illiquid assets accessible to smaller investors
CDWP clears four projects worth Rs 136.74 bn
ISLAMABAD, May 11 (APP): The Central Development Working Party (CDWP) Wednesday cleared four development projects worth Rs 136.74 billion during its meeting held here under the chairmanship of Deputy Chairman Planning Commission Dr Mohammad Jehanzeb Khan. The meeting was attended by Additional Secretary, PD&SI, Secretary Ministry of Water Resources, Secretary Ministry of Health, Secretary Ministry… Continue reading CDWP clears four projects worth Rs 136.74 bn
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- Prime Minister Muhammad Shehbaz Sharif in a group photo with the high achiever women and girls in the field of IT
