Category: Business

Business news from Pakistan

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

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

Finance Minister appreciates IMF, WB support extended to Pakistan

ISLAMABAD, Apr 16 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Tuesday appreciated the support of International Monetary Fund (IMF) and World Bank extended to Pakistan for economic development. Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, attended the G-24, Finance Ministers and Central Bank Governors’ Meeting, said a press release issued here.… Continue reading Finance Minister appreciates IMF, WB support extended to Pakistan

Finance Minister brief IFC on economic reforms in Pakistan

ISLAMABAD, Apr 16 (APP):Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb on Tuesday briefed the International Finance Corporation (IFC) team on the government economic reforms in Pakistan. He briefed on the ongoing reforms in the taxation, energy and privatization sectors, said a press release issued here. Federal Minister for Finance and Revenue, Mr. Muhammad… Continue reading Finance Minister brief IFC on economic reforms in Pakistan

SECP publishes report on Pakistan’s potential for micro and inclusive insurance

ISLAMABAD, Apr 16 (APP):The Securities and Exchange Commission of Pakistan has issued a report titled “Unlocking the Potential of Micro and Inclusive Insurance in Pakistan,” which provides an overview of the current landscape and vast untapped potential market for inclusive insurance. The report’s draft version and synopsis were presented at the International Insure Impact Conference,… Continue reading SECP publishes report on Pakistan’s potential for micro and inclusive insurance

SMEDA holds interactive session with NIM delegation

LAHORE, Apr 16 (APP):Small and Medium Enterprises Development Authority (SMEDA) hosted an interactive session on SMEDA services here Tuesday with a 13-member delegation of the National Institute of Management (NIM) that visited SMEDA head office under 35th Senior Management Course of NIM to be conducted for officers of BS-19 from federal, provincial and other services.… Continue reading SMEDA holds interactive session with NIM delegation

Shipping activity at Port Qasim

KARACHI, Apr 16 (APP):Five ships namely, MSC Vilda-X, MSC Nilgun, Fast, Gall and XT-Brightness scheduled to load/offload Container, Cement, Palm oil and Chemicals, berthed at Container Terminal, Multi-Purpose Terminal, Liquid Terminal and Engro Terminal respectively on Monday. Meanwhile three more ships, MSC United, Ullswater and Perikils are also arrived at outer-anchorage of the Port Qasim… Continue reading Shipping activity at Port Qasim

PSX loses 60 points

ISLAMABAD, Apr 16 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) lost 60.92 points on Tuesday, a slight negative change of 0.09 percent, closing at 70,483.66 points against 70,544.58 points the previous trading day. A total of 548,418,295 shares valuing Rs.21.032 billion were traded during the day as compared to 555,214,972 shares valuing Rs. 21.986… Continue reading PSX loses 60 points

Gold rates up by Rs 2,400 to Rs 249,700 per tola

ISLAMABAD, Apr 16 (APP):The per tola price of 24 karat gold witnessed an increase of Rs 2,400 and was sold at Rs 249,700 on Tuesday as compared to its sale at Rs. 247,300 on the previous day. The price of 10 grams of 24 karat gold increased by Rs2,057 and was sold at Rs 214,077… Continue reading Gold rates up by Rs 2,400 to Rs 249,700 per tola

Serving the nation since 1947 by providing an accurate, objective, uninterrupted flow of news to the people, the national news service is pursuing a comprehensive strategy to transform the existing news operations into a forward-looking service – APP Digital for its diverse subscriber-base and the public.

Follow Us

APP Services