ISLAMABAD, Apr 18 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) on Thursday lost 43.20 points, a slight negative change of 0.06 percent, closing at 70,290.12 points against 70,333.32 points the previous trading day. A total of 440,314,409 shares valuing Rs.24.362 billion were traded during the day as compared to 442,096,653 shares valuing Rs.16.034 billion… Continue reading PSX loses 43 points
Category: Business
Business news from Pakistan
Rupee sheds 04 paisa against dollar
ISLAMABAD, Apr 18 (APP):Pakistani Rupee on Thursday depreciated by 04 paisa against the US dollar in the interbank trading and closed at Rs278.43 against the previous day’s closing of Rs278.39. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.5 and… Continue reading Rupee sheds 04 paisa against dollar
Gold rates dip by Rs 1,700 to Rs 250,200 per tola
Gold rates dip by Rs 1,700 to Rs 250,200 per tola
Textile exports earn $12.444 billion for Pakistan in 9 months
Textile exports earn $12.444 billion for Pakistan in 9 months
FPCCI waives off 50% membership fee of women chambers
ISLAMABAD, Apr 18 (APP):The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday announced waiver off 50% membership fee for women chambers. President FPCCI Atif Ikram Sheikh in a statement issued here said that the country and society cannot progress without the full role of women, adding the initiative of reducing membership fee… Continue reading FPCCI waives off 50% membership fee of women chambers
Washington Talks: Finance Minister eyes crucial new IMF deal in June
WASHINGTON, Apr 18 (APP): As an International Monetary Fund’s (IMF) nine-month Standby Arrangement (SBA) edges towards completion, Pakistan has commenced discussions with the financial institution to secure a new deal, aimed at stabilizing the national economy. “Pakistan expects an IMF mission to visit in May and would like to reach a staff-level agreement on its… Continue reading Washington Talks: Finance Minister eyes crucial new IMF deal in June
Aurangzeb calls for robust financial safeguards against climate vulnerabilities
ISLAMABAD, Apr 18 (APP):In a high-profile meeting held at the sidelines of the IMF/World Bank 2024 Spring Meetings in Washington DC, Federal Minister for Finance and Revenue, Muhammad Aurangzeb emphasized the need for a robust financial safety net and capacity building to address geo-economic impacts and climate vulnerabilities. Speaking at the Middle East, North… Continue reading Aurangzeb calls for robust financial safeguards against climate vulnerabilities
Currency rates on Thursday
Currency rates on Thursday
NBP exchange rates
NBP exchange rates
Foreign exchange rates
Foreign exchange rates
KP Govt decides to establish Gem Processing & Export Centre
PESHAWAR, Apr 18 (APP):The government of Khyber Pakhtunkhwa has decided to develop gemstone sector as formal export sector and for this purpose the gemstone cluster at Namak Mandi would be develop in the shape of Gems Processing & Export Centre. The Gem Export Center will be redesigned and shifted to a spacious and suitable building… Continue reading KP Govt decides to establish Gem Processing & Export Centre
‘Bumper production of wheat crop expected’
FAISALABAD, Apr 18 (APP):Agriculture Research Punjab Director General Dr Sajid-ur-Rehman said a bumper production of wheat crops is expected this year due to timely cultivation, better weather conditions, hard work of farmers and agri scientists by introducing new varieties. An inaugurating wheat harvest drive in the field area of Wheat Department Ayub Agricultural Research Institute… Continue reading ‘Bumper production of wheat crop expected’
MIGA’s support Pakistan in attracting foreign investments: Minister
MIGA’s support Pakistan in attracting foreign investments: Minister
Minister appreciate UAE’s support for Pakistan economic challenges
Minister appreciate UAE’s support for Pakistan economic challenges
Finance Minister, highlights geo-economic fragmentation, its impact on Pakistan
ISLAMABAD, Apr 17 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Wednesday highlighted geo-economic fragmentation and its impact on Pakistan. The minister attended the Middle East and North Africa (MENAP) Ministers and Governors meeting with the Managing Director International Monetary Fund (IMF), said a press release issued here. He thanked IMF, Multilateral Development Banks… Continue reading Finance Minister, highlights geo-economic fragmentation, its impact on Pakistan
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
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