Category: Business

Business news from Pakistan

Gold rates up by Rs.1,500 per tola to Rs.252,200

ISLAMABAD, Apr 20 (APP):The per tola price of 24 karat gold increased by Rs.1,500 and was sold at Rs.252,200 on Saturday compared to its sale at Rs.250,700 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.1,286 to Rs.216,221 from Rs.214,935 whereas the prices of 10 gram 22… Continue reading Gold rates up by Rs.1,500 per tola to Rs.252,200

LCCI for joint efforts to promote Pak-Afghan trade

LAHORE, Apr 20 (APP):Lahore Chamber of Commerce and Industry (LCCI) Prsident Kashif Anwar has said that despite the historical socio-economic relations between Pakistan and Afghanistan, the trade volume does not reflect the potential. Joint and concrete steps must be taken to boost mutual trade, he added. He expressed these views while addressing a Afghan trade… Continue reading LCCI for joint efforts to promote Pak-Afghan trade

Condolence reference held in memory of FBR’s officials

ISLAMABAD, Apr 19 (APP):A condolence reference was held at Federal Board of Revenue (FBR) headquarters on Friday in memory of the five Customs officials who were martyred in D.I.Khan. The Customs officials were martyred on April 18 while conducting an intelligence-based operation, said a press release issued here. Chairman FBR Malik Amjad Zubair Towana, Board… Continue reading Condolence reference held in memory of FBR’s officials

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PSX turns bullish, gains 619 points

ISLAMABAD, Apr 19 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 619.79 points, a positive change of 0.88 percent, closing at 70,909.90 points against 70,290.12 points the previous trading day. A total of 475,833,699 shares valuing Rs.23.220 billion were traded during the day as compared to 440,314,409… Continue reading PSX turns bullish, gains 619 points

Weekly inflation falls by 0.79 percent

ISLAMABAD, Apr 19 (APP): The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.79 per cent for the combined consumption groups during the week ended on April 18, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in… Continue reading Weekly inflation falls by 0.79 percent

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Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

  WASHINGTON, Apr 19 (APP):Federal Minister for Finance and Revenue on Friday appreciated the World Bank’s Thought Leadership and its insightful report titled “From Swimming in the Sand to High and Sustainable Growth,” giving a clear roadmap for propelling Pakistan to a High Middle-Income country. He expressed these views while attending the “Roundtable on Implementing… Continue reading Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

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Pakistan’s total liquid foreign reserves reach $ 13.37 billion

KARACHI, Apr 18 (APP):The total liquid foreign reserves of Pakistan reached US$ 13,373.7 million while foreign reserves held by State Bank stood at $ 8,054.7 million in the week ended on April 12, 2024. State Bank of Pakistan, in a statement issued here on Thursday, informed that foreign exchange reserves held by the central bank… Continue reading Pakistan’s total liquid foreign reserves reach $ 13.37 billion

Prudent policies, reforms poised to result in sustainable economic growth: Governor SBP

KARACHI, Apr 18 (APP):Governor State Bank of Pakistan (SBP) Jameel Ahmed highlighting country’s substantial improvements in macroeconomic outlook hoped that time bound reforms will put the economy on the path of sustainable economic growth. Governor SBP expressed the views during his meetings with key international investors during multiple events organized by leading global banks and… Continue reading Prudent policies, reforms poised to result in sustainable economic growth: Governor SBP

Mobilink Bank registers solid start to year by doubling its revenue in Q1 2024

ISLAMABAD, Apr 18 (APP):Pakistan’s leading digital microfinance institution, Mobilink Bank, has reported a staggering 97% increase in revenue during Q1 2024 compared to the same period last year, marking a powerful start to the year.  The Bank’s Profit before Tax (PBT) also witnessed 110% growth, said a news release. The substantial increase in the revenue… Continue reading Mobilink Bank registers solid start to year by doubling its revenue in Q1 2024

PSX loses 43 points

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

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

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