Category: Business

Business news from Pakistan

PSX witnesses bullish trend, gains 394 points

ISLAMABAD, Oct 2 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 394.49 points, showing positive change of 0.85 per cent, closing at 46,627.08 points against 46,232.59 points the previous day. A total of 202,598,801 shares valuing Rs.7.404 billion were traded during the day as compared to 177,617,061 shares valuing… Continue reading PSX witnesses bullish trend, gains 394 points

PSX witnesses bullish trend, gains 394 points

ISLAMABAD, Oct 2 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 394.49 points, showing positive change of 0.85 per cent, closing at 46,627.08 points against 46,232.59 points the previous day. A total of 202,598,801 shares valuing Rs.7.404 billion were traded during the day as compared to 177,617,061 shares valuing… Continue reading PSX witnesses bullish trend, gains 394 points

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Trade deficit narrows by 42% in 1st quarter

ISLAMABAD, Oct 2 (APP):The trade deficit contracted by 42.25 percent during the first quarter of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Monday. The Trade deficit during July-September (2023-24) was recorded at $5.289 billion as against the deficit of $9.159 billion in July–September (2022-23),… Continue reading Trade deficit narrows by 42% in 1st quarter

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CDNS attains Rs 400 billion targets in fresh bond

ISLAMABAD, Oct 2 (APP): The Central Directorate of National Savings (CDNS) has accomplished a target of Rs 400 billion in fresh bonds in the current fiscal year, from July 1 to 30th September. The CDNS surpassed the annual target and achieved the target of Rs 1.6 trillion in fresh bonds in the current fiscal year,… Continue reading CDNS attains Rs 400 billion targets in fresh bond

Experts attribute PKR surge to strict measures curbing $US smuggling, hoarding

Dr. Saeed Ahmad Ali LAHORE, Oct 01 (APP):Experts said on Sunday that due to the strict measures of the government for curbing the smuggling and hoarding of US dollar, Pakistani rupee claimed the title of the world’s best-performing currency, marking a seven-week high against the US dollar. According to the State Bank of Pakistan’s data,… Continue reading Experts attribute PKR surge to strict measures curbing $US smuggling, hoarding

Govt slashes petrol prices by Rs.8 per liter

ISLAMABAD, Sep 30 (APP): The caretaker federal government on Saturday reduced prices of petrol by Rs.8 per liter, according to press statement issued by finance ministry. “In the wake of variations in international prices of petroleum products and the improvement in the exchange rate, the government of Pakistan has decided to revise the consumer prices… Continue reading Govt slashes petrol prices by Rs.8 per liter

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FBR surpasses target by RS. 63 billion

ISLAMABAD, Sep 30 (APP): For the first quarter of the current financial year, FBR has collected Rs 2,041 billion (2022: 1644 billion) against the assigned target of Rs 1,978 billion thus exceeding the target by Rs 63 billion. FBR has also put in exceptional efforts to achieve the revenue target for the month of September… Continue reading FBR surpasses target by RS. 63 billion

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