Category: Business

Business news from Pakistan

IDEA, TEVTA organizes Job Fair for youth

PESHAWAR, Apr 24 (APP): Initiative for Development and Empowerment Axis (IDEA) in collaboration with Khyber Pakhtunkhwa Technical Education and Vocational Training Authority (TEVTA) organized a Job Fair here at Government Technical & Vocational Centre for Boys Gulbahar on Wednesday. About 30 companies of various sectors of the country including Pepsi, KPBoIT, Durshal, Toyota, Honda, Fixit,… Continue reading IDEA, TEVTA organizes Job Fair for youth

Jam Kamal leads efforts to enhance IT Capacity for trade monitoring

ISLAMABAD, Apr 24 (APP): Federal Minister for Commerce, Jam Kamal Khan on Wednesday chaired a meeting to assess the effectiveness and sufficiency of the Information Technology (IT) infrastructure of the Ministry of Commerce (MOC). The meeting was deliberated the current IT capabilities of the ministry, particularly in monitoring trade activities, international imports and exports, remittances,… Continue reading Jam Kamal leads efforts to enhance IT Capacity for trade monitoring

SECP pushes adoption of IFRS 17 by Insurance sector

ISLAMABAD, Apr 24 (APP): The Institute of Chartered Accountants of Pakistan (ICAP) held a seminar in collaboration with the Asian Oceanian Standard Setters Group, on IFRS 17 implementation in Karachi on April 23, 2024. Commissioner of Insurance, Aamir Khan while delivering the keynote address apprised the participants that the adoption of international reporting standards and… Continue reading SECP pushes adoption of IFRS 17 by Insurance sector

PSX turns bullish, gains 692 more points

ISLAMABAD, Apr 24 (APP): The 100-Index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 692.49 points, a positive change of 0.97 percent, closing at 72,051.89 points against 71,359.41 points the previous trading day. A total of 599,401,643 shares valuing Rs.24.459 billion were traded during the day as compared to 655,935,508… Continue reading PSX turns bullish, gains 692 more points

LCCI for deferment of SROs hurting businesses

LAHORE, Apr 24 (APP): The Lahore Chamber of Commerce and Industry (LCCI) has sought the government’s help for deferment of amendments that are bound to bring businesses to a halt. A LCCI spokesman told media here Wednesday that in a letter to Prime Minister Shehbaz Sharif, LCCI President Kashif Anwar attracted his attention towards recently… Continue reading LCCI for deferment of SROs hurting businesses

RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln

ISLAMABAD, Apr 24 (APP): In a historic achievement, the Regional Tax Office (RTO) Peshawar Inland Revenue Enforcement Network (IREN) team has seized 1,869 packerites of non-duty/non-TTS cigarettes, of around Rs 162.6 million, during a raid at a warehouse located at Yar Hussain, Swabi. Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana and Member… Continue reading RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln

Three schemes approved

LAHORE, Apr 24 (APP):The Provincial Development Working Party, Punjab (PDWP) in its 50th meeting of current financial year (2023-24) here on Wednesday approved three development schemes with an estimated cost of Rs 4697.219 million. The meeting was presided over by P&D Board Chairman Barrister Nabeel Ahmad Awan which approved the following schemes: CM Plants for… Continue reading Three schemes approved

PCJCCI keen to boost Peach industry in Swat

LAHORE, Apr 24 (APP): Peach of Swat is one of the most famous fruit of Pakistan, the mango may be Pakistan’s preferred fruit heavyweight, but the peach is no slouch either, at least in the country’s northern and northwestern regions. Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) President Moazzam Ghurki, President expressed these… Continue reading PCJCCI keen to boost Peach industry in Swat

IPO to celebrate World Intellectual Property day on 26th April

ISLAMABAD, Apr 24 (APP): The annual World Intellectual Property Day, observed on April 26, 2024, is set to focus on the theme “IP and SDGs: Building Our Common Future with Innovation and Creativity. In a press conference, Chairman of the Intellectual Property Organization (IPO), Mr. Farukh Amil, and Director General, Ms. Shazia Adnan, addressed the… Continue reading IPO to celebrate World Intellectual Property day on 26th April

Rupee sheds 02 paisa against dollar

ISLAMABAD, Apr 24 (APP):Pakistani Rupee on Wednesday depreciated by 02 paisa against the US dollar in the interbank trading and closed at Rs 278.39 against the previous day’s closing of Rs278.37. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs… Continue reading Rupee sheds 02 paisa against dollar

Gold rates up by Rs.1,100 per tola to Rs.242,000

ISLAMABAD, Apr 24 (APP):The per tola price of 24 karat gold increased by Rs.1,100 and was sold at Rs.242,000 on Wednesday compared to its sale at Rs.240,900  on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.943 to Rs.207,476 from Rs. 206,533 whereas the prices of 10 gram… Continue reading Gold rates up by Rs.1,100 per tola to Rs.242,000

Shipping activity at Port Qasim

KARACHI, Apr 24 (APP):Shipping activity was report at the port where three ships namely, Xpress Salween, Maersk Detroit and Lokojo carrying Container and LNG, berthed at Container Terminal and Gasport Terminal respectively on Tuesday. Meanwhile four more ships, MSC Sindy, Mara Thapolis, Lila Ace and Loxley with Containers, Chemicals and LPG also arrived at outer-anchorage… Continue reading Shipping activity at Port Qasim

KP to adopt fixed ST on services for lawyers, customs agent

PESHAWAR, Apr 24 (APP):The Khyber Pakhtunkhwa (KP) government has decided to adopt a fixed sales tax on services for lawyers and customs agents instead of a percentage. The decision was taken in a meeting held on Wednesday between Advisor to KP Chief Minister on Finance Muzzammil Aslam and Director General Khyber Pakhtunkhwa Revenue Authority Fouzia… Continue reading KP to adopt fixed ST on services for lawyers, customs agent

Kerb currency market

KARACHI, Apr 24 (APP):Following were the opening rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Wednesday. F.C.                         BUYING        SELLING INTER BANK                   278.25     … Continue reading Kerb currency market

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