Category: Business

Business news from Pakistan

Finance Minister advocates collaboration to boost Investment into Pakistan

ISLAMABAD, Apr 22 (APP): Federal Minister for Finance and Revenue, Muhammad Aurangzeb met the members of Pakistan Business Council United Arab Emirates (UAE) on Monday in Dubai and emphasized the importance of collaboration among industry leaders, government agencies, financial institutions, and local stakeholders. Such partnerships are vital for facilitating trade and encouraging investment flows into… Continue reading Finance Minister advocates collaboration to boost Investment into Pakistan

Chairman FBR holds E-Kachehri

ISLAMABAD, Apr 22 (APP):Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana held E-Kachehri at FBR Headquarters on Monday to listen to the issues of taxpayers and provide prompt assistance. The E-Kachehri provides a platform to taxpayers to appraise their concerns directly to Chairman FBR and also give their suggestions regarding tax-related issues and… Continue reading Chairman FBR holds E-Kachehri

Finance Minister meets officials of banking sector in Dubai

ISLAMABAD, April 22 (APP): Federal Minister for Finance and Revenue Muhammad Aurangzeb held meeting with the senior officials of Mashreq Bank and First Abu Dhabi Bank in Dubai on Monday to discuss strengthening of financial and economic cooperation. During the meeting, the minister emphasized upon the bankers to reconsider their appetite for arranging finance for… Continue reading Finance Minister meets officials of banking sector in Dubai

Current Account records surplus of $619 mln in March

ISLAMABAD, Apr 22 (APP): The current account has witnessed surplus of $619 million during the month of March 2024, State Bank of Pakistan (SBP) reported on Monday. Cumulatively the current account balance for July to March (2023-24) has improved significantly; as deficit of $0.5 billion was recorded during the period as compared to the deficit… Continue reading Current Account records surplus of $619 mln in March

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Current Account records surplus of $619 mln in March

  ISLAMABAD, Apr 22 (APP): The current account has witnessed surplus of $619 million during the month of March 2024, State Bank of Pakistan (SBP) reported on Monday. Cumulatively the current account balance for July to March (2023-24) has improved significantly; as deficit of $0.5 billion was recorded during the period as compared to the… Continue reading Current Account records surplus of $619 mln in March

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Shipping activity at Port Qasim

KARACHI, Apr 22 (APP): Three ships namely, Zaraar Hanif, Shiva and Gaslog Sydney carrying Steel Coil, LPG and LNG, berthed at Multi-Purpose Terminal, Engro Terminal and Elengy Terminal respectively on Sunday. Meanwhile four more ships, MSC Rikku, Seacon Yokohama, Khairpur and Bateleur scheduled to load/offload Container, Rice, Mogas and LPG also arrived at outer-anchorage of… Continue reading Shipping activity at Port Qasim

PSX witnesses bullish trend, gains 523 points

ISLAMABAD, Apr 22 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 523.56 points, a positive change of 0.74 percent, closing at 71,433.46 points against 70,909.90 points the previous trading day. A total of 655,205,105 shares valuing Rs.31.248 billion were traded during the day as compared to 475,833,699 shares valuing… Continue reading PSX witnesses bullish trend, gains 523 points

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Rice exports grew by 83.37%, in 09 months

ISLAMABAD, Apr 22 (APP):Rice exports from the country during the first three quarters of the current financial year increased by 83.37 percent as compared to the exports of the corresponding period of last year. During the period from July-March 2023-24, over 4.550 million metric tons of rice valuing $2.930 billion exported as against the exports… Continue reading Rice exports grew by 83.37%, in 09 months

Finance Minister meets foreign investors

ISLAMABAD, Apr 22 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb has held meeting with foreign investors including Chairman of Ayana Holding, Abdulla Bin Lahej and Chairman Nad Al Shiba Holding, Mohammed Hilal Bin Tarraf Al Mansoori, in Dubai. According to press statement issued by finance ministry, the minister explored ways to enhance investment activity… Continue reading Finance Minister meets foreign investors

PSX collaborates with London Stock Exchange Group on ESG

ISLAMABAD, Apr 22 (APP):In a landmark development, Pakistan Stock Exchange (PSX) has signed a collaborative understanding with LSEG (London Stock Exchange Group) on Environment, Social and Governance (ESG). Under this mutual understanding, both companies will work to develop a suite of standardized ESG data tools that can be used by PSX listed companies for their… Continue reading PSX collaborates with London Stock Exchange Group on ESG

Gold rates dip by Rs.3,500 per tola to Rs.248,700

ISLAMABAD, Apr 22 (APP):The per tola price of 24 karat gold decreased by Rs.3,500 and was sold at Rs.248,700 on Monday compared to its sale at Rs.252,200 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.3,021 to Rs.213,220 from Rs.216,221 whereas the prices of 10 gram 22… Continue reading Gold rates dip by Rs.3,500 per tola to Rs.248,700

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