Category: Business

Business news from Pakistan

Foreign exchange rates

KARACHI, May 25 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Wednesday. CONVERSION RATES FOR 25TH MAY 2022 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE MAY 27, 2022 USD 201.2977 GBP 253.2124 EUR 215.9320 JPY 1.5814

Pakistan Customs to ensure strict vigilance at all airports to prevent smuggling

ISLAMABAD, May 24 (APP):Pakistan Customs (FBR) has stepped up enforcement at all International Airports across the country to prevent smuggling of items which have recently been banned by the Federal Government by amending Import Policy Order, 2022. This round-the-clock vigilance at International Terminals to prevent smuggling have already resulted in seizures of these items which… Continue reading Pakistan Customs to ensure strict vigilance at all airports to prevent smuggling

PSX continued with bearish trend, loses 489 points

ISLAMABAD, May 24 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Tuesday, losing 489.93 points, with a negative change of 1.15 percent, closing at 41,950.32 points against 42,440.25 points on the last working day. A total of 169,707,409 shares were traded during the day compared to the trade of… Continue reading PSX continued with bearish trend, loses 489 points

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Media conclave reviews CSR, socioeconomic development under CPEC

ISLAMABAD, May 23 (APP):Speakers at a two-day media conclave and roundtable conference appreciated the role undertaken by Chinese companies working in Gwadar in the domain of Corporate Social Responsibility (CSR). However, they highlighted the importance of effective development communication and positive engagement with local communities for the effectiveness and long-term success of these projects. The… Continue reading Media conclave reviews CSR, socioeconomic development under CPEC

Media conclave reviews CSR, socioeconomic development under CPEC

ISLAMABAD, May 23 (APP):Speakers at a two-day media conclave and roundtable conference appreciated the role undertaken by Chinese companies working in Gwadar in the domain of Corporate Social Responsibility (CSR). However, they highlighted the importance of effective development communication and positive engagement with local communities for the effectiveness and long-term success of these projects, according… Continue reading Media conclave reviews CSR, socioeconomic development under CPEC

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Ahsan Iqbal directs Raiwlay Authorites to speed up CPEC ML-1 project

ISLAMABAD, May 20 (APP): Expressing concerns over delay in the mega project of Railway Main Line (ML-1) under the China Pakistan Economic Corridor (CPEC), Minister for Planning Development and Special Initiatives, Ahsan Iqbal Friday directed the railway authorities to speed up the pace of the project. Chairing a preparatory meeting on the joint working group… Continue reading Ahsan Iqbal directs Raiwlay Authorites to speed up CPEC ML-1 project

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PSX gains 117 points to close at 43,100 points

ISLAMABAD, MAY 20 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 117.26 points, with a positive change of 0.27 percent, closing at 43,100.71 points against 42,983.45 points on the last working day. A total of 189,926,559 shares were traded during the day compared to the trade of… Continue reading PSX gains 117 points to close at 43,100 points

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