Category: Business

Business news from Pakistan

Exports witnesses 30% growth in February

ISLAMABAD, Mar 1 (APP):The exports from the country during the month of February 2024 grew by 30 percent and were recorded at $2.575 billion as against the exports of $1.984 billion in the corresponding month of the last year. According to the Pre-Pakistan Bureau of Statistics (PBS) Customs-based data released by PRAL, the trade balance… Continue reading Exports witnesses 30% growth in February

PSX stay bullish, gains 747 more points

ISLAMABAD, Mar 01 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 747.16 points, a positive change of 1.16 percent, closing at 65,325.69 points against 64,578.52 points the previous trading day. A total of 344,227,410 shares valuing Rs13.385 billion were traded during the day as compared to 424,043,562 shares… Continue reading PSX stay bullish, gains 747 more points

Weekly inflation up by 1.27 pc

ISLAMABAD, Mar 01 (APP):The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed an increase of 1.27 per cent for the combined consumption groups during the week ended on February 29, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the… Continue reading Weekly inflation up by 1.27 pc

FBR surpass eight months target of Rs 5,829 bln

ISLAMABAD, Feb 29 (APP):Federal Board of Revenue (FBR) has surpassed the eight-month target of Rs 5,829 billion and registers a growth of 30 percent. According to the FBR official Twitter handle, FBR has collected Rs 681 billion during February 2024 as compared to Rs 519 billion during February 2023, showing a growth of 32 percent.… Continue reading FBR surpass eight months target of Rs 5,829 bln

Jazz CEO vows 50pc women representation in digital wallet services for more inclusivity

ISLAMABAD, Feb 29 (APP): Chief Executive Officer of Jazz Aamir Ibrahim on Thursday said that the company was determined to foster a more inclusive and balanced economic landscape in the country by taking the women representation to 50% in the its digital wallet services in the coming years. Aamir Ibrahim, addressing the Connected Industries discussions… Continue reading Jazz CEO vows 50pc women representation in digital wallet services for more inclusivity

FCCI emerges as first E-chamber in country

FAISALABAD, Feb 29 (APP):The Faisalabad Chamber of Commerce & Industry (FCCI) has emerged as the first E-chamber of the country by starting a 24/7 online digitalise service to issue new as well as renewal of the existing memberships. Acting President FCCI Dr Sajjad Arshad renewed the first membership of his firm through this facility while… Continue reading FCCI emerges as first E-chamber in country

SECP seeks public consultation on conduct of meetings of shareholders

ISLAMABAD, Feb 29 (APP):The Securities and Exchange Commission of Pakistan (SECP)Thursday constituted a committee of experts for comprehensive review of the manner of conduct of shareholder meetings by listed companies and identify reforms. The committee has submitted its report to the Commission which contains recommendations to improve transparency and efficiency in the manner of conducting… Continue reading SECP seeks public consultation on conduct of meetings of shareholders

ICCI delegation visits POF to explore business opportunities in defense industry

ISLAMABAD, Feb 29 (APP):A delegation of the Islamabad Chamber of Commerce and Industry (ICCI) led by Ahsan Zafar Bakhtawari, President visited the Pakistan Ordnance Factories (POF) and held a meeting with Lt. Gen. Syed Tahir Hameed Shah, Chairman POF to explore business opportunities for the private sector in the defense industry. Chairman, POF, Lt. Gen.… Continue reading ICCI delegation visits POF to explore business opportunities in defense industry

PSX stay bullish, gains 875 more points

ISLAMABAD, Feb 29 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 875.07 points, a positive change of 1.37 percent, closing at 64,578.52 points against 63,703.45 points the previous trading day. A total of 424,043,562 shares valuing Rs17.053 billion were traded during the day as compared to 461,390,885 shares… Continue reading PSX stay bullish, gains 875 more points

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