ISLAMABAD, Apr 26 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Monday turned around and witnessed bullish trend, gaining 976.01 points, with positive change of 2.18 per cent, closing at 45,682.77 points against 44,706.76 points on the last working day. A total of 409,086,956 shares were traded during the day compared to the… Continue reading Bulls return, PSX gains 976 points, closes at 45,682 points
Category: Business
Business news from Pakistan
Gold imports fall by 48.10 in 3 quarters
ISLAMABAD, Apr 26 (APP):The gold imports decreased by 48.10 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports into the country during July-March (2020-21) were recorded at $5.947 million as compared to the imports of… Continue reading Gold imports fall by 48.10 in 3 quarters
Pakistan earns $ 1298 mln from IT services’ export in 8 months
ISLAMABAD, Apr 26 (APP):Pakistan earned US $1298.080 million by providing different information technology (IT) services in various countries during the eight months of financial year 2020-21. This shows growth of 41.43 percent as compared to US $917.840 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics… Continue reading Pakistan earns $ 1298 mln from IT services’ export in 8 months
Rice exporter for increasing productivity under ‘Rice Value Chain’
ISLAMABAD, Apr 25 (APP):The country’s leading ‘Rice Exporter’ on Sunday stressed the need for increasing productivity in the ‘Rice Value Chain’ and better labor conditions for rice farmers to revolutionize the entire food value chain. To increase productivity in rice food value chain, better treatment facilities for farmers and good education for their children will… Continue reading Rice exporter for increasing productivity under ‘Rice Value Chain’
PSX agreed to on boarding of HBL as ‘Market Maker’
ISLAMABAD, Apr 25 (APP):Pakistan Stock Exchange (PSX) and Habib Bank Limited (HBL) has signed the agreement on Sunday at the PSX trading hall where by HBL becomes ‘Market Maker’ for debt instruments listed on PSX. A Gong Ceremony was held at Pakistan Stock Exchange (PSX) to welcome HBL on-board as a Market Maker for debt… Continue reading PSX agreed to on boarding of HBL as ‘Market Maker’
Cars production increases 20.09% during July-March 2020-21
ISLAMABAD, Apr 25 (APP):The production of cars in the country has witnessed an increase of 20.09 percent during the nine months of current financial year 2020-21 compared to corresponding period of last year. During the July-March (2020-21), as many as 106,439 cars were manufacture against the production of 88,628 units, showing growth of 20.09 percent,… Continue reading Cars production increases 20.09% during July-March 2020-21
Work on CPEC Western route in full swing: Asim Bajwa
ISLAMABAD, Apr 25 (APP):Chairman China Pakistan Economic Corridor (CPEC) Authority Lt. General (retd) Asim Saleem Bajwa on Sunday said work on the China Pakistan Economic Corridor (CPEC) Western route was in full swing. He said the Hakla-DIKhan motorway was near completion and would likely be opened for traffic in August/September this year. “Hakla- DI Khan… Continue reading Work on CPEC Western route in full swing: Asim Bajwa
395 training sessions held for uplift of Pakistan’s Gems & Jewelry sector in 2019-20
ISLAMABAD, Apr 25 (APP): Realizing the country’s true potential in the Gemstones & Jewelry sector, the present government has organized around 395 training sessions in seven major cities during the last fiscal year for skill development of the workforce, equipping them with modern techniques and technologies being applied in the gemstones industry worldwide. Pakistan Gems… Continue reading 395 training sessions held for uplift of Pakistan’s Gems & Jewelry sector in 2019-20
Khusro demands PM to transfer SAB to another ministry
ISLAMABAD, Apr 24 (APP): Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar has demanded the Prime Minister Imran Khan that the Sugar Advisory Board (SAB) to be transferred to another ministry to ensure an equally good and impartial oversight of the working of an independent Board. Minister for Industries and Production said that he… Continue reading Khusro demands PM to transfer SAB to another ministry
CDNS achieves Rs 43 bn from new schemes by April 20
ISLAMABAD, Apr 24 (APP): Central Directorate of National Savings (CDNS) has received an increased investment of Rs 43 billion by April 20 of this Fiscal Years 2020-21 from the registered Premium Prize Bond of Rs 40,000 and Rs 25000 newly introduced by the institution. In the last one and a half years, investors have withdrawn… Continue reading CDNS achieves Rs 43 bn from new schemes by April 20
Agriculture sector development top priority of PTI govt
ISLAMABAD, Apr 24 (APP): Special Assistant to Prime Minister on Food Security Jamshad Iqbal Cheema Saturday said that agriculture sector development and prosperity of farming community across the country was top priority of the government. He said that farmers received Rs2,708 billion for their produces, which was higher by Rs680 billion as against the receiving… Continue reading Agriculture sector development top priority of PTI govt
Tech institutes to be established around new SEZs: Asim Bajwa
ISLAMABAD, Apr 24 (APP):CPEC Authority Chairman Lt General (retd) Asim Saleem Bajwa on Saturday said clusters of tech institutes would be established around the Special Economic Zones (SEZs) being constructed under the China Pakistan Economic Corridor (CPEC). The institutes would impart skill training to the youth as “preparing youth for jobs in CPEC projects is… Continue reading Tech institutes to be established around new SEZs: Asim Bajwa
Inflation goes down in first week of Ramzan
ISLAMABAD, Apr 23 (APP): The Sensitive Price Indicator (SPI) based weekly inflation during the first week of holy month of Ramzan, for the combined consumption group, witnessed decrease of 0.40 percent as compared to the previous week. According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, during the week that ended… Continue reading Inflation goes down in first week of Ramzan
Chinese company to invest $2.4 bn in CPEC Kohala Hydel Project
ISLAMABAD, Apr 23 (APP):The government of Azad Jammu and Kashmir (AJK), and Chinese Three Gorges Company on Friday signed agreements related to 1124 megawatt Kohala Hydel Power Project- Implementation and Water Usage under China Pakistan Economic Corridor (CPEC). The project would attract a foreign investment of $2.4 billion under the umbrella of CPEC. This was… Continue reading Chinese company to invest $2.4 bn in CPEC Kohala Hydel Project
Islamabad STZ to attract $100 million Investment in next 5 years: STZA
ISLAMABAD, Apr 23 (APP):Chairman, Islamabad Special Technology Zones Authority (STZA) Amer Hashmi on Friday said that the Islamabad Special Technology Zone (STZ) would attract $ 100 million Investment in the next 5 Years to contribute to the national economy. Chairman STZS said the first Technology Park in the Islamabad STZ based on 150 acres of… Continue reading Islamabad STZ to attract $100 million Investment in next 5 years: STZA
Finance minister briefed on SECP digitization
ISLAMABAD, Apr 23 (APP):Chairman Securities and Exchange Commission of Pakistan (SECP), Aamir Ali Khan Friday updated the Federal Minister for Finance, Shaukat Tarin about recent steps being taken by the commission to facilitate businesses through digitization of regulatory processes and other such initiatives. During a call on meeting with the federal minister here at Finance… Continue reading Finance minister briefed on SECP digitization
WB’s support critical for attaining fiscal consolidation: Tarin
ISLAMABAD, Apr 23 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin said Friday that continued support of the World Bank (WB), as a major development partner, was critical to attaining fiscal consolidation, improved service delivery and good governance in Pakistan. The minister was talking to Country Director World Bank Group (WBG), Najy Benhassine who made… Continue reading WB’s support critical for attaining fiscal consolidation: Tarin
Cement export dips 0.01%, reaches $210.042 mln
ISLAMABAD, Apr 23 (APP):The exports of cement from the country witnessed decrease of 0.01 percent during the nine months of financial year 2020-21, against the exports of the corresponding period of last year. The cement exports from the country were recorded at $210.042 million during July-March (2020-21) against the exports of $210.073 million during July-March… Continue reading Cement export dips 0.01%, reaches $210.042 mln
WB’s support critical for attaining fiscal consolidation: Tarin
ISLAMABAD, Apr 23 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Friday that continued support of the World Bank (WB), as a major development partner, was critical to attaining fiscal consolidation, improved service delivery and good governance in Pakistan. The minister was talking to Country Director World Bank Group (WBG), Najy Benhassine who… Continue reading WB’s support critical for attaining fiscal consolidation: Tarin
Petroleum Division awards 6 new blocks to step up E&P activities
ISLAMABAD, Apr 23 (APP): Petroleum Division on Friday awarded six more oil and gas blocks to three leading companies aimed at achieving self-sufficiency in the energy sector by increasing Exploration and Production (E&P) activities in potential areas of the country. Minister for Energy Muhammad Hammad Azhar witnessed the signing ceremony of Petroleum Concessions/Exploration Licences of… Continue reading Petroleum Division awards 6 new blocks to step up E&P activities
- 1000 E-Bikes to be given to students in five cities including Rawalpindi: Provincial Minister
- IRSA releases 163,300 cusecs water
- PM for political commitment, adequate investment to achive goal of malaria-free world
- High-profile UK delegation explores collaborative opportunities at NUST
- Kerb currency market
