Category: Business

Business news from Pakistan

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

PCMEA presents 14-point recommendations to enhance exports

LAHORE, Apr 21 (APP):Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Senior Vice Chairman Usman Asharf has forwarded a 14-point recommendations to the Ministry of Commerce, and Trade Development Authority of Pakistan (TDAP) to enhance exports and solve the problems by the carpet manufacturers. Usman Asharf  told media here Sunday that Pakistan’s traditional competitor is giving… Continue reading PCMEA presents 14-point recommendations to enhance exports

SAARC Chamber urges Afghan Taliban to fulfill their Doha pledges

LAHORE, Apr 21 (APP): The SAARC Chamber has called upon the Afghan Taliban to fulfill their commitment, made in Doha, which was aimed at promoting peace in the region, particularly between Pakistan and Afghanistan, and preventing the Afghan soil from being used against Pakistan. Talking to a delegation of traders, led by Muslim Khan Buneri… Continue reading SAARC Chamber urges Afghan Taliban to fulfill their Doha pledges

PFC to participate in 5-day Canton Fair China

ISLAMABAD, Apr 21 (APP): A delegation of the Pakistan Furniture Council (PFC) will participate in 135th 5-day Canton Fair China commencing from April 23 aiming to explore export markets and foster bilateral trade relations. Chairing council board of directors meeting, PFC Chief Executive Officer Mian Kashif Ashfaq said this strategic move underscores Pakistan’s commitment to… Continue reading PFC to participate in 5-day Canton Fair China

PHEC offers expertise to Kyrgyzstan to modernize education system

ISLAMABAD, Apr 21 (APP): Honorary Consul Kyrgyzstan Meher Kashif Younis on Sunday said Punjab Higher Education Commission (PHEC) has offered its expertise to Kyrgyzstan for developing their existing educational disciplines on modern scientific lines at par with international standards to meet global challenges. Talking to a delegation of industrialists at Kyrgyzstan Consulate, he said that… Continue reading PHEC offers expertise to Kyrgyzstan to modernize education system

Finance Minister met to representatives of S-P Global, Fitch Ratings

ISLAMABAD, Apr 21 (APP): The Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with the representatives of S&P Global and Fitch Ratings on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C. During the meetings, he highlighted positive indicators of the country on the back of the Standby Arrangement (SBA) signed with… Continue reading Finance Minister met to representatives of S-P Global, Fitch Ratings

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