Hungary has reaffirmed its strong support for Pakistan’s GSP Plus (Generalized System of Preferences Plus) status in the European Union, as both countries vowed to deepen economic cooperation at the Pakistan-Hungary Business Forum held in Islamabad. The forum was co-chaired by Federal Minister for Commerce Jam Kamal Khan and Hungarian Minister of Foreign Affairs and […]
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Pace Barka and DHA City Karachi sign landmark agreement
Shehryar Taseer and Shahbaz Taseer, have signed a landmark agreement between Pace Barka Properties Limited and DHA City Karachi for the development and management of numerous commercial and residential projects. The agreement was signed at IPS, Dubai, with construction set to commence immediately. After successfully delivering projects in multiple cities across Pakistan, the company is […]
Rupee sheds 5 paisa against US Dollar
The Rupee on Thursday depreciated by 05 paisa against the US Dollar in the interbank trading and closed at Rs280.61 against the previous day’s closing of Rs280.56. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs280.75 and Rs282.25, respectively. The […]
Gold prices reach all time high to Rs350,000 per tola
The price of 24 karat per tola gold increased by Rs.8,600 and was traded all time high at Rs.350,000 on Thursday as compared to its sale at Rs348,000 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The prices of 10 grams of 24 karat also increased by Rs.1,715 to Rs 300,068 […]
PM reaffirms commitment to strengthening multi-sector UK ties
Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to further strengthening its relations with the United Kingdom across multiple sectors, including trade, investment, education, and people-to-people exchanges. He expressed these views during a meeting with UK Parliamentary Under Secretary of State for Faith, Communities and Resettlement, Lord Wajid Khan, who called on him in Islamabad […]
UK willing to partner in boosting Pakistan’s economy to $2tr: envoy
The United Kingdom is ready to partner with Pakistan to help grow its economy to $2 trillion, British High Commissioner to Pakistan Jane Marriott said on Thursday, reaffirming Britain’s long-term commitment to the country’s economic development. Addressing the Leaders in Islamabad Business Summit, Marriott said the UK is determined to further strengthen its strategic partnership […]
PSX turns bullish, gains 881 points
The 100-Index of the pakistan stock exchange (psx) turned around to bullish trend on Thursday, gaining 881.03 points, a positive change of 0.76 percent, closing at 116,901.13 points as compared to 116,020.11 points on the last trading day. A total of 408,066,790 shares were traded during the day as compared to 481,813,460 shares the previous […]
CCP launches report on insurance industry, proposes reforms
The Competition Commission of Pakistan (CCP) has released its comprehensive report on the State of Competition in Pakistan’s Insurance Industry, highlighting key challenges and offering strategic recommendations for reform. Globally, the importance of insurance is evident, with the market estimated to reach a premium volume of $7.4 trillion in 2024. The global average insurance penetration […]
Textile exports rise by 9.38% to Rs13.6bn in three quarters
Textile exports witnessed an increase of 9.38 per cent during the first three quarters of the current financial year (July-March) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Monday. The textile exports from the country were recorded at $ 13,613.702 million during the July-March (2024-25) against the exports […]
Food exports grow by 1.62pc, imports decrease by 2.74pc
Food group exports from the country during the first 09 months of the current financial year grew by 1.62 per cent as compared to the exports of the corresponding period of the last year, Pakistan Bureau of Statistics reported on Wednesday. During the period from July-March 2024-25, food commodities worth $5.749 billion were exported as […]