Daily Times

Your right to know Saturday, August 13, 2022


Pakistan, Turkiye ink Preferential Trade Agreement (PTA)

By: Agencies on

Pakistan and Turkiye on Friday inked the Preferential Trade Agreement aimed at boosting trade in goods between the two countries. Prime Minister Shehbaz Sharif witnessed the inking of the PTA at a ceremony held here at the PM Office, as the visiting Turkish Trade Minister Dr. Mehmet Mus and Minister for Commerce Syed Naveed Qamar […]

SBP issues Pakistan’s economy half-year report FY22

By: Our Correspondent on

According to the State Bank of Pakistan’s (SBP) Half Year Report for FY22 on the State of Pakistan’s Economy, which was published on Friday, Pakistan’s economic recovery continued in the first half of fiscal year FY22 (FY22). From the perspective of the first half of FY22, the large-scale manufacturing (LSM) exhibited broad-based expansion; exports grew […]

KSE-100 rises 2.15pc to nearly 43,000

By: Our Correspondent on

The KSE-100 Index at the Pakistan Stock Exchange (PSX) rose 614 points on the week’s final trading day as investors’ confidence returned on the back of encouraging developments at the International Monetary Fund (IMF) and a strengthening currency. When compared to the previous session, both the volume of traded shares and their value grew. Trading […]

Govt intervention needed to salvage dwindling exports: FPCCI

By: Our Correspondent on

Irfan Iqbal Sheikh, President FPCCI, has expressed his worries that Pakistan’s exports have decreased by a significant 24 percent in the month of July 2022 on a Month-on-Month (MoM) basis. It is pertinent to note that exports have posted a MoM negative growth after a period of 22 months, i.e., the first time after August […]

TPL Trakker wins two brands of the year awards

By: pr on

The Brands of the Year Award is hailed as one of the most eminent and trustworthy brand awards in the industry based on the current year’s market standing and consumer preferences. TPL Trakker received two prestigious awards at the BoYA ceremony recently held in Karachi, under the categories of Digital Mapping & Location Services, and […]

Gold price declines by Rs2700 to Rs139,000 per tola

By: Monitoring Desk on

The price of 24 karat per tola gold decreased by Rs2700 per tola and was sold at Rs139,000 on Friday against sale at Rs141,700 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs2315 and was sold at Rs119,170 against its sale at Rs121,485 whereas the prices […]

Rupee rises further against US dollar

By: Monitoring Desk on

The Pakistani Rupee (PKR) sustain its upward increase against the US Dollar on 9th day consecutively. It gained 1.57 percent versus the US dollar today, closing at Rs215.49 after gaining Rs3.38 in the interbank market. During today’s open market session, the rupee hit an intraday high of Rs214.75 versus the US dollar. The local currency […]

CDNS, CDC join hands for issuance of digital savings certificates

By: Agencies on

Central Directorate of National Savings (CDNS) and Central Depository Company of Pakistan Limited (CDC) Friday signed a Memorandum of Understanding for mutually collaborating to convert and issue National Savings Certificates (NSCs) in digital form to reduce physical process flows of different transactions and develop a systematic framework through which NSCs can be inducted into the […]

US inflation outlook brightens as import prices fall, consumer sentiment rises

By: Agencies on

US import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and nonfuel costs, while consumers’ one-year inflation outlook ebbed in August, the latest signs that price pressures may have peaked. Import prices, which exclude tariffs, fell 1.4pc last month after rising 0.3pc in June, […]