Pakistan-Saudi business Collaboration gains momentum at Jeddah Chamber By: APP on February 8, 2025Federal Minister for Commerce Jam Kamal Khan met with the Jeddah Chamber of Commerce and Industry to discuss opportunities for strengthening trade and investment ties between Pakistan and Saudi Arabia. The meeting focused on enhancing bilateral trade, boosting investment, and fostering long-term economic collaboration, said a press release issued here on Friday. During the discussion, […]
Pakistan to renegotiate Qatar LNG deal amid high costs, paper says By: reuter on February 8, 2025Pakistan will renegotiate a liquefied natural gas (LNG) supply pact with Qatar, seeking better terms, The News newspaper said on Friday, citing the petroleum minister. An economic crisis has slashed power use in Pakistan, which gets more than a third of its electricity from natural gas, saddling it with excess capacity it still needs to […]
Gold prices up by Rs 1,346 per tola to Rs.300,046 By: APP on February 8, 2025The price of 24 karat per tola gold increased by Rs.1,346 and was sold at Rs 300,046 on Friday against its sale at Rs 298,700 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1,154 to Rs.257,241 from Rs. 256,087 whereas that […]
Rupee gains 10 paisa against dollar By: APP on February 8, 2025Pakistani rupee on Friday appreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs279.04 against the previous day’s closing of Rs279.14. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.60 and Rs 281.10, […]
Cash-strapped PIA approves salary increase for employees By: News Desk on February 8, 2025The Board of Directors of Pakistan International Airlines (PIA) on Friday gave principle approval for cadre-wise salary adjustments for its employees. According to statement released by the PIA spokesperson, the decision was made in response to rising inflation. “The last salary increase for PIA employees was made four years ago, after which the rising inflation […]
Kitchen Items’ prices decrease by 0.21pc By: APP on February 8, 2025The weekly inflation, measured by the Sensitive price Indicator (SPI), went down by 0.21 percent for the combined consumption groups during the week ended on February 6, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at […]
Tanveer chairs meeting to review sugar production, demand By: APP on February 8, 2025Minister for Industries and Production Rana Tanveer Hussain on Friday chaired the Sugar Advisory Board meeting to review the production and demand of sugar in the country. The meeting was attended by Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial and other senior officials, said a news release. The minister emphasized the need for […]
Pakistan’s Citi Pharma to venture into real estate sector By: News Desk on February 8, 2025Citi Pharma Limited (CPHL), a Pakistani pharmaceutical company, has decided to venture into the real estate sector with the formation of Citi REIT Management Company, its wholly owned subsidiary. The pharmaceutical shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. The Board of Directors (BoD) of the pharmaceutical has approved […]
Soneri Bank posts 2.27% growth in PBT for 2024 By: pr on February 8, 2025The Board of Directors of Soneri Bank Limited, in their 209th meeting held in Karachi on 7th February 2025 and chaired by Mr. Amin A. Feerasta, approved the Bank’s financial statements for the year ended 31 December 2024. The results reflect consistent and sustained growth in all areas as the Bank posted Profit before Tax […]
PSX gains 21 points By: APP on February 8, 2025The 100-Index of the Pakistan Stock Exchange (PSX) gained 21.78 percent on Friday, showing a nominal positive change of 0.02 percent, closing at 110,322.94 points as compared to110,301.16 points on the last trading day. A total of 299,678,289 shares were traded during the day as compared to 598,930,638 shares the previous trading day, whereas the […]