PSX snaps winning streak as index loses 310 points By: APP on November 21, 2024The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 310.21 points, a negative change of 0.32 percent, closing at 95,546.46 points as compared to 95,856.67 points on the last trading day. A total of 1,138,411,946 shares were traded during the day as compared to 830,931,008 shares the previous […]
Ahsan proposes GSP-Plus, 5Es framework alignment for economic growth By: APP on November 21, 2024Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Wednesday proposed a multi-pronged strategy, aligning the GSP-Plus programme with the 5Es framework to get export-led economic growth secure a prosperous future for Pakistan. “The GSP-plus programme represents more than just trade preferences. It is a roadmap for sustainable development and good governance. By […]
Gold prices increase further by Rs.800 per tola By: APP on November 21, 2024The price of 24 karat per tola gold increased further by Rs.800 and was sold at Rs.274,300 on Wednesday against its sale at Rs. 273,500, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also went up by Rs.686 to Rs.235,168 from Rs. 234,482 whereas that of 10 gram […]
Rupee sheds 9 paisa against dollar By: APP on November 21, 2024The Pakistani rupee on Wednesday depreciated 09 paisa against the US dollar in the interbank trading and closed at Rs 278.04 against the previous day’s closing of Rs 277.95. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.60 and […]
POL imports up by 1.68% to $5.11 bln in 4 months By: APP on November 21, 2024The petroleum group imports increased by 1.68 percent during the first four months of the current fiscal year as compared to the imports of the same months of last year, the Pakistan Bureau of Statistics (PBS) reported. The imports of overall petroleum group during July-October (2024-25) stood at $5,113.616 million as against the imports of […]
500 tons of Pakistan-grown chili to reach Shandong for deep processing By: Agencies on November 21, 2024The first batch of 500 tons of Pakistani chilies is scheduled to be harvested by the end of November as part of the Pakistan-China Center project within the Shanghai Cooperation Organization (SCO) Demonstration Zone. “These chilies will be distributed throughout China, including provinces like Guizhou, Yunnan, Sichuan, Chongqing, Hunan, and Hubei,” said Liu Jing, business […]
CDNS achieves Rs 550 billion mark in annual savings target By: APP on November 21, 2024The Central Directorate of National Savings (CDNS) has achieved a target of Rs 550 billion in fresh bonds and achieved 15 percent of the annual target for the current fiscal year, from July 1 to November 15th. The CDNS has set an annual target of Rs 1650 billion for the current Fiscal Year, 2024-25, which […]
OGDCL accelerates tight gas exploration in Indus Basin By: APP on November 21, 2024The Oil & Gas Development Company Limited (OGDCL), Pakistan’s industry leader in exploration and production (E&P), is making significant strides in the development of the country’s unconventional hydrocarbon resources. This follows incentives introduced by government under the new tight gas policy in 2024, which offers a 40% premium over the 2012 policy price to promote […]
Bull run at PSX continues as KSE-100 Index nears 96,000 By: APP on November 20, 2024The 100-Index of the Pakistan Stock Exchange (PSX) continued with witnessed bullish trend on Tuesday, gaining 861.00 points, a positive change of 0.91 percent, closing all time high at 95,856.67 points as compared to 94,995.67 points on the last trading day. A total of 830,931,008 shares were traded during the day as compared to 765,206,618 […]
Dutch envoy, finmin discuss ways to strengthen ties By: APP on November 20, 2024Ambassador of the Kingdom of the Netherlands to Pakistan on Tuesday called on Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb to discuss matters of mutual interest and explore ways for further strengthening the existing ties between Pakistan and The Netherlands. According to press release issued by finance ministry, during the meeting, various aspects […]