Rupee sheds 5 paisa against dollar By: APP on November 8, 2024Pakistani rupee on Thursday depreciated by 5 paisa against the US dollar in the interbank trading and closed at Rs 277.94 against the previous day’s closing of Rs 277.89. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.50 and […]
CDNS decreases Savings Certificate, rates from Nov 4 By: APP on November 8, 2024The Central Directorate of National Savings (CDNS) has decreased the rates of return for its National Savings Certificates, marking amendments across different instruments from November 04, 2024. Return rates for Special Savings Certificates (SSC) have been adjusted down by 12.26 %, and Defense Savings certificates by 12.12 %, the senior official of CDNS told APP […]
GCIL launches ‘Pakistan’s largest ASU plant’ in KP By: News Desk on November 8, 2024Ghani Chemical Industries Limited (GCIL) on Thursday said it successfully commissioned “Pakistan’s largest Air Separation Unit (ASU) plant” in Hattar Special Economic Zone, located in District Haripur, Khyber Pakhtunkhwa (KP). GCIL, engaged in the manufacturing, sale and trading of medical, industrial gases and chemicals, shared the development in a notice to the Pakistan Stock Exchange […]
Maritime sector earns Rs 90 bln profit in last FY: Minister By: APP on November 8, 2024Federal Minister for Maritime Affairs Qaisar Ahmed Sheikh on Thursday said Pakistan’s maritime sector recorded a profit of 90 billion rupees in last fiscal year due to strategic initiatives and investments aimed at transforming Pakistan into a regional maritime hub. Addressing a press conference here at Press Information Department (PID), the minister said the share […]
Machinery imports up by 21.68% in Q1 of FY 2024-25 By: APP on November 8, 2024The imports of the overall machinery group experienced a substantial increase of 21.68 percent during the first quarter of the current fiscal year (July -September) compared to 2023-24. The growth in machinery imports would help elevate productivity and spur technological advancements in essential sectors, leading to economic expansion and progress in infrastructure development. The total […]
LCCI demands well-consulted policy for paper sector By: APP on November 8, 2024The government should formulate well-consulted and well-thought-out supportive policies for Pakistan’s paper industry, a vital sector that underpins education, publishing, packaging and other industries, but is currently facing significant challenges. Lahore Chamber of Commerce and Industry (LCCI) President Mian Abuzar Shad and Senior Vice President Engineer Khalid Usman expressed these views while talking to an […]
Pakistan Pavilion eyes new export opportunities By: APP on November 8, 2024Pakistan pavilion attracting good number of international buyers and investors at the 10th edition of Gulfood manufacturing 2024 at Dubai World Trade Centre. Convener Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Regional Committee on Food and Snacks, Shahid Imran currently participating in the 3-day expo from November 5-7 said, the event one of […]
Pakistani firms urged to strengthen ties at SFF By: APP on November 8, 2024Pakistan’s High Commissioner to Singapore Rabia Shafiq on Thursday inaugurated the Pakistan Pavilion at the prestigious Singapore Fintech Festival (SFF) 2024 wherein she encouraged Pakistani firms to maximize this opportunity to build international partnerships and showcase Pakistan’s growing technological expertise. “Pakistan’s rapidly growing technology talent, strategic geolocation for penetrating Asian markets and a favourable time […]
Nestlé reveals USD 50 Million export ambition for Pakistan by 2030 on November 7, 2024The Federal Minister for Industries & Production, Rana Tanveer Hussain, has expressed high regard for Nestlé’s role in promoting exports across multiple categories in the packaged food sector. Nestlé has notably expanded its export operations, now reaching26 countries and generating an impressive USD 23 million in 2024 alone. Nestlé has strengthened its commitment to advancing […]
Hexalyze shines at Singapore Fintech Festival on November 7, 2024KARACHI: Pakistan’s IT companies and fintech operators are looking to grab business opportunities in the fintech sector worldwide, expanding their footprint in different countries, attracting investment, and winning projects against their innovative services and products, which is depicting the participation of over ten companies in the most significant global event—Singapore Fintech Festival. Over 10 tech […]