Rupee sheds 8 paisa against dollar By: APP on November 5, 2024Pakistani rupee on Monday depreciated by 8 paisa against the US dollar in the interbank trading and closed at Rs 277.78 against the previous day’s closing of Rs 277.70. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.35 and […]
Gold prices increase by Rs.700 per tola By: APP on November 5, 2024The price of 24 karat per tola gold increased by Rs.700 and was sold at Rs.283,700 on Monday compared to its sale at Rs. 283,000 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs. 600 to Rs. 243,227 from Rs. 242,627 whereas the price of 10 gram […]
Services’ trade up by 5.77% in 1st quarter By: APP on November 5, 2024The export of various services witnessed a 5.77 percent increase during the first quarter of the current fiscal year compared to the corresponding months of last year. According to the latest PBS data, Pakistan earned $1.906 billion from the export of services during July-September FY2024-25 as compared to services’ export of $1.802 billion in July-September […]
Export of sport goods increases 2.13% to $93.08m By: APP on November 5, 2024The export of sport goods from the country witnessed an increase of 2.13 percent during the first three months of the current fiscal year (2024-25) as compared to the export of corresponding months of last year. The country exported sport goods worth US$ 93.087 million during July-September (2024-25) as opposed to the export of US$ […]
PCJCCI keen to transform Pakistan’s industrial economy By: APP on November 5, 2024Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) President Nazir Hussain Monday suggested transforming the industrial economy of Pakistan to the digital economy as per the Chinese model that has proved to be the best practice in this regard. During a discussion on digitalization of the national economy here at PCJCCI think-tank meeting, he […]
SCCI, PSATAF agree for joint initiatives to attract foreign investment By: APP on November 5, 2024Sarhad Chamber of Commerce and Industry and Pakistan South Africa Trade Federation (PSATF) have decided to launch joint initiatives to attract foreign investment in various potentials and sectors of Khyber Pakhtunkhwa. The decision came during a meeting of SCCI president Fazal Moqeem Khan and PSATF Chairman Muhammad Rafiq Memon, who is currently leading a delegation […]
SMEs shocked over hike in petroleum prices despite cut in world market By: Agencies on November 4, 2024The All Pakistan Business Forum (APBF) has rejected the recent increase in prices of petroleum products, as despite a decline in the international market, the government has increased the prices of petrol and high-speed diesel which is unjust and unfair. The APBF appealed the government to bring down the prices of utilities to the regional […]
Chinese solar panels ease pressure on Pakistan Grid By: Agencies on November 4, 2024Affordable Chinese solar modules accounting for 10,450 MW in the first half of 2024 has eased out pressure on Pakistan national grid system. Inflow of financially viable Chinese solar panels in Pakistan have also made the people heave the sigh of relief upset by power outage as millions of people in Pakistan have been switching […]
Gold shines at Rs290,300 per tola By: APP on November 4, 2024The price of 24-karat gold was recorded at Rs290,300 per tola on Sunday. According to local Sarafa and Gold Associations, the bullion market registered the price of 24-karat gold at Rs248,890 per 10g on Sunday. The price of gold in Pakistan fluctuates several times per the international market, so the cost is never fixed.
PIAF calls for proactive economic agenda for sustainable industry growth By: Agencies on November 4, 2024The Pakistan Industrial and Traders Associations Front (PIAF) has stated that political uncertainty has rattled the Pakistan economy, asking the government to take proactive measures to encounter external and domestic challenges, besides stabilizing the economy. In a statement issued here today, the PIAF Chairman Faheemur Rehman Saigol outlined a comprehensive economic agenda aimed at steering […]