Textile exports increases by 10.44% to $6.146 bln in 4 months By: APP on November 19, 2024Textile exports witnessed an increase of 10.44 percent during the first four months of the current financial year (2024-25) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The textile exports from the country were recorded at US $ 6,146.105 million during July-October (2024-25) against the exports of US […]
CCP approves 50% acquisition of Total Parco by Gunvor Group By: APP on November 19, 2024The Competition Commission of Pakistan (CCP) on Monday granted approval for the acquisition of 50 percent share-holding in M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating under Switzerland’s Gunvor Group. Under the terms of the sale and purchase agreement, these shares will be transferred from M/s TotalEnergies Marketing Services to […]
Current account records $349m surplus in Oct 24: SBP By: APP on November 19, 2024The Pakistan’s external Current Account Balance witnessed positive improvement for the consecutive third month in October 2024 as Current Account recorded a surplus of $349 million in the month while Current Account for the first four months of the financial year 2024-25 recorded as $ 218 million, State Bank of Pakistan (SBP) reported on Monday. […]
RDA inflows rise to $8.953 bn in Oct-2024 By: APP on November 19, 2024The inflow of remittances under Roshan Digital Account (RDA) has risen to US $8.953 billion by the end of October 2024 as compared to US $8.749 billion by September (2024) end. The data showed that the inflows of remittances during October were recorded at US$ 204 million as compared to US$ 168 million in September […]
Follistatin-344 Peptide: Metabolism, Inflammation, and More on November 19, 2024Follistatin-344, a variant of the endogenously occurring follistatin protein, has recently garnered attention in various scientific domains due to its hypothesized impacts on muscular tissue development, tissue repair, and cellular signaling. This peptide, with unique structural characteristics and interactions, has piqued the curiosity of researchers across the sciences. Understanding the underlying mechanisms of this peptide […]
ADB delegation discusses management, governance initiatives with finance minister By: APP on November 19, 2024A delegation of the Asian Development Bank (ADB) led by Senior Director, Tariq H. Niazi called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the Finance Division on Monday. The meeting was also attended by ADB’s Country Director, Ms. Emma Fan and her team in Pakistan, according to press release issued by […]
Rupee sheds 19 paisa against dollar By: APP on November 19, 2024The Pakistani rupee on Monday depreciated 19 paisa against the US dollar in the interbank trading and closed at Rs 277.85 against the previous day’s closing of Rs 277.66.However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.40 and Rs […]
Gold prices up by Rs 2,500 to Rs 269,900 per tola By: APP on November 19, 2024The price of 24 karat per tola gold increased by Rs.2,500 and was sold at Rs.269,900 on Monday against its sale at Rs. 267,400, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also went up by Rs.2,144 to Rs.231,396 from Rs. 229,252 whereas that of 10 gram 22 […]
PSX gains 232 points By: APP on November 19, 2024The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 232 points, a positive change of 0.24 percent, closing at 94,995.67 points as compared to 94,763.64 points on the last trading day. A total of 765,206,618 shares were traded during the day as compared to 893,170,249 shares the previous trading day, […]
ICT export remittances surge by 34.9pc By: APP on November 19, 2024Pakistan’s ICT export remittances have witnessed a remarkable growth of 34.9%, reaching US$ 1.206 billion during the first four months of FY 2024-25 (July to October) said Minister of State for IT and Telecommunication Shaza Fatima Khawaja. In a statement, she said ICT exports were US$ 894 million in the same period last year (FY […]