Mobilink Bank upgrades treasury operations with AutoSoft Dynamics for enhanced efficiency on July 25, 2024Islamabad – July 25, 2024: Pakistan’s leading digital microfinance bank, Mobilink Bank, has brought on board AutoSoft Dynamics, a renowned global provider of core banking and financial application solutions, as a strategic partner to automate their treasury operations. Under this partnership, AutoSoft will facilitate Mobilink Bank’s seamless integration with the State Bank of Pakistan’s (SBP) […]
US dollar continues upward trajectory against Pakistani rupee on July 25, 2024The price of the US dollar reached Rs278.65 in the interbank trading against the Pakistani rupee on Wednesday. The American currency continued its upward trajectory in the interbank trading against the local unity. The KSE-100 index gained 302 points and reached the 79700 benchmark.
Stakeholders urged to collaborate for enhancing digital supply chain finance during 5th DIGIBAP Summit 2024 on July 25, 2024Top representatives from the banking and fintech sectors along with state regulators gathered to discuss ways and suggest implementable solutions to digital based financing for supply chains for small and medium enterprises and the agriculture sectors at the 5th DigiBAP Summit 2024 on Monday at a local hotel. The summit featured panel discussions and presentations […]
Cement exports surges 40.36pc to $266.516m By: APP on July 25, 2024The exports of cement witnessed an increase of 40.36 per cent during the fiscal year 2023-24, as against the exports of the corresponding period of last year. The cement exports from the country were recorded at US $266.516 million during July-June (2023-24) against the exports of US $189.876 million during July-June (2022-23), according to the […]
PSX soars by 409.92 points to close at 79,397.01 By: APP on July 25, 2024The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Wednesday, gaining 409.92 points, a positive change of 0.52 percent, closing at 79,397.01 points against 78,987.09 points on the last working day. A total of 386,980,823 shares were traded during the day as compared to 316,245,462 shares the previous day, whereas the price […]
Rupee sheds 10 paisa against dollar By: APP on July 25, 2024Pakistani rupee on Wednesday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs 278.50 against the previous day’s closing of Rs 278.40. 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 and […]
Gold rates see big increase in Pakistan By: APP on July 25, 2024The price of per tola of 24 karat gold increased by Rs.2,300 and was sold at Rs. 252,800 on Wednesday against its sale at Rs. 250,500 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs. 1,972 to Rs. 216,735 from Rs. 214,763 whereas that of 10 gram […]
APTMA, Kissan Ittehad demand review of IPP agreements By: Agencies on July 25, 2024The All Pakistan Textile Mills Association (APTMA) on Wednesday has demanded review of the IPPs agreements and forensic audit of the independent power producers (IPPs). Chairman APTMA Asif Inam has said that the expensive electricity has made it difficult to export. “We have pointed out the line of action,” he said. He demanded of the […]
WAPDA supplied 34.436bn units to national grid during FY 2023-24 By: APP on July 25, 2024Water and Power Development Authority (WAPDA) has supplied around 34.436 billion clean and los-cost units from its various hydel stations to the national grid system during the last fiscal year 2023-24. As per official data, 22 hydel power stations of WAPDA cumulatively provided 34.436 billion units of electricity in 2023-24, which is 3.266 billion units […]
Aleem invites Chinese firms to invest in different sectors By: APP on July 25, 2024Federal Minister of Investment Board, Privatization and Communications Abdul Aleem Khan on Wednesday said that Pakistan is extending business visa facility to investors from 124 countries including China and invited more Chinese companies to invest in different sector of national economy. Abdul Aleem Khan along with Minister for Commerce Jam Kamal and Special Assistant to […]