PSX gains 725 points to close at 59,811 By: APP on November 28, 2023The 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 724.99 points, a positive change of 1.23 percent, closing at 59,811.34 points against 59,086.35 points the previous trading day. A total of 657,580,760 shares valuing Rs 20.272 billion were traded during the day as compared to 658,424,782 shares valuing Rs 22.015 billion […]
PAF Air War College delegation briefed about water, hydel power scenario in Pakistan By: Agencies on November 28, 2023With completion of eight under-construction water and hydropower projects of WAPDA, the carry over water capacity in the country will increase from 30 days to 45 days with an addition of 9.7 MAF water storage, while hydel power generation of WAPDA will also be doubled to more than 18,000 MW with an increase of 9,043 […]
Gold rates up by Rs 1,100 to Rs 217,600 per tola By: APP on November 28, 2023The per tola price of 24 karat gold increased by Rs.1,100 and was sold at Rs 217,600 on Monday compared to its sale at Rs 216,500 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs 943 to Rs 186,557 from Rs185,614 whereas the prices of 10 gram […]
Rupee shed 27 paisas against dollar By: APP on November 28, 2023Pakistani Rupee on Monday witnessed 27 paisa devaluation against US Dollar in the interbank trading and closed at Rs 285.64 against the previous day’s closing at Rs285.37. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market stood at Rs 285.2 and Rs 2888 […]
ICCI calls for supportive industrial policy for SMEs By: Agencies on November 28, 2023Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry welcomed the constitution of an Industry Advisory Council led by Dr. Gohar Ejaz, Federal Minister for Commerce to formulate the country’s industrial policy and stressed that the new industrial policy should be supportive of the SMEs. Ahsan Bakhtawari said that SMEs are the backbone of […]
China’s thermal coal imports jump, crowding out India By: Agencies on November 28, 2023China’s imports of thermal coal in November are poised to surge to the second-highest monthly total this year, helping drive prices higher for the grades most commonly sought by the world’s biggest buyer of the power station fuel. Thermal coal imports are expected to be around 29.21 million metric tons in November, up from October’s […]
SCCI President, Senator Muhsin inaugurate fundraising for orphans By: APP on November 28, 2023Sarhad Chamber of Commerce and Industry president Fuad Ishaq and founder of Aziz Jan Institute of Learning and a leading industrialist Senator Mohsin Aziz on Monday here inaugurated a day-long funfair/fundraising event themed: ‘KP Cultural Carnival’ at SOS Children’s Villages Pakistan’, Khyber Pakhtunkhwa, Peshawar. The event aimed at fundraising for the ‘Kafalat’ of orphan children […]
60% of Pakistanis willing to accept lower salary to work for sustainability By: APP on November 27, 2023Approximately 60% of respondents in Pakistan are willing to accept a lower salary to work for sustainability-focused organizations, as revealed by a survey conducted by GSMA Intelligence with support from Huawei. This figure is notably higher compared to about half of respondents, on average, in other countries surveyed, according to a news release. Pakistan is […]
New railway links Lijiang, Shangri-la in southwest China By: APP on November 27, 2023A railway linking the cities of Lijiang and Shangri-la, two well-known tourist destinations in southwest China’s Yunnan Province, opened to traffic on Sunday, according to local authorities. With the operation of the Lijiang-Shangri-la railway, the fastest travel time between the two cities will be 1 hour and 18 minutes. The 139-km railway also connects Shangri-la, […]
Industrial revival — Experts demand out of box solutions By: APP on November 27, 2023When the world nations are embarking on Fifth Industrial Revolution (5IR) with ample use of Artificial Intelligence, Pakistan is still struggling to rise up to this challenge from existing 2IR or 3IR. Amidst persisting economic recession due to issues like power and raw material price hike and interest rate, Pakistan once reckoned among top ten […]