Steps under way for expediting cotton cultivation By: APP on April 25, 2024Director Agriculture Sargodha region Muhammad Shahid said that in line with special directives of Punjab government, special steps were under way for expediting the cotton produce in the region. While talking to APP here on Wednesday,he said that a target was set to cultivate cotton on an area of 197,000 acres in the division in […]
Pakistan catching ride on global EV boom By: APP on April 25, 2024Pakistan, in its timely joining the global trend, is ramping up cooperation with international EV giants to amplify its own competence. Last month, Automobile brand Huazi Green Energy, a joint Pakistan-China venture, announced the plan to display the first electric car in Islamabad this month, achieving yet another score in Pakistan’s EV endeavour. In May, […]
PSX sheds 74 points in volatile session By: Agencies on April 24, 2024Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday, with the benchmark KSE-100 Index shedding 74.06 points (-0.10 percent) to close at 71,359.40 points. The market opened on a sharp positive note; however, trading at the KSE-100 remained volatile throughout the session as the index swayed both ways. The index came under heavy selling […]
Gold price dips by Rs7,800 to Rs240,900 per tola By: Agencies on April 24, 2024Gold price in the country dipped by Rs7,800 per tola on Tuesday following a decrease in the price of the yellow metal in the international market. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold decreased to Rs240,900 from Rs248,700. Similarly, the price for 10 grams […]
PKR slips further to 278.38 against USD By: Agencies on April 24, 2024The rupee depreciated against the US dollar for the second straight session in the inter-bank market with a depreciation of five paisas on Tuesday. According to data released by the State Bank, the rupee shed around 0.02 percent in value against the dollar over the previous session’s closing value. The data showed that the rupee […]
Bitcoin manages to remain stable around $66,000 By: Agencies on April 24, 2024The cryptocurrency market remained positive on Tuesday, with the market capitalization gaining 0.3 percent to reach $2.56 trillion. As of 1330 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, inched up to $66,106 with an increase of 0.1 percent in the last 24 hours. The market capitalization of the biggest […]
Oil prices drift lower for second day By: Agencies on April 24, 2024Crude oil price fell for the second straight session on Tuesday as the market weighed the potential fallout from any fresh US sanctions on Iran’s oil exports. As of 1320 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, slipped $0.70 (-0.80 percent) to reach $86.30 a barrel. Similarly, the West Texas […]
CCP conditionally approves technology transfer agreement By: APP on April 24, 2024The Competition Commission of Pakistan (CCP) has granted a time-bound approval to the exemption application for the technology transfer and license agreement between the Sui Southern Gas Company Limited (SSGCL) and USA-based M/s Itron Inc. with certain conditions to be complied. The scope of agreement where exclusivity clauses have been allowed by the Commission is […]
Romina, Swiss official vow to bolster agriculture resilience collaboration By: APP on April 24, 2024Prime Minister’s Coordinator on Climate Change and Environmental Coordination Romina Khurshid Alam on Tuesday held a meeting with Elise Lee, Asia head of Swiss company Pula, to discuss implementation of climate change resilience frameworks for federal and provincial governments through comprehensive insurance. During the meeting, both sides agreed to close collaboration and consistent engagements aiming […]
Pakistan attracted $153.9mn net FDI from China in March By: Agencies on April 24, 2024China’s investment in Pakistan’s economy surged in March 2024, with the State Bank of Pakistan (SBP) reporting a substantial inflow of $161.2 million in foreign direct investment (FDI). However, after factoring in an outflow of $7.3 million, the new inflow settled at $153.9 million. In March 2024, Pakistan attracted $311.2 million in FDI from multiple […]