Oil giant BP reports drop in third-quarter net profit By: APP on October 30, 2024Britain’s BP on Tuesday announced a sharp fall in net profit for the third quarter, with the oil and gas giant hit by weak oil trading and refining margins. Profit after taxation slumped to $206 million in the three months to September, after a net profit of $4.9 billion in the same period in 2023, […]
Gold prices up by Rs.1,600 to Rs.285,000 per tola By: APP on October 30, 2024The price of 24 karat per tola gold increased by Rs.1,600 and was sold at Rs.285,000 on Tuesday compared to its sale at Rs. 283,400 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.1,372 to Rs.244,342 from Rs. 242,970 whereas the price of 10 gram 22 karat […]
Rupee sheds 6 paisa against dollar By: APP on October 30, 2024The Pakistani rupee on Tuesday depreciated by 06 paisa against the US dollar in the interbank trading and closed at Rs 277.74 against the previous day’s closing of Rs 277.68. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.25 […]
Service Center launched to boost China-Pakistan agri cooperation By: Agencies on October 30, 2024The Overseas Luban Workshop Agricultural Machinery Service Center, Pakistan was inaugurated at the International Conference Center in Changsha, Hunan. It aims at enhancing agricultural capabilities in Pakistan and fostering greater cooperation between China and Pakistan in agricultural mechanization, China Economic Net (CEN) reported on Tuesday. The unveiling ceremony marked a collaboration between the China Agricultural […]
Seed (Amendment) Bill, 2024 smoothly sails through Senate By: APP on October 30, 2024The Senate on Tuesday passed the Seed (Amendment) Bill, 2024 aimed at establishing inter alia a National Seed Development and Regulatory (the “Authority”) and the Seed Tribunals. Minister for National Food Security and Research Rana Tanveer Hussain, moved that the bill further to amend the Seed Act, 1976 [The Seed (Amendment) Bill, 2024], as passed […]
Govt to facilitate foreign and local investors: Minister for Industries and Commerce on October 29, 2024Sindh Minister for Industries and Commerce Jam Ikramullah Khan Dharejo said the provincial government is working to facilitate foreign and local investors to invest in the food and allied sectors sector and to generate economic activities and employment for the youth. Inaugurating the 17th Plastic Packaging, Corrugated & Food Asia International Exhibition at Expo Center […]
PSX crosses all-time high of 91,000 during intra-day trading By: APP on October 29, 2024The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 201.55 points, a positive change of 0.22 percent, closing at 90,195.52 points as compared to 89,993.97 points on last trading day. A total of 567,264,435 shares were traded during the day as compared to 695,544,676 shares the previous trading day, whereas […]
Motorbikes, three-wheelers sale increases 19.03% during Jul-Sept By: APP on October 29, 2024The sale of motorbikes and three-wheelers in the country has witnessed an increase of 19.03 per cent during the first three months of the current fiscal year (2024-25) as compared to sales of the corresponding months of the last year. During the months under review, as many as 320,187 motorbikes and three-wheelers were sold against […]
Pakistan vows full support for Saudi investment in country By: Agencies on October 29, 2024Pakistan will ensure all possible support for Saudi Arabia’s investment in various projects of the country, Privatization Minister Abdul Aleem Khan said on Monday, as he held a follow-up meeting with the kingdom’s Assistant Minister of Investment Ibrahim AlMubarak regarding the various agreements signed between the two countries this month. Pakistan and Saudi Arabia this […]
Volkswagen labour chief sounds alarm on mass layoffs By: Agencies on October 29, 2024Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff, and shrink its remaining plants in Europe’s biggest economy as it plots a deeper-than-expected overhaul, the carmaker’s works council head said. Europe’s biggest carmaker has been negotiating for weeks with unions over its plans to revamp its business […]