Gold price per tola increases Rs2,700 By: News Desk on October 12, 2024After decreasing in the previous session, gold prices in Pakistan surged on Friday in line with their increase in international rates. In the local market, the price of gold per tola gained Rs2,700, clocking in at Rs273,900. Similarly, 10-gram gold was sold at Rs234,825 after it recorded an increase of Rs2,315, according to rates shared […]
Rupee gains 16 paisa against dollar By: APP on October 12, 2024Pakistani rupee on Friday appreciated by 16 paisa against the US dollar in the interbank trading and closed at Rs277.63 against the previous day’s closing of Rs277.79. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs278.25 and Rs279.75 respectively. The […]
FBR gears up to net big fish to improve tax collection, says Langrial By: inp on October 12, 2024Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial said that the Board was gearing up for a massive crackdown on tax evaders and non-filers anytime soon. Speaking at a press conference, he claimed that the FBR had comprehensive data of those who had failed to file their tax returns. Langrial, who was flanked by […]
PSX gains 30 points By: APP on October 12, 2024The 100-Index of the Pakistan Stock Exchange (PSX) gained 30.18 points on Friday, showing a nominal positive change of 0.04 percent, closing at 85,483.40 points against 85,453.22 points on the last trading day. A total of 560,740,534 shares were traded during the day as compared to 503,750,595 shares the previous trading day, whereas the price […]
China’s leading company launches its new fintech platform in Pakistan By: Agencies on October 12, 2024A leading Chinese financial technology company and pioneer in China’s online consumer finance industry has formally launched Daira, its new fintech platform in Pakistan. This launch marks a significant milestone in providing localized and secure digital fintech services tailored to the Pakistani market, Gwadar Pro reported on Friday. The reports says, situated at a pivotal […]
PTA conducts mobile QoS survey By: APP on October 12, 2024The Pakistan Telecommunication Authority (PTA) conducted an independent Quality of Service (QoS) survey in 23 cities across Sindh, Punjab, Balochistan, and Khyber Pakhtunkhwa to evaluate the performance of Cellular Mobile Operators (CMOs). According to news release of the PTA, survey routes covered main and service roads, and sectors, colonies, with around 4,000 km traveled per […]
Short term inflation eases by 0.08% By: APP on October 12, 2024The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.08 percent for the combined consumption groups during the week ended on October 10, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded […]
Hexalyze shines at Singapore Tech Week for the first time on October 11, 2024KARACHI: Hexalyze, one of the IT exporting Pakistani companies, is participating in Singapore Tech Week for the first time under the banner of “TechDestination Pakistan. CEO Hexalyze Saad Shah said that Pakistan’s IT companies are now actively exploring new markets in different markets, mainly the Asean region through Singapore to enhance the exports in terms […]
Pakistan on road to economic recovery, says finmin By: inp on October 10, 2024Federal Minister for Finance Muhammad Aurangzeb has stated that Saudi Arabia’s private sector will make investments in Pakistan. Addressing the Pak-Saudi Arab Business Forum event, the finance minister said Pakistan was on the track of economic development and stability. He welcomed the Saudi investors in Pakistan and hailed their investment decision. He said work on […]
PSX loses 216 points By: APP on October 10, 2024The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend, losing 216.06 points on Thursday, a negative change of 0.25 percent, closing at 85,453.22 points against 85,669.28 points on the last trading day. A total of 503,750,595 shares were traded during the day as compared to 596,052,076 shares the previous trading day, whereas the […]