WB country director meets FBR chairman By: APP on November 20, 2024The Country Director of World Bank Najy Benhassine on Tuesday met with Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial and his team to discuss the alignment of initiatives under Pakistan Raises Revenue Project with the FBR Transformation Plan. The meeting was also attended by Lead Country Economist Tobias Akhtar Haque, Public Sector Specialist […]
Governor SBP underscores need to support women entrepreneurs By: APP on November 20, 2024The Governor State Bank of Pakistan (SBP), Jameel Ahmad, Tuesday, emphasized the importance of supporting women entrepreneurs for pacifying economic growth in the country, noting that women currently make up less than 10 percent of total borrowers and hold only 26% of bank accounts. The governor SBP, while addressing the main event of Women Entrepreneurship […]
Gold prices increase further by Rs.3,600 per tola By: APP on November 20, 2024The price of 24 karat per tola gold increased further by Rs.3,600 and was sold at Rs.273,500 on Tuesday against its sale at Rs.269,900, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also went up by Rs.3,086 to Rs.234,482 from Rs. 231,396 whereas that of 10 gram 22 […]
Rupee sheds 10 paisa against dollar By: APP on November 20, 2024The Pakistani rupee on Tuesday depreciated 10 paisa against the US dollar in the interbank trading and closed at Rs 277.95 against the previous day’s closing of Rs 277.85. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.40 and […]
Foods exports surge by 21.73pc to $2.36bn in 4 months By: APP on November 20, 2024The food exports from Pakistan increased by 21.73 percent during the first four months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Food exports during July-October (2024-25) were recorded at $ 2,365.114 million as compared to the exports of $ 1,942.915 million in […]
PTCL Group Partners with Atlas Honda Ltd. to Champion Road Safety through Bike Safe Riding Training Initiative on November 19, 2024
Finance minister reviews progress on financing for priority sectors By: APP on November 19, 2024Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday held a virtual meeting with the Governor State Bank of Pakistan (SBP) and Chairman Pakistan Banks’ Association (PBA) and their teams to discuss progress on financing for the priority sectors. The minister appreciated the work done by PBA and SBP for coming up with […]
Textile exports increases by 10.44% to $6.146 bln in 4 months By: APP on November 19, 2024Textile exports witnessed an increase of 10.44 percent during the first four months of the current financial year (2024-25) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The textile exports from the country were recorded at US $ 6,146.105 million during July-October (2024-25) against the exports of US […]
CCP approves 50% acquisition of Total Parco by Gunvor Group By: APP on November 19, 2024The Competition Commission of Pakistan (CCP) on Monday granted approval for the acquisition of 50 percent share-holding in M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating under Switzerland’s Gunvor Group. Under the terms of the sale and purchase agreement, these shares will be transferred from M/s TotalEnergies Marketing Services to […]
Current account records $349m surplus in Oct 24: SBP By: APP on November 19, 2024The Pakistan’s external Current Account Balance witnessed positive improvement for the consecutive third month in October 2024 as Current Account recorded a surplus of $349 million in the month while Current Account for the first four months of the financial year 2024-25 recorded as $ 218 million, State Bank of Pakistan (SBP) reported on Monday. […]