PSX loses 589 points By: APP on September 27, 2024The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Thursday, losing 589.95 points, a negative change of 0.72 percent, closing at 81,657.97 points against 82,247.92 points on the last working day. A total of 423,942,319 shares were traded during the day as compared to 422,163,158 shares the previous trading day, […]
FBR unveils tax education drive, warns evaders By: APP on September 27, 2024The Federal Board of Revenue (FBR) Spokesperson Bakhtiar Muhammad on Thursday announced a nationwide initiative to boost tax compliance where the department will conduct seminars to educate taxpayers and after this campaign, the FBR will impose strict penalties on those who fail to comply with tax regulations. Talking to PTV news channel, he said through […]
Rupee gains 16 paisa against dollar By: APP on September 27, 2024Pakistani rupee on Thursday appreciated by 16 paisa against the US dollar in the interbank trading and closed at Rs 277.68 against the previous day’s closing of 277.84. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.75 and Rs […]
Gold prices hit Rs 277,000 per tola By: News Desk on September 27, 2024Gold prices in Pakistan maintained their upward trajectory on Thursday in line with their increase in international rates. In the local market, the price of gold per tola surged by Rs1,500, clocking in at Rs277,000, which is the latest record high in Pakistan. Similarly, 10-gram gold was sold at Rs237,482 after it recorded an increase […]
Pakistan, China Electrify Ties: Joint EV innovation on horizon By: APP on September 27, 2024Pakistan’s Consul General in Shanghai, Shehzad Ahmad Khan, reaffirmed Pakistan’s steadfast commitment to enhancing its bilateral relations with China, with a particular focus on the rapidly growing automotive sector. Speaking at the opening ceremony of a four-day 2024 Taizhou International Automobile Industry Expo, he said Taizhou’s pivotal role as a trailblazer in China’s automobile industry […]
Attock Petroleum expands EV charging network By: News Desk on September 27, 2024Attock Petroleum Limited (APL) has said that it plans to set up further electric vehicle (EV) charging stations across Pakistan, stressing that the expansion will not only help combat climate change but also align with green business initiatives by reducing the overall carbon footprint. The listed company, engaged in the procurement, and storage of petroleum […]
IMF Bailout: Key to economic recovery By: APP on September 27, 2024The recent much-awaited approval of a $7 billion bailout package from the International Monetary Fund (IMF) is being hailed as a pivotal development for Pakistan’s economy. Economic and financial experts strongly believed that this huge financial assistance will help play a crucial role in achieving macroeconomic stability, controlling inflation, and mitigating the ongoing price hikes […]
Agro, chemicals import grow by 4.28% By: APP on September 27, 2024The imports of agricultural and other chemicals into the country increased by 4.28 per cent as compared to the imports of the corresponding period of the last year. During the period from July-August, 2024 agricultural chemicals valued at $1.500 billion were imported as compared to the imports of $1.439 billion of the same period of […]
Leghari finds fault in power policy By: inp on September 27, 2024Federal Minister for Energy Awais Leghari has attributed the increasing electricity prices to a lack of strategic planning, asserting that reforms could potentially reduce rates to as low as Rs. 10 per unit. Speaking at a recent event, he announced plans to privatize 10 power companies by the end of this year and revealed that […]
PTCL and IFC-led syndicate come together to celebrate the historic financing deal for acquisition of Telenor on September 26, 2024 Karachi – September 26, 2024: Pakistan Telecommunication Company Limited (PTCL) and the International Finance Corporation (IFC) led consortium came together to formalize and celebrate the historic financing deal for PTCL’s acquisition (subject to regulatory approvals) of Telenor Pakistan and Orion Towers (Private) Limited at a special event in Karachi. PTCL signed a share purchase […]