OGDCL’s profit down 7% in FY24 despite higher sales By: News Desk on September 24, 2024Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company, reported a profit-after-tax (PAT) of Rs208.98 billion for fiscal-year ended June 30, 2024. Earnings registered a decline of nearly 7% as compared to Rs224.62 billion in the same period of the previous year (SPLY), showed the E&P’s latest financial results […]
SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall By: News Desk on September 24, 2024The State Bank of Pakistan (SBP) posted a massive profit of Rs3.42 trillion in FY24, a nearly 200% jump from last year’s Rs1.142 trillion as higher interest rates and exchange gain helped the central bank post record earnings. “Higher interest rates and stable Pakistani Rupee helped SBP post these huge profits,” Mohammed Sohail, CEO of […]
Pakistan’s regional exports increase 14.05% during July-August 2024 By: APP on September 24, 2024Pakistan’s exports to the seven regional countries increased by 14.05 per cent in the first two months of the current fiscal year (2024-25) compared to the corresponding months of last year.The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for a small amount of $664.129 […]
Rupee sheds 3 paisa against dollar By: APP on September 24, 2024Pakistani rupee on Monday depreciated by 3 paisa against the US dollar in the interbank trading and closed at Rs 277.86 against the previous day’s closing of Rs 277.83. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279 and […]
Gold price per tola decreases Rs600 in Pakistan By: News Desk on September 24, 2024After increasing for three consecutive sessions, gold prices in Pakistan declined on Monday in line with their decrease in international rates. In the local market, the price of gold per tola was down by Rs600, clocking in at Rs271,900. Similarly, 10-gram gold was sold at Rs233,110 after it recorded a decrease of Rs471, according to […]
Pakistan a potential supplier in global kiwifruit market: Experts By: Agencies on September 24, 2024Pakistan is a potential supplier in global kiwifruit market, China Economic Net (CEN) reported on Monday quoting experts. According to the report, the newly concluded International Training Workshop on Kiwifruit Production in Sichuan, agricultural experts from Pakistan saw their country’s potential to become an important player in the world’s kiwifruit market, through collaborating with China. […]
Sazgar Engineering revs up for local assembly by 2025 By: News Desk on September 24, 2024Sazgar Engineering Works Limited (SAZEW), a Pakistani auto manufacturer, on Monday announced its plans to launch New Energy Vehicles (NEVs) in the country. The listed company also plans to roll out the CKD [Completely Knocked Down] models of NEVs before the end of December 31, 2025, it informed in a notice to the Pakistan Stock […]
Badiuddin Akber, CEO-CDC elected as Chairman ACG By: pr on September 24, 2024Badiuddin Akber CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of Asia-Pacific Central Securities Depositories Group (ACG) for the three year term of 2024-2027 during the proceedings of the ACG’s 26th Annual General Meeting held in Almaty, Kazakhstan on September 11, 2024. Accordingly, Central Depository Company of Pakistan Limited has also […]
KP accuses Centre of inaction on NCP vehicles By: inp on September 24, 2024Adviser to Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur on Information Barrister Saif said on Monday that despite the fact that the KP government had sent suggestions to the federal government to regularize non-custom paid (NCP) vehicles in the erstwhile tribal areas as well as Malakand, the latter was yet to give any response. […]
PSX witnesses bearish trend, loses 223 points By: APP on September 24, 2024The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 223.95 points, a negative change of 0.27 percent, closing at 81,850.50 points against 82,074.45 points on the last working day. A total of 400,309,071 shares were traded during the day as compared to 482,373,803 shares the previous trading day, whereas the […]