Food exports grew by 48.17% in 9 months By: APP on April 20, 2024Food group exports from the country during the first nine months of the current financial year (2023-24) increased by 48.17 per cent as compared to the exports of the corresponding period of last year. During the period from July-March, 2023-24, food commodities valued at $5.651 billion were exported as against the exports of $3.814 billion […]
US encourages Pakistan to prioritise and expand economic reforms By: inp on April 20, 2024US State Department principal deputy spokesperson Vedant Patel while briefing the newsmen in Washington on Thursday said that the United States encourages Pakistan to prioritize and expand economic reforms, to address its own economic challenges. He said that Pakistan finance minister is in the United States for a part of a series of engagements with […]
Aurangzeb calls for robust financial safeguards against climate vulnerabilities By: APP on April 19, 2024In a high-profile meeting held at the sidelines of the IMF/World Bank 2024 Spring Meetings in Washington DC, Federal Minister for Finance and Revenue, Muhammad Aurangzeb emphasized the need for a robust financial safety net and capacity building to address geo-economic impacts and climate vulnerabilities. Speaking at the Middle East, North Africa, Afghanistan and Pakistan […]
Gold rates dip by Rs 1,700 to Rs 250,200 per tola By: APP on April 19, 2024The per tola price of 24 karat gold witnessed a decrease of Rs 1,700 and was sold at Rs 250,200 on Thursday as compared to its sale at Rs. 251,900 on the previous day. The price of 10 grams of 24 karat gold decreased by Rs1,458 and was sold at Rs 214,506 against the sale […]
Rupee sheds 4 paisa against dollar By: APP on April 19, 2024Pakistani Rupee on Thursday depreciated by 04 paisa against the US dollar in the interbank trading and closed at Rs278.43 against the previous day’s closing of Rs278.39. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.5 and Rs280.25 respectively. The […]
Textile exports earn $12.444 billion for Pakistan in 9 months By: APP on April 19, 2024Pakistan earned $12,444.820 million from exports of textile products during the first nine months of the current financial year (2023-24), the Pakistan Bureau of Statistics (PBS) reported here on Thursday. The exports of the textile product however, witnessed a nominal decline of 0.25 percent during July-March (2023-24) as against the exports of $ 12,476.444 million […]
PSX loses 43 points By: APP on April 19, 2024The 100-Index of the Pakistan Stock Exchange (PSX) on Thursday lost 43.20 points, a slight negative change of 0.06 percent, closing at 70,290.12 points against 70,333.32 points the previous trading day. A total of 440,314,409 shares valuing Rs.24.362 billion were traded during the day as compared to 442,096,653 shares valuing Rs.16.034 billion the last day. […]
Cyber Salus expands Global footprint with launch in Middle East, Pakistan By: APP on April 19, 2024Cyber Salus, a leading cybersecurity company and the fastest-growing cyber company in North America, announced its official launch in the Middle East and Pakistan. The event was attended by the representatives of the corporate world and the media. The Consul General of United States, Conrad Tribble was the chief guest of the event while Chairman […]
MPCL makes new gas discovery By: inp on April 19, 2024Mari Petroleum Company Limited (MPCL) has announced a major discovery of natural gas in the Marighazj Formation field located in Sindh province, Pakistan. This news comes as a welcome development for the country, which is grappling with a growing energy demand and depleting natural gas reserves. According to MPCL, the newly discovered well has the […]
CPA seeks Rs 2.94 per unit hike in power rates By: inp on April 19, 2024The Central Power Authority (CPA) has requested the National Electric Power Regulatory Authority (Nepra) to increase the electricity price by Rs 2.94 per unit for the month of March. This request is part of the fuel price adjustment process. The CPA’s data reveals a diverse mix of fuel sources utilized in March as Hydel at […]