‘Pakistan inflation cools, rate cut expected’ By: News Desk on September 22, 2024The slowing inflationary trend in Pakistan is likely to continue in September, and projected to come down to almost a four-year low, said JS Global in a report on Saturday. “Progressing through the ‘year of disinflation’ on favourable base effect from last year’s elevated prices, Pakistan’s Sep-2024 CPI [Consumer Price Index] is expected to clock […]
Rana Tanveer initiates process to enhance provincial coordination for SMEs development By: APP on September 22, 2024Federal Minister for Industries and Production Rana Tanveer Hussain has initiated a process to enhance coordination with provincial governments for equitable development of the SMEs across the country as per advice of Prime Minister Shehbaz Sharif. In this regard, he held a meeting with Punjab government’s Industries department at PCOM, according to a SMEDA spokesman […]
Gwadar Port set to handle 50% of country’s key imports By: DNA on September 22, 2024Gwadar Port, once a small fishing village and now a major harbor developed under the China-Pakistan Economic Corridor (CPEC), is poised to play a crucial role in Pakistan’s import strategy. According to a recent report, authorities have decided to route 50% of the country’s imports, including wheat, sugar, and fertilizers, through Gwadar Port. This development […]
Gold price hits fresh record high of Rs272,500 per tola By: News Desk on September 22, 2024Gold prices in Pakistan continued to march upwards on Saturday in line with their increase in international rates. In the local market, the price of gold per tola was up by Rs500, clocking in at Rs272,500, which is the latest record high in Pakistan. Similarly, 10-gram gold was sold at Rs233,625 after it recorded an […]
Dewan Farooque Motors begins electric vehicle production By: DNA on September 22, 2024Dewan Farooque Motors Limited (DFML) has initiated electric vehicle production at its assembly plant under the Engineering Development Board, with support from the Special Investment Facilitation Council (SIFC). This move marks a significant development in Pakistan’s automotive sector. In June of this year, DFML signed a tool manufacturing agreement with Eco-Green Motors Limited for the […]
Pakistan Railways announces reduction in train fares By: inp on September 22, 2024Pakistan Railways has announced a 10% reduction in train fares, effective from September 23. As per details, the fare cut will apply to all AC classes of express and mail trains, as well as all economy classes of passenger trains. Earlier, the railway department decided to operate 10 passenger trains under the public-private partnership (PPP) […]
Auction for debt-stricken PIA set for October 1 with six bidders By: inp on September 22, 2024The Privatization Commission of Pakistan has announced that the auction for Pakistan International Airlines (PIA) will take place on October 1. This decision follows a recent meeting focused on the airline’s privatization process. Six bidders have been pre-qualified for the auction, including Fly Jinnah, a consortium led by YB Holdings, Air Blue Limited, a consortium […]
Pak firm signs RMB 75m agreement with China’s CET By: Agencies on September 22, 2024Pakistan’s Newage Cables entered into a significant agreement worth RMB 75 million with the China Electric Power Equipment & Technology Co. Ltd. (CET) for supply of specialized control cables. These cables will play a critical role in the development of Pakistan’s largest grid station, Lahore North, along with two other key stations at Lahore, Nokhar […]
PSX continues with bullish trend, gains 615 more points By: News Desk on September 21, 2024The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 615.16 more points, a positive change of 0.76 percent, closing at 82,074.45 points against 81,459.29 points on the last working day. A total of 482,373,803 shares were traded during the day as compared to 459,037,985 shares the previous day, whereas […]
Sahiwal Coal Power Plant paid Rs 120.5 bln tax so far By: APP on September 21, 2024Since its establishment, the Sahiwal Coal Power Plant has made a significant contribution to Pakistan’s fiscal landscape, with approximately Rs 120.5 billion in taxes paid to the Federal and provincial governments. These tax contributions are a testament to the plant’s role in driving economic growth and supporting public finances, said a press release issued here […]