Taiwan questions two in probe into Lebanon pager attack By: AFP on September 21, 2024Taiwan said on Friday that hundreds of pagers that exploded in Lebanon on Tuesday were not made in Taiwan after prosecutors prosecutors questioned two people associated with Gold Apollo, the Taiwanese company that produced the communication devices. Two people from Taiwanese companies were questioned as part of a probe into pagers that exploded while being […]
PSX continues with bullish trend, gains 997 more points By: Agencies on September 20, 2024The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 997.95 more points, a positive change of 1.24 percent, closing at 81,459.29 points against 80,461.34 points on the last working day. A total of 459,037,985 shares were traded during the day as compared to 400,195,963 shares the previous day, whereas […]
Pakistan’s power generation falls sharply amid rising costs, solarisation By: News Desk on September 20, 2024Power generation in Pakistan clocked in at 13,180 GWh (17,714 MW) in August 2024, a significant decline of over 17% YoY as compared to the same period of the previous year. Back in August 2023, power generation stood at 15,959 GWh (16,510MW). On a monthly basis, power generation registered a fall of 11.4% as compared […]
Food imports decline by 18.15% in first two months of FY 2024-25 By: APP on September 20, 2024Food group imports into the country experienced a significant decline of 18.15% during the first two months of the current financial year as compared to the imports of the corresponding period of the last year. From July to August 2024, Pakistan imported various food commodities valued at $1.066 billion, down from $1.303 billion during the […]
Gold rates up by Rs 800 per tola to Rs 268,500 By: APP on September 20, 2024The per tola price of 24 karat gold increased by Rs.800 and was sold at Rs.268,500 on Thursday compared to its sale at Rs.267,700 on the last trading day. The price of 10 grams of 24 karat gold also increased by Rs.685 to Rs. 230,195 from Rs. 229,510 whereas the price of 10 gram 22 […]
Rupee gains 13 paisa against dollar By: APP on September 20, 2024Pakistani rupee on Thursday appreciated by 13 paisa against the US dollar in the interbank trading and closed at Rs 277.91 against the previous day’s closing of Rs 278.04. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.20 and […]
IMF presses Pakistan to resolve $376b tax disputes By: inp on September 20, 2024The International Monetary Fund (IMF) has called for expedited handling of pending tax cases in Pakistan, highlighting that a staggering PKR 3.76 trillion in tax disputes are currently unresolved in various courts. According to officials from the Federal Board of Revenue (FBR), the value of cases pending before Appellate Tribunals has surged from PKR 1.46 […]
Pakistan’s blue economy could generate over $100 billion in revenue: British Envoy By: APP on September 20, 2024The British Deputy High Commission in Karachi Sarah Mooney said that incorporating blue economy in the national economy is of utmost importance for a country like Pakistan. She stated this while addressing as a chief guest at a World Maritime Day 2024 seminar organized by the Directorate of Electronic Media and Publication (DEMP) in collaboration […]
Chinese company inks agreement for NEVs’ charging stations By: Agencies on September 20, 2024Chinese company “ADM Group” has signed an agreement with two local Pakistani investment companies to build charging stations for New Electric Vehicles (NEVs) in Pakistan. According to the agreement, 3000 charging stations will be built across the country with an investment of 90 million dollars in the first phase. A signature ceremony was held in […]
Russian Deputy PM’s visit to boost trade : PFC CEO By: APP on September 20, 2024Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq Thursday said that Russian Deputy Prime Minister Alexey Overchuk’s visit will further promote trade ties between the two countries with a special focus on energy sector and infrastructure, paving the way for closer economic collaboration in the future. Commenting here on the visit, he said […]