SCCI demands resumption of Peshawar-Karachi PIA flight operation By: APP on September 20, 2024Sarhad Chamber of Commerce and Industry (SCCI) has expressed concern over closure of PIA flight operation from Peshawar to Karachi and demanded for its immediate resumption. Fuad Ishaq, president of the SCCI, in a statement issued here on Thursday, said PIA was operating only one flight from Peshawar to Karachi within a week and this […]
Cotton production drops by over 63pc By: APP on September 19, 2024Country’s cotton production has dropped by 63.55 per cent this year, says the latest report by the Pakistan Cotton Ginners Association (PCGA), here on Wednesday. By September 15, 2024, only 1.43 million bales have been produced which is a remarkable drop from 3.93 million bales during the same period last year. Punjab, the country’s largest […]
POL imports up by 22.73% in two months By: APP on September 19, 2024The petroleum group imports increased by 22.73 percent during the first two month of the current fiscal year as compared to the imports of the same months of last year, the Pakistan Bureau of Statistics (PBS) reported. The imports of overall petroleum group during July-August (2024-25) stood at $ 2,664.594 million as against the imports […]
Rupee gains 8 paisa against dollar By: APP on September 19, 2024Pakistani rupee on Wednesday appreciated by 08 paisa against the US dollar in the interbank trading and closed at Rs 278.04 against the previous day’s closing of Rs 278.12. 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 […]
Gold rates dip by Rs 300 per tola to Rs 267,700 By: APP on September 19, 2024The per tola price of 24 karat gold decreased by Rs.300 and was sold at Rs.267,700 on Wednesday compared to its sale at Rs. 268,000 on the last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.257 to Rs. 229,510 from Rs. 229,767 whereas the price of 10 gram […]
PSX posts 368% profit leap to Rs1.03bn By: News Desk on September 19, 2024The Pakistan Stock Exchange (PSX) registered a profit of Rs1.03 billion in fiscal year 2024, a massive increase of 368% on a year-on-year basis. As per the company’s latest financial results released to the exchange on Wednesday, the company, engaged in conducting, regulating and controlling the trade in shares, reported a profit of Rs219 million […]
Maersk, Secure Logistics form strategic alliance By: APP on September 19, 2024Maersk West and Central Asia Limited (Maersk), a global shipping, transport and logistics services company, has appointed Pakistan’s Secure Logistics Group Limited (SLGL) as its onshore logistics partner. The development was shared by SLGL in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “This strategic partnership aligns with SLGL’s continued commitment to expanding […]
KP’s 2% cess cripples exports by 70% By: APP on September 19, 2024The recent decision by Khyber Pakhtunkhwa government of imposing a levy of two percent Infrastructure Development Cess (IDC) on commercial value of export consignments has left drastic impact on business in the province by shrinking export upto 70 percent. Leading businessmen from KP including known exporter, Khalid Sultan and Coordinator Pak-Afghan Joint Chamber of Commerce […]
Sust Dry Port sees business boom By: APP on September 19, 2024The Sust Dry Port at Pak-China border in Gilgit-Baltistan has witnessed a significant surge in business activities recently, with customs authorities collecting over 1.17 billion rupees in duty for the national treasury in just two weeks. This increase in commercial activities has led to an uptick in employment opportunities in various sectors. The Import-Export Association […]
PSX gains 970 more points By: APP on September 19, 2024The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 970.20 more points, a positive change of 1.22 percent, closing at 80,461.34 points against 79,491.14 points on the last working day. A total of 400,195,963 shares were traded during the day as compared to 536,187,271 shares the previous day, whereas […]