‘Licensed fuel stations to fuel Balochistan’s growth’ By: News Desk on September 15, 2024The Oil Marketing Association of Pakistan, led by its Senior Vice Chairman Tariq Mehmood, met with Federal Minister for Commerce Jam Kamal Khan to explore the expansion and development of the fuel oil industry in Balochistan. The discussions focused on increasing the presence of licensed fuel stations across the province, aiming to provide quality products […]
Profit rates slashed on National Savings Scheme By: News Desk on September 15, 2024The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings Schemes while leaving others unchanged. Rates of Regular Income Certificate (RIC) decreased by 12 basis points (bps) to 14.52%, down from 14.64%. The Special Saving Certificates (SSC) will offer a return of 15.2% return, as compared to 15.5% […]
Leather, shoe merchants back PPP alliance By: News Desk on September 15, 2024The Leather and Shoe Merchants Association have expressed complete and unconditional confidence in PIAF (Anjum Nisar Group), announcing their support for the Piaf Pioneer Progressive Alliance (PPPA) for the upcoming LCCI elections. In presence of print and electronic media at office of PIAF the Leather and Shoe Merchants Association President Mehmoodul Hasan, General Secretary Fazeel […]
SBP announces bank holiday on Sept 17 for Eid Milad By: Agencies on September 14, 2024 The State Bank of Pakistan (SBP) will remain closed on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi, the birth anniversary of the Prophet Muhammad (PBUH). The holiday falls on 12th Rabi-ul-Awwal, 1446 A.H., and the bank’s closure will impact financial transactions across the country. The SBP announced the closure in a brief […]
Shares at PSX rally after rate cut, IMF bailout hope By: Agencies on September 14, 2024Shares at the Pakistan Stock Exchange (PSX) rallied on Friday, a day after the State Bank of Pakistan (SBP) cut its key policy rate by 200 basis points. The benchmark KSE-100 index climbed 868.08, or 1.1 per cent, to stand at 79,857.77 points from the previous close of 79,017.61 points at 11am. The index closed […]
Rupee strengthens against US dollar By: Agencies on September 14, 2024The Pakistani rupee registered improvement against the US dollar, appreciating 0.1% in the inter-bank market on Friday. At close, the currency settled at 278.16, a gain of Re0.28 against the US dollar. On Thursday, the rupee had settled at 278.44, according to the State Bank of Pakistan (SBP). In a key development, the International Monetary […]
Smuggling of gemstones costs kitty $5bn, hears NA panel By: Agencies on September 14, 2024Pakistan has lost $5 billion worth of gemstones due to smuggling, a parliamentary committee on commerce disclosed on Friday. The revelation came during a meeting chaired by Atif Khan, head of the National Assembly’s subcommittee on commerce. Officials revealed that Pakistan’s gemstone authority and centers have never been fully operational, prompting the federal government to […]
Envoy opens Pakistan Pavilion at China fair By: Agencies on September 14, 2024The Pakistan Pavilion at the prestigious China International Fair for Trade in Services (CIFTIS) 2024 was inaugurated on Friday by Ambassador Khalil Hashmi, accompanied by Zhang Yanqing, Deputy Secretary-General of the People’s Government of Pingdingshan City. CIFTIS, recognized as one of the world’s largest platforms for trade in services, presents a unique opportunity for countries […]
Gold prices rise to new all-time high By: Agencies on September 14, 2024Gold prices in Pakistan have soared to new highs with the the rate for 24K gold per tola reaching Rs. 266,500, and the rate for 22K gold reaching Rs. 244,290 per tola. Prices for 21K and 18K gold were Rs. 233,188 and Rs. 199,875 per tola, respectively. The surge in gold prices to an all-time […]
Meat exports surge as July figures reveal 5pc increase By: inp on September 14, 2024The Pakistani livestock industry continues to thrive, with meat and meat products exports witnessing a significant uptick in July 2024. According to the latest data released by the Pakistan Bureau of Statistics (PBS), the value of these exports reached an impressive PKR 10.3 billion, marking a 5% increase compared to the same period last year. […]