Contract for 5th expansion of Tarbela hydropower plant signed By: inp on September 14, 2024A consortium consisting of China North Water Engineering Group and its local Pakistani partner, MMP Company has signed a consultancy contract with the Water and Power Development Authority (WAPDA) for the fifth phase of the Tarbela Hydropower Plant expansion project, Gwadar Pro reported on Friday. Construction of the plant began in 1968, and it started […]
Remittances surge by 27pc in first two months of FY2024 By: inp on September 14, 2024Remittances from Pakistanis working in European Union (EU) countries have witnessed a significant 27% growth in the first two months of the current fiscal year. According to data released by the State Bank of Pakistan, overseas Pakistanis in EU nations sent home $727 million during July and August, compared to $574 million during the same […]
PSX turns bullish, gains 671 points By: Agencies on September 11, 2024The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 671.73 points, a positive change of 0.85 percent, closing at 79,286.74 points against 78,615.00 points on the last working day. A total of 509,490,385 shares were traded during the day as compared to 491,124,197 shares the previous day, whereas […]
US, Pakistan discuss establishing commodities market to boost agri sector By: APP on September 11, 2024Top officials of United States and Pakistan including Federal Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday discussed the establishment of a commodities market in Pakistan. The development came during a meeting between Aurangzeb and Kevin Piccoli, Deputy Director in the Office of International Affairs at the US Commodity Future Trading Commission (CFTC), according […]
EU scores ‘big win’ in court against Apple, Google By: AFP on September 11, 2024The EU’s top court on Tuesday delivered two major victories in the bloc’s battle to rein in tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play. The decisions give a boost to the bloc’s outgoing competition chief, Margrethe Vestager, who had suffered a series of setbacks […]
Rupee gains 9 paisa against dollar By: APP on September 11, 2024Pakistani rupee on Tuesday appreciated by 9 paisa against the US dollar in the interbank trading and closed at Rs 278.61 against the previous day’s closing of Rs 278.70. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.85 and […]
Gold rates up by Rs.1,300 to Rs.261,700 By: APP on September 11, 2024The per tola price of 24 karat gold increased by Rs.1,300 and was sold at Rs.261,700 on Tuesday compared to its sale at Rs.260,400 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.1,114 to Rs. 224,365 from Rs. 223,251 whereas the price of 10 gram 22 karat […]
Workshop on strategic marketing for digital transformation kicks off By: APP on September 11, 2024A four-day international training workshop on Strategic Marketing for Digital Transformation was inaugurated here on Tuesday with an objective to equip marketing professionals with effective digital marketing strategies to drive business growth. The workshop, which was inaugurated by Secretary Ministry of Industries and Production Muhammad Asad Islam Mahni, has been jointly organized by the National […]
No decision made to shut down Utility Stores: Rana Tanveer By: APP on September 11, 2024Minister for Industries and Production Rana Tanveer Hussain informed the National Assembly on Tuesday that no decision has been made to shut down Utility Stores. In response to a Calling Attention Notice, he said that restructuring of the organization would be carried out in consultation with all stakeholders, including employee representatives from the union. Rana […]
Govt committed to promoting Islamic banking in country: NA told By: APP on September 11, 2024Minister for Finance and Revenue Ali Pervaiz Malik Tuesday informed the National Assembly that the government is committed to promote Islamic banking in the country. In response to a Calling Attention Notice in the House, he said that the government plans to launch new Shariah-compliant certificates worth Rs 50 billion under Islamic Finance this month. […]