Gold rates up by Rs1,400 By: APP on September 7, 2024The price of 24 karat per tola gold witnessed an increase of Rs.1,400 and was traded at Rs.263,500 on Friday against its sale at Rs.262,100 the previous day. The price of 10 gram 24 karat gold also went up by Rs.1,200 and was sold at Rs.225,908 against Rs.224,708 whereas the prices of 10 gram 22 […]
Rupee gains 11 paisa against dollar By: APP on September 7, 2024Pakistani rupee on Friday appreciated by 11 paisa against the US dollar in the interbank trading and closed at Rs 278.56 against the previous day’s closing of Rs 278.67. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.75 and […]
Pakistan’s economy turns corner: Ahsan Iqbal By: APP on September 7, 2024Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal Friday said that the government’s consistent and affirmative policies have led to positive economic indicators. Talking to a private news channel, he stated that the stock market performed well and that inflation has returned to single digits for the first time in four years. “When […]
Pakistan’s desert blooms with Chinese ingenuity By: Agencies on September 7, 2024China-Pakistan collaboration helps to revolutionize Pakistan’s arid agriculture, according to a report published by Gwadar Pro on Friday. As per the report, adopting China’s advanced agricultural technologies and water-saving practices, especially in arid regions, Pakistan stands on the brink of a transformative opportunity. Enhanced agricultural productivity could not only bolster food security but also elevate […]
Symmetry Group enters UAE market By: News Desk on September 7, 2024Looking to take advantage of business-friendly environment in the UAE, another listed Pakistani company announced that it will establish its subsidiary in the Gulf country. Symmetry Group, a digital technology company based in Pakistan, in its notice to the Pakistan Stock Exchange (PSX) shared the company’s plans to set up a subsidiary in UAE. “Symmetry […]
Ghee, cooking oil prices go down By: inp on September 7, 2024The Utility Stores Corporation has reduced prices of essential items, including cooking oil, ghee, and others, by up to 10% across Pakistan. The decision comes after the country’s inflation rate dropped to a single digit, with the core inflation measured by the Consumer Price Index (CPI) reaching a 34-month low of 9.6% in August 2024. […]
Unclaimed benefits await returning expats By: APP on September 7, 2024Pakistani workers who have completed their employment in South Korea are missing out on insurance benefits owed to them can claim insurance benefits. Pakistan Employment Permit System (EPS) Center is helping workers recover unclaimed funds, but many are unaware of how to claim these benefits. The Pakistan EPS Center, led by Director Kim Ki-wook, is […]
Chinese firm to invest $2 billion in Pakistan for deployment of optical fiber By: Agencies on September 6, 2024Chinese firm to invest $2 billion in Pakistan for the deployment of an optical fiber network over an area of 100,000 kilometres over a period of 8 to10 years. According to a Gwadar Pro’s report, the cable will be laid from Karachi to Peshawar along the Main Line-1 (ML-1). Pakistan Railways has inked an agreement […]
SBP injects Rs1.03t into market By: APP on September 6, 2024The State Bank of Pakistan (SBP) injected Rs1,033.8 billion in the market on Thursday through Open Market Operation (OMO) reverse repo purchase. According to OMO results issued here, the SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on September 5, 2024 for 8-day tenor and accepted 14 quotes cumulatively amounting to Rs1,033.8 billion. The […]
PSX stays bullish By: APP on September 6, 2024The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 15.33 points, showing a slight positive change of 0.02 percent, closing at 78,863.34 points against 78,848.01 points on the last working day. A total of 770,518,958 shares were traded during the day as compared to 969,768,756 shares the previous day, […]