PFC to join 21st China-ASEAN expo from Sep 24 By: APP on September 5, 2024The Pakistan Furniture Council (PFC) will participate in 5-day 21st China-ASEAN Expo, being held at Nanning, China, from September 24. Presiding over the council board of directors meeting here on Wednesday, Chief Executive Officer Mian Kashif Ashfaq highlighted that the expo serves as a major platform for fostering economic and trade relations between China, ASEAN […]
Pakistan’s trade deficit shrinks marginally to $3.6bn in 2MFY25 By: News Desk on September 4, 2024Pakistan’s trade deficit shrank marginally to $3.6 billion during the first two months of fiscal year 2024-25 (2MFY25) due to an increase in exports, data released by the Pakistan Bureau of Statistics (PBS) showed on Tuesday. The country’s trade balance, gap between exports and imports, was recorded at a deficit of $3.58 billion in July […]
Pak-US trade witnesses over 9% surplus in July 2024 By: APP on September 4, 2024Pakistan’s goods and services trade with the United States (US) witnessed a surplus of 9.62 per cent during the first month of the current fiscal year (2024-25) compared to the corresponding month of last year. Trade surplus during the month under review was recorded at $290.962 million against $265.411 million last year showing 9.62 per […]
Iran smuggling hits Pakistan’s petroleum sector By: News Desk on September 4, 2024Sale of total petroleum products in Pakistan clocked in at 1.22 million tons in August, a decrease of 14% year-on-year. “The reduction comes on the back of i) availability of smuggled petroleum products from Iran, and ii) higher rainfall during the period,” said Arif Habib Limited (AHL). The offtake of petrol declined by 7% YoY […]
CDNS to achieve mark of Rs 160b in fresh bonds By: APP on September 4, 2024The Central Directorate of National Savings (CDNS) has accomplished a target of Rs 160 billion in fresh bonds and achieved 10.3 percent of the annual target in the first months of current fiscal year, from July 1 to August 31st. The Central Directorate of National Savings (CDNS) has set an annual target of Rs 1650 […]
Ahsan Iqbal highlights importance of integrated energy model for future needs By: APP on September 4, 2024Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, emphasized on Tuesday that the integrated energy model is crucial for meeting the country?s future energy needs through efficient, reliable, affordable, clean and renewable resources. Speaking at the ‘National Workshop on Integrated Energy Plan’ organized by the Ministry of Planning, Development and Special Initiatives, the […]
Cotton stockpile grows at ginneries By: APP on September 4, 2024Over 1.2 million (1,225,946) seed cotton (Phutti) bales reached in total 272 ginning factories across Pakistan till August 31. According to a report of Pakistan Cotton Ginners Association (PCGA) issued to media on Tuesday, Punjab ginning factories recorded cotton arrival figures of 452,855 bales,while arrivals in Sindh recorded at 773,091 bales including 569,674 reaching ginneries […]
PSX gains 73 points By: APP on September 4, 2024The 100-Index of the Pakistan Stock Exchange (PSX) gained 73.02 points on Tuesday, showing a positive change of 0.09 percent, closing at 78,356.32 points against 78,283.30 points on the last working day. A total of 436,672,976 shares were traded during the day as compared to 457,280,204 shares the previous day, whereas the price of shares […]
Gold rates decrease by Rs1,000 to Rs.261,500 per tola By: APP on September 4, 2024The price of 24 karat per tola gold witnessed a decrease of Rs.1000 and was traded at Rs.261,500 on Tuesday against its sale at Rs.262,500 the previous day. The price of 10-gram 24 karat gold also declined by Rs.857 and was sold at Rs.224,194 against Rs.225,051 whereas the prices of 10-gram 22 karat gold decreased […]
Rupee sheds 6 paisa against dollar By: APP on September 4, 2024Pakistani rupee on Tuesday depreciated by 06 paisa against the US dollar in the interbank trading and closed at Rs 278.70 against the previous day’s closing of Rs 278.64. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.50 and […]