Fauji Foundation eyes controlling stake in Agha Steel Industries By: News Desk on August 30, 2024Fauji Foundation, one of the largest conglomerate in Pakistan, has expressed its intention to acquire shares and controlling stake in Agha Steels Industries Limited (AGHA). The development was shared by AGHA, engaged in the manufacturing of steel bars and billets, in a notice to the Pakistan Stock Exchange (PSX) on Thursday. “The company has received […]
Pakistan earns US $759m from travel services’ export in FY 2024 By: APP on August 30, 2024Pakistan earned US $759.159 million by providing different travel services in various countries during the twelve months of the fiscal year 2023-24. This shows a decrease of 21.85 per cent as compared to the US $971.470 million worth same services provided during the corresponding months of the last fiscal year 2022-23, the Pakistan Bureau of […]
LUMS Welcomes Students at Orientation 2024 on August 29, 2024Lahore, August 29, 2024: LUMS welcomed an exceptional cohort of over 1,200 students from across the country. This year’s Orientation programme offered a blend of innovative activities and engaging events, designed to inspire, connect, and prepare students for the rigorous and transformative journey ahead. While speaking to parents, Vice Chancellor Dr. Ali Cheema, emphasized the […]
Pakistan, Turkiye vow to expand bilateral trade relations By: APP on August 29, 2024Terming the signing of the Trade in Goods Agreement 2022 as a significant step towards achieving the bilateral trade target of USD 5 billion, Pakistan and Turkiye here on Wednesday underscored the need for enhancing the trade and investment portfolio through more Government-to-Government (G2G) and Business-to-Business (B2B) arrangements. According to press release issued by finance […]
REMARKABLE GROWTH OF 80% IN BEFORE TAX PROFIT on August 29, 2024Lahore: A meeting of the Board of Directors of The Bank of Punjab was held on August 28, 2024 to consider and approve the un-audited Financial Statements for the 1ST Half of year ended June 30, 2024. During the meeting, the Board reviewed Bank’s performance for 1st Half of the year 2024 against strategic business […]
Shibli backs China’s vision, calls CPEC Pakistan’s economic backbone By: APP on August 29, 2024Leader of Opposition, Senator Syed Shibli Faraz on Wednesday called the China-Pakistan Economic Corridor (CPEC), as a lifeline for Pakistan’s development and future growth. He remarked, while addressing the Third Plenary Session of the 20th Central Committee of the Communist Party of China.The event was organised by the Pakistan-China Institute. Senator Syed Shibli Faraz praised […]
Rupee sheds 13 paisa against dollar By: APP on August 29, 2024Pakistani rupee on Wednesday depreciated by 13 paisa against the US dollar in the interbank trading and closed at Rs 278.45 against the previous day’s closing of Rs 278.32. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.6 and […]
Cotton price increases by Rs500 per 40kg By: inp on August 29, 2024The price of cotton has increased by Rs500 per 40 kilogram in the local markets on Wednesday. Chairman Cotton Ginners Forum Ehsan-ul-Haq says that as the cotton crop was severely damaged by the rains which affected both quantity and quality of cotton. He said textile mills started importing cotton on a large scale after damage […]
PSX loses 91 points By: APP on August 29, 2024The 100-Index of the Pakistan Stock Exchange (PSX) shed 91.45 points on Wednesday, showing a negative change of 0.12 percent, closing at 77,992.79 points against 78,084.24 points on the last working day. A total of 636,024,989 shares were traded during the day as compared to 591,511,522 shares the previous day, whereas the price of shares […]
Electricity price hike in Pakistan brings new chance for PV companies By: Agencies on August 29, 2024Electricity price hike in Pakistan brings new chance for photovoltaic companies, says a report carried by Gwadar Pro on Wednesday. “Our business has grown rapidly in the past two years due to about 90% of the people here have started using solar energy facing the high electricity costs. On account of the large backlog of […]