27 farmers selected for subsidized agricultural machinery By: APP on December 22, 2024Twenty-seven farmers were declared successful in obtaining subsidized agricultural machinery through a balloting ceremony held under the Punjab government’s initiative. The event was part of the Transforming Punjab Agriculture Plan, aimed at promoting mechanized farming across the province. According to official sources, out of 305 applications submitted at nine centers in the district, 238 were […]
WAPDA embarks on institutional excellence with launch of reforms study By: Agencies on December 22, 2024In a significant step towards institutional excellence and modernization, WAPDA has signed the Institutional Assessment & Reforms Consultancy (IARC) contract with a consortium led by Ginger Sofreco (France), GME (Uruguay), and Warm Waters Advisory (Pakistan). The initiative underscores WAPDA’s commitment to adopting international best practices, optimizing operations, and ensuring sustainable development. The contract signing ceremony, […]
Ghee, cooking oil prices see massive hike By: inp on December 22, 2024Amid inflationary pressures, the prices of ghee and cooking oil in Pakistan have witnessed a significant hike, with some branded products seeing an increase of up to Rs100 per litre. Retailers confirmed that branded cooking oil and ghee prices now stand at Rs570 per litre, following an average rise of Rs80 per kg/litre. The country, […]
Australia axe McSweeney, call up Konstas for fourth India Test By: APP on December 21, 2024Opener Nathan McSweeney was dropped from Australia’s squad for the fourth Test against India on Friday, with teenager Sam Konstas getting his first call-up. Fast bowler Jhye Richardson was also included in the 15-man lineup to give the team more options with Josh Hazlewood sidelined by a right calf injury. The two sides are locked […]
PSX posts strong recovery on positive indicators By: Agencies on December 21, 2024The stock market rebounded on Friday, recovering from the previous day’s historic losses as investors took advantage of attractive valuations and positive economic indicators. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged by 3238.17 points, or 3.05% to close at 109,513.14. The recovery came from yesterday’s historic single-day fall of 4,795.32 points or -4.32%, […]
Commissioning of Central Control of New Gwadar Airport completed By: Agencies on December 21, 2024The final testing and commissioning of the Central Control & Command Room (CCCR) of the New Gwadar International Airport (NGIA), set to be operational for the public next month has successfully been completed. This marks the last compulsory piece of work accomplished by the Pakistan Civil Aviation Authority (PCAA), with CCCR’s testing and commissioning meeting […]
Rupee sheds six paisa against dollar By: APP on December 21, 2024The Pakistani rupee on Friday depreciated by six paisa against the US dollar in the interbank trading and closed at Rs 278.41against the previous day’s closing of Rs 278.35. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.95 and […]
Gold price plunges by Rs2,000 per tola By: APP on December 21, 2024The price of gold in the country on Friday has seen a decline. According to local Sarafa Association and All Pakistan Gems and Jewelers Association, the price of gold per tola in the country has decreased by Rs.2,000 to Rs.271,300, while the price of 10 grams of gold has decreased by Rs.1,715 to Rs.232,596. On […]
SBP records 8pc surge in retail payments, 9pc in digital payments By: APP on December 21, 2024The State Bank of Pakistan (SBP), Thursday, informed that retail payments grew by 8% in Pakistan during the first quarter of fiscal year 2024-25 (Q1FY25) while payments through digital channels witnessed 9% quarterly growth. The SBP has released its Quarterly Payment Systems Review for Q1 FY 25, highlighting significant strides in Pakistan’s journey toward a […]
CCP imposes Rs170m penalty over deceptive marketing practices By: APP on December 21, 2024The Competition Commission of Pakistan (CCP) has imposed penalties of Rs 75 million each on two manufacturers of frozen desserts for misleading consumers by falsely advertising their products as “ice cream.” The CCP initiated these proceedings on a complaint filed by M/s Pakistan Fruit Juice Company (Private) Limited, the manufacturers of “Hico” ice cream, alleging […]