SBP injects over Rs3 trillion in the market By: APP on November 16, 2024The State Bank of Pakistan (SBP) injected Rs3,089.9 billion in the market through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO) on Friday. According to OMO results issued here, the SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on November 15, 2024 for 7-day and 28-day tenors and accepted total […]
China’s warns of shutting down steel mill plant in Rashakai Economic Zone By: Agencies on November 16, 2024China’s Century Steel Mill has warned of shutting down the plant in the Rashakai Economic Zone, as investors continue to express concerns over mounting challenges. Rashakai SEZ is a flagship project under the industrial cooperation of China China-Pakistan Economic Corridor (CPEC) framework and is listed as the prioritized CPEC SEZ by China-Pakistan Joint Cooperation Committee. […]
Pakistan ‘assures’ IMF China will rollover $3.4bn debt By: Agencies on November 14, 2024Pakistan has assured the International Monetary Fund that despite initial delays, it still remained hopeful of securing the Chinese debt rescheduling and will receive oil from Saudi Arabia on deferred payments as part of its efforts to fill the $5 billion external funding gap. The hopes are rooted in the assurances that the executive directors […]
SECP reports robust growth with registration of 2,477 new companies By: APP on November 14, 2024The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This brings the total number of companies registered in the country to 233,587, reflecting growing confidence in Pakistan’s corporate sector and its continued expansion. The SECP’s ongoing drive towards digitization continued to be a success with 99 percent of the […]
PSX crosses new all-time high of 94,000 By: APP on November 14, 2024The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 836.47 points, a positive change of 0.90 percent, closing at 94,191.89 points as compared to 93,355.43 points on the last trading day. A total of 1,084,344,207 shares were traded during the day as compared to 807,067,924 shares the previous trading […]
Rupee gains 11 paisa against dollar By: APP on November 14, 2024Pakistani rupee on Thursday appreciated by 11 paisa against the US dollar in the interbank trading and closed at Rs 277.74 against the previous day’s closing of Rs 277.85. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.40 and […]
Gold prices dip by Rs5,500 to Rs266,400 per tola By: APP on November 14, 2024The price of 24 karat per tola gold decreased by Rs.5,500 and was sold at Rs.266,400 on Thursday against its sale at Rs. 271,900, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also went down by Rs.4,716 to Rs.228,395 from Rs. 233,111 whereas that of 10 gram 22 […]
RCCI urged to participate in Single-Country Exhibition in Addis Ababa By: APP on November 14, 2024Special Envoy, Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia (FDRE) in Pakistan, Dr Jemal Beker Abdula on Thursday urged the Rawalpindi Chamber of Commerce and Industry (RCCI) to take part in the Single-Country Exhibition, scheduled for May next year in Addis Ababa, Ethiopia. Presiding over the Pakistan-Ethiopia business forum along with […]
Pakistan’s liquid foreign increase to $15.96bn By: APP on November 14, 2024The total liquid foreign reserves of Pakistan stood at US$ 15,965.5 million as of November 08, 2024 while the forex reserves held by the State Bank of Pakistan increased to $ 11,258.6 million. The State Bank of Pakistan, in a statement issued here on Thursday, informed that total liquid foreign reserves held by the central […]
Unemployment rate stands at 6.3pc, NA body told By: APP on November 14, 2024The unemployment rate in Pakistan stands at 6.3 percent, with the highest percentage affecting youth aged 15-34, Secretary of the Ministry of Overseas Pakistanis and Human Resource Development told the National Assembly Standing Committee on Overseas Pakistanis and Human Resource Development chaired by Junaid Akbar here Thursday. In an online briefing to the Committee, the […]