Pakistan earned US $1.864 billion by exporting different Information Technology (IT) services in various countries during the first six months of the current fiscal year 2024-25. This shows a growth of 28.04 percent as compared with the US $ 1.455 billion earned through the provision of services during the corresponding months of the last fiscal […]
Business
CEO PSX sees significant uptick in foreign investments in 2025
Chief Executive Officer of the Pakistan Stock Exchange (PSX) Farrukh H. Sabzwari on Wednesday expressed optimism about Pakistan’s economic prospects on Wednesday, predicting a substantial increase in foreign investments in 2025, driven by the government’s effective economic policies and the PSX’s efforts to enhance market infrastructure. In an exclusive message with PTV news channel, Sabzwari […]
SIFC facilitates $2B investment talks between Pakistan and Azerbaijan
The Special Investment Facilitation Council (SIFC) is leading talks for potential investment deals valued at $2 billion between Pakistan and Azerbaijan, centered around energy and infrastructure development. Azerbaijan has shown strong interest in investing in Pakistan’s motorway infrastructure and other development projects, marking a key move to bolster bilateral economic relations. The discussions cover a […]
First phase of Pakistan’s largest biomethane plant inaugurated
Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership Syed Qasim Naveed Qamar today inaugurated the first phase of Pakistan’s largest biomethane gas project in Gadap District Karachi. Speaking as the chief guest on the occasion of the inauguration of the plant, Syed Qasim Naveed Qamar appreciated the initiative to set […]
Pakistan eyes export expansion to KSA under its Vision 2030
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Monday underscored the potential for boosting exports from Pakistan to Saudi Arabia, especially in the skilled labor sector as the Kingdom’s ambitious Vision 2030 objectives drive up demand for skilled workers. In an interview with Arab News during the AlUla Conference for Emerging Market Economies, […]
Gold dips by Rs1,700 per tola to Rs303,200
The price of 24 karat per tola gold increased by Rs.1,700 and was sold at Rs 303,700 on Monday against its sale at Rs 301,500 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of 10 grams of 24 karat gold also increased by Rs 1,458 to Rs 259,945 from […]
Rupee sheds 6 paisa against dollar
Pakistani rupee on Monday depreciated by 06 paisa against the US dollar in the interbank trading and closed at Rs279.26 against the previous day’s closing of Rs279.20. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and Rs 281.25, […]
PSX witnesses bearish, loses 341 points
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing, 341.76 more points, a negative change of 0.30 percent, closing at 111,743.53 points as compared to 112,085.30 points on the last trading day. A total of 511,194,686 shares were traded during the day as compared to 457,049,928 shares the previous trading […]
Privatization of SOEs top priority, Ahad Cheema tells WB delegation
The Minister for Economic Affairs, Ahad Cheema, welcomed the delegation of Executive Directors (EDs) and Alternate Executive Directors (AEDs) from the World Bank Group (WBG). The Minister appreciated this third high level delegation from WB in a limited time, which reflects WB’s confidence in our vibrant and impactful ongoing economic reform process and its strong […]
Textile exports up by 10.6pc to $10.77bn in 7 months
Textile exports witnessed an increase of 10.60 percent during the first seven months of the current financial year (2024-25) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Tuesday. The textile exports from the country were recorded at US $10,770.472 million during July-January (2024-25) against the exports of US […]