The 100-Index of the Pakistan Stock Exchange (PSX) gained 21.78 percent on Friday, showing a nominal positive change of 0.02 percent, closing at 110,322.94 points as compared to110,301.16 points on the last trading day. A total of 299,678,289 shares were traded during the day as compared to 598,930,638 shares the previous trading day, whereas the […]
Business
‘Made in Pakistan’ expo inaugurated in Jeddah to boost B2B interaction
Pakistan’s first single-country exhibition “Made in Pakistan” was held in the Port City of Jeddah providing an opportunity to exploit the immense potential of Pakistan-Saudi Arabia commercial ties and promote business-to-business interaction. Held at the Jeddah International Exhibition and Conference Centre, the exhibition was participated by 137 companies from Pakistan. Addressing the opening session of […]
Selling drives PSX down by over 1,600 points amid IMF review concerns
The stock exchanged remained under pressure on Thursday, with investors reacting cautiously to the looming International Monetary Fund (IMF) review and concerns over revenue shortfalls. The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing, 1,634.22 points, a negative change of 1.46 percent, closing at 110,301.16 points as compared to 111,935.38 […]
Rupee sheds 19 paisa against dollar
Pakistani rupee on Thursday depreciated by 19 paisa against the US dollar in the interbank trading and closed at Rs279.14 against the previous day’s closing of Rs278.95. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.60 and Rs 281.10, […]
Gold prices decrease by Rs900 per tola to Rs298,700
The price of 24 karat per tola gold decreased by Rs.900 and was sold at Rs 298,700 on Thursday against its sale at Rs 299,600 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also decreased by Rs.772 to Rs.256,087 from Rs. 256,859 whereas that […]
British businesses invited to explore investment opportunities
Acting Senate Chairman Syedaal Khan on Thursday invited British businesses to explore investment opportunities in Pakistan and said that the country offers a favourable environment for foreign investors. During a meeting with the UK Deputy Speaker and his delegation at the Parliament House, he urged British traders and companies to invest in Pakistan’s energy, technology, […]
Pakistan, Türkiye discuss IT, 5G, AI collaboration
Minister of State for Information Technology and Telecommunication Shaza Fatima Khawaja and Türkiye’s Ambassador to Pakistan, Irfan Neziroglu on Thursday discussed avenues for collaboration in information technology, 5G, and artificial intelligence (AI). During a meeting, both sides agreed to strengthen cooperation in digital transformation, e-governance, and smart technologies. It was highlighted that 67 million people […]
Traders seek cut in cost of ‘doing business’
Nasir Mansoor Qureshi, President of the Islamabad Chamber of Commerce and Industry (ICCI), has underscored the urgent need for adopting business-friendly policies to tackle the rising cost of production. He stressed that the government must focus on implementing economic reforms and improving the regulatory environment to create a more conducive atmosphere for businesses, attract foreign […]
Economic experts call on finmin
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday held separate meetings with veteran economists and former caretaker Ministers for Finance Shahid Javed Burki and Ms. Shamshad Akhtar respectively at the Finance Division. During the meetings, views on country’s economic progress and the government’s strategic efforts towards restoring macroeconomic stability and laying the […]
Total liquid foreign reserves stand at $16.04bn
The total liquid foreign reserves of Pakistan stood at US$ 16,044.1 million while the SBP reserves recorded as $ 11,418.3 million during the week ended on January 31, 2025. The State Bank of Pakistan, informed in a statement issued here on Thursday, that liquid foreign exchange reserves held by the central bank “increased by US$ […]