The price of 24 karat per tola gold increased by Rs.200 and was sold at Rs 292,400 on Monday against its sale at Rs 292,200 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.171 to Rs.250,685 from Rs. 250,514 whereas that […]
Business
Rupee sheds 10 paisa against dollar
Pakistani rupee on Monday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs279.04 against the previous day’s closing of Rs278.94. 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, […]
Core inflation decelerates to 2.4 percent in January 2025
The core inflation measured by Consumer Price Index (CPI) decelerated further to 2.4 percent during January 2025 as compared to 4.1 percent recorded during December 2024, Pakistan Bureau of Statistics (PBS) reported on Monday. According to PBS data, the CPI based inflation during the same month of last year (January 2024) was recorded at 28.3%. […]
CDNS revises target of Rs 40 billion for Islamic Finance in FY 2024-25
The Central Directorate of National Savings (CDNS) has revived the annual collection target and set Rs 40 billion in investment in Islamic finance for the Current Fiscal Year 2024-25, which will lead to growth in the country’s Islamic economy. “The National Savings had issued the Islamic bonds for the promotion of the Islamic finance system, […]
Garment industry rejects 12% CAF of new Carbon Policy
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has said the Pakistan’s first-ever National Carbon Market Policy, launched in November last year, demonstrates country’s commitment to emissions reduction, however, it lags behind regional counterparts in ambition, sectoral coverage, and global integration, potentially limiting its effectiveness in attracting climate finance and investment. PRGMEA regional chairman […]
Mobile phone imports decreases 7.46% to $733.4mn in 6 months
The import of mobile phones into the country has witnessed a decrease of 7.46 percent during the first six months of the current fiscal year (2024-25) as compared to the corresponding months of last year. Pakistan imported mobile phones worth US $ 733.425 million during July-December (2024-25) as compared to the imports of US $ […]
Over 5.5m cotton bales recorded at ginneries
Seed Cotton (Phutti) equivalent to over 5.5 million bales have reached ginning factories across Pakistan till January 31, registering a decrease of 34.00 per cent as compared to corresponding period of last year. According to a fortnightly report of the Pakistan Cotton Ginners Association (PCGA) issued to media on Monday, over 5.4 million bales have […]
Industry, trade association demands withdrawal of hike in oil prices
The Pakistan Industrial and Traders Associations Front (PIAF) on Sunday demanded of the authorities to withdraw the decisions of continuous raises in oil products prices, as the move would hurt the economic growth in the country. PIAF Chairman Faheemur Rehman Saigol, in a joint statement along with senior vice chairman Nasrullah Mughal and vice chairman […]
Food exporters delegation leaves for KSA to explore opportunities
A 14-member delegation of Pakistani food exporters from south Punjab on Sunday left for Saudi Arabia on a ten-day visit to explore export avenues and strengthening trade relations. Abdul Rehman, leader of the delegation, said that the visit aligns with Pakistan’s broader strategy to diversify exports and enhance trade with Gulf countries, reinforcing its position […]
Government aims for 30% electric vehicles by 2030
Pakistan has introduced new rules and regulations to promote electric vehicle (EV) charging stations and the wider EV industry, with support from the Special Investment Facilitation Council (SIFC), officials said on Sunday. The government aims to have 30% of the country’s vehicles running on electric power by 2030, a move expected to boost infrastructure development, […]