Punjab Governor Sardar Saleem Haider Khan welcomed the Governor General of Iran’s Khorasan Razavi province Gholam Hossein Mozaffari and his delegation here on Saturday. An interactive session was held between the Lahore Chamber of Commerce and Industry (LCCI) and Khorasan Razavi Governor Gholam Hossein Mozaffari and his delegation at the Governor’s House. Punjab Governor Sardar […]
Business
National Saving Schemes: CDNS decreases rates of return following policy rate cut
The Central Directorate of National Savings (CDNS) has reduced the rates of return on a number of its National Savings Schemes (NSS) with the decrease going as low as 200 basis points (bps), following the central bank’s policy rate cut. The rate of Savings Account (SA) lowered by 200bps to 11.50% from 13.50%, brokerage house […]
No increase in sugar price during Ramazan: Tanveer assures
Minister for Industries and Production Rana Tanveer Hussain on Friday assured that there would be no increase in the sugar price during the month of Ramazan. While chairing a meeting to review sugar prices, the minister emphasized that it is the government’s responsibility to provide relief to consumers during Ramazan, said a news release. The […]
KP’s strategic location to boost trade with Central Asia, says Governor Kundi
Governor Khyber Pakhtunkhwa, Faisal Karim Kundi, stressed on Friday that the province’s strategic geographical position makes it an ideal gateway for trade with Central Asian countries. He outlined several measures aimed at activating trade corridors and streamlining business operations to boost regional commerce. He said this during a meeting with the delegation led by Akbar […]
OGDCL commences Oil & Gas production from Bettani-2 Appraisal Well
Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation, said […]
PSX stays bullish, gains 1,049 more points
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 1,049.33 more points, a positive change of 0.93 percent, closing at 114,255.73 points as compared to 113,206.40 points on the last trading day. A total of 543,124,378 shares were traded during the day as compared to 483,939,931 shares the previous […]
Rupee gains 3 paisa against dollar
Pakistani rupee on Friday appreciated by 03 paisa against the US dollar in the interbank trading and closed at Rs278.94 against the previous day’s closing of Rs278.97. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.50 and Rs 281.00, […]
Gold price per tola hits all-time high in Pakistan
The price of 24 karat per tola gold increased by Rs.1,500 and was sold at Rs 291,800 on Friday against its sale at Rs 290,300 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1,286 to Rs.250,171 from Rs. 248,885 whereas that […]
Governor SBP pushes for tech-driven agri-financing
The State Bank of Pakistan (SBP) convened the Agricultural Credit Advisory Committee (ACAC) meeting on Friday, reaffirming its commitment to boosting agriculture financing and driving sustainable growth in Pakistan’s agriculture sector. In his keynote address, SBP Governor Jameel Ahmad underscored the vital role of agriculture in Pakistan’s economy, highlighting its contributions to food security, rural […]
SPI goes down by 0.36pc, decelerates to 0.44pc on YoY basis
The weekly inflation, measured by the Sensitive Price Indicator (SPI), went down by 0.36 percent for the combined consumption groups during the week ended on January 30 and decelerated to 0.44 percent on a year-on-year (YoY) basis, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the […]