The price of 24 karat per tola gold decreased by Rs.300 and was sold at Rs 289,100 on Monday against its sale at Rs 289,400 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also decreased by Rs.257 to Rs.247,856 from Rs , 248,113 whereas […]
Business
PSX loses 1,360 more points
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,360.16 more points, a negative change of 1.18 percent, closing at 113,520.32 points as compared to 114,880.49 points on the last trading day. A total of 494,003,725 shares were traded during the day as compared to 632,039,226 shares the previous trading […]
Rupee sheds 8 paisa against dollar
Pakistani rupee on Monday depreciated by 08 paisa against the US dollar in the interbank trading and closed at Rs278.83 against the previous day’s closing of Rs278.75. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.90 and Rs 281.30, […]
Pakistan, Azerbaijan to forge stronger economic ties
Federal Minister for Commerce Jam Kamal Khan and Azerbaijan’s Ambassador to Pakistan, Khazar Farhadov, held a crucial meeting to bolster economic cooperation between the two nations. Pakistan, Azerbaijan forge stronger economic ties: trade house, Joint Chamber, B2B forums on horizon The discussion focused on preparations for Prime Minister Shehbaz Sharif’s state visit to Azerbaijan, according […]
CDNS accomplishes Rs 750bn savings target
The Central Directorate of National Savings (CDNS) has realized a target of Rs 750 billion in fresh bonds and achieved 44 percent of the annual target for the first half of the current fiscal year, from July 1 to January 24. The senior official of CDNS told APP on Monday that the CDNS has set […]
Pakistan’s exports to US increase 9.78% in 1HFY 2024-25
Pakistan’s export of goods and services to the United States (US) witnessed an increase of 9.78 percent during the first half of fiscal year (2024-25) as compared to the exports of the corresponding months of last year, State Bank of Pakistan (SBP) reported. The overall exports to the US were recorded at US $3.017 billion […]
PBC shares fiscal policy proposals with finance minister
A high-level delegation from the Pakistan Business Council (PBC) led by its Chairman, Shabbir Diwan here on Monday called on Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb and his team to share ideas for a sound fiscal policy, serving long-term objectives of promoting investment, creating jobs, supporting exports and generating resources to achieve […]
POL imports up by 1% to $8.08bn in 1st half of FY
The imports of overall petroleum group increased by 1 percent during the first half of the current fiscal year (2024-25) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-December (2024-25) stood at $ 8,085.915 million against the imports […]
Machinery imports up by 15.69% in 1st half of FY 2024-25
The imports of the overall machinery group experienced a substantial increase of 15.69 percent during the first half of the current fiscal year (July-December) compared to 2023-24. The growth in machinery imports would help elevate productivity and spur technological advancements in essential sectors, leading to economic expansion and progress in infrastructure development. The total imports […]
Guiding principles for PSDP 2025-26 approved
Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Monday chaired a meeting to review the proposals for the Public Sector Development Program (PSDP) for the fiscal year 2025-26. The meeting, attended among others by Secretary Planning Awais Manzur Sumra and senior ministry officials, approved guiding principles for incorporating new projects and carrying […]