Pakistan and the European Union are set to strengthen their economic ties through the first-ever High-Level EU-Pakistan Business Forum, scheduled to take place on May 14,15 in Islamabad. This landmark event aims to facilitate high-level dialogue, empower partnerships, and unlock opportunities for businesses in both regions, said a EU press release. The EU is Pakistan’s […]
SECP launches same-day account opening initiative for corporates
The Securities and Exchange Commission of Pakistan (SECP) has developed a concept paper in consultation with the Central Depository Company (CDC) to enhance the eZfile portal for same-day corporate bank account opening. The key features of the concept paper include integrating regulatory, technological, and digital procedures with banking systems to streamline the process, eliminate redundancies, […]
Gold prices dip by Rs800 to Rs317,800 per tola
The price of 24 karat per tola gold decreased by Rs.800 and was traded at Rs.317,800 on Tueday as compared to its sale at Rs318,600 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The prices of 10 grams of 24 karat also decreased by Rs.686 to Rs 272,462 from Rs. 273,148 […]
Rupee sheds 6 paisa against US dollar
The Rupee on Tuesday depreciated by 06 paisa against the US Dollar in the interbank trading and closed at Rs 280.42 against the previous day’s closing of Rs 280.36. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs280.60 and Rs282.1, […]
PSX turns bullish, gains 193 points
The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 193.55 points, a positive change of 0.17 percent, closing at 116,633.17 points as compared to 116,439.62 points on the last trading day. A total of 268,098,907 shares were traded during the day as compared to 311,970,520 shares the previous […]
Economic indicators stable, key areas show gradual growth in March
The country’s external and internal economic sectors, including fiscal policy, remained stable in March with exports, Foreign Direct Investment (FDI) and remittances showing consistent growth. According to monthly economic updates and outlook for the current Month of March 2025, issued by the Federal Ministry of Finance here on Tuesday, as the ongoing fiscal year progresses […]
CCoP approves fast-track plan for PIA privatization
Cabinet Committee on Privatization (CCOP) on Tuesday approved a fast-tracked plan for the privatisation of Pakistan International Airlines Corporation (PIACL), including the divestment of 51-100% share capital together with management control. Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar chaired the meeting of the Committee, a press statement issued by the foreign office […]
SAPM discusses restructuring of SMEDA
Special Assistant to Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Tuesday chaired a meeting to discuss the restructuring of the Small and Medium Enterprises Development Authority (SMEDA) with a focus on increasing the role of the private sector and improving the overall business environment in Pakistan. The meeting emphasized the need […]
CDNS achieves target of Rs22 billion in Islamic investment
The Central Directorate of National Savings (CDNS) has realized the annual collection target Rs 22 billion in investment in Islamic finance during last eight months of the Current Fiscal Year, from July 1st to March 24, 2024-25. The CDNS has revived the annual collection target and set Rs 40 billion in investment in Islamic finance […]
Commerce minister reviews NCC progress, WB mission visit
Federal Minister for Commerce Jam Kamal Khan chaired a briefing session at the National Compliance Centre (NCC) to review the Centre’s progress and discuss recent developments with Dr. Nabeel Amin, Head of NCC and the NCC team. The Minister appreciated NCC’s efforts to improve Pakistan’s compliance and quality systems and reviewed key achievements, including the […]