Petroleum sector gets Rs 640m for nine projects in FY 23 1st half on February 7, 2023The government has released funds amounting to Rs 640.19 million to advance nine ongoing petroleum-related projects during a six month period of the current fiscal year under the Public Sector Development Programme (PSDP 2022-23) against a total allocation of Rs1.48 billion. Out of the total disbursement of Rs640.19 million, around Rs24.24 million have been spent […]
PSX witnesses bullish trend, gains 722 points on February 7, 2023The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 722.47 points, a positive change of 1.79 percent, closing at 41,193.63 against 40,471.16 points the previous day. A total of 176,726,529 shares were traded during the day as compared to 105,053,350 shares the previous day, whereas the price of shares stood […]
Railways signs agreement with two Chinese companies: Saad on February 7, 2023The Pakistan Railways on Monday signed an agreement with two Chinese companies – M/s Easyway and M/s Norinco International Cooperation — for launch of Railway Automated Booking and Travel Assistance (RABTA). Talking to the media at Railways Headquarters here, Minister for Railways Khawaja Saad Rafique termed the initiative a win-win situation for the department. He […]
Rupee gains Rs 1.28 against US dollar on February 7, 2023The exchange rate of the Pakistani rupee eased by Rs 1.28 against the US dollar in the interbank trading on Monday and closed at Rs 275.29 against the previous day’s closing of Rs 276.57. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded […]
Gold prices plummet by Rs 200, being traded at Rs 204,300 per tola on February 7, 2023The per tola price of 24 karat gold decreased by Rs 200 on Monday and was traded at Rs.204,300 against the sale of Rs. 204,500 on the last trading day. The price of 10 grams of 24 karat gold also decreased by Rs 172, to Rs 175,154 from Rs 175,326, whereas that of 10 grams […]
Pak-Germany trade witnesses over 70% surplus in 1st half on February 7, 2023Pakistan’s goods and services trade with Germany witnessed a surplus of 70.41 percent during the first half of the current fiscal year (2022-23) as compared to the corresponding period of last year. Trade surplus during the period under review was recorded at $404.357 million against $237.281 million last year, showing 70.41 percent growth. The overall […]
NTDC completes construction work on Polan-Gwadar Transmission Line on February 7, 2023In compliance with the directives of Prime Minister and Federal Minister for Energy Khurram Dastgir Khan, the National Transmission and Despatch Company Limited (NTDC) has completed the construction work of the 29 km long, double-circuit transmission line from Polan to Gwadar. Consequently, Pakistan’s transmission system in the region will become capable to import an additional […]
OGDCL makes 6 oil & gas discoveries in 6 months on February 7, 2023Oil and Gas Development Company Limited (OGDCL), during six months (June-December 2022), has made almost six discoveries through joint ventures with other companies with accumulative initial tested flow of around 4,407 Barrel of Oil per Day (BOPD) and 10.036 Metric Million Standard Cubic Feet per Day (MMSCFD) Gas. On June 15, 2022, the company announced […]
FPCCI, Iranian Consulate agree to form panel of business community on February 7, 2023Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Iranian Consulate have agreed to review matters relating to trade relations and the formation of a joint representative committee of the business community and the inclusion of women in it. These matters were discussed during a meeting here in the Regional Office of FPCCI here […]
RDA inflows rise to $5.686 bn on February 7, 2023The inflow of remittances under Roshan Digital Account (RDA) rose to US $5.686 billion by the end of January 2023 as compared to US $5.57 billion by December end, according to the latest data released by the State Bank of Pakistan. The data showed that the inflows of remittances during the month of January were […]