Hong Kong, Oct 10 (AFP/APP):Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong surging after China’s central bank unveiled a facility to boost liquidity for firms to buy stocks. The yen sat around two-month lows after taking a hit in the wake of minutes showing Federal Reserve decision-makers were […]
Pakistan showcases IT sector’s potential at Tech Week Singapore
Pakistan’s vibrant technology sector took center stage at Tech Week Singapore 2024, as leading companies from the country presented their cutting-edge software and IT solutions. Pakistan’s High Commissioner to Singapore Rabia Shafiq inaugurated the Pakistani Pavilion, commending the participants for their commitment to driving innovation and fostering international collaboration. “Pakistan’s IT exports have surpassed $3.2 […]
Govt financing small, medium, large dams to address water scarcity
The Federal Government is financing the construction of various small, medium, and large dams/reservoirs in the country through the Public Sector Development Program (PSDP) to address growing water scarcity and drought. Scores of such projects have been planned to store surplus water which becomes available during the flood season and to provide the same for […]
Changing economy’s DNA must for inclusive, sustainable growth: FM
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Wednesday reaffirmed the government’s commitment to implementing its reform agenda and meeting structural benchmarks to lend permanence to macroeconomic stability, promote inclusive, sustainable growth and end Pakistan’s reliance on external borrowing. He made it clear that the only way this goal could be successfully […]
Gold prices witnesse further decrease by Rs.3,000 per tola
The per tola price of 24 karat gold decreased by Rs.3, 000 and was sold at Rs.271,700 on Wednesday compared to its sale at Rs. 274,700 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs. 2,572 to Rs. 232,939 from Rs. 235, 511 whereas the price of […]
Rupee sheds 5 paisa against dollar
Rupee-gains-13-paisa-against-dollarPakistani rupee on Wednesday depreciated by 5 paisa against the US dollar in the interbank trading and closed at Rs277.72 against the previous day’s closing of Rs277.67. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs278.25 and Rs279.75 respectively. The […]
State Bank increases loan amount for SMEs, industries
The State Bank of Pakistan (SBP) has announced a significant decision for supporting small and medium enterprises (SMEs) and industries by increasing loan limits under some changes to its SME Loan Regulations. According to a recent circular issued by the State Bank regarding the amended loan regulations, businesses can now access loans of up to […]
Jam Kamal pledges to revive cotton industry
Federal Minister for Commerce Jam Kamal Khan on Wednesday vowed to revitalize Pakistan’s cotton industry, acknowledging the sector’s billion-dollar export potential and ensured to address challenges such as high taxation and electricity costs. In this regard, the minister held a meeting with the Pakistan Ginners Association led by its Chairman DR Jassu Mal, said a […]
PSX gains 5.30 points
The 100-Index of the Pakistan Stock Exchange (PSX) gained 5.30 points on Wednesday, a nominal positive change of 0.01 percent, closing at 85,669.28 points against 85,663.98 points on the last trading day. A total of 596,052,076 shares were traded during the day as compared to 506,565,368 shares the previous trading day, whereas the price of […]
PTCL launches Pakistan’s first 800G WDM system
PTCL Group, Pakistan’s top integrated ICT provider, has achieved a major milestone by successfully launching the country’s first 800 Gbps per wavelength Super C+L Wavelength Division Multiplexing (WDM) system. This advanced technology enables a data transmission capacity of 64 Tbps per fiber, with the potential to reach up to 96 Tbps, marking a significant step […]