Rs 53bn disbursed for various projects of NTDC/PEPCO so far
ISLAMABAD: Government released sum of Rs 53.007 billion for various projects of National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO) under Annual Public Sector Development Programme (PSDP) so far during curren...
Auto sales record 98pc growth in March 2023
KARACHI: Despite high car prices, Pakistan’s auto sector recorded growth of 98 percent to about 7,201 units (passenger cars) in March compared with 3,642 units sold in previous month, providing ray of hope in beleaguered auto sector that has pi...
Rupee recovers value against dollar, settles at 286.62
Karachi: A day after plunging to all-time lows, rupee recovered some ground against dollar, appreciating 0.63 percent in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 286.62, an increase of Rs 1.81. This comes...
KSE-100 gains 321pts amid financing from ‘friendly country’
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed bullish session and benchmark KSE-100 index crossed 40,000 level once again after reports that UAE will confirm funding of $ 1 billion for Pakistan. Stock market rose as funding is vital...
Sincere efforts underway to revive economy: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that sincere efforts are underway to revive economy. In series of tweets on occasion of completion of his one year in office, Prime Minister said despite economic landmines laid by Imran Khan, disruptions...
Gov Balochistan invites business community to capitalise on province’s investment potential
ISLAMABAD: Governor Balochistan Malik Abdul Wali Khan Kakar invited business community of Islamabad to capitalise on natural resources of province by utilizing investment opportunities to generate more business activities. Addressing as chief guest a...
Meeting held to discuss CPEC projects after Ahsan Iqbal’s key visit to China
ISLAMABAD: Pakistan and Chinese authorities held ‘progress review’ meeting to discuss important CPEC projects and minutes of 11th JCC sitting, following crucial visit of Planning Minister Professor Ahsan Iqbal to Beijing and interaction w...
PMIC, Qarar partner to develop credit scoring model
Karachi: To ensure financial inclusion and strengthen microfinance sector, Pakistan Microfinance Investment Company (PMIC) and Qarar Consultancy (Qarar) will roll out credit scoring model for microfinance sector under PMIC’s Challenge Fund-Roun...
Gold price jumps to Rs218,300 per tola
Karachi: Gold price jumped to an all-time high and surpassed Rs 218,000 mark as domestic unit slumped to historic low against dollar with country failing to bring confidence back to market. According to data released by All-Pakistan Sarafa Gems and J...
Rupee plunges to new all-time low against dollar
Karachi: Rupee took another hammering on Tuesday and plunged to fresh all-time low of 288.43 against dollar in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit depreciated Rs 1.34 or 0.46 percent. Ismail Iqbal Securities He...
