PSX witnesses bullish trend, gains 722pts
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed bullish trend, gaining 722.47 points, positive change of 1.79 percent, closing at 41,193.63 against 40,471.16 points previous day. Total of 176,726,529 shares were traded during day as co...
Govt to impose FED on business tickets of int’l airlines
ISLAMABAD: Government is likely to impose Federal Excise Duty (FED) on business class tickets of international airlines. According to sources, 17 percent FED will apply to inbound and outbound business class ticket passengers. Government team w...
Pak envoy, Secy Gen ASEAN discus mutual cooperation
Jakarta: Ambassador of Pakistan to Indonesia Timor Leste and ASEAN Muhammad Hassan and Secretary General of ASEAN Kao Kim Hourn discussed mutually beneficial cooperation between ASEAN and Pakistan. Pakistan valued long-standing relations with ASEAN b...
Exports decline for fourth consecutive month: PBS
ISLAMABAD: Economic and political uncertainty led Pakistan’s exports to decline by 15.4 percent to 2.2 billion in January 2023 against $ 2.61 billion in same month last year, marking fourth consecutive decline. Total number of exports in Octobe...
Cotton arrival plunges 36pc year-on-year: PCGA
Karachi: Cotton arrival decreased by 36 percent year-on-year, showed latest data released by Pakistan Cotton Ginner’s Association (PCGA). As per report, total cotton arrival declined to 4.764 million bales as of February 1, 2023, compared to 7....
PCMA urges govt to formulate integrated chemical policy
Lahore: Chemical industry is 3rd fastest growing industry in world. In order to create awareness about developments and opportunities in chemical sector, PCMA is organising second two-day B2B mega event, ‘PAKISTAN CHEMICAL EXPO 2023’ with...
PYMA seeks TDAP help for abolishing RD, anti-dumping on yarn
KARACHI: Zubair Motiwala Chief Executive Trade Development Authority Pakistan (TDAP) taking keen interest in solving problems being faced by textile industry assured support to delegation of Pakistan Yarn Merchants Association (PYMA). He said that ti...
Rupee touches to historic low as IMF gives ‘tough time’
Karachi: Rupee plunged to historic low against dollar. “At day’s close, rupee plunged to 276.58, according to State Bank of Pakistan after losing Rs 5.22 or 1.89 percent of its value. Meanwhile, domestic unit closed at 283 in open market....
China completes export of Hualong No.1 nuclear power project to Pakistan
BEIJING: Inauguration ceremony for K-3 Hualong No.1 nuclear power unit in Karachi marking first time China has officially delivered its self-built third-generation nuclear power technology to foreign country, China National Nuclear Corporation (CNNC)...
Country needs all parties’ alliance to ensure economic stability: Ahsan Iqbal
ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal called upon all politicians, irrespective of party affiliation to work as team to come out of crises. “Pakistan is passing through worst economic crisis so, it is...
