Pakistan Offered Sri Lanka $50 Million to Enhance Defence Cooperation
Pakistan has offered Sri Lanka a credit line of $50 million to enhance defence and security cooperation to end terrorism.
Business
SECP Wills to Promote Ease of Doing Business for Companies
SECP showed its intent to promote ease of doing business through meaningful stakeholder engagement.
Yarn Shortage Closes Down 25 Percent Garments Industry In Faisalabad
Due to a shortage of yarn in Faisalabad, 25 percent of garment units have been…
Consumer Confidence Index Increased by 1.8% in Q4
Dun & Bradstreet Pakistan and Gallup Pakistan recently released the report on ‘Pakistan Consumer Confidence Index (CCI)’ for Q4 2020, showing a surge of 1.8%.
SMEDA Establishes 20 Agro-Mech Technology Service Centres (ATSCs) in Sindh
Sindh receives 20 Agro-Mech Technology Service Centres (ATSCs) from the Small and Medium Enterprises Development Authority (SMEDA).
Discrepancy Found In FBR Tax Figures
The Federal Board of Revenue (FBR) has collected revenue of Rs 38.5 billion (4.3 per…
Utility Stores to Announce a Special ‘Ramazan Discount Package’ from April 1
Utility Stores Corporation (USC) announces a special ‘Ramazan discount Package’ from April 1, where subsidized rates over 19 essential commodities.
PKR Appreciated by 18 Paisa Today in the National Forex Market
In the forex market today, the Pakistani rupee (PKR) strengthened by 18 paisa against USD and closed at PKR 158.89 per USD.
Pakistan’s current account deficit fell to $229 million in Jan’21
In January 2021, Pakistan’s current account deficit fell to $229 million from $652 million compared to the previous month and $512 million compared to the previous year.
Gold Prices Fell by Rs. 50 in the Local Bullion Market
In the Pakistani bullion market, 24-karat gold fell by Rs. 50 and closed at Rs. 110,700 per tola. The previous day it closed at Rs. 110,750 per tola.
Pakistan to Enhance Bilateral Ties with Sri Lanka, Says the Adviser to PM
Pakistan is aiming to enhance trade and investment relations with Sri Lanka to enhance bilateral ties.
Opening Forex and Gold Rates on Feb 23rd
In the forex market today, the buying rate of the US dollar was Rs. 158.9 to USD, while the selling rate was Rs. 159.6 per USD.
Oil Prices Surged by More than $1 Due to the Weather Freeze in Texas
Oil prices in the US went up by more than $1 as the output remained low to return following a deep freeze in Texas.
ECC Approved Price Hike of Edible Items at Utility Stores
ECC approved the price hike of edible items at Utility Stores. The same has been notified to the stores.
Weekly SPI Increased by 0.55% for the Week Ended on Feb 18th
During the week ended Feb 18th, the Weekly Sensitive Price Indicator (SPI) for the Combined Group hiked by 0.55% compared to the previous week.
24-karat Gold Price Witnessed a Dip of Rs. 250/tola on Friday
In the Pakistan bullion market, the 24-karat gold price witnessed a drop of Rs. 250 per tola. The closing rate of 24-karat gold on Friday was Rs. 109,950 per tola
PKR Depreciated by 17 Paisa Against USD on the Last Working Day
The closing rate of PKR to USD was Rs. 159.10 per USD, against the previous day’s closing of Rs. 158.93 per USD.
Pakistan and Tajikistan Signs an Agreement to Promote Cooperation
Tajikistan and Pakistan recently signed an agreement further to promote cooperation and mutual assistance between the two countries.
PSO Recorded a Profit of Rs. 9.5 Billion for FY21
PSO reported a profit of Rs. 9.5 billion for FY21 (so far), showing a growth of 48% YoY.
Foreign Reserves Witnessed a Dip of $59 Million in Pakistan
In the week ending Feb 12th, Pakistan witnessed a dip in the foreign exchange reserves of $59 million.