Pakistan, US discuss ways to enhance economic cooperation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar and Ambassador of the United Stated of America to Pakistan, Donald Blome exchanged views about areas of common interest and enhancing existing bilateral relations between the two countries. Finance ministry the discussion was made during the call on meeting of US Ambassador with the finance…
Adil Aziz
Governor SBP unveils Rs.75 commemorative banknote to mark 75 SBP years
Governor State Bank of Pakistan, Jameel Ahmad, on Tuesday (July 04), unveiled a commemorative banknote to mark the 75 years of the establishment of SBP in a ceremony held here at the SBP Museum. The Rs 75 commemorative banknote is predominantly blue which has been chosen to impart a sense of stability associated with a…
Jubilee Life Insurance Felicitates Pakistan Contingent for Remarkable Performance at the Special Olympics World Games, Berlin 2023
Jubilee Life Insurance proudly congratulated the Pakistani squad for their outstanding achievements at the Special Olympics World Games 2023 held in Berlin. The athletes showcased their extraordinary talents and determination, securing a total of 80 medals, including 11 gold, 29 silver, and 40 bronze, placing Pakistan among the top-performing nations in the global event. Jubilee…
LUMS Energy Institute hosts seminar on advancing Pakistan’s Energy Sector
Pakistan’s leading higher education institution, LUMS, organised a seminar on ‘Advancing Pakistan’s Power Sector through Strategic Investments and Digitisation’, featuring renowned energy experts, researchers, and academics. The seminar explored the transformative potential of strategic investments in confronting the challenges to Pakistan’s power sector, such as power shortages, distribution inefficiencies, and outdated infrastructure. The seminar was…
Alibaba.com Launches Verified Supplier Membership in Pakistan
Highlights Value of B2B E-commerce in Conjunction with World MSME Day In conjunction with the World MSME Day, Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, has introduced the Verified Supplier membership in Pakistan to help eligible Pakistani exporters win the trust of global buyers when conducting online trade. The move is Alibaba.com’s latest…
5G technology set to revolutionize connectivity, business concepts
The commercial usage of 5G technology (the 5th Generation Mobile Network) would herald a new era of seamless connectivity, empowering individuals and propelling industries towards a future of untapped potential. With its transformative capabilities, the 5G is set to revolutionize the way people connect, while simultaneously ushering in a wave of extraordinary business opportunities, particularly…
Trade deficit narrows by 43% as exports mount to $27.7 Billion in FY-23
The trade deficit witnessed a decline of 43.03 percent during the fiscal year 2022-23 as compared to the previous year (2021-22). The trade deficit during July-June (2022-23) was recorded at $27.547 billion against the deficit of $48.354 billion in July-June (2021-22), a decline of 43.03 percent. The exports during the period were recorded at $27.744…
PSX witnesses historic single-day gain of around 6%, expands by 2,446 points
Bullish trend dominated at the 100-index of the Pakistan Stock Exchange (PSX), as it witnessed historic single-day gain of 2,446 points on Monday, a positive change of 5.90 per cent, closing at 43,899.01 points against 41,452.69 points the previous trading day. Following the agreement with the International Monetary Fund (IMF), a total of 381,904,794 shares…
OGDCL revives Jhal Magsi gas project
In a significant move towards meeting the country’s growing energy demands, Oil and Gas Development Company Limited (OGDCL), the leading exploration and production company in Pakistan, has revived Jhal Magsi gas project. The state-of-the-art gas processing plant, with a daily capacity to produce 13.7 MMSCF process gas and 45 BBL/day condensate, will mitigate escalating energy…
Pakistan’s total foreign reserves reach at $ 9.34 billion
The total liquid foreign reserves of Pakistan stood at US$ 9,340.8 million while reserves held by the central bank reached at US$ 4,069.9 million. The State Bank of Pakistan, in a statement issued here on Monday (July 03), informed that foreign reserves of the central bank reserves increased by US$ 533 million to US$ 4,069.9…