PSX stays bullish, gains 255 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend, gaining 255.52 points, a positive change of 0.61 per cent, closing at 41,923.46 points against 41,667.94 points the previous day. A total of 240,829,334 shares were traded during the day as compared to 145,177,892 shares the previous day, whereas the price of shares…
Adil Aziz
Pakistan has better opportunities for foreign investors in diverse sectors: Commerce Minister Naveed Qamar
The minister highlighted the significant economic reforms undertaken by the government to enhance ease of doing business and ensure a secure and profitable environment for investors Federal Minister for Commerce, Naveed Qamar held meeting with the leading investment firms in London and shared with them the investment potential of Pakistan in various fields of economy….
Pakistani mangoes to embark on first land journey to Xinjiang this year
A Karachi based logistic enterprise will transport mangoes from Pakistan to Xinjiang Uyghur Autonomous Region through land route this month. “We are planning to export [Pakistani] mangoes after 10th June this year to Xinjiang via land route,” Tayyab Khan, CEO of logistics company Sadequain Shipping Line. Having succeeded in shipping the first land containerized seafood…
China to work with Pakistan to boost bilateral trade through land transportation: Wang Wenbin
China welcomed quality agricultural products from Pakistan to enter its market and stands ready to continue to work with Pakistan to boost bilateral trade through land transportation. As all-weather strategic cooperative partners, China and Pakistan have engaged in close cooperation in trade and other fields, Chinese foreign ministry spokesperson Wang Wenbin said in response to…
UPaisa offers rewarding discounts on Ufone 4G bundles exclusively for its users
UPaisa, a Pakistani digital financial services provider, now offers rewarding discounts on Ufone 4G bundles exclusively for its users. Both existing and new UPaisa customers can avail discounts on Ufone 4G’s top two bundles, including ‘Sab Se Bari Plus Offer’ and ‘Monthly Social Hero’ to enjoy remarkably large data bundles of 40 GB and 12…
Trade deficit narrows by 40.59% in 11 months of FY 23
The trade deficit witnessed a decline of 40.59 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year. The trade deficit during July-May (2022-23) was recorded at $25.791 billion against the deficit of $43.409 billion in July- May (2021-22), a decline of 40.59 percent. The…
Pakistan, Poland agree to take measures to boost bilateral trade, diplomatic ties
Pakistan and Poland have agreed to take practical measures to intensify cooperation in diverse areas of mutual interest to boost bilateral trade and diplomatic ties. The two sides, at the 8th round of Pakistan-Poland Bilateral Political Consultations held here on June 05, reviewed the entire gamut of bilateral relations and agreed to enhance high-level exchanges…
Oil rises on Saudi plan to deepen output cuts from July
OIL prices rose after the world’s top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures settled up 58 cents at US$76.71 a barrel, after touching a session high of US$78.73. US West Texas Intermediate…
FPCCI’s UBG demands business friendly, export-oriented, pro-poor budget
Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (UBG) demanded a business-friendly, export-oriented and pro-poor people budget to gear up trade activities, besides restoring the confidence of investors with a basket of lucrative incentives to attract foreign investments. Chairing a meeting of industrialists and traders, Chairman UBG Shahzad Ali Malik said that…
Global Airlines more than double 2023 profit outlook
GLOBAL airlines more than doubled their 2023 industry profit forecast to US$9.8 billion from US$4.7 billion on Monday (Jun 5) cheered by strong travel demand as the sector recovers from the Covid-19 pandemic. “The pandemic years are behind us and borders are open as normal,” Director General Willie Walsh told the annual meeting of the International…