PSX continues with bullish trend, gains 226 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 226.61 points, a positive change of 0.55 per cent, closing at 41,585.54 points against 41,358.93 points the previous day. A total of 229,088,710 shares were traded during the day as compared to 162,884,970 shares the previous day, whereas the price…
Adil Aziz
Zhejiang becomes top destination of Pakistan’s exports to China
Zhejiang Province has become the top destination of Pakistani exports to China in the past three years, said Ghulam Qadir, Commercial Counsellor at the Pakistani Embassy in China. In 2022, Zhejiang Province imported $954.59 million Pakistani products and exported $5.80 billion to Pakistan, adding that in 2021, Zhejiang Province imported $968.77 million Pakistani products, up…
Staff-level agreement with IMF to be signed in few days: Ishaq Dar
Minister for Finance and Revenue Ishaq Dar said that the staff-level agreement with the International Monetary Fund (IMF) would be signed in the next few days as all of the requirements had already been fulfilled. “We are very close to signing the agreement with the IMF and it would be done in the next few…
US encourages Pak to continue working with IMF to improve economy, business
Pakistan is desperate to unlock the next tranche of a USD 6.5 billion loan facility with the IMF but struggles to meet tough conditions set by the Washington-headquartered financial body The United States has encouraged Pakistan to continue working with the IMF to improve the cash-strapped country’s economy and the business environment to “unlock” the much-needed funds from the global lender. US State…
Governor SBP Inaugurates New Building of SBP BSC Sialkot Office
Governor State Bank of Pakistan, Mr. Jameel Ahmad today inaugurated the new building of State Bank of Pakistan, Banking Services Corporation (BSC) in Sialkot. The inauguration of this new building will enable BSC to meet the growing needs of the stakeholders in the region for various banking and banking related technology based services. The Governor…
DE-CIX and PTCL partner to establish Internet Exchange
DE-CIX, the world’s leading Internet Exchange (IX) operator, and Pakistan Telecommunication Company Limited (PTCL), the largest integrated Information Communication Technology (ICT) company of Pakistan, today signed a strategic partnership to establish an Internet Exchange (IX) in Pakistan. The IX will be housed as a redundant setup in the data centers of PTCL. As a world-class…
PTCL launches exclusive SheTalks Package to mark International Women’s Day
Pakistan Telecommunication Company Limited (PTCL) celebrates International Women’s Day 2023 by introducing an exclusive voice package, SheTalks for its ladies segment. The package offers unlimited PTCL to PTCL minutes, 150 free mobile minutes to all mobile networks, and a free value-added service (VAS) bundle, all for just Rs. 375 per month. PTCL has designed the…
ECC allows PASSCO to procure 1.8 MMT wheat at Rs.3,900/40kg
The Economic Coordination Committee (ECC) of the cabinet approved wheat procurement target of 1.80 million metric tons (MMT) at the rate of Rs.3,900 per 40 kilogram by Pakistan Agricultural Storage & Services Corporation (PASSCO). Considering the situation, additional demand of wheat from PASSCO’s stocks by Punjab, Sindh, Khyber Pakhtunkhwa and Baluchistan, minimum level of carry…
Careem to launch women-driven motorbike service for females, opens registrations
On the occasion of International Women’s Day,Careem announces plans to launch a new women-driven motorbike service, catering exclusively to its female customers. The service will commence in Karachi and make its way to other cities in Pakistan. Careem welcomes registrations from women who are interested in working as a female Captain to access flexible income…
Saquib Ahmad to head SAP Pakistan, Iraq & Afghanistan
Saquib Ahmad, Country Managing Director, SAP Pakistan & Afghanistan, has been given additional charge to lead SAP Iraq. He assumed his additional role as the Managing Director Pakistan, Iraq and Afghanistan with effect from March, 2023. The new role and added responsibility are a result of Saquib’s outstanding performance. He has played a strong leadership…