World food prices hit record high in 2022 despite December fall
World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since records began, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally…
Adil Aziz
HEC Scholarships- Capitalizing nation’s real resource
Human capital has always been the best-ever resource for any country to glitter on international horizons by taking strides in different arena of life and taking nation to new heights of progress and self-sufficiency. For this purpose, the educated youth is inevitable and every nation diligently focuses this area by creating more opportunities for its…
SECP to reform PMEX for creating linkage with rural economy: Akif Saeed
The Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed said regulatory and structural reforms will be introduced along with product development to link Pakistan Mercantile Exchange (PMEX) with the rural economy of Pakistan. The Chairman SECP, accompanied by senior officials, met the Board of Directors and senior management of Pakistan Mercantile Exchange (PMEX)…
Oil prices rise US$1 on China’s reopening optimism
OIL prices rose as much as US$1 on Friday, extending gains from the previous trading session on hopes of a China demand boost and after data showed lower fuel inventories in the United States following a winter storm that hit during the year end. Brent crude futures were 94 cents, or 1.2 per cent, higher…
Twitter hacked, 200 million user email addresses leaked: researcher
HACKERS stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum, a security researcher said on Wednesday. The breach “will unfortunately lead to a lot of hacking, targeted phishing and doxxing,” Alon Gal, co-founder of Israeli cybersecurity-monitoring firm Hudson Rock, wrote on LinkedIn. He called it…
Services’ trade deficit shrinks by 49.50 % as exports grow by 5.73%
The services trade deficit narrowed by 49.50 per cent as exports witnessed a growth of 5.73 per cent during the first five months of the current fiscal year as compared to the corresponding period of last year. According to PBS data, the exports from the country during July-November (2022-23) were recorded at $2,899.98 million against…
PSX hosts Gong Ceremony to Mark the Acquisition of Cloudways by DigitalOcean
Pakistan Stock Exchange (PSX) welcomed the Rt. Hon. Lord Aamer Sarfraz of Kensington who is a Senior Advisor to several NYSE listed technological firms including DigitalOcean Holdings Inc., Mr. Yancey Spruill CEO DigitalOcean and Mr. Aaqib Gadit who is the Founder of Cloudways with a Gong Ceremony to celebrate acquisition of Cloudways by DigitalOcean Holdings…
AAA Associates, Garden City Golf and Country Club Bahria Town organizes New Year Invitational Golf Match
The real estate firebrand AAA Associates sponsored a two-day Golf match starting on 31st December 2022 and ending on 1st January 2023 at Garden City, Bahria Town Phase 7, Rawalpindi. It was an invitational golfing event that included prominent golfers from the armed forces background, civil administration, and distinguished social and political figures. Usman Iqbal…
Chairman SECP for continuous engagement with market participants
SECP team visits PSX The Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed, during his visit to Karachi, met with the management and Board of Directors of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL) as well as the Executive Committee of Pakistan Stock Brokers Association (PSBA) representing brokerage industry….
Oil falls by more than 5% on global economy worry, China Covid cases
OIL fell by more than US$4 a barrel on Wednesday (Jan 4), with Brent suffering its biggest percentage loss in the first two trading days of the year since 1991, as demand concerns linked to the global economy and rising Covid-19 cases in China crushed crude prices. Brent futures settled at US$77.84 a barrel, falling…