WB launches new programme to foster debate on Pakistan’s development-policy issues
The World Bank launched a new programme titled “‘Reforms for a Brighter Future: Time to Decide” aimed at fostering a productive debate on the critical development policy issues being faced by Pakistan. The programme is intended to engage in discussions with a broad range of stakeholders that what ‘fundamental policy shifts’ are most needed to…
Adil Aziz
Ufone 4G & JoChaho join forces to transform online shopping
Pakistani telecom operator, Ufone 4G has joined forces with JoChaho, a leading e-commerce mobile application, to revolutionize the online shopping experience for millions of customers across the country. The partnership is in line with Ufone 4G’s sustained commitment to enable customers and transform user journeys to the realm of digital technology and innovation. JoChaho is…
Exploring more markets for the export of Pakistani rice
Pakistan also exports rice to some other countries including Saudi Arabia, the United Arab Emirates, Afghanistan, Iran, the United Kingdom, and the United States With the approval of the Global Indication Law by the Pakistan Parliament, the country’s Basmati rice is attracting potential global markets making entries into the Middle East, Europe, South East Asia,…
Commerce minister engages leading retailers to boost exports
Federal Minister for Commerce, Industries and Production, Dr. Gohar Ejaz engaged in productive dialogue with leading retailers to strengthen Pakistan’s retail sector to boost exports. The minister chaired a meeting with prominent retailers from across Pakistan to discuss strategies aimed at enhancing the retail market conditions and improving the nation’s exports, said a press release…
SECP introduces Shariah Governance Framework 2023
The Securities and Exchange Commission of Pakistan (SECP) has notified the Shariah Governance Regulations, 2023, revamping the regulatory framework by combining and repealing the earlier Shariah Governance Regulations, 2018 and the Shariah Advisors Regulations, 2017. The new regulations, issued under Section 512(1) read with Section 451 of the Companies Act, 2017, have introduced the concepts…
Pakistan’s total liquid foreign reserves reach $13.186 Billion
The total liquid foreign reserves of Pakistan reach US$ 13,186.6 million while reserves held by the central bank stood at $ 7,695.3 million. The State Bank of Pakistan, in a statement issued, informed that SBP’s reserves increased by $ 56 million to $ 7,695.3 million during the week ended on September 15, 2023. Meanwhile, net…
Trade volume with Bahrain has surge by 400%: Irfan Iqbal Sheikh
Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that bilateral trade volume in FY 22 had surged by almost 400% with Bahrain as compared to FY 20 as it was recorded at $595.12 million in FY 22; whereas it was $119.95 million in FY 20 – however, the bilateral trade balance is in Bahrain’s favor….
PSX turns around, gains 312 points
The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and gained 312.55 points, showing a positive change of 0.68 per cent, closing at 46,202.13 points against 45,889.58 points the previous day. A total of 172,158,686 shares valuing Rs.5.345 billion were traded during the day as compared to 129,372,427 shares valuing Rs.3.639 billion…
Russia imposes temporary restrictions on fuel exports
RUSSIA has introduced temporary restrictions on exports of petrol and diesel in order to stabilize the domestic market, the government said on Thursday (Sep 21). It did not specify how the restrictions would work. The energy ministry said separately that they would prevent unauthorized “grey” exports of motor fuels. “Temporary restrictions will help saturate the…
Rupee gains Rs 1.11 against US Dollar
Pakistani Rupee witnessed 13th consecutive recovery session as it gained Rs 1.11 against the US dollar in the Interbank trading and closed at Rs 292.77 against the previous day’s closing of Rs 293.88. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood…