Large Scale Manufacturing production goes up by 1.48%
The output of the Large Scale Manufacturing Industrial (LSMI) sector witnessed an increase of 1.48 per cent during January, the first month of the calendar year 2023, as compared to December 2022. However, according to the provisional quantum indices of LSMI for January 2023 released by the PBS, on a year-on-year (YoY) basis, the big…
Adil Aziz
SECP seeks to align Companies Act to promote business growth
In order to align the company law with international best practices and promote business growth and development in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has initiated a comprehensive review of the Companies Act, 2017. To that end, Mr. Akif Saeed, Chairman of the SECP, has established a Special Com mittee tasked with…
$4.5 Million fertilizer right project launched
Pakistan Agriculture Research Council (PARC) in collaboration with United States launched $4.5 million “Fertilizer Right Project”, aiming at to enhance fertilizer use efficiency through innovative practices as well as to address climate, environmental and economic challenges. As part of the US-Pakistan “Green Alliance” framework, the project prioritizes cooperation to overcome agricultural challenges caused by climate change,…
ECC fixes cotton intervention price at Rs 8,500 per 40 kg
Economic Coordination Committee (ECC) of the Cabinet fixed cotton (Phutti) intervention price at Rs 8,500 per 40 Kg for current sowing to revive cotton production, bring stability to the domestic market and assure fair return to the farmers in the country. Ministry of National food Security and Research submitted a summary on cotton Intervention Price…
Pakistan, Canada discuss ways to promote cooperation in trade, investment
The High Commissioner of Canada, Ms. Leslie Scanlon and Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar exchanged views on enhancing bilateral relations in various avenues and cooperation in a number of fields including trade, investment and climate resilience. During a call on meeting of the High Commissioner with the Finance Minister, both the…
Sunwalk Group intends to invest USD 2 Billion in Telecom Sector: Amin Ul Haque
Minister for Information Technology and Telecommunication Syed Amin Ul Haque said that Sunwalk Group intends to invest USD 2 billion in Telecom Sector for the deployment of an Optical Fiber Network, encompassing an area of 100,000 km. The wiliness to make investments was showed by a high-level delegation of Sunwalk Group led by Chairman Mr…
Finland, Pakistan business communities come together to expand business cooperation
Finland-Pakistan Business Council (FPBC) organized the 10th edition of its legacy Finland Pakistan Business Summit 2023. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to boost bilateral trade, investment, and exchange of technical expertise for shared growth and development. The summit was inaugurated by the ambassador of Finland…
PSX gains 62 points
The 100-index of the Pakistan Stock Exchange (PSX) gained 62.98 points, a positive change of 0.15 per cent, closing at 41,856.85 points against 41,793.87 points the previous day. A total of 289,274,485 shares were traded during the day as compared to 272,742,393 shares the previous day, whereas the price of shares stood at Rs 10.268…
Rupee recovers Rs 1.52 against dollar
The Pakistan rupee recovered Rs 1.52 against the dollar in the interbank trading on Friday and closed at Rs 280.77 against the previous day’s closing of Rs 282.29. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 281.5 and Rs 284…
Women’s empowerment to change country’s economic landscape: CCP chairperson
Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain Hassan has stressed the need to promote women’s economic empowerment as it would change the country’s economic landscape. She was addressing the opening session of a seminar held in connection with the International Women’s Day to discuss the crucial role of Small and Medium Enterprises in the…