PSX turns around to bullish trend, gains 448.88 points
The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 448.88 points, a positive change of 1.17 percent, closing at 38,791.09 against 38,342.21 points the previous day. A total of 153,090,751 shares were traded during the day as compared to 205,906,982 shares the previous day, whereas the price of…
Adil Aziz
President urges State’s pillars, business community to jointly resolve economic issues
President Dr Arif Alvi said parliament, judiciary, executive and business community need to work in tandem to resolve the economic issues. Talking to the Presidents of Chambers of Commerce and Industry from across the country, the president called for identify the economic issues faced by the nation and resolving them to bring about political, economic and…
PSX Signs Agreement with Karandaaz at a Gong Ceremony
In a landmark development for the capital market, Pakistan Stock Exchange (PSX) signed an Agreement with Karandaaz whereby Technical Assistance (TA) grants would be given to prospective companies to be listed on the GEM Board. The Agreement was signed by Mr. Farrukh H Khan, MD & CEO PSX, and Mr. Waqas ul Hasan, CEO Karandaaz…
Amin-ul-Haq stresses for enhancing Pak-US business relations
Minister for IT and Telecommunication Syed Amin-ul-Haque stressed the need for enhancing Pakistan-United States business relations and bilateral cooperation in various fields of mutual interest. Talking to US ambassador to Pakistan Donald Blome, the minister said business relations would prove beneficial for both countries. The minister informed the US ambassador that Pakistan’s Information Technology and telecom…
Coinbase, Marathon Digital lead 2023 resurgence in crypto stocks
CRYPTOCURRENCY-linked stocks are roaring back as Bitcoin enjoys its longest winning streak in more than nine years. The rally in Bitcoin has boosted shares of crypto-exposed companies such as Coinbase Global, Marathon Digital Holdings and Riot Platforms. All three are up 45 per cent or more from the start of the year. Meanwhile, the NYSE…
ECC approves assignment of 34% working interest of POL, 6% of AOC to POGC in Kirthar South Block (Sindh)
The Economic Coordination Committee (ECC) approved the assignment of 34% working interest of M/s Pakistan Oilfields Limited (POL) and 6% of M/s Attock Oil Company Limited (AOC) to M/s Polskie Gornictwo Naftowe I Gazowinictwo S.A (Polish Oil and Gas Company) (POGC) in Kirthar South Block (Sindh). Federal Minister for Finance and Revenue Senator Mohammad Ishaq…
PSX witnesses bearish trend, loses 1,378 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend losing 1,378.54 points, a negative change of 3.47 percent, closing at 38,342.21 against 39,720.75 points the previous day. A total of 205,906,982 shares were traded during the day as compared to 105,542,468 shares the previous day, whereas the price of shares stood at…
President for realizing full potential of Sino-Pak bilateral trade
President Dr. Arif Alvi stressed enhancing bilateral trade with China, which currently stands at US$ 27.8 billion, and said the strengthening of business could prove mutually rewarding. Talking to the outgoing Chinese ambassador Nong Rong here at the Aiwan-e-Sadr, the president noted that under China Pakistan Economic Corridor (CPEC), 19 projects were completed, 28 were under…
Hugosave’s parent to set up digital bank in Pakistan
A SINGAPORE-BASED consortium led by Atlas Consolidated, the parent company of wealth and savings app Hugosave, has obtained a no-objection certificate by the State Bank of Pakistan. With the new digital banking licence, the company revealed on Tuesday (Jan 17) plans to open a new digital bank – HugoBank – in Pakistan in the coming…
Government needs to target advance manufacturing products to boost exports’ value: Study
As the country’s exports’ value has remained stagnant for over a decade due to having concentrated largely in traditional sectors, a study suggested the policy makers to diversify the exports product base besides targeting industries with large global exports wallets, which are in advanced manufacturing products. The report jointly conducted by the Planning Commission and…