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Pakistan Auto Show, a jewel of auto-world

From 29-31 July 2022, th culturally rich city of Lahore will witness the 17th edition of the largest Pakistan Auto Show after a prelude of two years. The supporting partners are the Trade Development Authority, Govt. of Pakistan, the Engineering Development Board, PCSIR, Small and Medium Enterprises Development Authority. Robert Irwin says,…

Advisor to US president visits LCCI, stresses greater economic ties

US government committed to grow US-Pakistan commercial and economic ties: Dilawar Syed LAHORE    -  Advisor to US President Dilawar Syed has said that the United States is Pakistan’s largest single-country export market and one of Pakistan’s largest sources of foreign investment. We must capitalize on that potential and nurture even greater…

Rupee gains 28 paisas against dollar

ISLAMABAD    -    Exchange rate of the Pakistani rupee appreciated by 28 paisas against the US dollar in the interbank trading on Monday and closed at Rs 204.56 against the previous day’s closing of Rs 204.84. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 203.9…

Oil seeds cultivation registers positive growth

ISLAMABAD    -    Owing to incentives introduced by the government for enhancing area under oil seeds cultivation, local output of oil seed crops including canola, sunflower and mustard witnessed encouraging growth during last season, which would help to increase local output of edible oil as well as reduce the reliance on imported commodity.…

SBP adopts more AAOIFI Shariah Standards

KARACHI    -    The State Bank of Pakistan on Monday decided to adopt more Shariah standards of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in a systematic and gradual manner. Strengthening Shariah compliance of Islamic banking industry in line with the best international practices is one of the key pillars of…

Stock market loses 282 points

ISLAMABAD     -    The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 282.16 points, a negative change of 0.68 percent, closing at 41,348.19 points against 41,630.35 points on the last working day. A total of 86,619,229 shares were traded during the day compared to the trade of 154,030,533 shares the…

Nepra hints at Rs9.42/unit hike in tariff for K-Electric consumers

Nepra turns down company request for allowing transfer of May FCA in July’s bills ISLAMABAD   -  National Electric Power Regulatory Authority Monday hinted at an increase of Rs 9.42 per unit in tariff for the consumers of K-Electric on account of fuel charges adjustments (FCA) for the month of May. During public hearing on KE’s petition,…

Miftah holds meeting with ADB’s country director

ISLAMABAD   -   Minister for Finance and Revenue Miftah Ismail Monday held a meeting with Country Director Asian Development Bank (ADB) Yong Ye at Finance Division. Finance Minister Miftah Ismail welcomed the delegation from ADB and acknowledged ADB’s facilitation in continuation of reform programs for sustainable growth in Pakistan. The finance…

Gold price declines

ISLAMABAD     -     The price of 24 karat gold witnessed a decrease of Rs.300 per tola and was sold at Rs.141,400 on Monday against its sale at Rs. 141,700  the previous day in the local market. The price of 10 gram 24 karat gold also decreased by Rs.257 and was sold at Rs.121,228 against its sale at Rs. 121,485 whereas the prices of ten gram 22…

Meeting of NCC-FFP held

ISLAMABAD    -   The meeting of National Coordination Committee on Foreign Funded Projects (NCC-FFP) was held at the Ministry of Economic Affairs Monday to review foreign funded World Bank project – “Hydro-Met and Climate Services Project worth $188 million”. The meeting was chaired by the Federal Secretary for Economic Affairs, Mian Asad Hayaud…

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