Abdul Aleem Khan assures 24/7 support to Turkish businesses in Pakistan
Offers special tax concessions for Turkish companies in Pakistan
Money
Gold in Pakistan increases to highest rate in history
Silver rates per tola remain stable at Rs2,950
Govt ends discounted rates at Utility Stores
Flour, ghee, rice, sugar, pulses to be available at market rates at Utility Stores
US dollar continues to gain against Pakistani rupee
American currency reaches Rs278.60 in interbank market
Pakistan drives agricultural and business growth with $1.2bn in sales
Key conferences with China and Africa highlight bilateral trade and investment opportunities
Gold price in Pakistan continues upward trend
Silver rates per tola remain stable at Rs2,950
Abdul Aleem Khan directs transparency in privatization process
The meeting gives key approvals for privatizing loss-making institutions
IMF further delays approval of Pakistan's $7bn loan package
Sources say main reason for delay is non-timely rollover of $12 billion loan from friendly countries
US dollar thrashes Pakistani Rupee in interbank trading
IMF Executive Board meeting agenda issued, Pakistan not included
Pakistan's IT exports surge by 34% in July 2024
IT sector contributes 46% to total exports in first month of FY 2024-2025
Rising inflation: Major decline in bank borrowing in Pakistan
Trend of taking loans for vehicles, houses, personal needs significantly decreases
Zindigi, King’s Trust International, PAGE expand 'The Achieve' initiative
Extension reflects Zindigi's ongoing commitment to fostering entrepreneurship among youth
Pakistan's domestic exports rose by 8.90% in FY2023-24
Textile sector remains significant contributor, with exports totalling $16.65 billion
Another advisory issued to refute ATM shutdown rumours
National Computer Emergency Response Team says banking infrastructure in country fully functional
Gold price in Pakistan jumps back up again
Silver rates per tola remain stable at Rs2,950
FBR announces deadline for filing income tax returns
Those who default will face daily penalty of 0.1% of due tax amount
OGDCL, Mari Petroleum make gas discoveries
New gas reserves found in Rahim Yar Khan and Chagai districts
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
PIA announces massive discount on flights
Discounted tickets can be purchased until August 31
Third oil and gas reservoir discovered in a month
Newly discovered well expected to produce 153 barrels of crude oil, 17.9 million cubic feet of gas per day
Pakistan's current account deficit drops by 78% in July 2024
Experts attribute deficit to widening trade gap, which increased by 11% from June to July 2024
Foreign Direct Investment continues to decline on month-on-month basis
Foreign direct investment every month fell from $360 million to $170 million over four months
After historic high, gold price in Pakistan comes down
Silver rates per tola remain stable at Rs2,950
IMF Executive Board meeting agenda issued, Pakistan not included
Despite exclusion, Executive Board has discretion to add agenda items outside of official schedule
Good news for agri, power sectors: Tarbela reaches full capacity
This marks second consecutive year that the dam has been fully filled, storing over 5.8MAF of water
FINANCE
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Pakistan Stock Exchange drops as KSE-100 Index falls
On Thursday, PSX surged to all-time high, driven by positive market sentiment following IMF loan approval
Indian shares hit record highs; IT stocks support
IT companies rise as much as 3%, are set for their best day in over a month
Date for PIA auction extended to Oct 31
Deadline for signing draft agreement also extended to October 25
RBI to keep repo rate at 6.50% in October, cut by 25bps in December
Most economists say RBI won't be led to follow up quickly after US Federal Reserve's 50 basis-point cut this month
PM Shehbaz meets IMF chief, discusses strengthening economic cooperation
Sources says Pakistan has requested between $1-1.5bn in climate financing from IMF
AUTO
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Pakistan's energy sector thrives: MPCL completes third well in Ghazi area
Mari Petroleum Company Limited achieves milestone in energy exploration
Punjab govt approves 1KV solar systems for 50,000 households
1KV system will include two solar panels, battery, inverter, wires to run fans, lights, small motors etc
3 oil refineries to ink strategic partnership with Oghra to boost energy sector
Collaborative efforts drive upgradation for sustainable fuel production
Pakistan strikes $200 million solar power deal with Chinese firm
Northern Power Generation Company to convert thermal plant to solar, significantly reducing costs
Foreign companies commit to wind, solar power projects in Karachi
Private firms to start project to supply electricity to citizens through alternative sources in collaboration with KE
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