ISLAMABAD – Pakistani telecom operator Ufone brings a gaming ecosystem for all its customers in Pakistan. Ufone’s UBox app provides access to hundreds of games without any ads or in-app purchases for a small subscription fee. Using UBox, customers can enjoy a variety of selected games, especially to challenge the minds and provide a better […]
Category: Latest Business News
Pakistan decides to register pink salt as GI
ISLAMABAD-Pakistan, after registering Basmati rice, decided to register pink salt from the country’s Salt Range as the Geographical Indication (GI). “To prevent unauthorized use of Pakistan Geographical Indications (GI) by other countries, a meeting was held with the IPO Pakistan at the Ministry of Commerce (MOC). GI registration of products from various regions of Pakistan […]
Rupee gains 04 paisas against US dollar
ISLAMABAD – The exchange rate of the Pakistani rupee strengthened 04 paisas against the US dollar in interbank trading on Wednesday and closed at Rs 159.30 compared to the closing of Rs 159.34 the previous day. Meanwhile, according to the Pakistan Forex Association, the dollar buy and sell rates on the open market were recorded […]
Jahangir Khan becomes Roshan Digital Account Ambassador for Habib Metro Bank
KARACHI – HABIBMETRO signed former squash world champion Jahangir Khan as Roshan Digital Account (RDA) ambassador. The agreement was signed between Jahangir Khan and Mohsin Ali Nathani, president and CEO of HABIBMETRO Bank. Speaking at the ceremony, Nathani said, “Mr. Khan is a legend not only in Pakistan but all over the world, and it […]
Graana.com formally launches services nationwide
LAHORE – Simplifying the real estate experience for every Pakistani, Graana.com, Pakistan’s first online real estate market, has officially launched nationwide services. After the PropTech pioneer successfully conquered the real estate market and stood out in Islamabad and Rawalpindi, it has ventured into more than 20 cities in Pakistan with more than 30 offices to […]
The FBR collected more than Rs 20 billion in revenue
The Federal Board of Revenue (FBR) achieved revenue of Rs 20 billion more than the target set for July-January. The FBR collected revenue of Rs 2,570 billion in the first seven months of the current financial year, which is 6.4 per cent more than the Rs 2,416 billion collected in the same period last year. […]
Stock market gains 170 points
ISLAMABAD – Pakistan Stock Exchange (PSX) KSE 100 index continued with an upward trend on Wednesday, rising 170.75 points and closed at 46,287.38 points on the last business day from 46,458.13 points with a positive change of 0.37 percent. A total of 610,940,266 shares were bought and sold during the day compared to the trading […]
FFC announces annual financial results for 2020
Fauji Fertilizer Company (FFC) disclosed its financial results for the year ended December 31, 2020 with a net profit of Rs 20.82 billion. Profitability translated into Earnings Per Share (EPS) of Rs 16.36, which is 22% higher than last year. The increase in profitability may be attributed to a temporary gain mainly resulting from the […]
Pakistan to reach at 1.5% growth rate in current year: IMF
Citing negative growth of 0.4% for the 2019-20 fiscal year, the International Monetary Fund (IMF) achieved 1.5% of Pakistan’s GDP growth rate for the current year 2020-21 on Wednesday. However, with the expectation that the recovery in economic activity will help improve the growth trajectory after overcoming the COVID-19 pandemic, the incumbent government envisioned a […]
Stock market gains 219 points
ISLAMABAD – Pakistan Stock Exchange’s (PSX) KSE 100 index reversed on Monday and witnessed its upward trend, rising by 219.60 points, 0.48 percent positive change, from 45,868.04 points to 46,087.64 points on the last business day. closed. The stock price was Rs 21,046 billion against Rs 15,830 billion the previous day, while a total of […]
IT exports register 40 percent increase
ISLAMABAD – In the performance report of the Pakistan Software Export Board (PSEB), the attached department of the Ministry of IT, ISLAMABAD – The country’s IT exports increased by 40 percent in the period July-December 2020 compared to the corresponding period of the 2019-20 fiscal year. and Telecommunications. According to the report, Information and Communication […]
Gold imports fall 52 percent in 1st half of fiscal year 2021
ISLAMABAD – Pakistan Statistics Bureau (PBS) reported that gold imports to the country fell 52.17 percent in the first half of last year compared to the same period last year. According to the data, gold imports to the country in the period of July-December (2020-21) were recorded as $ 4.385 million compared to the imports […]
State Life introduces cheque drop box facility for policyholders in all zonal offices
KARACHI-State Life has commissioned the check deposit facility in all regional offices for the convenience and convenience of its insured. For this purpose, the company has placed drop boxes at the entrance of all regional offices, which can be used both on working days and on holidays, in accordance with all SOPs. A copy of […]
Oil prices down as China tightens virus restrictions
Oil prices plummeted on Friday over the resurgence of coronavirus infections in China, the world’s second-largest oil consumer, as the country tightened lockdowns and restrictions, raising concerns about poor demand. The international benchmark Brent crude was trading at $ 55.47 a barrel from 0659 GMT, down 1.12% after closing Thursday at $ 56.10 / barrel. […]
Allied Bank partners with Infobip to offer WhatsApp banking
Lahore-Allied Bank, one of Pakistan’s largest commercial banks, announced the addition of WhatsApp to customer communication channels in collaboration with global cloud communications provider Infobip. The move was prepared to strengthen the Bank’s digital presence and to provide customers with universal banking services that meet today’s connected consumer expectations. Allied Bank aims to increase customer […]
Ecnec approves development projects worth More then Rs251 billion
ISLAMABAD – The Executive Committee of the National Economic Council (ECNEC) approved development projects in excess of Rs 251 billion on Thursday. Federal Minister of Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the ECNEC Executive Committee in the Cabinet Division. ECNEC evaluated and approved a summary of the construction of the […]
Which consumers will be affected by the increase in electricity prices?
An increase in the price of electricity by Rs. 95 per unit will affect all consumers. Power Division sources said that consumers using up to 50 units of electricity will have to pay Rs 197.50 instead of Rs 100, while those using up to 100 units will have to pay Rs 774 instead of […]
Output of LCVs declines 4.28pc in five months
ISLAMABAD: Light commercial vehicle (light commercial vehicle) production decreased by 4.28 percent in the first five months of the 2020-21 fiscal year compared to the same period of the previous fiscal year. According to the Pakistan Bureau of Statistics (PBS), 6,957 light commercial vehicles were produced between July-November (2020-21), down 4.28 percent, compared to 7,268 […]
PIBT handled record 1.04MTs of coal cargo in December 2020
LAHORE – Pakistan International Bulk Cargo Terminal (PIBT) handled a record 1.04 million tons of coal cargo in December 2020; this means more than 0.791 million tons of cargo handled in December 2019. The million-ton solid makes PIBT the country’s leading bulk terminal. The terminal also handled 5.27 million tons of cargo between July and […]
FIEDMC completing high valued projects on priority basis
Faisalabad – FIEDMC plays a vital role in completing high-value projects primarily. Mian Kashif, president of FIEDMC, spoke with Chinese Ambassador Nong Rong, saying that FIEDMC is a multi-functional organization that manages multiple industrial sites in the Faisalabad Division, including Pakistan’s most successful industrial area M3 Industrial Estate, Sahianwala, Faisalabad. Speaking with the Ambassador, FIEDMC […]
ECC directs TCP to import 500,000 MTs of white sugar
[On Wednesday, the Cabinet’s ISLAMABAD-Economic Coordination Committee (ECC) directed Pakistan Trading Corporation (TCP) to import 500,000 Tons (Metric Tons) of white sugar as and when needed during the current season. Finance and Revenue Minister Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet. The Ministry of Industry and […]
PSX witnesses bullish trend
ISLAMABAD – Pakistan Stock Exchange (PSX) KSE 100 index witnessed its upward trend on Tuesday, gaining 176.55 points with a 0.39 percent positive change, closing at 45,903.23 points on the last business day, at 45,726.68 points. A total of 491,787,174 shares were traded during the day compared to the trading of 543,645,793 shares the previous […]