Ethiopia land of opportunities, right time for economic collaboration: Envoy By: inp on May 3, 2024Ethiopian Ambassador in Pakistan, Mr. Jemal Beker Abdula has said that Ethiopia is a land of opportunities, hospitality and gestures thereby this is the right time to engage for economic collaboration. He said that Ethiopia was a fully linked country with all the neighboring countries, with the cheapest energy availability where all the investments were […]
Gold price per tola falls Rs900 By: News Desk on May 3, 2024Gold prices continued their downward trajectory in Pakistan for the fourth successive session on Thursday, in line with the ease in the international rate. In the local market, gold price per tola reached Rs241,000 after a single-day fall of Rs900. The 10-gram gold was sold at Rs206,619 after a decrease of Rs771, according to the […]
PSX witnesses bearish trend, loses 444 points By: APP on May 3, 2024The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, shedding 444.91 points, a negative change of 0.63 percent, closing at 70,657.64 points against 71,102.55 points the previous trading day. A total of 436,993,041 shares valuing Rs 19.024 billion were traded during the day as compared to 560,552,783 shares valuing Rs 25.730 […]
PTA deliberating on FBR decision to block SIMs By: APP on May 3, 2024Pakistan Telecommunication Authority (PTA) is currently deliberating on a recent decision made by the Federal Board of Revenue (FBR) and is engaged with cellular mobile operators and concerned stakeholders on the matter. “Our foremost objective is to uphold compliance within regulatory framework and relevant legal provisions while safeguarding the interests of telecom consumers” the PTA […]
Pakistan’s Economic Miracle: A Year Of Resilience And Triumph By: Maria Mansab on May 3, 2024In a world fraught with uncertainty, Pakistan emerges as a beacon of hope and resilience, showcasing a remarkable economic revival and diplomatic triumphs from last year till today. Despite global challenges, Pakistan’s journey is a testament to its unwavering determination and steadfast commitment to progress. From forging robust bilateral partnerships to implementing visionary economic policies, […]
Over 90% retail trade undocumented and undertaxed By: Staff Report on May 3, 2024Expressing concern over the slow progress in documenting the retail trade due to stagnation of both the FBR-POS integration of tier-1 businesses and Tajir Dosd drive to register small traders, the retailers have said that this slow progress is primarily due to lack of sustained consultation with the private sector, inconsistent policies and increasingly complex […]
Up to Rs710,000 price dropped for Swift variants By: News Desk on May 3, 2024In what the company titled “limited time offer”, Pak Suzuki Motor Company announced a price decrease of up to Rs710,000 for its Swift variants. “Keeping in view the prevailing market conditions and dynamics, we are pleased to announce the promotional retail sales prices of Suzuki Swift w.e.f. May 01, 2024,” read the notice. With the […]
Exports up by 9.10 % to $25 bln in 10 months By: APP on May 3, 2024The exports from the country witnessed an increase of 9.10 percent during the first ten months of the current fiscal year (2023-24) as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported Thursday. The exports during July-April (2023-24) were recorded at $25.280 billion against the exports of $23.171 billion, […]
Investors scour the globe for shelter as Wall Street shakes By: Reuters on May 2, 2024Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in U.S. stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised. April was a washout on Wall Street, with the S&P 500 share index and U.S. Treasuries posting their […]
Fed to hold rates steady as inflation dims hopes for policy easing By: Reuters on May 2, 2024U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a new statement and comments from Federal Reserve Chair Jerome Powell that could give a clearer sense of how recent disappointing inflation readings have changed the expectation for interest rate cuts this year. The Fed is almost certain to hold its […]