April 22, 2024

Pakistan, Iran Agree to Take Bilateral Trade Volume to $10 Billion

Pakistan and Iran have decided to increase the trade volume between the two countries to $10 billion, Iranian President Ebrahim Raisi said Monday.

Addressing a joint press conference alongside Prime Minister Shehbaz Sharif after the two held a meeti…

FBR Seizes Counterfeit Cigarettes Worth Rs. 96 Million

The Federal Board of Revenue (FBR) has seized 1,235 packerites of cigarettes having an approximate value of Rs. 96 million during a major enforcement operation across the country.

The IR Field Formations of FBR, during counter-evasion operations, co…

Pakistan Achieves Highest-Ever Monthly IT Exports In March 2024

IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by around 17.37 percent during the first eight months (July-March) of the current fiscal year 2023-24 and remained $2.283 billion com…

SECP Makes Changes to Financial Statement Requirements for Modaraba Firms

The Securities and Exchange Commission of Pakistan (SECP) has imposed some restrictions on the modaraba companies for the authentication of their statements of financial position.

In this regard, the SECP has directed modaraba companies to ensure th…

Gold Price in Pakistan Falls as Middle East Tensions Ease

The price of gold in Pakistan fell by Rs. 3,500 per tola on Monday as geopolitical tensions in the Middle East eased.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) decreased by Rs. 3,500 per tola to Rs. 24…

PSX Closes Above 71,400 For First Time in History

The Pakistan Stock Exchange (PSX) rallied to a new all-time high on Monday, surpassing its previous high of 70,909 seen on Friday last week.

After opening trade at 70,910 points, the benchmark KSE-100 index went up by 1.34 percent or 951 points at 2…