Business
FPCCI demands substantive cut in key policy rate
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has said that the policy rate cuts announced over the last two monetary policy meetings are too little, too late – as, the business, industry and trade community was expecting higher and substantive cuts in the key policy rate; instead of the meagre 150 bps cut in June…
Commerce Minister pledges tax relief for sports goods exporters
Islamabad, August 26, 2024: The Government is steadfast in its commitment to reducing the tax burden on exporters, the Minister for Commerce, Mr. Jam Kamal Khan, assured industry representatives during a key meeting with the Sectoral Council for Sports Goods. The virtual meeting, held at the Ministry of Commerce, focused on addressing the challenges faced…
Business community advised to focus on exporting widely demanded non-traditional items to Malawi
Karachi: Honorary Consul General of Republic of Malawi Abdullah Zaki has advised the business community of Karachi to diversify their exports to Malawi by focusing on widely demanded non-traditional items which would help in improving the existing meager trade volume between the two countries and make trade balance favorable for Pakistan. Exchanging views at a…
Pharmaceutical goods export increases 29.66% during July 2024
Islamabad, August 26, 2024: The export of Pharmaceutical goods witnessed an increase of 29.66 percent during the first month of the current financial year (2024-25), against the exports of the corresponding period of last year. The country exported pharmaceutical goods worth US $33.971 million during July 2024 against the exports of US $26.201 million during…
PSX loses 230 points
Islamabad, August 26, 2024: The 100-Index of the Pakistan Stock Exchange (PSX) shed 230.37 points on Monday, showing a negative change of 0.29 percent, closing at 78,571.06 points against 78,801.43 points on the last working day. A total of 512,337,206 shares were traded during the day as compared to 682,409,886 shares the previous day, whereas…