Business
China auto market hits milestone
Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has leapt ahead of Western counterparts in EV adoption. Sales of so-called new energy vehicles (NEVs) jumped 37% last month from the…
Turkey, Pakistan to promote investment, business activities
Islamabad, August 08, 2024: Turkey and Pakistan have agreed to boost up business activities and investment in various fields by enhancing mutual trade and promote economic activities. It was decided in a Round Table Business Conference co chaired by Trade Minister of Turkey Prof. Dr. Omer Bolat and Federal Minister for Board of Investment, Privatization…
Gold prices continue to decline in Pakistan
Gold prices in Pakistan continued their downward trend, reflecting the movement in the international market, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Locally, the price of gold dropped by Rs500 per tola, now standing at Rs255,500. The price for 10 grams of gold decreased by Rs429, bringing it to Rs219,050. Globally, gold…
Privatization of DISCOs announces
Karachi, August 02, 2024: The federal government has announced the privatization of 13 power distribution companies (DISCOs) as part of a phased plan unveiled by the Ministry of Energy. According to the notification, the Ministry of Energy has issued directives for the privatization of 12 organizations within the power sector. The privatization process will occur…
Pakistan’s exports increase by 11.83% in July 2024
Pakistan’s exports saw an increase of 11.83 percent in the first month of fiscal year 2024-25 compared to the same month last year, according to the Pakistan Bureau of Statistics (PBS) report released on Friday. Exports in July 2024 were recorded at $2.308 billion, up from $2.064 billion in July 2023, as per the latest…