KARACHI: Secure Logistics Group (SLG) successfully attracted a price of Rs12 per share in the two-day Dutch bidding, raising Rs600 million by selling 50 million shares at the Pakistan Stock Exchange (PSX) in this week’s auction. The initial public offering (IPO) by the first-ever logistics company on the PSX was oversubscribed, with purchase orders for […]
KARACHI: IT business consultants and market gurus have noted a significant uptick in e-store businesses, attributing it to the growing trend of online shopping. They highlight that consumers are increasingly drawn to the convenience of purchasing products from the comfort of their homes, saving time and transportation costs, and avoiding the urban hustle and bustle. […]
ISLAMABAD: The federal government has decided to conditionally allow goods exporters to import raw material, machinery and equipment without paying duties and taxes under the Export Facilitation Scheme. Exporters will have to obtain approval from the collectorate for the import of raw material, machinery and equipment. They will be able to import machinery and equipment […]
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs2.7492 per unit in electricity tariffs on account of second quarterly adjustment for financial year 2023-24. The quarterly adjustment will have a total impact of Rs85.2 billion on consumers for the October-December period of FY24. The currently applicable two quarterly adjustments of […]
State Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, on Thursday said that the present government was diligently pursuing measures to attract foreign direct investment (FDI) and boost IT exports. During a discussion with a high-level delegation from the Pakistan Software Houses Association (P@SHA), led by its Chairman, Muhammad Zohaib Khan, Khawaja highlighted the […]
ISLAMABAD: The government has planned to set up a new dedicated Mines and Minerals Division as part of efforts to accelerate mining activities to give a big push to Pakistan’s economy. This is in line with the attempts made in the previous tenure of Pakistan Democratic Movement (PDM) government, which strived to establish the Mines […]
KARACHI: Pakistani currency on Thursday remained steady at over five-month high at Rs278.03 against the US dollar in the inter-bank market, maintaining its uptrend for the 11th successive working day amid a slight pickup in foreign exchange reserves at $8.02 billion. Besides, gold hit over six-and-a-half-month high at Rs231,000 per tola (11.66 grams) in line […]
KARACHI: In another record-breaking rally, the Pakistan Stock Exchange (PSX) on Thursday rose nearly 600 points and shot past the 67,000-point barrier to a new record high on the back of major positive developments. The key triggers were the classification of Pakistan as a secondary emerging market in the FTSE Global Equity Indices and the […]
LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) has emphasised that the cost of human resources accounts for only 4% of the total gas price, where 94% is the cost of gas and the remaining is the return on capital expenditure. According to an SNGPL spokesperson, one of the key reasons behind the increase in gas […]
KARACHI: Progressive growers and agriculture experts are advocating for promoting intercropping, one of the traditional farming systems, to boost the agro-ecosystem and ensure food security in Sindh, where there is a significant water shortage. Intercropping, cultivating two or more crops simultaneously in the same field, is a traditional farming system that has been in use […]
