KARACHI: The price of gold soared to a new historical high of Rs247,600 per tola (11.66 grams) in Pakistan, aligning with global trends. This surge occurred as the domestic currency remained relatively stable, hovering near a one-week low at Rs277.94 against the US dollar in the interbank market ahead of the Eid holidays. Gold has […]
KARACHI: Leading builders and exporters have urged that before hastily imposing the Axle Load Regime of the National Highway Safety Ordinance (NHSO) 2000 based on international rules, the government must prioritise building road infrastructure in compliance with international standards. They made these remarks during discussions with The Express Tribune, reiterating that if the government is […]
BEIJING: Pakistan’s sesamum seeds export to China crossed $10.10 million in the first two months of 2024, showing a growth of 68.11% year-on-year. Pakistan Embassy Investment and Trade Counsellor in Beijing Ghulam Qadir said that according to the General Administration of Customs of the People’s Republic of China (GACC), Pakistan exported 5,997.744 tons of sesamum […]
LONDON: HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business, which covers banking, asset management and insurance, to Argentina’s fifth largest bank Grupo Financiero Galicia […]
KARACHI: Pakistan Stock Exchange (PSX) on Tuesday achieved another milestone as it breached the 70,000 barrier and rose to a new record high in the backdrop of favourable data of remittances that soared 16.4% year-on-year (YoY) to $2.95 billion in March 2024. Initially, trading began at the intra-day low of 69,857.14 points but the KSE-100 […]
KARACHI: Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organisations, launched in Beijing a nationwide programme to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments. Working with local merchants, tourism sites and commercial districts, the programme […]
ISLAMABAD: The Ministry of Finance has raised objections to the cash credit limit sought by Pakistan Agricultural Storage and Services Corporation (Passco), which is higher than the cost of wheat to be procured from farmers. The Economic Coordination Committee (ECC) has recently approved a cash credit limit of Rs169 billion for Passco and has set […]
BEIJING/ KARACHI: NayaPay, Pakistan’s leading fintech platform, announced its integration with Alipay+, enabling NayaPay users to make payments at Alipay+’s extensive network of 80 million merchants in China. This milestone marks the first direct payment channel between China and Pakistan. In an effort to bolster the experience of international travellers in China, Ant Group, along […]
KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis hit a two-year high at $2.95 billion in March, taking the cumulative inflows to $21 billion in the first nine months of the current fiscal year 2024. The remittances have risen to this level as non-resident Pakistanis sent higher funds to their family members […]
KARACHI: The State Bank of Pakistan (SBP) has introduced a facilitation framework aimed at providing direct crediting of financial assistance to beneficiaries enrolled in the Benazir Income Support Programme (BISP) into their bank accounts. According to the SBP’s notification, the released framework is designed to facilitate the enrolment of BISP beneficiaries for receiving social welfare […]
