Islamabad — A high-level meeting on the formulation of a Lithium-Ion Battery Policy was held under the chairmanship of the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Mr. Haroon Akhtar Khan. The meeting was co-chaired by Minister of State for Finance and Railways, Mr. Bilal Azhar Kiyani. Secretary Industries Mr. Saif…
Gold Prices in Pakistan on Wednesday increased by Rs 2700 per tola in line with fluctuation in global maket prices. After increase, the gold rate increased to Rs 453,562 per tola. The price of silver also increased by Rs 290 per tola to Rs 6822. Gold Prices Fall, Silver Prices Remain Steady Gold Rate in…
The power division has been struggling to tighten policy to discourage a use of solar net metering. But prime minister Shahbaz Sharif had blocked a move to avoid the political backlash. Now the ball is in court of National Electric Power Regulatory Authority (Nepra) which is on driving seat now to tighten rules aimed at…
Silver surged past the $65 mark for the first time on Wednesday whereas gold prices edged higher. This follows weaker US labour data revived expectations of interest-rate cuts and weighed on the dollar. Silver jumped 2.8% to a record $65.63 an ounce. The extending a rally has made precious metals one of the strongest-performing asset…
Pakistan is heading to auction 5G amid fears of low response from telecom companies. The telecom companies have been resisting over higher taxes and spectrum fee in dollars. During the last spectrum auction, three other telecom operators like Jazz, Telenor and Zong had boycotted the auction and did not participate. Ufone was the only company…
The Pakistani rupee on Wednesday appreciated 0.01% against US dollar in the inter-bank market. It closed at 280.27, registering a gain of Rs0.03 against the US dollar, according to the State Bank of Pakistan (SBP). The Pakistani rupee on Wednesday continued to gain against US dollar in early trading hours and appreciated 0.06% in the…
The KSE-100 Index closed the session at 170,313 points, retreating 133 points as the market displayed pronounced volatility amid a backdrop of mixed investor sentiment. During the day, the index swung between an intraday peak of 171,392 and a trough of 169,230, largely on profit-taking pressures. Strength in UBL, NBP, HBL, AKBL, and PIOC underpinned…
ISLAMABAD: The Competition Appellate Tribunal (CAT) has rejected the appeal filed by M/s Kingdom Valley Pvt. Ltd. seeking a stay against recovery proceedings initiated by the Competition Commission of Pakistan (CCP), allowing the Commission to proceed with enforcement of its penalty. Read More: CCP Signs MoU with Russian Antitrust Authority Following Commission’s decision, the CCP…
Pakistan is preparing to launch BEEP APP aimed at secured messaging platform, for public sector employees nationwide. The government plants to launch the platform in phases. It will start with federal ministries and attached departments. The rollout is expected within next two months. Read More: NA Panel Concerned Over Slow Internet According to official briefings,…
Islamabad — Special Assistant to the Prime Minister (SAPM) on Industries and Production, Mr. Haroon Akhtar Khan, chaired a high-level meeting to review and finalize the National Gemstones Policy, aimed at unlocking the vast untapped potential of Pakistan’s gemstones sector. During the meeting, specialized working groups on Import–Export, Banking and Finance, and Return & Refund…