Bullion Rates In Multan
BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT---- 59670.00 GOLD 22 CT------------- 54550.00 SILVER TEZABI------------ 720.00 SILVER THOBI------------- 658.00
Belarus Needs Polish, Ukrainian Confirmation To Resume Russian Oil Transit Via Druzhba
MINSK (UrduPoint News / Sputnik - 20th May, 2019) is ready to resume transit through the Druzhba pipeline but it needs to receive confirmation and to do it, the press secretary of Belarusian state Belneftekhim, Marina Kostyuchenko, told Sputnik on Monday.
Hong Kong Stocks Close Down 20 May 2019
Hong Kong, (UrduPoint / Pakistan Point News - 20th May, 2019 ) : suffered another sell-off Monday as concerns about the rumbling China-US trade war overshadowed a broad advance across most of . The benchmark Composite Index ended 0.41 percent, or 11.70 points, down at 2,870.60, while the Composite Index, which tracks on 's second ...
Dollar reaches Rs151 in open market
It may be noted that the rupee went into free fall following three days when PM?s adviser on Finance Abdul Hafeez Sheikh announced the finalization of a three-year bailout with the International Monetary Fund (IMF) for $6 billion. Few days earlier, taking the notice of the devaluation of rupee against the US dollar, Prime Minister Imran Khan ordered to ...
Business community demand aggressive crack down against dollar mafia
In a statement issued here, Founder Chairman Pak US Business Council Iftikhar Ali Malik said that the sharp downfall in the rupee value had not only disturbed almost all sectors of the economy but also brought a new wave of price spiral that would not die down despite the government?s all claims. He also appealed the government to direct ...
Govt to encourage private sector to boost exports: Secretary Commerce
ISLAMABAD, May 20 (APP):Secretary Commerce Sardar Ahmed Nawaz Sukhera Monday said the government was fully committed to catalyzing private sector to contribute towards strengthening the national economy and boosting the country?s exports. He expressed these views while talking to Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq who is also Chairman of Faisalabad Industrial Estate ...
Oil rises after OPEC+ says to keep output cuts, Iran tension rises
TOKYO (Reuters) - Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. ?Al-Falih and the UAE both put paid to suggestions of increasing production over the weekend and then President Trump essentially telling Iran to bring ...
Rs 578.8 Bln Released For Development Projects Under Public Sector Development Programme (PSDP)
ISLAMABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ) :The has so far released 86% or Rs 578.8 out of total allocation of Rs 675 under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new social sector uplift projects. Under PSDP 2018-19, the released Rs 26.270 for the ...
Textile Exports Fall 0.02 Pc To $11.129 Bln In 10 Months
ISLAMABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ) :The the country witnessed nominal decrease of 0.02 percent during the first ten months of the current fiscal year compared to the of the period of last year. The the country during July-April (2018-19) were recorded at $11129.192 compared ...
Rs 578.8 bln released for development projects under PSDP
ISLAMABAD, May 20 (APP):The federal government has so far released 86% or Rs 578.8 billion out of total allocation of Rs 675 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new social sector uplift projects. Under PSDP 2018-19, the government released Rs 26.270 billion for the various projects of Pakistan Atomic Energy Commission, whereas ...
Ryanair Says Annual Profits Plunged On Lower Ticket Prices
London, (UrduPoint / Pakistan Point News - 20th May, 2019 ) : no-frills airline Ryanair Monday reported annual net profits fell 29 percent due to a decline in ticket amid fierce competition in the .
Kazakhstan Ready To Discuss Possible Changes To OPEC-non-OPEC Oil Output Deal - Ministry
ALMATY (UrduPoint News / Sputnik - 20th May, 2019) is interested in further cooperation between member states of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers on regulating and is prepared to discuss possible adjustments to the to cut production, the country's Energy Ministry said on Monday.
ICCI strongly opposes any further hike in gas tariff
Ahmed Hassan Moughal President, Rafat Farid Senior Vice President and Iftikhar Anwar Sethi Vice President, Islamabad Chamber of Commerce & Industry said that OGRA has allowed 47 percent or Rs.237 per unit (million British thermal unit) increase in the prescribed price of Sui Northern Gas Pipelines Limited (SNGPL) taking it from Rs.501 to Rs.738.
Economic reforms to synchronize national trade, industry, exports
Faisalabad Secretary Ministry of Commerce (MoC) Sardar Ahmed Nawaz Sukhera has said that the new economic reforms are being hammered out in order to synchronize national trade, industry and exports with international standards with a focus on enhanced global market access for Pakistani exportable surplus. Addressing a seminar on China Pakistan Free Trade Agreement (CPFTA-ii) in Faisalabad Chamber of Commerce ...
Foreign exchange dealers should not play with economy to gain bucks: Anjum
The Chairman BMP said that rupee once again weakened to a record in an apparent devaluation, five days after the Government secured a bailout from the International Monetary Fund that investors speculate includes tough conditions to reform the economy. Mian Anjum Nisar said instead of structural reforms, cut the expenditures of the government, shut down the irrelevant Miniseries as ...
Cement export grows in 3 quarters despite challenges in Afghan, Indian markets
Salim Ahmed Lahore The export of cement from the country has registered a positive growth despite multiple challenges in India and Afghanistan markets, as the cement exports witnessed an increase of about 56 percent, in terms of quantity, to 5.18 million tons during first three quarters of FY19 against 3.34 million tons of the same period of FY18, leading to un ...
PIAF opposes OGRA move of 47pc hike in gas tariff
Salim Ahmed Lahore As the OGRA, after up to 143 percent hike in gas prices last year, has sought up to 47 percent further increase in the prices of gas for 2019-20, the Pakistan Industrial & Traders Associations Front has criticized the demand, terming it a deal with the IMF, saying the cost of doing business has already increased manifold, ...
Weekly review KSE-100 sheds 1550 points on rupee devaluation, MPS
However, investors took a sigh of relief mid-week owing to Pakistan?s emerging market status being retained, positive news regarding offshore drilling (final stages) and approval of amnesty scheme by the cabinet. The market shed 1,550 points (down by 4.5%) WoW, closing at 33,166 points. Negative sector-wise contributions came from Fertilizers (335 pts), Cements (237 pts), Commercial Banks (229 pts), ...
FBR chief vows long-term reforms in tax system
Staff Reporter Karachi Chairman of Federal Board of Revenue (FBR) Syed Shabbar Zaidi Saturday vowed long term reforms in tax system. Talking to industrialists and businessmen at Karachi Chamber of Commerce on Saturday, FBR said there was nothing ambiguous in tax amnesty scheme law and neither it will be amended in the finance bill. Selling smuggled items on shops is ...
Hyundai Motor's SUV Sales Top Those Of Sedans In Q1
SEOUL, (UrduPoint / Pakistan Point News - 20th May, 2019 ) : Motor Co.'s sales of SUVs again exceeded those of sedans in the first quarter of the year amid rising global popularity of the type, according to data on Monday. Hyundai Motor, 's automaker, posted 4.39 trillion won (US$3.67 ) in SUV turnover in the ...
