Pak-Saudi ties to touch new heights of bilateral cooperation: PM

ISLAMABAD:Prime Minister Shehbaz Sharif on Thursday said he looked forward to his meeting with the leadership of Saudi Arabia in a bid to review the multifaceted bilateral cooperation and taking the special relationship to new heights. In a special video message prior to leaving for Saudi Arabia on a three-day visit, he expressed pleasure that […]

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Gold prices unchanged at local market, decline by $7 in int’l trading

ISLAMABAD:The price of 24 karat per tola gold remained unchanged at Rs 132,000 on Thursday in the local market. The price of 10 gram 24 karat gold and 22 karat gold also witnessed no change in prices and was sold at Rs 113,169 and Rs 103, 738 respectively, All Sindh Sarafa Jewellers Association reported. The […]

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PSX loses 283 points to close at 45,249 points

ISLAMABAD:The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 283.89 points, with negative change of 0.62 percent, closing at 45,249.41 points against 45,533.30 points on the last working day. A total of 325,466,550 shares, valuing Rs 9.290 billion, were traded during the day compared to the trade of 223,822,755 […]

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BISP Kafaalat to increase its outreach up to 8m families till June; Shazia Marri

ISLAMABAD:Federal Minister for Poverty Alleviation and Social Safety, Shazia Marri Thursday announced that the Benazir Income Support Program (BISP) Kafaalat would expand its outreach to eight million families till the month of June and then 10 million afterward. “Unfortunately the increased ratio of poverty, inflation and unemployment in the country has led to economic instability […]

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OGDCL posts Rs112.044 bln profit in third quarter of FY 2021-22

ISLAMABAD:Oil and Gas Development Company Limited (OGDCL) on Thursday announced the financial results for the third quarter of the current fiscal year ended on March 31, 2022, posting a profit of Rs 112.044 billion. “Net sales revenue clocked at Rs 240.267 billion translating to profit after tax of Rs 112.044 billion and earnings per share […]

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SECP Regulatory Sandbox fuels regulatory reforms in financial services

ISLAMABAD:The Securities and Exchange Commission of Pakistan (SECP) has published a position paper that shared experiences and learnings from its Regulatory Sandbox project for the benefit of potential participants of the third cohort of Sandbox. The paper also encapsulates the journey of the first cohort participants and details of their testing methodology, performance and learning […]

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Chairman HEC expresses solidarity with Karachi University

ISLAMABAD:Chairman, Higher Education Commission(HEC) has expressed solidarity with the students and staff of the University of Karachi over the terrorist incident at the University’s Confucius Institute. Condoling the loss of valuable lives in the blast that killed four people including Chinese faculty members, in a statement on Thursday, Chairman HEC Tariq Banuri conveyed his profound […]

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