PSX witnesses bearish trend, loses 660 points

ISLAMABAD:The Karachi Stock Exchange 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 660.46 points, with a negative change of 1.53  percent, closing at 42,440.25 points against 43,100.71 points on the last working day. A total of 118,986,341 shares were traded during the day compared to the trade of 189,926,559 shares […]

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Chinese company to invest $ 50 million in Gwadar, Karachi

ISLAMABAD:Optima Integration Group of China on Monday joined hands with Asia Pak Investments of Pakistan to invest $50 million in the first phase to develop agriculture power and logistics sectors in Gwadar and Karachi. The Board of Investment (BoI) facilitated the signing of a memorandum of understanding (MoU) between the two companies in this regard, […]

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SC to hear Agha Siraj Durrani’s bail plea on Tuesday

ISLAMABAD:The Supreme Court would take up bail petition of Speaker Sindh Assembly Agha Siraj Durrani in assets beyond means case on Tuesday (Today). Siraj Durrani had surrendered before the National Accountability Bureau (NAB) on December 3, 2021. A three-member SC bench comprising Chief Justice Umar Ata Bandial, Justice Mansoor Ali Shah and Justice Ayesha A […]

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ZoodPay expands to Pakistan with landmark acquisition of Tez Financial Services

ISLAMABAD:ZoodPay, the leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully acquiring Karachi headquartered Tez Financial Services. Backed by leading investors including Planet N, Flourish Ventures (Omidyar Network) and Accion, Tez became the first fintech in Pakistan to be granted a Non-Bank Financial Company (NBFC) license […]

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18th Amendment revisit be discouraged; capacity building of provincial governments necessary: Sartaj

ISLAMABAD:Former National Security Advisor and public intellectual Sartaj Aziz  Monday said that the call for revisiting 18th Amendment should be discouraged rather capacity of the provincial governments needed to be enhanced to deal with the devolved subjects of Education and Health. Pakistan Institute of Legislative Development and Transparency (PILDAT) with the support of the Australian […]

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KP fiscal budget 2022-23 to be presented on June 1

PESHAWAR:The annual financial budget for the year 2022-23 would be presented before the Khyber Pakhtunkhwa assembly on June 1 and for that matter the provincial finance department has started publication of the budget documents, according to a letter issued by KP Finance department. The KP Finance Department has directed the concerned departments especially Industries department […]

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Delegation of NAEAC visits Sargodha University

SARGODHA:A delegation of the National Agriculture Education Accreditation Council (NAEAC) Islamabad on Monday visited the Sargodha University and met Vice Chancellor Prof Dr Muhammad Saleem Mazhar. The delegation was led by Chairperson NAEAC Prof Dr Ishtiaq Ahmed Rajwana. The visit was made to approve the programmes of different departments of the Agricultural College. On this […]

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