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ISLAMABAD: Pakistan Petroleum Limited (PPL) has once again secured its position as one of Pakistan’s largest corporate donors. The Pakistan Centre for Philanthropy (PCP) recognized PPL for its Corporate Social Responsibility (CSR) contributions in 2022. This marks the 19th consecutive year the company has received this honor. PPL’s CSR contributions for the financial year 2023-24 …
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The Pakistan Stock Exchange (PSX) experienced a significant rise in investors registrations in October 2024. According to data from the National Clearing Company of Pakistan Limited (NCCPL), 10,001 new accounts were registered during the month. This marked a 17% month-on-month increase. Active Accounts Reach 345,290 The surge in registrations has pushed the total number of …
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Oil prices increased on Thursday, fueled by supply concerns linked to heightened geopolitical tensions. The ongoing Russia-Ukraine war and developments in the global energy market have played a significant role in this upward trend. Brent crude futures for January delivery rose by 28 cents, or 0.4%, to settle at $73.09 per barrel. Similarly, U.S. West …
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The Federal Investigation Agency (FIA) Cooperative Crime Circle arrested a Karachi-based trader accused of defrauding a Chinese company. He sent containers filled with soil and gravel instead of chrome ore. The fraudulent shipment was valued at Rs. 110 million. FIA officials confirmed that a case was registered against Syed Zeeshan Afzal Bilgrami, the owner of …
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The State Bank of Pakistan (SBP) has issued a license to M/s. E-Processing Systems Private Limited (EPSPL) to commence commercial operations as an Electronic Money Institution (EMI). With this license, EPSPL will offer e-money wallets to consumers, merchants, and agents, facilitating digital payment solutions. This new addition brings the total number of licensed EMIs in …
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Gold prices are continuing their upward trend in both international and local markets. In the international bullion market, the price of gold per ounce increased by $8, reaching $2,631. Meanwhile, the local gold market also witnessed a sharp rise. The price of gold per tola surged by 800 rupees, hitting 274,300 rupees. Similarly, the price …
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The Pakistani rupee weakened marginally against the US dollar on Tuesday. The currency depreciated by 0.03% in the inter-bank market, closing at 277.95, a loss of Re0.09 from Monday’s value of 277.86, according to the State Bank of Pakistan (SBP). Globally, the Japanese yen showed signs of recovery, strengthening to 154.40 per dollar after briefly …
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Gold prices in Pakistan saw a significant rise on Tuesday, following an upward trend in global markets. The price of gold per tola increased by Rs3,600, reaching Rs273,500, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold rose by Rs3,086, settling at Rs234,482. This increase comes on the …
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Pakistan has signed a $500 million loan agreement with the Asian Development Bank (ADB) to strengthen its climate resilience and disaster response capacity. This initiative, under the Climate and Disaster Resilience Enhancement Programme, aims to improve Pakistan’s ability to plan, prepare, and respond to the growing challenges posed by climate change and natural disasters. Enhancing …
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The Korangi Association of Trade and Industry (KATI) has mourned the loss of Ilyas Ahmed Bilour, a former senator, ex-President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and an influential industrialist. Known for his dedication to Pakistan’s business community, Bilour’s passing is a significant loss to the country’s trade and industry …
