Industry
LCCI, UBL sign MoU to promote digital payments
LAHORE, Jan 09 (APP):Lahore Chamber of Commerce and Industry (LCCI) and United Bank Limited (UBL) Friday signed a Memorandum of Understanding (MoU) to promote digital payments and ensure safe, fast and efficient financial transactions for LCCI members. The MoU was signed by LCCI President Faheem Ur Rehman Saigol and UBL Cluster Head Digital Banking Group […]
SMEDA to organise 3-day 1st National SME Cluster Expo from 24th
LAHORE, Jan 09 (APP):The Small and Medium Enterprises Development Authority (SMEDA) is going to hold the first ‘Made in Pakistan: SME Cluster Showcase 2026’ here at Expo Center from January 24 to 26. SMEDA CEO Ms. Nadia Jahangir Seth told media here Friday that the exhibition aims to strengthen the country’s micro, small and medium […]
PSX sheds 1,133 points to close at 184,410 points
ISLAMABAD, Jan 9 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Friday closed bearish, losing 1,133.34 points, a negative change of 0.61 percent, to settle at 184,409.67 points compared to 185,543.01 points on the previous trading day, according to PSX data.During the session, the ready market witnessed a trading volume of […]
FCCP adjourns hearing of super tax case for Jan 12
ISLAMABAD, Jan 09 (APP):The Federal Constitutional Court of Pakistan on Friday adjourned the hearing of a set of petitions related to the super tax after the counsel for the taxpayer companies concluded his arguments. The case will now be taken up again on Monday, January 12. During the proceedings, a key point that emerged was […]
Rupee gains 03 paisa against US Dollar
ISLAMABAD, Jan 9 (APP):The Rupee on Friday appreciated by 03 paisa against the US Dollar in interbank trading and closed at Rs 280.02 compared to the previous day’s closing at Rs 280.05. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at […]
Pakistan’s Islamic finance sector gains momentum, CDNS nears annual target midway through FY 2025-26
ISLAMABAD, Jan 9 (APP):The Central Directorate of National Savings (CDNS) has recorded a significant milestone in promoting Shariah-compliant investments, achieving Rs 23.4 billion in Islamic finance inflows from July 1, 2025, to January 8, 2026. This figure brings the directorate close to its annual target of Rs 25 billion for the current fiscal year 2025-26, […]
Monetary market receives Rs 1.6 trillion from SBP to maintain liquidity
KARACHI, Jan 09 (APP):The State Bank of Pakistan (SBP), on Friday, injected Rs 1,590.1 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) to maintain liquidity in the market. The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 7 and 14-day tenors on January 09, 2026, […]
FPC directed to prepare comprehensive master plan within two weeks: commissioner
FAISALABAD, Jan 09 (APP):Divisional Commissioner Raja Jahangir Anwar had directed the Faisalabad Parking Company (FPC) to prepare a comprehensive master plan within two weeks to organise and modernise parking system of the city in line with the directives of Punjab Chief Minister Maryam Nawaz. Presiding over a meeting here on Friday, he categorically declared that […]
Gilgit Development Authority delegation visits FDA
FAISALABAD, Jan 09 (APP):A three-member team of officers from Gilgit Development Authority (GDA) visited FDA Complex and attended a briefing session. GDA Director General Izharullah led the delegation which comprised of Chief Engineer Arif Hussain and Assistant Director Coordination Muhammad Mustafa. Director General (DG) Faisalabad Development Authority (FDA) Muhammad Asif Chaudhry welcomed the visiting team […]
Workers’ remittances inflow increase by 10.6% to $19.7 bln during 1st half FY26
ISLAMABAD, Jan 9 (APP):The overseas workers’ remittances witnessed an increase of 10.6 per cent during the first half of the current fiscal year 2025-26, the State Bank of Pakistan (SBP) said on Friday. The inflow of $ 19.7 billion was recorded during July-December 2025-26 as compared to the inflow of $17.8 billion during July-December 2024-25, […]