foodpanda, Pakistan’s leading online delivery platform, today announced the release of its comprehensive ‘Economic Impact Assessment of foodpanda in Pakistan’ study, independently conducted by the Lahore University of Management Sciences (LUMS). The first-of-its-kind study unveils the significant economic contributions of foodpanda to Pakistan’s economy. The study, spearheaded by an accomplished team at LUMS, utilised primary…
Gold prices in Pakistan rose again on Wednesday, August 6, 2025, with 24-karat gold per tola reaching Rs359,300 — an increase of Rs1,500. The price for 10 grams of 24-karat gold also climbed by Rs1,114, closing at Rs308,041, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 10 grams of 22-karat…
The Pakistan Stock Exchange (PSX) saw a historic surge on Wednesday, with the benchmark KSE-100 Index crossing the 145,000-point threshold for the first time. By market close, the index had climbed 2,076 points or 1.45%, ending the day at 145,113.59. The rally was driven by widespread buying across key sectors, including banking, oil and gas,…
A meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) was held today at the Finance Division under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, who participated in the proceedings remotely. The meeting was attended by Federal Minister for Housing and Works Mian Riaz Hussain Pirzada, Federal Minister for Commerce…
The Board of Directors of Telenor Pakistan has appointed Fridtjof Rusten as Chief Executive Officer (CEO) of the company. He will succeed Khurrum Ashfaque, who will take on a new leadership role within Telenor Group. Fridtjof will take over the helm at Telenor Pakistan on 1 September 2025. Fridtjof has over 23 years of working…
Fauji Fertilizer (FFC) has said that due diligence is underway to acquire PIA. The company conducted its Corporate Briefing Session on Wednesday where management discussed financial performance and future outlook. Regarding the acquisition of PIA, management highlighted that it is currently under the due diligence process, so it is premature to confirm whether they will…
The Economic Coordination Committee (ECC) has approved a Rs9 billion subsidy aimed at promoting electric bikes and rickshaws in Pakistan, according to a statement from the Finance Division. The decision was made during a meeting chaired virtually by Finance Minister Muhammad Aurangzeb on Tuesday. The proposal, submitted by the Ministry of Industries and Production, was…
Prime Minister Shehbaz Sharif has called for urgent reforms in Zarai Taraqiati Bank Limited (ZTBL), stressing the need to provide easy and low-interest loans to small and medium-scale farmers. Chairing a high-level review meeting on agriculture financing and institutional reforms, the prime minister said that boosting agricultural productivity is not possible without supporting small-scale farmers,…
Gold prices in Pakistan fell sharply on Tuesday, ending a two-day upward trend in both domestic and international markets. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold dropped by Rs1,500 per tola, bringing the rate down to Rs358,000. The price for 10 grams also fell by Rs1,286, settling…
The Pakistan Stock Exchange (PSX) reached a new milestone on Tuesday as the benchmark KSE-100 Index closed at a historic high of 143,037 points. The rally reflects growing investor confidence in the country’s economic outlook. During intraday trading, the KSE-100 Index rose by over 1,200 points, touching a peak of 143,281 before settling slightly lower…
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