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1 month ago | 
dailytimes.com.pk | Sajid Salamat
Pakistan is in the process of “restructuring and reorganising” its debt management process in line with global standards, said Finance Minister Muhammad Aurangzeb on Friday. “In this regard, you will be hearing about various innovative funding products for domestic and as well as for international investors,” in the coming days, Aurangzeb said while addressing the […]
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
Gold prices in Pakistan increased on Wednesday in line with their rise in international rates. In the local market, the price of gold per tola gained Rs2,900, clocking in at Rs280,800. Similarly, 10-gram gold was sold at Rs240,741 after it registered an increase of Rs2,487, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola decreased Rs1,400 to settle at Rs277,900. The international rate of gold increased on Wednesday.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
Recent data released by the Pakistan Automobile Manufacturing Association (PAMA) showed that the sale of cars during the first six months of the current financial year 2024-25 increased by 51.32 percent compared to the same months last year. According to the data, 46,398 cars were sold during the months under review, compared to 30,662 units in the same months last year.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
The Pakistani rupee recorded a marginal decline against the US dollar, depreciating 0.02% in the inter-bank market on Wednesday. At close, the currency settled at 278.77 after a loss of Re0.05 against the greenback. The rupee closed at 278.72 on Tuesday, according to the State Bank of Pakistan (SBP).
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said that Pakistan was eager to tap the Yuan bond market and would encourage corporate stock listings in Hong Kong to bolster and broaden its ties with China. In an interview with Nikkei Asia, Minister Aurangzeb said that an initial issuance of a panda bond should take place by the end of this year.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, commenced production of oil and gas from its Kharo-1 well located in Khairpur district, Sindh. The E&P shared this development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We are pleased to announce that Kharo-1 well has been successfully brought into production,” said OGDCL in its notice.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
Members executive committee of Sarhad Chamber of Commerce and Industry (SCCI) have urged the Khyber Pakhtunkhwa government to materialize commitments regarding reduction in infrastructure development cess at 1 percent, ratio of property taxes and removal entry ban on goods-laden trucks to Industrial Estate Hayatabad Peshawar. The EC members also demanded concrete steps to resolve trading community issues regarding electricity, gas departments and district administration.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
The Pakistan Stock Exchange (PSX) witnessed selling pressure on Wednesday as its benchmark KSE-100 Index closed lower by 308 points after three consecutive positive sessions. The KSE-100 started Wednesday’s session positive, hitting an intra-day high of 115,773.39. However, selling pressure in the latter hours pushed the index into the negative territory. At close, the benchmark index settled at 114,495.71, down by 308.46 points or 0.27%.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
Federal Minister for Law and Justice, Azam Nazeer Tarar on Wednesday said that the present government was undertaking rightsizing to reduce expenditures and strengthen the country’s economy. Responding to a question answer session of Senator Aon Abbas in Senate, the minister said that practical measures were being taken to ensure of rightsizing of the different ministries’ in a larger national interest.
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Jan 16, 2025 | 
dailytimes.com.pk | Sajid Salamat
The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper on the ‘Cost Audit Regime in Pakistan’ aimed at assessing the effectiveness of the Companies (Maintenance and Audit of Cost Accounts) Regulations, 2020, and exploring potential improvements in light of prevailing practices and industry needs.
