News

Port Qasim ranked ninth best port globally: chairman PQA

Port Qasim has achieved a major milestone by being ranked as the ninth best port among 400 ports worldwide, said Rear Admiral Syed Muazzam Ilyas (Retd), Chairman of Port Qasim Authority (PQA). He was speaking at the 15th Annual Maritime Port and Shipping, Logistics and Supply Chain Management Conference in Karachi. The chairman informed that Port Qasim is being positioned to become Pakistan’

Pak-Qatar Group enters strategic MoU with SWICH

Pak-Qatar Group (PQG) announced the signing of a Memorandum of Understanding (MoU) with fintech provider SWICH, designating them as PQG’s official online payment gateway solution. This major initiative is part of PQG’s broader digital transformation strategy, designed to embed a unified, secure and scalable payments infrastructure right across its banking, takaful, investment and financial-serv

Leather & Footwear Sector: SMEDA, HCSTSI hold session on sales, marketing strategies

A one-day training and awareness session on “Sales & Marketing Strategies (Leather & Footwear Sector)” was jointly organised by the Small and Medium Enterprises Development Authority (SMEDA) and the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) at the Chamber Secretariat. The session drew participation from dozens of industrialists, traders, and young entrepreneurs belonging to Hyde

Gold slips as Fed rate caution boosts dollar, set for 3rd monthly rise

Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for its third straight monthly gain. Spot gold was down 0.5% at $4,004 per ounce, as of 0240 GMT. Bullion has gained 3.9% so far this month. U.S. gold futures for December delivery were steady at $4,016.70 per ounce. “The Fed Chairman did have his haw

UBG slams decision to maintain policy rate

President of the United Business Group (UBG), Zubair Tufail, has criticised the State Bank of Pakistan’s decision to maintain the policy interest rate at 11 percent, terming it a major obstacle to the growth of domestic industry. He said the business community has been consistently urging the central bank to bring the interest rate down to a single digit, but the demand has been ignored. “The r