The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Tuesday. At 10am, the currency was hovering at 280.56, a gain of Re0.25 against the greenback. On Monday, the local unit closed at 280.81. Globally, the safe-haven yen hit its lowest since February on Tuesday while riskier currencies were firm against
Pakistan has set an ambitious target of achieving $200 million in meat exports to Malaysia, as Commerce Minister Jam Kamal Khan directed authorities to fast-track efforts to strengthen the country’s meat export sector. Jam gave the directives while chairing the 3rd Meeting of the Committee on Pakistan-Malaysia Cooperation on meat export from Pakistan, emphasising the need to strengthen Pakistan
Pace (Pakistan) Limited (PACE) has announced that its Board of Directors has approved plans to purchase a plot in Dubai, UAE, for the development of a commercial project, marking the company’s expansion into the international real estate market. The listed company, a part of First Capital Group, which owns and operates a diversified business portfolio, shared the development via a notice to the
The Gambat South Gas Processing Facility (GPF-II) in Sanghar, Sindh, has increased its gas processing capacity from 55 MMscfd to 60 MMscfd through process optimisation, generating an additional 5 MMscfd of gas, 35 barrels of condensate, and one ton of liquified petroleum gas (LPG). The development was disclosed by Pakistan Petroleum Limited (PPL), the operator of the Gambat South Block, in a no
Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs435,762 after a gain of Rs5,900 during the day. Similarly, 10-gram gold was sold at Rs373,595 after it registered an increase of Rs5,065, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gol