Day: April 23, 2024

US Department of State Spokesperson Mathew Miller has warned of potential sanctions against countries who do business with Iran, citing the risk of sanctions. He recently said this in response to a query regarding Pakistan’s latest trade agreements with Iran. While he didn’t specifically threaten Pakistan, Miller recalled that the

Pakistan’s first-ever Digital Development Index (DDI) measures digital development progress across Pakistan’s provinces and districts, placing the country in the ‘moderate’ digital development category with a cumulative DDI of 0.205, in the Pakistan National Human Development Report (NHDR) 2023/2024 ‘Doing Digital for Development: Access, Adopt, Anticipate, Accelerate’ launched here on

GlaxoSmithKline Pakistan Limited (PSX: GLAXO) has denied charges brought forth by the Drug Court Rawalpindi against some of its employees for supplying substandard drugs and has vowed to appeal the decision, the pharmaceutical company informed the main bourse on Tuesday. ‘We would like to inform you that the Drug Court

Pakistan’s imports from Iran stood at $95.6 million in March 2024, up 25 percent on a year-on-year basis compared to imports of $76.4 million registered in March 2023. According to sources, Pakistan’s imports from Iran stood at $86.1 million in February 2024, signaling a month-on-month increase of 11 percent in

The Pakistani rupee fell slightly against the US Dollar after opening trade at 278 in the interbank market. It was largely stable against the greenback but devalued against other major currencies today. The interbank rate stayed at 278.8 most of the day before closing at the same level. Open market

Fatima Fertilizer Company Limited (PSX: FATIMA) has increased urea prices by Rs. 551 per bag. Our channel checks have confirmed that FATIMA has increased urea prices by Rs. 551/bag despite any changes in current gas rates. The producer’s new rate stands at Rs. 4,400/bag effective from 23 April 2024. Earlier

The price of gold in Pakistan fell by almost Rs. 8,000 per tola on Tuesday as easing concerns of an escalation in the Middle East crisis saw international prices decline. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) decreased by Rs. 7,800 per

The World Bank has warned that Pakistan is highly vulnerable to the impacts of climate change, with extreme events frequently resulting in fiscal shocks for the economy. ‘An estimated population of 49 million is residing in areas at risk of 4-5 percent decline in quality of life by 2030. Climatic