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IT

IT & ITeS export remittances rise to $1.119bn: PSEB

IT-related export remittances have risen up to $1.119 billion during the July to January period of financial year 2020-21, according to the Pakistan Software Export Board (PSEB).

Published 24 Feb, 2021 03:25pm

Pakistan

PITB, [email protected] sign MoU

LAHORE: In order to promote collaboration between public-private sectors and explore avenues of potential growth for...

Updated 18 Feb, 2021 09:32am

Business & Finance

Automobile, fisheries and IT: Japan, Sindh govt agree to work together

KARACHI: Sindh Chief Minister and Japanese ambassador in Pakistan Kuninori Matsuda agreed to work together for the...

Updated 16 Feb, 2021 09:32am

Pakistan

G-B to be brought at par with rest of developed areas: Alvi

ISLAMABAD: President Dr Arif Alvi, on Thursday, said efforts were afoot to mainstream Gilgit-Baltistan (G-B) in...

Updated 12 Feb, 2021 09:34am

Markets

European shares rise

MILAN/FRANKFURT: European shares rose on Tuesday as investors were hopeful of a faster economic recovery, while...

Published 03 Feb, 2021 04:35am

Business

FBR grants highest score to AJCL (Pvt) Ltd

ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) has granted the highest score to AJCL (Pvt)...

Published 02 Feb, 2021 04:29am

Technology

Bangash urges youth to avail opportunities in IT Sector

“KPITB through Durshal project is providing equal opportunities for boys and girls young startups. Present your ideas for economic growth and employment opportunities by getting training from Durshal & then think of creating jobs instead of looking for jobs,” he said.

Published 30 Jan, 2021 03:02pm

Technology

ICT Exports rise by 40 pc: MoITT

Information and Communication Technology exports in Pakistan rose by 40 percent to US$ 958 million during July-December of FY 2020-21.

Published 27 Jan, 2021 06:17pm

Pakistan

Senate informed: Country will achieve $10bn IT exports target in 10 years

ISLAMABAD: Pakistan’s information technology (IT) exports could increase to $ 10 billion in the next 10 years and...

Published 27 Jan, 2021 04:59am

Technology

India's TCS becomes Most Valued IT Company in the World

India's Tata Consultancy Services (TCS) overtakes Accenture to become the most valued IT services company in the world today.
TCS's market capitalization rose to US$ 169.9 billion ahead of its rival Accenture.

Published 25 Jan, 2021 07:51pm

IT Services, IT-enabled Services: No new tax imposed, FBR clarifies

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that no new tax has been imposed on the IT Services and...

Published 24 Jan, 2021 03:32am

Business & Finance

FY 2020-21: IT, ITeS export remittances surge to $958m in 1H

ISLAMABAD: The Information Telecommunication (IT) and IT-enabled Services (ITeS) export remittances comprising...

Published 22 Jan, 2021 04:47am

Business & Finance

ICT jurisdiction: Scope of ‘IT & IT-enabled services’ expanded for 16pc tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of “IT services” and “IT-enabled...

Published 22 Jan, 2021 04:47am

Pakistan

SBP launches complaint resolution portal to promote affordable housing

The potential customers can already access existing systems and procedures of banks for resolution of their complaints.

Published 21 Jan, 2021 11:06pm

Technology

Pakistan approves Right of Way Policy

Haque said that Right of Way Policy will pave way for laying of telecommunication network and digitalization.

Published 21 Jan, 2021 10:54am

Pakistan

Un-served and underserved areas: USF to lay around 4,000km fibre-optic cable by end of fiscal year

ISLAMABAD: The Universal Service Fund (USF) will lay around 4,000 km-long optical fibre cable by end of the current...

Published 20 Jan, 2021 04:29am

Business & Finance

IT services have export potential of $10bn: OICCI

KARACHI: The “OICCI Recommendations for Digital Economy” report was launched on Monday highlighting the...

Updated 19 Jan, 2021 04:46am

Business

NPPMCL granted IT exemption after privatisation

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to grant income tax exemption to the National Power Parks...

Published 19 Jan, 2021 04:22am

Pakistan

Pakistan’s IT exports surge 39pc amid improved global image, sector maturity: Report

Pakistan’s IT and IT-related services exports posted an increase of 51 percent, amounting $168 million, in the month of November 2020 alone.

Published 31 Dec, 2020 09:48pm

Business & Finance

Chinese cos keen in Pakistan’s IT sector, says Bajwa

Federal Minister for IT Syed Amin Ul Haque said that Ministry of IT and Telecommunication will fully cooperate with CPEC Authority on all relevant CPEC projects.

Published 31 Dec, 2020 11:19am

Technology

Eyeing $5bn exports target, efforts underway to ensure Pakistan’s IT holistic growth

This is the highest growth rate for the FY 2020-21 (July-November), achieved by Pakistan’s IT sector since 2018 when the growth rate for the corresponding period was just 13%.

Published 26 Dec, 2020 02:28pm

Business & Finance

Despite COVID-19, Pakistan’s IT exports post impressive growth of 39pc

The country’s IT exports stood at USD763 million as compared to USD549 million in the corresponding period last year

Published 23 Dec, 2020 04:14pm

Gainers
Losers
Leaders

Stock	Price
Samin Textile / Jul 4 Samin Textiles Limited(SMTM)	7.45 ▲ 0.91 (13.91%)
Elite Cap.Mod / Jul 4 First Elite Capital Modaraba(FECM)	3.35 ▲ 0.35 (11.67%)
HBL Growth Fund / Jul 4 HBL Growth Fund(HGFA)	5.70 ▲ 0.54 (10.47%)
Safe Mix Con.Lt / Jul 4 Safe Mix Concrete Limited(SMCPL)	7.18 ▲ 0.67 (10.29%)
Dawood Equities / Jul 4 Dawood Equities Limited(DEL)	7.50 ▲ 0.54 (7.76%)
AKD Hospitality / Jul 4 AKD Hospitality Limited(AKDHL)	164.69 ▲ 11.49 (7.50%)
AL-Noor Sugar / Jul 4 Al-Noor Sugar Mills Limited(ALNRS)	51.76 ▲ 3.61 (7.50%)
K.S.B.Pumps / Jul 4 KSB Pumps Company Limited(KSBP)	152.80 ▲ 10.66 (7.50%)
Sanofi-Aventis / Jul 4 Sanofi-Aventis Pakistan Limited(SAPL)	1234.61 ▲ 86.13 (7.50%)
Artistic Denim / Jul 4 Artistic Denim Mills Limited(ADMM)	61.27 ▲ 4.27 (7.49%)

Stock	Price
Dewan Sugar / Jul 4 Dewan Sugar Mills Limited(DWSM)	2.28 ▲ -0.71 (-23.75%)
First IBL Mod. / Jul 4 First IBL Modaraba(FIBLM)	4.10 ▲ -0.75 (-15.46%)
First Tri-Star Mod. / Jul 4 First Tri-Star Modaraba(FTSM)	7.00 ▲ -1.00 (-12.50%)
Popular Islamic / Jul 4 Popular Islamic Modaraba(PIM)	7.37 ▲ -0.99 (-11.84%)
Tri-Star Power / Jul 4 Tri-Star Power Limited(TSPL)	3.35 ▲ -0.44 (-11.61%)
Premier Insurance / Jul 4 Premier Insurance Limited(PINL)	3.84 ▲ -0.50 (-11.52%)
Unicap Modaraba / Jul 4 Unicap Modaraba(UCAPM)	1.59 ▲ -0.20 (-11.17%)
Pak Gen.Ins. / Jul 4 The Pakistan General Insurance Co. Ltd.(PKGI)	10.60 ▲ -0.89 (-7.75%)
Crescent Cotton / Jul 4 Crescent Cotton Mills Limited(CCM)	42.24 ▲ -3.42 (-7.49%)
BIPL Securities / Jul 4 BIPL Securities Limited(BIPLS)	35.76 ▲ -2.84 (-7.36%)

Stock	Volume
Sui North Gas / Jul 4 Sui Northern Gas Pipelines Limited(SNGP)	12,423,075 ▼ 0.00
Agritech Limited / Jul 4 Agritech Limited(AGL)	8,018,000 ▼ 0.00
Pak Refinery / Jul 4 Pakistan Refinery Limited(PRL)	4,293,808 ▼ 0.00
Maple Leaf / Jul 4 Maple Leaf Cement Factory Limited(MLCF)	3,269,271 ▼ 0.00
WorldCall Telecom / Jul 4 Worldcall Telecom Limited(WTL)	2,995,500 ▼ 0.00
K-Electric Ltd. / Jul 4 K-Electric Limited(KEL)	2,381,500 ▼ 0.00
Ghani Glo Hol / Jul 4 Ghani Global Holdings Limited(GGL)	2,034,017 ▼ 0.00
Cnergyico PK / Jul 4 Cnergyico PK Limited(CNERGY)	2,016,842 ▼ 0.00
D.G.K.Cement / Jul 4 D.G. Khan Cement Company Limited(DGKC)	1,952,686 ▼ 0.00
Telecard Limited / Jul 4 Telecard Limited(TELE)	1,681,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

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