PSX turns bullish, gains 692 more points

ISLAMABAD, Apr 24 (APP): The 100-Index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 692.49 points, a positive change of 0.97 percent, closing at 72,051.89 points against 71,359.41 points the previous trading day. A total of 599,401,643 shares valuing Rs.24.459 billion were traded during the day as compared to 655,935,508… Continue reading PSX turns bullish, gains 692 more points

Consumer Confidence increases by 1.9 points in March

ISLAMABAD, Apr 23 (APP): The Consumer Confidence Index (CCI) improved by 1.9 points to 33.6 points on month-on-month basis during the month of March 2024 over the previous month (February 2024), according to consumer confidence survey report released by State Bank of Pakistan (SBP). Likewise, the Current Economic Conditions (CEC) index improved by 2.9 points… Continue reading Consumer Confidence increases by 1.9 points in March

Economy on right path, govt committed to accelerate growth: Finance Minister

ISLAMABAD, Apr 23 (APP):Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said here on Tuesday that the economy was steadily advancing in the right direction, underlining the government’s steadfast commitment to accelerate momentum towards achieving both economic growth and comprehensive social development. In his address at the 7th edition of the Leaders in Islamabad… Continue reading Economy on right path, govt committed to accelerate growth: Finance Minister

Current Account records surplus of $619 mln in March

ISLAMABAD, Apr 22 (APP): The current account has witnessed surplus of $619 million during the month of March 2024, State Bank of Pakistan (SBP) reported on Monday. Cumulatively the current account balance for July to March (2023-24) has improved significantly; as deficit of $0.5 billion was recorded during the period as compared to the… Continue reading Current Account records surplus of $619 mln in March

PSX witnesses bullish trend, gains 523 points

ISLAMABAD, Apr 22 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 523.56 points, a positive change of 0.74 percent, closing at 71,433.46 points against 70,909.90 points the previous trading day. A total of 655,205,105 shares valuing Rs.31.248 billion were traded during the day as compared to 475,833,699 shares valuing… Continue reading PSX witnesses bullish trend, gains 523 points

PSX turns bullish, gains 619 points

ISLAMABAD, Apr 19 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 619.79 points, a positive change of 0.88 percent, closing at 70,909.90 points against 70,290.12 points the previous trading day. A total of 475,833,699 shares valuing Rs.23.220 billion were traded during the day as compared to 440,314,409… Continue reading PSX turns bullish, gains 619 points

Weekly inflation falls by 0.79 percent

ISLAMABAD, Apr 19 (APP): The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.79 per cent for the combined consumption groups during the week ended on April 18, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in… Continue reading Weekly inflation falls by 0.79 percent

Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

WASHINGTON, Apr 19 (APP):Federal Minister for Finance and Revenue on Friday appreciated the World Bank’s Thought Leadership and its insightful report titled “From Swimming in the Sand to High and Sustainable Growth,” giving a clear roadmap for propelling Pakistan to a High Middle-Income country. He expressed these views while attending the “Roundtable on Implementing… Continue reading Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

Washington Talks: Finance Minister eyes crucial new IMF deal in June

WASHINGTON, Apr 18 (APP): As an International Monetary Fund’s (IMF) nine-month Standby Arrangement (SBA) edges towards completion, Pakistan has commenced discussions with the financial institution to secure a new deal, aimed at stabilizing the national economy. “Pakistan expects an IMF mission to visit in May and would like to reach a staff-level agreement on its… Continue reading Washington Talks: Finance Minister eyes crucial new IMF deal in June

Aurangzeb calls for robust financial safeguards against climate vulnerabilities

ISLAMABAD, Apr 18 (APP):In a high-profile meeting held at the sidelines of the IMF/World Bank 2024 Spring Meetings in Washington DC, Federal Minister for Finance and Revenue, Muhammad Aurangzeb emphasized the need for a robust financial safety net and capacity building to address geo-economic impacts and climate vulnerabilities. Speaking at the Middle East, North… Continue reading Aurangzeb calls for robust financial safeguards against climate vulnerabilities

Global FOs commit to support Pakistan’s economic initiatives

WASHINGTON, Apr 17 (APP):Leading global financial organizations like the World Bank (WB), Asian Development Bank (ADB) and International Finance Corporation (IFC) have assured their support for Pakistan’s initiatives aimed at economic stabilization through structural reforms, digital transformation and privatization efforts. The assurance came during sideline meetings of Federal Minister for Finance and Revenue Muhammad Aurangzeb,… Continue reading Global FOs commit to support Pakistan’s economic initiatives

WB assures support for reforms, digitalization programmes

ISLAMABAD, Apr 17 (APP):The World Bank (WB) has assured Pakistan of its full support for reforms and digitalization programmes to stabilize economy and enhance revenues. According to press statement issued by finance ministry here, Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with President World Bank Group, Ajay Banga and highlighted Pakistan’s progress under… Continue reading WB assures support for reforms, digitalization programmes

In Washington Aurangzeb highlights Pakistan’s roadmap to address economic challenges

WASHINGTON, Apr 16 (APP): Federal Minister for Finance and Revenue Muhammad Aurangzeb, who is leading a Pakistan delegation in the IMF and World Bank-2024 Spring Meetings in Washington DC, on Tuesday highlighted the country’s roadmap to cope with the confronted challenges and put economy on sustainable growth trajectory. In an interactive session with Atlantic Council’s… Continue reading In Washington Aurangzeb highlights Pakistan’s roadmap to address economic challenges

Finance Minister seeks foreign investments in IT, Agriculture, mining, energy sectors

ISLAMABAD, Apr 16 (APP): Federal Minister for Finance and Revenue, Muhammad Aurangzeb urged the influential Pakistani American businessmen and tech entrepreneurs to capitalize on the growing opportunities in Pakistan in key sectors of agriculture, Information Technology (IT), mining and energy. The minister during a meeting with businessmen and tech entrepreneurs, on the sidelines of the… Continue reading Finance Minister seeks foreign investments in IT, Agriculture, mining, energy sectors

Pakistan initiates discussing new multi-billion loan programme with IMF

ISLAMABAD, Apr 16 (APP): Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, Federal Minister for Finance and Revenue, Muhammad Aurangzeb said. With the final $1.1 billion tranche of Standby Arrangement (SBA) likely to be approved later this month, Pakistan has… Continue reading Pakistan initiates discussing new multi-billion loan programme with IMF

PSX witnesses bullish trend, gains 229 more points

ISLAMABAD, Apr 15 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 229.86 points, a positive change of 0.33 percent, closing at 70,544.58 points against 70,314.72 points the previous trading day. A total of 555,214,972 shares valuing Rs.21.986 billion were traded during the day as compared to 389,396,548 shares… Continue reading PSX witnesses bullish trend, gains 229 more points

No delay in wheat procurement target decision, clarifies finance ministry

ISLAMABAD, Apr 6 (APP): In response to reports appearing in a section of the press, the Finance Ministry here on Saturday clarified that there had been no delay in the decision-making process regarding wheat procurement targets. “News stories appearing in a section of the press have given the misleading impression that ECC has delayed the… Continue reading No delay in wheat procurement target decision, clarifies finance ministry

Commerce Minister, HanGeng discuss Investment opportunities in Gawadar

Chief Executive Officer (CEO) HanGeng Trade & Yuanhua Industrial, Andy Liao here on Saturday called on Federal Minister for Commerce, Jam Kamal Khan to discuss foreign investment opportunities in Gawadar and ways to expand exports. They explored Gawadar’s potential for economic growth and collaboration between foreign companies and local authorities, according to press statement issued… Continue reading Commerce Minister, HanGeng discuss Investment opportunities in Gawadar

Pakistan, Japan sign two projects in weather surveillance, health sectors

Pakistan and Japan on Thursday signed two Japanese grant-in-aid projects in the sectors of weather forecasting and surveillance; mother and child healthcare. The Notes of the projects were signed and exchanged by Secretary of Economic Affairs Division (EAD) Dr Kazim Niaz and Ambassador of Japan to Pakistan WADA Mitsuhiro on behalf of their respective governments… Continue reading Pakistan, Japan sign two projects in weather surveillance, health sectors

PSX continues with bullish trend, gains 660 more points

ISLAMABAD, Apr 4 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 660.75 points, a positive change of 0.98 percent, closing at 68,416.78 points against 67,756.04 points the previous trading day. A total of 388,751,782 shares valuing Rs.17.882 billion were traded during the day as compared to 361,823,380… Continue reading PSX continues with bullish trend, gains 660 more points

Author: Muhammad Ashraf Wani