Govt slashes petrol prices by Rs.8 per liter

ISLAMABAD, Sep 30 (APP): The caretaker federal government on Saturday reduced prices of petrol by Rs.8 per liter, according to press statement issued by finance ministry. “In the wake of variations in international prices of petroleum products and the improvement in the exchange rate, the government of Pakistan has decided to revise the consumer prices… Continue reading Govt slashes petrol prices by Rs.8 per liter

ADB Capital Management Reforms unlock $100 bln in new funding

ISLAMABAD, Sep 29 (APP): The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to… Continue reading ADB Capital Management Reforms unlock $100 bln in new funding

Pakistan Rupee set to become top performing currency globally: Bloomberg

ISLAMABAD, Sep 28 (APP):Pakistani currency, Rupee is set to become the top performer globally this month as government crackdown on the illegal dollar trade helped reversed its fortunes, Bloomberg reported on Thursday. According to Bloomberg report, the rupee surged almost 6% in September, a remarkable feat as most currencies including the Thai baht and South… Continue reading Pakistan Rupee set to become top performing currency globally: Bloomberg

PSX gains 87.38 points

ISLAMABAD, Sep 27 (APP): The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday and gained 87.38 points, showing positive change of 0.19 per cent, closing at 46,365.04 points against 46,277.66 points the previous day. A total of 177,497,178 shares valuing Rs.6.928 billion were traded during the day as compared… Continue reading PSX gains 87.38 points

Finance Minister reviews Raast implementation, highlights importance of public-private partnership

ISLAMABAD, Sep 27 (APP):Reviewing implementation status of RAAST, the Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar here on Wednesday highlighted the importance of public-private partnerships in achieving sustainable development goals and inclusive growth. During a meeting with Country Lead (Pakistan), Bill and Melinda Gates Foundation (BMGF), Syed Ali Mahmood, and… Continue reading Finance Minister reviews Raast implementation, highlights importance of public-private partnership

Footwear exports increase by 7.74% in August

ISLAMABAD, Sep 26 (APP): The export of footwear products witnessed an increase of 7.74 percent during the Month of August 2023 as compare to the same month of last fiscal year, Pakistan Bureau of Statistics (PBS) reported. Pakistan exported footwear products worth $16.770 million during August 2023 as compared to the exports of $15.565 million… Continue reading Footwear exports increase by 7.74% in August

Cement exports surge by over 130% to $39.6 million

ISLAMABAD, Sep 25 (APP): The cement exports from Pakistan surged by 130.24 percent during the first two months of the current fiscal year as compared to the exports of the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Pakistan earned $39.641 million by exporting cement during July-August (2023-24) as compared to eh… Continue reading Cement exports surge by over 130% to $39.6 million

PSX continues with bullish trend, gains 219 points

ISLAMABAD, Sep 22 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday and gained 219.02 points, showing a positive change of 0.47 per cent, closing at 46,421.15 points against 46,202.13 points the previous day. A total of 172,894,248 shares valuing Rs.6.269 billion were traded during the day as compared to… Continue reading PSX continues with bullish trend, gains 219 points

PSX turns around, gains 312 points

ISLAMABAD, Sep 21 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and gained 312.55 points, showing a positive change of 0.68 per cent, closing at 46,202.13 points against 45,889.58 points the previous day. A total of 172,158,686 shares valuing Rs.5.345 billion were traded during the day as compared to 129,372,427 shares… Continue reading PSX turns around, gains 312 points

Inefficient SOEs inflict Rs500 bln loss to national kitty in 2022: Finance Minister

ISLAMABAD, Sep 21 (APP):Owing to inefficiencies and mismanagement, the deficient State-Owned Enterprises (SOEs) incurred overall losses of around Rs500 billion to the national exchequer during last year (2022), Caretaker Federal Minister for Finance, Revenue, Economic Affairs, Dr Shamshad Akhtar said on Thursday. Addressing a press conference, the minister said there were also profit-making enterprises, which… Continue reading Inefficient SOEs inflict Rs500 bln loss to national kitty in 2022: Finance Minister

ADB sees implementation of reforms key to economic stability

ISLAMABAD, Sep 20 (APP):Pakistan’s adherence to an economic adjustment program through April 2024 will be critical to restoring macroeconomic stability and the gradual recovery of the country’s growth, the Asian Development Bank (ADB) said in a report on Wednesday. According to the Asian Development Outlook (ADO) September 2023, Pakistan’s gross domestic product (GDP) growth is… Continue reading ADB sees implementation of reforms key to economic stability

PSX stays bullish, gains 107 points

ISLAMABAD, Sep 19 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday and gained 107.28 points, showing growth of 0.23 percent, closing at 45,910.47 points against 45,803.19 points the previous trading day. A total of 117,145,448 shares were traded during the day as compared to 103,494,874 shares, whereas the… Continue reading PSX stays bullish, gains 107 points

Gold imports increase by 44.13% in two months

ISLAMABAD, Sep 19 (APP):The imports of gold witnessed an increase of 44.13 percent during the first two months of current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Pakistan imported gold worth $4.971 million during July-August (2023-23) as compared to $3.449 million during July-August (2022-23), a… Continue reading Gold imports increase by 44.13% in two months

PSX gains 49 points

ISLAMABAD, Sep 18 (APP):The 100-index of the Pakistan Stock Exchange (PSX) on Monday gained 49.67 points, a positive change of 0.11 percent, closing at 45,803.19 points against 45,753.52 points the previous trading day. A total of 103,494,874 shares valuing Rs 3.296 billion were traded during the day as compared to 222,531,077 shares valuing Rs.11.056 billion… Continue reading PSX gains 49 points

Exports increase by 22.45 percent to Rs.1.27 trillion in two months

ISLAMABAD, Sep 18 (APP):The exports from the country in rupee term witnessed an increase of 22.45 percent during the first two months of current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Exports during July-August (2023-24) were recorded at Rs.1,276,238 million as against Rs.1,042,226 million during… Continue reading Exports increase by 22.45 percent to Rs.1.27 trillion in two months

PSX continues with bullish trend, gains 103 points

ISLAMABAD, Sep 15 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday and gained 103.46 points, a positive change of 0.23 percent, closing at 45,753.52 points against 45,650.06 points the previous trading day. A total of 222,531,077 shares valuing Rs 11.056 billion were traded during the day as compared… Continue reading PSX continues with bullish trend, gains 103 points

Economy showing signs of recovery: Finance Minister

ISLAMABAD, Sep 15 (APP): Caretaker Federal Minister for Finance, Revenue, Economic Affairs and Privatization Dr Shamshad Akhtar said here on Friday that country’s economy was showing signs of recovery owing to efforts made by the caretaker government. “The macroeconomic indicators, if you view them, you can find some betterment. There are some signs of economic… Continue reading Economy showing signs of recovery: Finance Minister

Kitchen items’ prices fall by 0.25 percent

ISLAMABAD, Sep 15 (APP):The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.25 percent for the combined consumption group during the week ended on September 14, the Pakistan Bureau of Statistics (PBS) reported on Friday. The SPI for the week under review in the above-mentioned group was recorded at 279.18… Continue reading Kitchen items’ prices fall by 0.25 percent

PSX gains 59 points

ISLAMABAD, Sep 14 (APP):The 100-index of the Pakistan Stock Exchange (PSX) on Thursday gained 59.13 points, a positive change of 0.13 percent, closing at 45,650.06 points against 45,590.93 points the previous trading day. A total of 45,590.93 shares valuing Rs 2.77 billion were traded during the day as compared to 102,767,509 shares valuing Rs 3.80… Continue reading PSX gains 59 points

Pakistan, Iran vow to nurture economic advancement

ISLAMABAD, Sep 13 (APP):Ambassador of the Islamic Republic of Iran, Dr. Reza Amiri Moghaddam called on Federal Minister for Finance, Revenue, Economic Affairs, & Privatization Dr. Shamshad Akhtar here on Wednesday. According to a press statement issued by the finance ministry, the discussion focused on fortifying the existing ties between the two nations and delving… Continue reading Pakistan, Iran vow to nurture economic advancement

Author: Ashraf Wani