PSX turns around to bullish trend, gains 626 points

ISLAMABAD, Jul 06 (APP): The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 626.01 points, a positive change of 1.44 percent, closing at 44,178.85 points against 43,552.84 points the previous trading day. A total of 297,822,139 shares were traded during the day as compared to 351,181,910 shares the… Continue reading PSX turns around to bullish trend, gains 626 points

PSX witnessed mixed trend in trading

ISLAMABAD, Jul 5 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed mixed trend in trading on Wednesday, losing just 4 points, a nominal change of 0.01 percent, closing at 43,552.84 points against 43,557.02 points the previous trading day. A total of 351,181,910 shares were traded during the day as compared to 419,302,491 shares the… Continue reading PSX witnessed mixed trend in trading

Progress on CPEC restored within year: Ahsan Iqbal

ISLAMABAD, Jul 5 (APP):Federal Minister Planning, Development and Special Initiatives, Professor Ahsan Iqbal said here on Wednesday that progress on the China Pakistan Economic Corridor (CPEC) has been put back at a position wherefrom the project would become a game-changer for regional development. Addressing a ceremony here to mark a decade of the signing of… Continue reading Progress on CPEC restored within year: Ahsan Iqbal

Services’ trade deficit narrows by 88%

ISLAMABAD, Jul 5 (APP):The services’ trade deficit shrank by 88.26 percent during the first eleven months of the fiscal year 2022-23 as compared to the corresponding period of previous year, Pakistan Bureau of Statistics reported. The services trade deficit was recorded at $607.67 million during July-May (2022-23) against the deficit of $5,175.24 million during July-May… Continue reading Services’ trade deficit narrows by 88%

Pakistan, US discuss ways to enhance economic cooperation

Ambassador of the United States of America to Pakistan, Donald Blome during a call on meeting with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar

ISLAMABAD, Jul 5 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar and Ambassador of the United Stated of America to Pakistan, Donald Blome here on Wednesday exchanged views about areas of common interest and enhancing existing bilateral relations between the two countries. According to statement issued by the finance ministry the discussion was… Continue reading Pakistan, US discuss ways to enhance economic cooperation

Trade deficit narrows by 43% as exports mount to $27.7 bln in FY23

ISLAMABAD, Jul 4 (APP):The trade deficit witnessed a decline of 43.03 percent during the fiscal year 2022-23 as compared to the previous year (2021-22), Pakistan Bureau of Statistics (PBS) reported. The trade deficit during July-June (2022-23) was recorded at $27.547 billion against the deficit of $48.354 billion in July-June (2021-22), a decline of 43.03 percent.… Continue reading Trade deficit narrows by 43% as exports mount to $27.7 bln in FY23

PSX witnesses historic single-day gain of around 6%, expands by 2,446 points

ISLAMABAD, Jul 3 (APP):Bullish trend dominated at the 100-index of the Pakistan Stock Exchange (PSX), as it witnessed historic single-day gain of 2,446 points on Monday, a positive change of 5.90 per cent, closing at 43,899.01 points against 41,452.69 points the previous trading day. Following the agreement with the International Monetary Fund (IMF), a total… Continue reading PSX witnesses historic single-day gain of around 6%, expands by 2,446 points

Pakistan, Syria to enhance industrial cooperation

ISLAMABAD, Jul 3 (APP): Chairman of Damascus Chamber of Industry, Ghazwan al-Masry during a meeting with Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Pakistan to Syria, Shahid Akhtar, discussed means of enhancing and developing industrial cooperation between the two countries. According to the SANA news agency, during the meeting held at the Chamber’s… Continue reading Pakistan, Syria to enhance industrial cooperation

No Change in petrol prices

ISLAMABAD, Jun 30 (APP):The government on Friday kept unchanged the prices of petrol at Rs.262 per liter for next fifteen days, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar announced here. However, the prices of per liter diesel have been enhanced by Rs.7.5 per liter keeping in view increasing prices of petroleum products… Continue reading No Change in petrol prices

Pakistan, IMF reach US$3 bln Stand-By Arrangement

ISLAMABAD, Jun 30 (APP): The International Monetary Fund (IMF) and Pakistan have reached to nine-month Stand-By Arrangement (SBA) of around US$3 billion, according to press statement issued by the fund. “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in… Continue reading Pakistan, IMF reach US$3 bln Stand-By Arrangement

ADB appoints Fatima Yasmin as Vice-President for Sectors and Themes

ISLAMABAD, Jun 28 (APP): The Asian Development Bank (ADB) has appointed Fatima Yasmin as Vice-President for Sectors and Themes for a period of 3 years. According to ADB press statement received here, Ms. Yasmin is expected to join ADB in late August. She will be responsible for management of the newly created Sectors Group and… Continue reading ADB appoints Fatima Yasmin as Vice-President for Sectors and Themes

ECC approves Bonded Bulk Storage Policy 2023

ISLAMABAD, Jun 28 (APP): The Economic Coordination Committee (ECC) of the cabinet approved “Bonded Bulk Storage Policy 2023” for petroleum products, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar tweeted here on Wednesday. He said, it was another commitment of the government fulfilled with people of Pakistan that was made through Budget speech… Continue reading ECC approves Bonded Bulk Storage Policy 2023

PSX stays bullish

ISLAMABAD, Jun 27 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend, gaining 15.59 points on Tuesday, a slight positive change of 0.04 per cent, closing at 41,452.69 points against 41,437.10 points the previous day. A total of 234,748,468 shares were traded during the day as compared to 226,821,151 shares the… Continue reading PSX stays bullish

Exports increase by 22.13% to Rs.8.187 trillion in 11 months

Exports during July–May (2022-2023) were recorded at Rs. 6,187,511 million as against Rs.5,066,143 million during the corresponding period of last year, showing an increase of 22.13 percent according to provisional data released by PBS. On year-on-year basis, exports from the country during January, 2023 amounted to Rs.628,037 million as against Rs.512,962 million during May, 2022,… Continue reading Exports increase by 22.13% to Rs.8.187 trillion in 11 months

ECC approves Rs1.9 bln technical supplementary grants

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chairing the meeting of the Economic Coordination Committee (ECC) of the Cabinet.

ISLAMABAD, Jun 21 (APP): In addition to approving various summaries, the Economic Coordination Committee (ECC) of the Cabinet, here on Wednesday approved Rs1,914.83 million technical supplementary grants for various ministries and divisions. The cabinet committee meeting was attended by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, according to press statement issued by… Continue reading ECC approves Rs1.9 bln technical supplementary grants

Govt committed to complete IMF programme: Dar

Ambassador of the United States of America to Pakistan, Donald Blome during a call on meetin with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar.

ISLAMABAD, Jun 21 (APP):Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said here on Wednesday that the government was committed to complete the International Monetary Fund (IMF) programme. During a meeting with Ambassador of the United States of America to Pakistan, Donald Blome who called on the minister, the minister informed him about… Continue reading Govt committed to complete IMF programme: Dar

Gold imports up by 44.22% in 11 months

The gold imports during the July-May (2022-23) were recorded at $27.377 million as compared to the imports of $18.983 million during July-May (2021-22), according to the data. In terms of quantity, Pakistan imported 437 kilograms of gold during the months under review as compared to the imports of 302 kilograms last year, showing growth of… Continue reading Gold imports up by 44.22% in 11 months

POL import bill shrinks by 21.84% in 11 months

ISLAMABAD, Jun 20 (APP):The imports of the overall petroleum group contracted by 21,84 percent during the first eleven months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-May (2022-23) stood at $… Continue reading POL import bill shrinks by 21.84% in 11 months

Seafood exports increase by 17.13% to $456 mln

ISLAMABAD, Jun 19 (APP):The exports of fish and fish preparations increased by 17.13 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. The country earned $456.668 million from seafood exports during July-May (2022-23) against the exports of… Continue reading Seafood exports increase by 17.13% to $456 mln

Dar for further strengthening economic relations with China

Ms. Pang Chunxue, Charge’d Affairs, Embassy of the People’s Republic of China in a call on meeting with Finance Minister Senator Mohammad Ishaq Dar.

ISLAMABAD, Jun 12 (APP):Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar here on Monday highlighted the need to deepen bilateral relations with China with special focus on economy, trade and financial sectors. He was talking to Charge’d Affairs, Embassy of the People’s Republic of China, Ms. Pang Chunxue, who called on minister here.According… Continue reading Dar for further strengthening economic relations with China

Author: Muhammad Ashraf Wani