PSX turns bullish, gains 89 points

ISLAMABAD, Apr 2 (APP): The 100-index of the Pakistan Stock Exchange (PSX) on Tuesday turned around to bullish trend, gaining 89.94 points, a slight positive change of 0.13 percent, closing at 66,886.26 points against 66,796.32 points the previous trading day. A total of 239,650,377 shares valuing Rs.8.940 billion were traded during the day as compared… Continue reading PSX turns bullish, gains 89 points

WB, IFC to continue support for Pakistan’s development goals

The World Bank (WB) and International Finance Corporation (IFC) here on Monday expressed resolve to continue support for Pakistan’s development goals and agendas for the welfare of the people of Pakistan. According to press statement issued by finance ministry, the Minister for Finance and Revenue, Muhammad Aurangzeb, was called on by WB Country Director,… Continue reading WB, IFC to continue support for Pakistan’s development goals

Prudent policies lead to sustainable economic recovery: Finance Ministry

ISLAMABAD, Mar 29 (APP):The country’s economic and financial position continues to improve with each passing month of the current fiscal year, attributed to prudent policy management and the resumption of inflows from multilateral and bilateral partners, finance ministry said in a recent report. According to monthly Economic Update and Outlook for March, Pakistan reached a… Continue reading Prudent policies lead to sustainable economic recovery: Finance Ministry

Weekly inflation falls slightly

ISLAMABAD, Mar 29 (APP):The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.09 per cent for the combined consumption groups during the week ended on March 28, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the… Continue reading Weekly inflation falls slightly

Economy commences on better note in 2024: Finance Minister

ISLAMABAD, Mar 29 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Friday said that with significant improvements in key economic indicators the economy in year 2024 commenced on a better note. Addressing the business community at Gong Ceremony at Pakistan Stock Exchange (PSX) Karachi, the minister said that the Ministry of Finance, in collaboration… Continue reading Economy commences on better note in 2024: Finance Minister

PSX closed at historic high level of over 67,000 points

ISLAMABAD, Mar 28 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 594.34 points, a positive change of 0.89 percent, closing at historic level of 67,142.12 points against 66,547.79 points the previous trading day. A total of 421,118,268 shares valuing Rs.16.159 billion were traded during the day as compared… Continue reading PSX closed at historic high level of over 67,000 points

PSX stays bullish, gains 641 more points

ISLAMABAD, Mar 27 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 641.51 points, a positive change of 0.97 percent, closing at 66,547.79 points against 65,906.28 points the previous trading day. A total of 354,597,630 shares valuing Rs.11.884 billion were traded during the day as compared to 303,710,027 shares… Continue reading PSX stays bullish, gains 641 more points

World urged to intervene for peace in Kashmir

ISLAMABAD, Mar 24 (APP):Chairman Jammu Kashmir Peace and Justice Organization (JKPO), Tanveer-ul-Islam here on Sunday sought immediate international intervention to address the escalating humanitarian catastrophe in Indian Illegally Occupied Jammu and Kashmir(IIOJK). He was speaking at a webinar titled “Voices for Kashmir: Seeking Truth, Justice, and Dignity,” organized by JKPO with an aim to… Continue reading World urged to intervene for peace in Kashmir

Qatar Fund keen to increase footprint in Pakistan’s power, housing sectors

ISLAMABAD, Mar 23 (APP):Chief Executive Officer, Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari here on Saturday showed his interest in increasing the footprint of the fund in Pakistan’s power generation and housing sectors. Both the countries would further enhance bilateral cooperation by initiating technical level discussions, according to press statement issued by Economic… Continue reading Qatar Fund keen to increase footprint in Pakistan’s power, housing sectors

Pakistan eyes $300 mln by selling Panda Bonds to Chinese investors

ISLAMABAD, Mar 22 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb said here on Friday that he was keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year. In an interview with Bloomberg on Friday, the minister said, selling Yuan-denominated debt would allow… Continue reading Pakistan eyes $300 mln by selling Panda Bonds to Chinese investors

Pakistan, ADB discuss collaboration to foster economic growth

ISLAMABAD, Mar 21 (APP):The Country Director of the Asian Development Bank (ADB), Young Ye, here Thursday called on Minister for Finance & Revenue, Muhammad Aurangzeb to discuss ongoing collaborations and future initiatives aimed at fostering economic development in Pakistan. They reaffirmed their commitment to strengthening their partnership, with a shared goal of promoting sustainable economic… Continue reading Pakistan, ADB discuss collaboration to foster economic growth

BankIslami’s Ehad Sukuk II listed on PSX with gong ceremony

ISLAMABAD, Mar 20 (APP):The Pakistan Stock Exchange (PSX) organized a gong ceremony at the exchange on Wednesday to mark the listing of BankIslami Pakistan Limited’s Islamic financial instrument of Ehad Sukuk II, a fully paid up, rated, perpetual, unsecured, subordinated, non-cumulative and contingent convertible Mudaraba Sukuk. The issue size was of PKR 1,000 million,… Continue reading BankIslami’s Ehad Sukuk II listed on PSX with gong ceremony

PSX continues with bullish trend, gains 229 points

ISLAMABAD, Mar 20 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend for third consecutive day on Wednesday, gaining 229.20 points, a positive change of 0.34 percent, closing at 65,731.79 points against 65,502.60 points the previous trading day. A total of 341,843,546 shares valuing Rs.11.844 billion were traded during the day… Continue reading PSX continues with bullish trend, gains 229 points

PSX stays bullish, gains 612 points

ISLAMABAD, Mar 19 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 612.09 points, a positive change of 0.94 percent, closing at 65,502.60 points against 64,890.51 points the previous trading day. A total of 323,281,871 shares valuing Rs.17.059 billion were traded during the day as compared to 211,758,341 shares… Continue reading PSX stays bullish, gains 612 points

PSX gains 74 points

ISLAMABAD, Mar 18 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 74.04 points, a positive change of 0.11 percent, closing at 64,890.51 points against 64,816.47 points the previous trading day. A total of 211,758,341 shares valuing Rs.7.785 billion were traded during the day as compared to 259,373,019 shares valuing… Continue reading PSX gains 74 points

Govt expedites implementation of 5Es framework

ISLAMABAD, Mar 14 (APP):Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal presided over a meeting here Thursday to expedite the implementation of the 5 Es Framework. According to press statement issued by the ministry, decision to organize one day workshop was made during the meeting with top officials of the ministry,… Continue reading Govt expedites implementation of 5Es framework

PSX turns bullish, gains 1,015 points

ISLAMABAD, Mar 14 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 1,015.82 points, a positive change of 1.59, closing at 65,064.27 points against 64,048.44 points the previous trading day. A total of 315,247,601 shares valuing Rs.10.487 billion were traded during the day as compared to 252,751,968 shares… Continue reading PSX turns bullish, gains 1,015 points

Documentation of economy, digitization top Govt priorities: Finance Minister

ISLAMABAD, Mar 13 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb said on Wednesday that documentation of economy and end to end digitization of tax system were the top priorities of the government. The finance minister Wednesday visited Federal Board of Revenue (FBR) Headquarters and held introductory meeting with its members to discuss the board’s… Continue reading Documentation of economy, digitization top Govt priorities: Finance Minister

PSX lists Mahaana Islamic Index Exchange Traded Fund

The Pakistan Stock Exchange (PSX) on Monday listed the Mahaana Islamic Index Exchange Traded Fund (MIIETF) managed by Mahaana Wealth Limited (MWL). The commencement of trading of units of MIIETF took place with effect from March 11, 2024, according to PSX press statement. The ETF aims to track the performance of Mahaana Islamic Index… Continue reading PSX lists Mahaana Islamic Index Exchange Traded Fund

Efforts on to improve National Planning Framework

ISLAMABAD, Mar 11 (APP):Chairman Planning Commission, Muhammad Jehanzaib Khan said here Monday said that efforts were afoot to improve National Planning Framework with consensus through consultation with provinces and other stakeholders and present it to the National Economic Council to make it part of National Framework. He was speaking at the inaugural ceremony of National… Continue reading Efforts on to improve National Planning Framework

Author: Muhammad Ashraf Wani