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

Tributes paid to resilient Kashmiri women

ISLAMABAD, Mar 8 (APP):Speakers at a seminar, marking the International Women’s Day, paid rich tributes to Kashmiri women for their resilience in advancing the Kashmiris’ struggle for the right to self-determination. The seminar titled “Speak My Pain” was organized by Institute of Dialogue Development and Diplomatic Studies on Friday in Garri Dupatta, Muzaffarabad, which among… Continue reading Tributes paid to resilient Kashmiri women

Services’ exports earn $4.44 bln in 7 months

ISLAMABAD, Mar 6 (APP):Pakistan earned $4,447.97 million by exporting various services during the first seven months of the current fiscal year (2023-24), Pakistan Bureau of Statistics (PBS) reported. The export of services however, witnessed decline of 2.42 percent when compared to the exports of $4,558.41 million during the same period of last year. The services’… Continue reading Services’ exports earn $4.44 bln in 7 months

PSX stay bullish, gains 875 more points

ISLAMABAD, Feb 29 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 875.07 points, a positive change of 1.37 percent, closing at 64,578.52 points against 63,703.45 points the previous trading day. A total of 424,043,562 shares valuing Rs17.053 billion were traded during the day as compared to 461,390,885 shares… Continue reading PSX stay bullish, gains 875 more points

Stabilization measures contribute to positive economic outlook: Report

ISLAMABAD, Feb 29 (APP):The stabilization measures, encouraging business confidence coupled with exchange rate stability, contributed to a positive economic outlook for Pakistan amidst ongoing challenges, Finance Ministry said in a recent report. “Last few months measures have restored market confidence and led to a pick-up in economic activity,” says monthly Economic Update and Outlook for… Continue reading Stabilization measures contribute to positive economic outlook: Report

PSX turns bullish, gains 484 points

ISLAMABAD, Feb 28 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 484.35 points, a positive change of 0.77 percent, closing at 63,703.45 points against 63,219.10 points the previous trading day. A total of 461,390,885 shares valuing Rs 16.000 billion were traded during the day as compared to… Continue reading PSX turns bullish, gains 484 points

CCP approves three KSA-based mergers with stake in Pakistan’s steel sector

ISLAMABAD, Feb 24 (APP):The Competition Commission of Pakistan (CCP) has granted approval to three mergers concerning Saudi Iron and Steel Company (Hadeed), having a presence in Pakistan’s steel market. The overall transaction comprises of restructuring of two entities divided into three stages of transactions, according to press statement issued by the commission here Saturday. Based… Continue reading CCP approves three KSA-based mergers with stake in Pakistan’s steel sector

PSX stays bullish, gains 901 more points

ISLAMABAD, Feb 23 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 901.48 points, a positive change of 1.46 percent, closing at 62,815.82 points against 61,914.34 points the previous trading day. A total of 377,974,404 shares valuing Rs 16.011 billion were traded during the day as compared to 324,830,445… Continue reading PSX stays bullish, gains 901 more points

Author: Muhammad Ashraf Wani