Author: Muhammad Ashraf Wani

Senior Journalist with a professional experience spanning over 25 years. Have been delivering incisive and comprehensive coverage across various domains, with a specialized focus on economy, parliamentary proceedings and other pertinent beats.

PSX turns around to bullish trend, gains 296 points

ISLAMABAD, Jan 10 (APP): The 100-index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Tuesday, gaining 296.75 points, a positive change of 0.73 percent, closing at 40,801.51 against 40,504.76 points the previous day. A total of 214,346,791 shares were traded during the day as compared to 163,939,925 shares the previous… Continue reading PSX turns around to bullish trend, gains 296 points

PSX becomes signatory of women’s empowerment principles

ISLAMABAD, Jan 10 (APP): In a positive move forward signifying Pakistan Stock Exchange’s (PSX) efforts to promote increased women participation, gender equality and adopting gender-responsive policies, PSX has become a signatory of Women’s Empowerment Principles (WEPs). According to PSX press release received here, WEPs, the founding partners of which are UN Women and UN Global… Continue reading PSX becomes signatory of women’s empowerment principles

Dar reiterates commitment to complete IMF programme

ISLAMABAD, Jan 09 (APP): Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar on Monday reiterated his government’s commitment to complete the International Monetary Fund (IMF) program. The minister held a meeting with IMF Mission Chief to Pakistan, Nathan Porter, on the side lines of International Conference on ‘Climate Resilient Pakistan’ at Geneva, finance… Continue reading Dar reiterates commitment to complete IMF programme

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WB working with partners on flood rehabilitation in Pakistan: Official

GENEVA, Jan 9 (APP): WB Vice President for the South Asia Region Martin Raiser on Monday said the World Bank was working with its development partners on flood rehabilitation in Pakistan. “The World Bank will help Pakistan in every way in post-flood rehabilitation,” he said while addressing the International Conference on ‘Climate Resilient Pakistan’. Martin… Continue reading WB working with partners on flood rehabilitation in Pakistan: Official

Dar seeks budgetary support to cope with flood challenges

“Pakistan’s urgent expectation from this conference is not merely a commitment of resources for reconstruction and rehabilitation in short-to-medium term but we are also looking forward for budget inflows and assistance during the remainder of the current fiscal year,” he said while co-chairing the First Plenary Session: ‘Pakistan’s Resilient Recovery Strategy’, during the International Conference… Continue reading Dar seeks budgetary support to cope with flood challenges

PSX stays bullish, gains 290 points

ISLAMABAD, Jan 06 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 290.78 points, a positive change of 0.71 percent, closing at 41,007.52 against 40,716.74 points the previous day. A total of 181,976,391 shares were traded during the day as compared to 1|11,790,556 shares the previous day, whereas… Continue reading PSX stays bullish, gains 290 points

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PSX turns around, gains 177 points

ISLAMABAD, Jan 5 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 177.44 points, a negative change of 0.44 percent, closing at 40,716.74 against 40,539.30 points on the previous day. A total of 111,790,556 shares were traded during the day as compared to 142,881,828 shares the previous day,… Continue reading PSX turns around, gains 177 points

Services’ trade deficit shrinks by 49.50 % as exports grow by 5.73%

ISLAMABAD, Jan 5 (APP): The services trade deficit narrowed by 49.50 per cent as exports witnessed a growth of 5.73 per cent during the first five months of the current fiscal year as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. According to PBS data, the exports from… Continue reading Services’ trade deficit shrinks by 49.50 % as exports grow by 5.73%

UN reminded of its forgotten promises

ISLAMABAD, Jan 5 (APP): Kashmiris across the Line of Control and world-over on Thursday reminded the United Nations (UN) of its forgotten commitment regarding their right to plebiscite to decide their future through a democratic process. Every year, Kashmiris observe January 5 as Right to Self-Determination to reaffirm their commitment to continue their struggle for… Continue reading UN reminded of its forgotten promises

PTI’s white paper misleading, devoid of context: Dar

Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar briefing the media on economy alongwith other Federal Ministers in Islamabad on January 04, 2023.

ISLAMABAD, Jan 4 (APP):The economic managers of the country here on Wednesday termed the Pakistan Tehreek-i-Insaf’s (PTI) white paper on state of economy selective, misrepresented and devoid of economic context. “The PTI’s presentation [white paper] is selective and misrepresented, showing misleading economic indicators,” Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar told a… Continue reading PTI’s white paper misleading, devoid of context: Dar

Trade deficit narrows by 32.65% in 1st half of FY23

ISLAMABAD, Jan 4 (APP):The trade deficit witnessed a decline of 32.65 percent during the first half of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The trade deficit during July-December (2022-23) was recorded at $17.133 billion against the deficit of $25.438 billion in July-December… Continue reading Trade deficit narrows by 32.65% in 1st half of FY23

PSX witnesses bullish trend, gains 395 points

ISLAMABAD, Jan 2 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 395.45 points, with a positive change of 0.98 percent, closing at 40,815.90 against 40,420.45 points on the previous day. A total of 242,173,251 shares were traded during the day as compared to 284,512,885 shares the previous day, whereas… Continue reading PSX witnesses bullish trend, gains 395 points

PSX stays bullish, gains 673 points

ISLAMABAD, Dec 30 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed continued with bullish trend on Friday, gaining 673.09 points, with a positive change of 1.69 percent, closing at 40,420.45 against 39,747.36 points on the previous day. A total of 284,512,885 shares were traded during the day as compared to 227,788,151 shares the previous… Continue reading PSX stays bullish, gains 673 points

Weekly inflation slides down slightly

ISLAMABAD, Dec 30 (APP):The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed a slight decrease of 0.09 percent for combined consumption group during the week ended on December 29, Pakistan Bureau of Statistics (PBS) reported Friday. The SPI for the week under review in the above-mentioned group, was recorded at 217.20 points as compared… Continue reading Weekly inflation slides down slightly

Floods push economic growth below budgeted target: Economic Outlook

ISLAMABAD, Dec 30 (APP):The economic growth for the fiscal year 2022-23 is likely to remain below the budgeted target due to devastation created by floods, finance ministry said in a recent report released here Friday. “This combination of low growth, high inflation and low levels of official reserves is particularly challenging for policy makers,” says… Continue reading Floods push economic growth below budgeted target: Economic Outlook

Govt committed in development of GB: Dar

Finance Minister Gilgit-Baltistan, Jawed Ali Manwa and his team during a call on meeting with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at the Finance Division.

ISLAMABAD, Dec 27 (APP):Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar here on Tuesday expressed his government’s commitment for the development and progress of all regions including Gilgit-Baltistan. During a meeting with Finance Minister Gilgit-Baltistan, Jawed Ali Manwa and his team, who called on the federal minister, Dar also stressed for utilization of… Continue reading Govt committed in development of GB: Dar

PSX witnesses bullish trend, gains 485 points

ISLAMABAD, Dec 26 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 485.96 points, a positive change of 1.23 percent, closing at 40,155.16 against 39,669.20 points on the previous day. A total of 146,880,187 shares were traded during the day as compared to 132,633,704 shares the previous day, whereas the… Continue reading PSX witnesses bullish trend, gains 485 points

Fish exports increase by 23.53% to $185 million

ISLAMABAD, Dec 26 (APP):The exports of fish and fish preparations increased by 23.53 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The country earned $185.922 million from seafood exports during July-November (2022-23) against the exports of US… Continue reading Fish exports increase by 23.53% to $185 million

Weekly inflation slides down by 0.11 percent

ISLAMABAD, Dec 24 (APP): The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed a decrease of 0.11 percent for combined consumption group during the week ended on December 22, Pakistan Bureau of Statistics (PBS) reported Friday. The SPI for the week under review in the above-mentioned group was recorded at 217.39 points as compared… Continue reading Weekly inflation slides down by 0.11 percent

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