ISLAMABAD, Nov 15 (APP): The Economic Coordination Committee (ECC) of the cabinet here on Tuesday allowed continuation of Prime Minister’s Relief Package (PMRA) and Sasta Atta Initiatives for Khyber Pakhtunkhwa through Utility Stores Corporation (USC) till June 30, 2023. According to press statement issued by finance ministry here, the cabinet committee meeting was chaired by… Continue reading ECC allows continuation of PM relief package to KPK, approves funds for PSM gas supply
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.
Life expectancy declines to 65 years in Pakistan
ISLAMABAD, Nov 15 (APP):Life expectancy—average number of years that a person is expected to live—has witnessed slight decline in Pakistan and has been calculated at 65 years, according to Pakistan Demographic Survey (PDS) 2020 released by Pakistan Bureau of Statistics (PBS) here. The figures depict decline in life expectancy when compared to Pakistan Maternal Mortality… Continue reading Life expectancy declines to 65 years in Pakistan
SBP governor assures resolution of issues to facilitate businesses
ISLAMABAD, Nov 11 (APP): Governor State Bank of Pakistan (SBP), Jameel Ahmad here on Friday assured that the bank would try to resolve the issues faced by businesses and trade due to changed regulatory framework of Foreign Exchange. He made this assurance during a call on meeting with Chairman Federal Board of Revenue (FBR), Asim… Continue reading SBP governor assures resolution of issues to facilitate businesses
PSX continues with bullish trend, gains 191 points
TheISLAMABAD, Nov 11 (APP): 100-index of the Pakistan Stock Exchange (PSX) on Friday continued with bullish trend, gaining 191.68 points, a positive change of 0.45 percent, closing at 43,092.95 against 42,901.27 points on the last working day. A total of 232,788,982 shares were traded during the day as compared to 293,900,713 shares the previous day,… Continue reading PSX continues with bullish trend, gains 191 points
Naveed Qamar for changing agricultural practices to reduce climate change impacts
Speaking at the panel discussion on Living Indus, alongside Minister for Climate Change, Senator Sherry Rehman at Sharm El-Sheikh, the minister highlighted the importance of investing in re-educating and financing farmers to make modern and sustainable agricultural practices a priority. The minister shared his personal experiences with the 2010 floods and subsequent relief efforts and… Continue reading Naveed Qamar for changing agricultural practices to reduce climate change impacts
Abu Dhabi companies keen to invest in energy, agriculture sectors
ISLAMABAD, Nov 10 (APP): The Abu Dhabi Holding Company and International Holding Company (IHC) have expressed their special interest to invest in energy, agriculture, healthcare and other sectors of Pakistan’s economy. According to press statement issued by finance ministry here on Thursday, Federal Minister for Finance and Revenue, Senator Muhammad Ishaq Dar held meeting with… Continue reading Abu Dhabi companies keen to invest in energy, agriculture sectors
PSX continues with bullish trend, gains 635 points
ISLAMABAD, Nov 10 (APP):The 100-index of the Pakistan Stock Exchange (PSX) on Thursday continued with bullish trend, gaining 635.91 points, a positive change of 1.50 percent, closing at 42,901.27 against 42,265.36 points on the last working day. A total of 293,900,713 shares were traded during the day as compared to 237,359,327 shares the previous day,… Continue reading PSX continues with bullish trend, gains 635 points
Dar reiterates resolve to provide relief to poor
ISLAMABAD, Nov 09 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Wednesday expressed the government’s resolve to provide maximum relief to the poor and support them. Chairing a follow-up meeting on PM’s relief package through Utility Stores Corporation (USC), the minister emphasized that the present government was aware of the issues of the… Continue reading Dar reiterates resolve to provide relief to poor
Saghar denounces confiscation of Shabbir Shah’s home-cum-office by Indian authorities
ISLAMABAD, Nov 05 (APP): Convener All Parties Hurriyat Conference AJK chapter and acting chairman Democratic Freedom Party Mehmood Ahmed Saghar here on Saturday strongly condemned the Indian Enforcement Directorate (ED) for confiscating the house of the incarcerated party chairman Shabbir Ahmad Shah in Srinagar. In a statement issued here on Saturday Sagar termed it a… Continue reading Saghar denounces confiscation of Shabbir Shah’s home-cum-office by Indian authorities
ADB provides $100mln to strengthen KPK’s health system
ISLAMABAD, Nov 4 (APP):Pakistan and Asian Development Bank (ADB) here on Friday inked a financing agreement worth US$100 million for ‘Khyber Pakhtunkhwa Health Systems Strengthening Program. The financing agreement was signed by Secretary, Ministry of Economic Affairs, Dr. Kazim Niaz and Country Director, Pakistan Resident Mission, Yong Ye A while the program agreement was also… Continue reading ADB provides $100mln to strengthen KPK’s health system
PSX stays bullish, gains 146 points
ISLAMABAD, Nov 3 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 146.12 points, a positive change of 0.35 percent, closing at 42,090.71 against 41,944.59 points on the last working day. A total of 325,716,698 shares were traded during the day as compared to 230,561,335 shares the previous day,… Continue reading PSX stays bullish, gains 146 points
Services’ trade deficit shrinks 26.22% as exports grow by 4.63% in Q1
ISLAMABAD, Nov 3 (APP):The services trade deficit shrank by 26.22 percent as exports witnessed growth of 4.63 percent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. According to PBS data, the exports from the country during July-September (2022-23)… Continue reading Services’ trade deficit shrinks 26.22% as exports grow by 4.63% in Q1
PSX stays bullish, gains 135 points
ISLAMABAD, Nov 2 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 135.90 points, a positive change of 0.33 percent, closing at 41,944.59 against 41,808.69 points on the last working day. A total of 230,561,335 shares were traded during the day as compared to 192,142,149 shares the previous day,… Continue reading PSX stays bullish, gains 135 points
CAD declines to $2.2 billion in 1st Quarter
ISLAMABAD, Nov 2 (APP):The Current Account Deficit (CAD) declined to $ 2.2 billion during the first quarter (Q1) of the current fiscal year as compared to the deficit of $3.5 billion recorded during the corresponding period (July-September) of the fiscal year 2021-22. The CAD mainly contracted due to increase in exports and contraction in imports… Continue reading CAD declines to $2.2 billion in 1st Quarter
PSX stays bullish, gains 544 points
ISLAMABAD, NOV 1ST (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 544.03 points, a positive change of 1.32 percent, closing at 41,808.69 against 41,264.66 points on the last working day. A total of 192,142,149 shares were traded during the day as compared to 97,476,761 shares the previous… Continue reading PSX stays bullish, gains 544 points
CPI inflation increases to 26.6% in October
ISLAMABAD, Nov 1 (APP):The Consumer Price Index (CPI) increased to 26.6% on year-on-year (YoY) basis in October 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Thursday. On month-on-month basis, it increased to 4.7% in October 2022 as compared to a decrease of 1.2% in the previous… Continue reading CPI inflation increases to 26.6% in October
Gov’t keeps petroleum prices unchanged, extends tax returns’ date
ISLAMABAD, Oct 31 (APP):The government has decided to keep the prices of petroleum products unchanged for first half of November 2022 besides extending the last date for filing of tax returns. Briefing media here, Minister for Finance Senator Ishaq Dar also announced the government’s decision to increase the threshold of letters of credits (LCs) payments… Continue reading Gov’t keeps petroleum prices unchanged, extends tax returns’ date
PSX witnesses bullish trend, gains 124 points
ISLAMABAD, Oct 31 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 124.32 points, a positive change of 0.30 percent, closing at 41,264.66 against 41,140.34 points on the last working day. A total of 97,476,761 shares were traded during the day as compared to 177,761,063 shares the previous day, whereas… Continue reading PSX witnesses bullish trend, gains 124 points
PM to announce special package for rehabilitation of agriculture sector
ISLAMABAD, Oct 31 (APP):Prime Minister, Shehbaz Sharif is all set to announce a special package for rehabilitation of agriculture sector and provision of employment to farmers in the flood-hit areas of the country. The package has been prepared with the recommendations of ministries of National Food Security and Research and Finance and Revenue on directions… Continue reading PM to announce special package for rehabilitation of agriculture sector
PSX turns around, gains 62 points
ISLAMABAD, Oct 27 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around to slight bullish trend on Thursday, gaining 62.83 points, a negative change of 0.15 percent, closing at 41,602.86 against 41,540.03 points on the last working day. A total of 203,560,788 shares were traded during the day as compared to 265,421,430 shares the… Continue reading PSX turns around, gains 62 points