Tasneem for improving competitiveness, productivity in Pakistan

ISLAMABAD, Nov 17 (APP):Special Assistant to Prime Minister for Industries and Production, Tasneem Ahmed Qureshi here on Thursday appreciated the role of NPO in improving competitiveness and productivity in Industry, Service sector, and effective public governance. He recognized this while visiting the National Productivity Organization NPO head Office. Tasneem stressed the need to improve productivity… Continue reading Tasneem for improving competitiveness, productivity in Pakistan

LSM witnesses nominal growth in September

ISLAMABAD, Nov 17 (APP):The production of Large-Scale Manufacturing Industries (LSMI) witnessed nominal growth of 0.01 per cent on year-on-year (YoY) basis during the month of September 2022 as compared to the same month of last year. According to data released by the Pakistan Bureau of Statistics (PBS) here, the LSMI index went slightly up from… Continue reading LSM witnesses nominal growth in September

Government to provide housing facilities to low, middle income groups: Dar

ISLAMABAD, Nov 16 (APP): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar here on Wednesday expressed government’s resolve to provide housing facilities to the low and middle income groups at affordable prices. Chairing a meeting on Mera Pakistan Mera Ghar (MPMG) Scheme at Finance Division, the minister advised the relevant authorities to work… Continue reading Government to provide housing facilities to low, middle income groups: Dar

PSX turns around, gains 186 points

ISLAMABAD, Nov 16 (APP): The 100-index of the Pakistan Stock Exchange (PSX) on Wednesday turned around to bullish trend and gained 186.90 points, a positive change of 0.44 percent, closing at 42,983.75 against 42,796.85 points on the last working day. A total of 186,709,771 shares were traded during the day as compared to 188,664,158 shares… Continue reading PSX turns around, gains 186 points

Gold rates up by Rs 1,850 per tola

ISLAMABAD, Nov 16 (APP): The price of 24 karat per tola gold witnessed an increase of Rs 1,850 on Wednesday as it was sold at Rs158,850 against its sale at Rs157,000 the previous day. The price of 10 gram 24 karat also increased by Rs 1,586 and was sold at Rs 136,188 against Rs134,602, whereas… Continue reading Gold rates up by Rs 1,850 per tola

Ayaz lauds WB for helping country’s socio-economic uplift

ISLAMABAD, Nov 16 (APP):Federal Minister for Economic Affairs, Sardar Ayaz Sadiq here on Wednesday appreciated the World Bank (WB) for its decades-long assistance, which he said had played and would continue to play a vital role in the socio-economic uplift of Pakistan. The minister was talking to Regional Director for the WB South Asia, Sustainable… Continue reading Ayaz lauds WB for helping country’s socio-economic uplift

ECC allows continuation of PM relief package to KPK, approves funds for PSM gas supply

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

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

PSX gains 123 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

Author: Muhammad Ashraf Wani