PSX gains 76 points

ISLAMABAD, Oct 21 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed slight bullish trend on Friday, gaining 76.44 points, a positive change of 0.18 percent, closing at 42,213.48 against 42,137.04 points on the last working day. A total of 289,586,599 shares were traded during the day compared to 267,572,500 shares the previous day, whereas… Continue reading PSX gains 76 points

Gold rates dip by Rs2500

ISLAMABAD, Oct 20 (APP):The price of 24 karat per tola gold witnessed an decrease of Rs2,500 on Thursday and was sold at Rs 147,900 against its sale at Rs150,400 the previous day. The price of 10 gram 24 karat also decreased by Rs 2,144 and was sold at Rs 126,800 against Rs128,944; whereas that of… Continue reading Gold rates dip by Rs2500

Exports increase by 40 per cent to Rs1.605 trillion Q1

ISLAMABAD, Oct 20 (APP):The exports from the country in rupee term witnessed an increase of 39.99 per cent during the first Quarter (Q1) of the current fiscal year (2022-23) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July-September (2022-23) were recorded at Rs. 1,605,826 million… Continue reading Exports increase by 40 per cent to Rs1.605 trillion Q1

Default averted but at a very high political cost: Dar

Federal Finance Minister, Senator Mohammad Ishaq Dar is addressing All Pakistan Chartered Accountants Conference 2022 on Sustainability, Technology and Transformation.

ISLAMABAD, Oct 19 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar once again gave a clear message on Wednesday that there was no question of Pakistan going into default as the same had been averted, though at a very high political cost. “I want to give a message to markets through this conference…… Continue reading Default averted but at a very high political cost: Dar

PSX continues with bullish trend, gains 386 points

ISLAMABAD, Oct 19 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 386.78 points, a positive change of 0.92 percent, closing at 42,226.05 against 41,839.27 points on the last working day. A total of 250,266,056 shares were traded during the day compared to 190,311,688 shares the previous day, whereas… Continue reading PSX continues with bullish trend, gains 386 points

Food exports surge by 5.70% in Q1 FY23

The exports of various food commodities were recorded at $1,077.834 million during July-September (2022-23) as compared to the exports of $1,019.676 million in July-September (2021-22), according to PBS data. The food commodities that contribute in positive growth in trade included vegetables, the exports of which grew by 44.34 percent, from $50.082 million to $72.289 million.… Continue reading Food exports surge by 5.70% in Q1 FY23

Big industry grows by 0.6 percent in August

The production of Large-Scale Manufacturing Industries (LSMI) witnessed a growth of 0.6 percent on year-on-year (YoY) basis during the month of August 2022 compared to the same month of last year. According to latest data released by Pakistan Bureau of Statistics (PBS) here Wednesday, the LSMI index went up from 114.1 points in August 2021… Continue reading Big industry grows by 0.6 percent in August

PSX turns around to bullish trend, gains 83 points

ISLAMABAD, Oct 18 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turn around to bullish trend on Tuesday, gaining 83.82 points, a positive change of 0.20 percent, closing at 41,839.27 against 41,755.45 points on the last working day. A total of 190,311,688 shares were traded during the day compared to 144,312,641 shares the previous day,… Continue reading PSX turns around to bullish trend, gains 83 points

Textile exports increase by 3.68% to $4.58 billion in Q1

ISLAMABAD, Oct 18 (APP):The exports of textile goods increased by 3.68 percent during the first Quarter (Q1) of the current fiscal year as compared to the corresponding period of last year. The textile goods’ exports were recorded at $4,583.610 million in July-September (FY2022-23) against the exports of $4,420.883 million in July-September (FY2021-22), showing growth of… Continue reading Textile exports increase by 3.68% to $4.58 billion in Q1

ECC approves Rs20.2 bln for SAP, flood-hit farmers

ISLAMABAD, Oct 17 (APP):The Economic Coordination Committee (ECC) of the cabinet here on Monday approved technical supplementary grants (TSGs) of Rs20.2 billion for Sustainable Development Goals Achievement Program (SAP) and flood-effected farmers. The meeting of the cabinet committee was presided virtually over by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar, according to… Continue reading ECC approves Rs20.2 bln for SAP, flood-hit farmers

Dar urges diaspora to take advantage of IT sector’s investment potential

ISLAMABAD, OCTOBER 17 (APP): Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar apprised the Pakistani-American IT/Tech entrepreneurs that government was according priority attention to IT/ Tech sector to tap its true potential. In a virtual meeting the entrepreneurs along with Minister for Economic Affairs, Ayaz Sadiq, the finance minister said that the country’s… Continue reading Dar urges diaspora to take advantage of IT sector’s investment potential

Dar calls for greater policy support from IMF, donors

ISLAMABAD, Oct 16 (APP): Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country. The minister was addressing a meeting of MENAP (Middle East, North Africa, Afghanistan,… Continue reading Dar calls for greater policy support from IMF, donors

Govt keeps POL prices unchanged

ISLAMABAD, Oct 15 (APP): The government has kept prices of various petroleum products unchanged for next fortnight, till October31st, Federal Minister for Finance and Revenue, Mohammad Ishaq Dar announced Saturday. In his video message from Washington, the minister said the finance ministry had received a summary from Oil and Gas Regulatory Authority (OGRA), proposing a… Continue reading Govt keeps POL prices unchanged

No haircuts, Pakistan seeks rescheduling of $27 bln bilateral debt: Dar

ISLAMABAD, Oct 15 (APP): Federal Minister for Finance and Revenue, Mohammad Ishaq Dar said that Pakistan would seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring. In an interview with British News Agency, Reuters, the minister ruled out the… Continue reading No haircuts, Pakistan seeks rescheduling of $27 bln bilateral debt: Dar

IMF sympathizes with Pakistan on flood-damages, assures support

ISLAMABAD, Oct 15 (APP): The International Monetary Fund (IMF) has sympathized with Pakistan for the losses caused by the recent floods across the country and assured of fund’s support. The assurance was made by IMF’s Director of the Middle East and Central Asia Department Jihad Azour in his meeting with Federal Minister for Finance and… Continue reading IMF sympathizes with Pakistan on flood-damages, assures support

Weekly inflation eases by 0.57%

ISLAMABAD, Oct 14 (APP):The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 13 for the combined consumption group witnessed a decrease of 0.57 percent as compared to the previous week. The SPI for the week under review in the above-mentioned group was recorded at 204.55 points against 205.73 points registered… Continue reading Weekly inflation eases by 0.57%

IMF, WB, IsDB assure Pakistan of continued support

ISLAMABAD, Oct 14 (APP):The International Monetary Fund (IMF), the World Bank(WB) and Islamic Development Bank (IsDB) have assured of their continued support to Pakistan at a time when the country was facing socioeconomic challenges owing to recent floods that have damaged economy badly. The assurances were made during the separate meetings of Federal Minister for… Continue reading IMF, WB, IsDB assure Pakistan of continued support

Pakistan still in phase of providing immediate relief in flood-hit areas: EAD

ISLAMABAD, Oct 13 (APP): Ministry of Economic Affairs’ Acting Secretary, Humair Karim said here Thursday that Pakistan was still in the phase of providing immediate relief to the flood affected areas. He was chairing the third meeting of Steering Committee for Coordination Regarding International Assistance for Flood Relief Activities. The committee was constituted by the… Continue reading Pakistan still in phase of providing immediate relief in flood-hit areas: EAD

PSX turns around as index goes slightly up by 78 points

ISLAMABAD, OCT 13 (APP): The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday to bullish trend, gaining 78.58 points, a positive change of 0.19 percent, closing at 42,085.72 points against 42,007.14 points on the last working day. A total of 222,227,524 shares were traded during the day compared to 238,657,372 shares the… Continue reading PSX turns around as index goes slightly up by 78 points

APHC leader Altaf Shah’s funeral prayers in absentia offered

ISLAMABAD, Oct 12 (APP):The funeral prayers in absentia were offered for the Senior All Parties Hurriyat Conference (APHC) Altaf Ahmad Shah here on Wednesday morning. The incarcerated leader, Altaf Ahmad Shah breathed his last on Monday night at New Delhi’s AIIMS Hospital, where he was shifted after being diagnosed with last stage of renal cancer.… Continue reading APHC leader Altaf Shah’s funeral prayers in absentia offered

Author: Muhammad Ashraf Wani