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

One more murder, APHC leader Altaf Ahmad Shah dies in Indian custody

ISLAMABAD, Oct 11 (APP):The incarcerated Senior All Parties Hurriyat Conference (APHC) leader, Altaf Ahmad Shah, 66, breathed his last on Monday night at New Delhi’s AIIMS Hospital, where he was shifted after diagnosed with last stage of renal cancer. Shah, the son-in-law of iconic Kashmiri hurriyat leader late Syed Ali Gilani, had been languishing in… Continue reading One more murder, APHC leader Altaf Ahmad Shah dies in Indian custody

Prudent economic polices put Rupee on sustained upward trajectory

ISLAMABAD, Oct 10 (APP):Notwithstanding the flood damages, the prudent economic policies introduced by the incumbent finance minister are bearing fruit as Rupee is continuously gaining strength against Dollar for past over-two weeks, making it best-performing currency. Even on Monday, Pakistan rupee appreciated by Rs 1.96 against the US dollar in the interbank trading and closed… Continue reading Prudent economic polices put Rupee on sustained upward trajectory

PSX witnesses bullish trend, gains 126 points

ISLAMABAD, OCT 10 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 126.39 points, a positive change of 0.30 percent, closing at 42,211.64 points against 42,085.25 points on the last working day. A total of 240,194,764 shares were traded during the day compared to 313,348,644 shares the previous day,… Continue reading PSX witnesses bullish trend, gains 126 points

Projects worth billions approved by ECNEC in energy, education, communication sectors

ISLAMABAD, Oct 07 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Friday approved projects worth billions of rupees relating to energy, education, communication, food security and agriculture sectors of the country. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the ECNEC meeting, according to press statement issued by… Continue reading Projects worth billions approved by ECNEC in energy, education, communication sectors

Attracting US foreign investment a top priority: Dar

Donald Blome, Ambassador of the United Stated of America to Pakistan in a call on meeting with Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar at Finance Division.

ISLAMABAD, Oct 7 (APP):Federal Minister for Finance and Revenue, Mohammad Ishaq Dar said here on Friday that attracting the United States foreign investment in different sectors of Pakistan’s economy was the government’s top priority. During a meeting with Ambassador of the United Stated of America to Pakistan, Donald Blome, who call on the minister here,… Continue reading Attracting US foreign investment a top priority: Dar

Rs100 bln subsidy: Rs19.99 per unit electricity fixed for export sector

ISLAMABAD, Oct 06 (APP): The federal government on Thursday announced electricity rate at Rs 19.99/per unit for five export-oriented sectors in a bid to promote exports and improve country’s balance of payment position. Federal Minister for Finance and Revenue Mohammad Ishaq Dar announced the relief measure, at a press conference here, after having successful negotiations… Continue reading Rs100 bln subsidy: Rs19.99 per unit electricity fixed for export sector

Dar for getting ‘agriculture package’ ready within week

ISLAMABAD, Oct 06 (APP): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Thursday advised relevant ministers and officials to ensure that a wholesome package is devised for the agriculture sector within a week. The minister was chairing a meeting of Committee constituted by the Prime Minister of Pakistan on Kissan Package. The meeting… Continue reading Dar for getting ‘agriculture package’ ready within week

Finance ministry contests rating action by Moody’s

ISLAMABAD, Oct 06 (APP): The Finance Ministry on Thursday strongly contested the Moody’s rating action, which it said was carried out unilaterally without prior consultations and meetings with its teams and State Bank of Pakistan (SBP). According to press statement issued by the ministry, Moody’s has released the revised rating for Pakistan in which it… Continue reading Finance ministry contests rating action by Moody’s

Bulls rule PSX as index gains 549 points more

ISLAMABAD, OCT 6 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday gaining 549.15 points, a positive change of 1.32 percent, closing at 42,160.57 against 41,611.42 points on the last working day. A total of 442,582,933 shares were traded during the day compared to 635,590,113 shares the previous day,… Continue reading Bulls rule PSX as index gains 549 points more

FDI increases by 88pc in August

ISLAMABAD, Oct 6 (APP):The Foreign Direct Investment (FDI) into the country increased by 87.94 percent on month-on-month basis during August 2022 against the inflows of July 2022, according to report by finance ministry. The FDI inflows were recorded at $ 110.7 million in August 2022 as against an inflow of $ 58.9 million in July… Continue reading FDI increases by 88pc in August

Modalities to reduce winter gas shortfall discussed

ISLAMABAD, Oct 05 (APP): Modalities for provision of adequate gas supply for domestic and industrial consumption and reducing the shortfall in the winter season were discussed during a meeting here Wednesday. The meeting was presided over by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, said a press statement issued by finance ministry.… Continue reading Modalities to reduce winter gas shortfall discussed

PSX continues with bullish trend, gains 260 points

ISLAMABAD, Oct 5 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 260.99 points, a positive change of 0.63 percent, closing at 41,611.42 against 41,350.43 points on the last working day. A total of 635,590,113 shares were traded during the day compared to 593,437,368 shares the previous day, whereas… Continue reading PSX continues with bullish trend, gains 260 points

Demonstrations held in AJK against Indian Home Minister’s IIOJK visit

ISLAMABAD, Oct 5 (APP):People in a large number took to the streets in different areas of Azad Jammu and Kashmir (AJ&K) to protest against the ongoing visit of Indian Home Minister to the Indian Illegally Occupied Jammu and Kashmir (IIOJK). Indian Home Minister, Amit Shah who landed in Jammu on Monday is on three-day visit… Continue reading Demonstrations held in AJK against Indian Home Minister’s IIOJK visit

Author: Muhammad Ashraf Wani