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.

Qatar to invest in country’s energy, trade, other sectors

ISLAMABAD, Oct 4 (APP):The Ambassador of the State of Qatar, Sheikh Sauod bin Abdulrahman bin Faisal Al-Thani, here on Tuesday expressed his government’s intention to invest in various sectors of Pakistan economy, especially in energy, trade and businesses. The investment would help further strengthening the bilateral economic ties between both of the countries, the ambassador… Continue reading Qatar to invest in country’s energy, trade, other sectors

PSX witnesses bullish trend, gains 83 points

ISLAMABAD, OCT 03 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 83.03 points, a positive change of 0.20 percent, closing at 41,211.70 against 41,128.67 points on the last working day. A total of 185,369,288 shares were traded during the day compared to 205,699,969 shares the previous day, whereas… Continue reading PSX witnesses bullish trend, gains 83 points

Fiscal deficit contained at 0.3% of GDP

ISLAMABAD, OCT 3 (APP): The fiscal deficit during the first month of the current fiscal year (FY2022-23) has been contained at 0.3 percent against the deficit of 0.4 percent recorded during same month of last year, according to latest report of finance ministry. The primary balance during July FY2023 posted a surplus of Rs 142… Continue reading Fiscal deficit contained at 0.3% of GDP

Dar appreciates refinancing of syndicate facility of $2.24bln by China

ISLAMABAD, Sep 30 (APP): Finance Minister, Ishaq Dar on Friday appreciated the support extended by the Chinese leadership in refinancing of syndicate facility of RMB 15 billion ( US$ 2.24 billion) to Pakistan. During a meeting with Ambassador of the People’s Republic of China, Nong Rong, who called him, the finance minister further sought ambassador’s… Continue reading Dar appreciates refinancing of syndicate facility of $2.24bln by China

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ECC approves transfer price on imported urea at Rs2150 per bag

The Economic Coordination Committee (ECC) of the cabinet here on Friday approved the Dealer Transfer Price (DTP) of 50 kg imported Urea bag at Rs. 2150/bag. The committee also approved incidental charges at Rs. 620.47/bag with sharing subsidy on imported Urea at 50:50 basis with provinces. Finance Minister Senator Mohammad Ishaq Dar presided over the… Continue reading ECC approves transfer price on imported urea at Rs2150 per bag

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PSX witnesses bullish trend, gains 114 points

ISLAMABAD, Sep 30 (APP): The 100-index of the Pakistan Stock Exchange (PSX) turned around Friday to bullish trend, gaining 114.81 points, a positive change of 0.28 percent, closing at 41,128.67 against 41,013.86 points on the last working day. A total of 205,699,969 shares were traded during the day compared to 127,449,289 shares the previous day,… Continue reading PSX witnesses bullish trend, gains 114 points

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Int’l inflation, floods minimize economic outlook for FY2023

ISLAMABAD, SEP 30 (APP): In the backdrop of international price-hike and recent exceptional floods, the economic outlook for Pakistan in the current fiscal year (2022-23) is likely to remain below the target, says ‘Economic Update and Outlook for September 2022’ released by finance ministry here Friday. “The economic outlook for Pakistan in the current fiscal… Continue reading Int’l inflation, floods minimize economic outlook for FY2023

PSX wins best Islamic Stock Exchange award for 2nd Year

ISLAMABAD, Sep 29 (APP):The Pakistan Stock Exchange (PSX) has won the Best Islamic Stock Exchange Award 2022, presented by Global Islamic Finance Awards (GIFA), for the second consecutive year. GIFA is an internationally acclaimed platform recognizing excellence in banking and finance in the Islamic world. Since 2011, the Awards have been presented to individuals, institutions… Continue reading PSX wins best Islamic Stock Exchange award for 2nd Year

Seafood exports jump 52 % to $37.9 million in 2 months

ISLAMABAD, SEP 29 (APP): The exports of fish and fish preparations increased by 52.07 percent during the first two months of the current fiscal year as compared to the corresponding period of last year. The seafood exports during July-August (2022-23) were recorded at US $37.941 million against the exports of US $24.949 million in July-August… Continue reading Seafood exports jump 52 % to $37.9 million in 2 months

Dar vows revival of critically-damaged economy

ISLAMABAD, Sep 28 (APP): Federal Minister for Finance and Revenue, Senator Muhammad Ishaq Dar said Wednesday that his government would try its best to revive economy, which has been critically damaged during Pakistan Tehreek-i-Insaf government’s tenure of quarter to four years. Talking to media, after taking oath as Finance Minister, he said regaining the deserving… Continue reading Dar vows revival of critically-damaged economy

PSX stays bullish, gains of 366 points

ISLAMABAD, Sep 27 (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 366.69 points, a positive change of 0.89 percent, closing at 41,518.23 against 41,151.54 points on the last working day. A total of 230,658,574 shares were traded during the day compared to 213,024,435 shares the previous day,… Continue reading PSX stays bullish, gains of 366 points

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Essential items’ prices ease as weekly inflation plunges down 8.11%

ISLAMABAD, Sep 23 (APP): The prices of essential commodities witnessed a considerable decrease as the Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 22 for the combined consumption group witnessed a sharp decline of 8.11 percent as compared to the previous week. The SPI for the week under review in… Continue reading Essential items’ prices ease as weekly inflation plunges down 8.11%

ADB approves $100 mln to improve secondary healthcare in KPK

ISLAMABAD, Sep 22 (APP):The Asian Development Bank (ADB) has approved a $100 million results-based loan to help strengthen the quality of secondary health care in Khyber Pakhtunkhwa province in Pakistan. The program will help improve the delivery of health services at secondary hospitals by modernizing infrastructure and equipment; ensuring clinical protocols, standards, and guidelines are… Continue reading ADB approves $100 mln to improve secondary healthcare in KPK

Economy to slow to 3.5% in FY2023 amid strong climate headwinds, says ADB

ISLAMABAD, Sep 21 (APP): Pakistan’s economy is forecast to slow to 3.5 percent in fiscal year 2023 amid devastating floods, policy tightening, and critical efforts to tackle sizable fiscal and external imbalances, the Asian Development Bank (ADB) said in a report released Wednesday. The slowdown in FY 2023 (ending on June 30, 2023) has been… Continue reading Economy to slow to 3.5% in FY2023 amid strong climate headwinds, says ADB

Tea imports decline by 10.86 pc to $91.9 million in two months

ISLAMABAD, Sep 20 (APP):The tea imports witnessed a decrease of 10.86 percent during the first two months of the current fiscal year as compared to the corresponding month of last year. The tea imports during July-August (2022-23) were recorded at $91.914 million against the imports of $103.116 million during July-August (2021-22), according to data of… Continue reading Tea imports decline by 10.86 pc to $91.9 million in two months

ADB provides quick relief package to help flood-victims

ISLAMABAD, Sep 20 (APP):The Asian Development Bank (ADB) has been working quickly to provide a significant package of relief and rehabilitation to the flood-affected people, the bank said in a tweet Tuesday. The package is designed to support people, livelihoods, and infrastructure immediately and in the long-term, it said. On short and medium-term basis, the… Continue reading ADB provides quick relief package to help flood-victims

Exports increase by 40.53 per cent to Rs.1.043 trillion in 2 months

ISLAMABAD, Sep 19 (APP): The exports from the country in rupee term witnessed an increase of 40.53 per cent during the first two months of current fiscal year (2022-23) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July-August (2022-23) were recorded at Rs. 1,043,046 million… Continue reading Exports increase by 40.53 per cent to Rs.1.043 trillion in 2 months

Religious intolerance, India stoops to new low after arresting Islamic scholars

ISLAMABAD, Sep 17 (APP): Only days ahead of the UNGA summit, that will  also deliberate  on Human Rights abuses, India stoops to a new low by arresting prominent Kashmiri religious leaders to stifle their voices and pave way for forcible implementation of Hindutva agenda. The Indian authorities since Thursday arrested several prominent Islamic scholars including… Continue reading Religious intolerance, India stoops to new low after arresting Islamic scholars

Kitchen items’ prices ease as weekly inflation falls by 0.19%

ISLAMABAD, Sep 16 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 15 for the combined consumption group, witnessed a decrease of 0.19 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 221.14 points against 221.55… Continue reading Kitchen items’ prices ease as weekly inflation falls by 0.19%

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