ISLAMABAD, Mar 1 (APP): The Consumer Price Index (CPI) based monthly inflation increased by 12.24% on year-on-year (YoY) basis during the month of February 2022 against the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Saturday. According to PBS data, the average inflation rate during the period from July to February (2021-22)… Continue reading CPI inflation up by 12.24% in February
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.
Fiscal deficit contained at 2.1pc, primary balance remains in surplus
“Fiscal deficit is contained at 2.1 percent of GDP during the H1 of current fiscal year. The primary balance, on the other hand, remained in surplus of Rs 81.1 billion during July-December FY2022, compared to Rs 337.2 billion in the previous year,” says monthly Economic Update and Outlook for February 2022. It says, despite significant… Continue reading Fiscal deficit contained at 2.1pc, primary balance remains in surplus
Finance Ministry announces Rs10/ltr reduction in petrol prices
ISLAMABAD, FEB 28 (APP): Despite a considerable price hike in international petroleum products, the government on Monday announced reduction of Rs10 in per liter petrol, effective from March 1st, Finance Ministry said in a statement issued here. According to the statement, petrol would be sold at Rs149.86 per liter as compared to Rs159.86. Likewise, the… Continue reading Finance Ministry announces Rs10/ltr reduction in petrol prices
Finance Ministry announces Rs10/ltr reduction in petrol prices
ISLAMABAD, FEB 28 (APP): Despite a considerable price hike in international petroleum products, the government on Monday announced reduction of Rs10 in per liter petrol, effective from March 1st, Finance Ministry said in a statement issued here. According to the statement, petrol would be sold at Rs149.86 per liter as compared to Rs159.86. Likewise, the… Continue reading Finance Ministry announces Rs10/ltr reduction in petrol prices
FBR collects Rs 3,799 bln revenues in 8 months, exceeds target by Rs268bln
ISLAMABAD, FEB 28 (APP): The Federal Board of Revenue (FBR) collected net revenues of Rs 3,799 billion during the first eight months of the current fiscal year (2021-22), exceeding the target set for the period by Rs 268 billion. This represents a growth of about 30.3% over the collection of Rs. 2,916 billion during July-February… Continue reading FBR collects Rs 3,799 bln revenues in 8 months, exceeds target by Rs268bln
PSX gains 476 points to close at 444,61 points
ISLAMABAD, Feb 28 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 476.77 points, with a positive change of 1.08 percent, closing at 444,61.01 points against 43,984.24 points on the last working day. A total of 208,122,492 shares were traded during the day compared to the trade of… Continue reading PSX gains 476 points to close at 444,61 points
Pak-Afghan transit trade, pedestrian traffic increase: M.Sadiq
ISLAMABAD, Feb 28 (APP): The transit trade and pedestrian traffic across Pakistan- Afghanistan at Turkham border has witnessed an increase the previous day, Special Representative of Pakistan to Afghanistan, Muhammad Sadiq Khan said Monday. Khan tweeted that more than 22,665 citizens and 1,585 trucks crossed the border from different points including Torkham, Kharlachi, Gulam Khan,… Continue reading Pak-Afghan transit trade, pedestrian traffic increase: M.Sadiq
UNDP extends support for Ehsas, KPP for sustainable development
During a meeting with Federal Minister for Finance and Revenue, Shaukat Tarin Knut Ostby appreciated and supported the efforts of the government for bringing improvement in social and economic sectors. Assistant Resident Representative UNDP, Ms. Ammara Durrani; Technical Advisor UNDP on Financing for Development, Haroon Sharif, Senior; Policy Analyst UNDP, Umer Akhlaq Malik and other… Continue reading UNDP extends support for Ehsas, KPP for sustainable development
PSX gains 153 points to close at 43,984 points
Islamabad, Feb 25 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 153.73 points, with a positive change of 0.35 percent, closing at 43,984.24 points against 43,830.51 points on the last working day. A total of 241,639,931 shares were traded during the day compared to the trade of… Continue reading PSX gains 153 points to close at 43,984 points
Price of onions, eggs, potatoes, other food items go down
ISLAMABAD, Feb 25 (APP): The prices of various food items went down during the week ending on February 24 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday. According to the data, the food commodities that witnessed decrease in prices on… Continue reading Price of onions, eggs, potatoes, other food items go down
ECC allows regulatory cover to barter trade with Afghanistan, Iran
ISLAMABAD, FEB 24 (APP): The Economic Coordination Committee (ECC) of the cabinet here on Thursday allowed regulatory cover to barter trade arrangements with Afghanistan and Iran by amending relevant provisions of Export Policy Order (EPO) 2020 and Import Policy Order (IPO) 2020. The summary for granting regulatory support for establishing barter trade arrangements with the… Continue reading ECC allows regulatory cover to barter trade with Afghanistan, Iran
Pakistan to catch up $ 9.1 bln e-commerce market by 2025: Aon Abbas
ISLAMABAD, Feb 24 (APP): Special Assistant to Prime Minister on E-Commerce, Senator Aon Abbas Buppi said Thursday that the country’s e-commerce trade would be enhanced up to $9.1 billion by 2025. In an exclusive talk with APP, he said, Pakistan was an emerging e-commerce market and had the potential to excel in the regional market… Continue reading Pakistan to catch up $ 9.1 bln e-commerce market by 2025: Aon Abbas
Gold imports up by 147% to $11 million in seven months
ISLAMABAD, Feb 24 (APP): The gold imports increased by 147.88 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports during July-January (2021-22) were recorded at $11.732 million as compared to the imports of $4.733 million… Continue reading Gold imports up by 147% to $11 million in seven months
Food security ministry directed to make strategy for enhancing potato exports
ISLAMABAD, Feb 23 (APP): Keeping in view the bumper crop prospects, the Federal Minister for Finance and Revenue, Shaukat Tarin here on Wednesday directed the Ministry of National Food Security and Research (NFS&R) to make strategy for increasing the exports potatoes. Presiding over the meeting of National Price Monitoring Committee (NPMC), minister also directed the… Continue reading Food security ministry directed to make strategy for enhancing potato exports
PSX turns around, gains 120 points to close at 45,132 points
ISLAMABAD, Feb 23 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Wednesday and witnessed bullish trend, gaining 120.74 points, with a positive change of 0.27 percent, closing at 45,132.92 points against 45,012.18 points on the last working day. A total of 186,355,677 shares were traded during the day compared to… Continue reading PSX turns around, gains 120 points to close at 45,132 points
Seafood exports increase by 5.08% in 7 months
ISLAMABAD, Feb 23 (APP): The exports of fish and fish preparations increased by 5.08 per cent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The seafood exports during July-January (2021-22) were recorded at $231.584 million against the exports of $220.396 million in July-January (2020-21),… Continue reading Seafood exports increase by 5.08% in 7 months
Kunan, Poshpora tragedy planned to keep Kashmiri women away from freedom struggle: Naqash
ISLAMABAD, Feb 22 (APP): Hurriyat Conference leader Mohammad Yousuf Nakash said Tuesday that Kunan Poshpora mass rape was a well-planned conspiracy hatched by Indian authorities to keep Kashmiri women away from the freedom struggle. In a statement in Srinagar, Naqash described Kunan Poshpora as an unforgettable tragedy, showing ruthlessness of Indian occupation forces against Kashmiri… Continue reading Kunan, Poshpora tragedy planned to keep Kashmiri women away from freedom struggle: Naqash
Libya aims at promoting B2B relations with Pakistan
ISLAMABAD, Feb 22 (APP): Charge de Affaires, Embassy of Libya, Omar B. A. Abdulkarim, Tuesday said that Libyan government was aiming at enhancing bilateral relations especially between businessmen of both the countries. Libyan Charge de Affaires was talking to Federal Minister for Finance and Revenue, Shaukat Tarin during a call on meeting, according to press… Continue reading Libya aims at promoting B2B relations with Pakistan
PSX turns around, gains 234 points to close at 45,675 points
ISLAMABAD, Feb 18 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Friday and witnessed bullish trend, gaining 234.7 points, with a positive change of 0.52 percent, closing at 45,675.87 points against 45,441.10 points on the last working day. A total of 194,053,663 shares were traded during the day compared to… Continue reading PSX turns around, gains 234 points to close at 45,675 points
Food group exports up by 20.87%, reached to $2.952 bln in 7 months
ISLAMABAD, Feb 17 (APP): Food group exports from the country during 07 months of current financial year increased by 20.87% as compared to the exports of the corresponding period of last year. During the period from July-January, 2021-22 different food commodities worth $2.952 billion exported as against the exports of $2.444 billion of same period… Continue reading Food group exports up by 20.87%, reached to $2.952 bln in 7 months
