Four CPEC SEZs to create 1.47 million jobs, boost industrialist growth

ISLAMABAD, May 17 (APP): The four Special Economic Zones (SEZs), work on which is continuing at full swing, would create as many as 1.47 million jobs besides playing an important role in promoting local industry to lead the country towards sustainable economic growth. “The four SEZs including Rashakai M-1 Nowshera; Dhabeji Thatta; Allama Iqbal Industrial… Continue reading Four CPEC SEZs to create 1.47 million jobs, boost industrialist growth

Exports to Japan mount to $ 86.4 million, says Razak Dawood

ISLAMABAD, May 4 (APP):Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Tuesday said that the country’s exports to Japan reached at $ 86.4 million in the third quarter of current FY 2021-20. “We are pleased to share that our exports to Japan grew by 47 percent in 3rd Quarter of current… Continue reading Exports to Japan mount to $ 86.4 million, says Razak Dawood

Third wave of Covid-19 poses challenge to growing economy of Pakistan

ISLAMABAD, May 4 (APP):Owing to timely and prudent policies of the government, the country’s economy has been showing signs of recovery, with construction and manufacturing sectors in lead, however the economic revival had once again been pitched against the stronger than ever third wave of COVID-19, official sources said. The economy had registered positive signs… Continue reading Third wave of Covid-19 poses challenge to growing economy of Pakistan

Bulls return as PSX gains 487 points, closes at 44,563 points

ISLAMABAD, May 4 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around Tuesday and witnessed bullish trend, gaining 487.39 points, with positive change of 1.11 per cent, closing at 44,563.59 points against 44,076.20 points on the last working day. A total of 221,502,765 shares were traded during the day compared to the… Continue reading Bulls return as PSX gains 487 points, closes at 44,563 points

PSX loses 186 points, closes at 44,076 points

The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 186.15 points, with negative change of 0.42 per cent, closing at 44,076.20 points against 44,262.35 points on the last working day. A total of 238,440,085 shares were traded during the day compared to the trade of 293,746,179 shares the previous… Continue reading PSX loses 186 points, closes at 44,076 points

Shifting Kashmiri prisoners to Coronovirus-hit Haryana state an inhuman act: Naqash

ISLAMABAD, May 03 (APP): Strongly condemning the shifting of Kashmiri prisoners to the jail of Haryana state of India, the hub of Covid-19 pandemic, the Islamic Political Party Jammu and Kashmir (IPPJ&K)Chairman, Mohammad Yousuf Naqash Monday termed this revengeful act as most inhuman. “It is very unfortunate that the lives of these Kashmiri prisoners are… Continue reading Shifting Kashmiri prisoners to Coronovirus-hit Haryana state an inhuman act: Naqash

ECC approves release of RLNG subsidy for export-oriented industry

ISLAMABAD, Apr 28 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved Power Division regarding the releases of subsidy for the supply of 100 percent RLNG to export oriented industry for the month of March 2020. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Economic Coordination… Continue reading ECC approves release of RLNG subsidy for export-oriented industry

Fiscal deficit contained at 3.5 pc in 8 months

ISLAMABAD, Apr 28 (APP): Owing to the government’s efforts, the fiscal deficit during the first eight months (July-February) of the current fiscal year has been contained at 3.5 percent of the Gross Domestic Product (GDP).“Despite higher mark-up payments and COVID-related expenditures, the fiscal sector continues to perform better as a result of the government’s efforts… Continue reading Fiscal deficit contained at 3.5 pc in 8 months

ADB predicts 2% growth in FY21, 4% by FY22

ISLAMABAD, Apr 28 (APP):Pakistan’s economic growth is expected to rebound this year before gaining pace in 2022 as business activity gradually resumes after the coronavirus disease (COVID-19) pandemic, the Asian Development Bank (ADB) said. According to the Asian Development Outlook (ADO) 2021, ADB’s annual flagship economic publication, Pakistan’s economy will grow by two percent in… Continue reading ADB predicts 2% growth in FY21, 4% by FY22

Imported tea consumption goes up 15.64 pc in 3 quarters

ISLAMABAD, Apr 27 (APP): The consumption of imported tea witnessed an increase of 15.64 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year. The tea imports during July-March (2020-21) stood at $435.098 million against the imports of $376.244 million during July-March (2019-20), according to… Continue reading Imported tea consumption goes up 15.64 pc in 3 quarters

Bulls return, PSX gains 976 points, closes at 45,682 points

ISLAMABAD, Apr 26 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Monday turned around and witnessed bullish trend, gaining 976.01 points, with positive change of 2.18 per cent, closing at 45,682.77 points against 44,706.76 points on the last working day. A total of 409,086,956 shares were traded during the day compared to the… Continue reading Bulls return, PSX gains 976 points, closes at 45,682 points

Gold imports fall by 48.10 in 3 quarters

ISLAMABAD, Apr 26 (APP):The gold imports decreased by 48.10 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports into the country during July-March (2020-21) were recorded at $5.947 million as compared to the imports of… Continue reading Gold imports fall by 48.10 in 3 quarters

Pakistan earns $ 1298 mln from IT services’ export in 8 months

ISLAMABAD, Apr 26 (APP):Pakistan earned US $1298.080 million by providing different information technology (IT) services in various countries during the eight months of financial year 2020-21. This shows growth of 41.43 percent as compared to US $917.840 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics… Continue reading Pakistan earns $ 1298 mln from IT services’ export in 8 months

Oil import bill shrinks by 15.13% to $7.553 billion 3 quarters

ISLAMABAD, Apr 19 (APP): The country’s oil import bill witnessed reduction of 15.13 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth US $7553.912 million during July-March (2020-21) against the imports of $8900.622 million during July-March (2019-20), showing… Continue reading Oil import bill shrinks by 15.13% to $7.553 billion 3 quarters

Fiscal stimulus improves economy, strengthens recovery prospects

ISLAMABAD, Apr 14 (APP): The government’s fiscal stimulus has succeeded in improving economic as well as social outlook, strengthening the prospects of the country’s economic recovery as indicated by various indicators. “The expectations of economic recovery are strengthening on the basis of improvement in business confidence evident from industrial growth,” official sources said adding the… Continue reading Fiscal stimulus improves economy, strengthens recovery prospects

Services trade deficit shrinks 41.8 pc in 8 months

ISLAMABAD, APR 06 (APP): The country’s services trade deficit contracted by 41.8 percent during the first eight months of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-February (2020-21) was recorded at $1338.58 million against the deficit of $2299.87 million in July-February (2019-20), according… Continue reading Services trade deficit shrinks 41.8 pc in 8 months

Hammad for rationalized pay, pension system to ensure equity

ISLAMABAD, APRIL 6 (APP): Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar Tuesday underlined the importance of introducing rationalized pay and pension system to remove anomalies and ensure equity. The minister was talking to the Chairperson Pay and Pension Commission, Ms Nargis Sethi, who called on him here while Finance Secretary also… Continue reading Hammad for rationalized pay, pension system to ensure equity

Palm oil imports increase 34pc to $1.585 bln in 8 months

ISLAMABAD, Mar 24 (APP):The palm oil imports into the country increased by 34.03 percent during the first eight months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July-February (2020-21) were recorded at $1585.381 million against the imports of $1182.899 million during July-February (2019-20),… Continue reading Palm oil imports increase 34pc to $1.585 bln in 8 months

Pakistan’s exports to USA increase 11.86% to $3082 mln in 8 months

ISLAMABAD, Mar 24 (APP):Pakistan’s exports of goods and services to United State of America (USA) witnessed a surge of 11.86 percent during the eight months of financial year (2020-21) compared to the corresponding period last year. The overall exports to USA were recorded as US $ 3082.199 million during July-February (2020-21) against exports of US… Continue reading Pakistan’s exports to USA increase 11.86% to $3082 mln in 8 months

Oil import bill shrinks by 21.7% to $6.44bn in 8 months

The country’s oil import bill witnessed reduction of 21.70 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth $6445.601 million during July-February (2020-21) against the imports of $8232.294 million during July-February (2019-20), showing decline of 21.70 percent, according… Continue reading Oil import bill shrinks by 21.7% to $6.44bn in 8 months

Author: Ashraf Wani