Textile exports earn $8.283 billion for Pakistan in 1st half

ISLAMABAD, Jan 19 (APP):Pakistan earned $ 8,283,261 million from exports of textile products during the first half of the current financial year (2023-24), the Pakistan Bureau of Statistics (PBS) reported here Friday. The exports of the product however witnessed a decline of 4.97 percent during July-December (2023-24) when compared to the exports of $ 8,716,437… Continue reading Textile exports earn $8.283 billion for Pakistan in 1st half

Finance Minister lauds digital transformation efforts

ISLAMABAD, Jan 18 (APP): Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamsad Akhtar, here on Thursday commended the initiatives undertaken by the Bill and Melinda Gates Foundation and Karandaaz for digital transformation of Pakistan. Speaking at the ‘Pakistan Digital Stack’ Workshop here, the minister Akhtar said the creation of Digital Stack by… Continue reading Finance Minister lauds digital transformation efforts

Large industry grows 1.59 percent in November

ISLAMABAD, Jan 16 (APP):The production of Large Scale Manufacturing Industries (LSMI) increased by 1.59 percent on Year-on-Year (YoY) basis during the month of November 2024 compared to the output of the same month of last year, Pakistan Bureau of Statistics (PBS) reported. On Month-on-Month (MoM) basis, the large industry grew by 3.63 percent in November… Continue reading Large industry grows 1.59 percent in November

ADB’s food security forum scheduled in April to tackle escalating food crisis

ISLAMABAD, Jan 15 (APP):The Asia and the Pacific Food Security Forum 2024 is set to take center stage from April 8 to 12, 2024, in Manila, Philippines to discuss actions for easing a worsening food crisis in the region. This pivotal event, announced by the Asian Development Bank (ADB), aims to facilitate discussions on immediate… Continue reading ADB’s food security forum scheduled in April to tackle escalating food crisis

PSX turns bullish, gains 697 points

ISLAMABAD, Jan 11 (APP): The 100-index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 697.72 points, a positive change of 1.09 percent, closing at 64,617.57 points against 63,919.85 points the previous trading day. A total of 586,548,829 shares valuing Rs.17.024 billion were traded during the day as compared to 636,168,115… Continue reading PSX turns bullish, gains 697 points

Pakistan earns $2.98 billion from export of services

ISLAMABAD, Jan 8 (APP):Pakistan earned $2,986.26 million by exporting various services from July to November of the current fiscal years, Pakistan Bureau of Statistics (PBS) reported. The export of services during the same period of last year was recorded at $3,089.23 million, showing a decline of 3.33 percent during the first five months of the… Continue reading Pakistan earns $2.98 billion from export of services

UN urged to fulfill long-promised right to self-determination

ISLAMABAD, Jan 4 (APP):Senior leader of the All Parties Hurriyat Conference (APHC) and Chairman of the Islamic Political Party, Muhammad Yousuf Naqash Thursday called upon the United Nations (UN) to uphold its commitment to the right of self-determination for Kashmiris. Highlighting the persistent oppressive actions by India, Naqash, in a statement received here Thursday on… Continue reading UN urged to fulfill long-promised right to self-determination

Fiscal deficit curtailed at 0.8% of GDP, primary surplus improves

ISLAMABAD, Jan 3 (APP): Owing to consolidated measures implemented by the government, the fiscal deficit has been curtailed to 0.8 percent of GDP during the first four months of the current fiscal year, according to latest report of the finance ministry. “Fiscal side highlights the successful implementation of consolidation measures in the first four months… Continue reading Fiscal deficit curtailed at 0.8% of GDP, primary surplus improves

248 people killed in IIOJ&K during last year: LFK report

ISLAMABAD, Jan 01 (APP): A total of 248 people had been killed in multiple incidents of violence across Indian Illegally Occupied Jammu and Kashmir (IIOJK) by the Indian forces, according to an annual review report titled ‘Human Rights Situation in IIOJK released by Legal Forum for Kashmir (LFK). The armed action of India’s occupying forces… Continue reading 248 people killed in IIOJ&K during last year: LFK report

PSX witnesses bullish trend, gains 2,210 points

ISLAMABAD, Jan 1 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 2,210.74 points, a positive change of 3.54 percent, closing at 64,661.78 points against 62,451.04 points the previous trading day. A total of 625,147,050 shares valuing Rs.18.525 billion were traded during the day as compared to 590,592,624 shares valuing… Continue reading PSX witnesses bullish trend, gains 2,210 points

Govt keeps petrol prices unchanged

ISLAMABAD, Dec 31 (APP): The government on Sunday decided to keep the prices of petroleum products unchanged for next fortnight, finance ministry said in a statement issue here. “The government has decided to maintain the current prices of Petrol and High Speed Diesel (HSD) during the fortnight starting from 1st January, 2024, as recommended by… Continue reading Govt keeps petrol prices unchanged

ECC directs NPMC to check hoarding, ensure price stability

ISLAMABAD, Dec 28 (APP): |The Economic Coordination Committee (ECC) of the Cabinet, here Thursday directed National Price Monitoring Committee (NPMC) to continue regular coordination with the provincial governments for measures to ensure price stability and to check hoarding and profiteering. The meeting of the cabinet committee was presided over by Caretaker Federal Minister for Finance,… Continue reading ECC directs NPMC to check hoarding, ensure price stability

PSX stays bullish, gains 1,188 points

ISLAMABAD, Dec 28 (APP): The 100-index of Pakistan Stock Exchange (PSX) on Thursday continued with bullish trend, gaining 1,188.61 points, a positive change of 1.95 percent, closing at 62,052.24 points against 60,863.62 points the previous trading day. A total of 676,243,466 shares valuing Rs.20.278 billion were traded during the day as compared to 669,356,605 shares… Continue reading PSX stays bullish, gains 1,188 points

APHC condemns banning of Muslim League Jammu Kashmir

ISLAMABAD, Dec 27 (APP): The All Parties Hurriyat Conference (APHC) Azad Kashmir Chapter Secretary General and Convener Muslim League Jammu and Kashmir, Sheikh Abdul Mateen, here on Wednesday, strongly condemned the banning of the Jammu and Kashmir Muslim League led by Masarat Alam Bhat. “Banning a political organization by leveling false and baseless allegations is… Continue reading APHC condemns banning of Muslim League Jammu Kashmir

PSX turns around to bullish trend, gains 1,692 points

ISLAMABAD, Dec 27 (APP): The 100-index of Pakistan Stock Exchange (PSX) on Wednesday turned around to bullish trend, gaining 1,692.64 points, a positive change of 2.86 percent, closing at 60,863.62 points against 59,170.98 points the previous trading day. A total of 669,356,605 shares valuing Rs.16.115 billion were traded during the day as compared to 670,859,618… Continue reading PSX turns around to bullish trend, gains 1,692 points

Pakistan exports seafood worth $161.8 mln in 5 months

ISLAMABAD, Dec 27 (APP):Pakistan earned $161.896 million by exporting 72,515 metric tonnes of fish and fish preparations during the first five months of the current fiscal year, Pakistan Bureau of Statistics (PBS) reported. AS compared to the exports of $185.802 million during July-November (2022-23), the fish exports during the July-November (2023-23) witnessed declined of 12.87… Continue reading Pakistan exports seafood worth $161.8 mln in 5 months

Foods exports surge by 37.12% to $2.64 billion in 5 months

ISLAMABAD, Dec 26 (APP):The food exports from Pakistan increased by 37.12 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Food exports during July-November (2023-24) were recorded at $2,640.905 million as compared to the exports of $1,925.969 million… Continue reading Foods exports surge by 37.12% to $2.64 billion in 5 months

Gold rates decline by Rs.500 to Rs.219,300 per tola

ISLAMABAD, Dec 23 (APP): The per tola price of 24 karat gold decreased by Rs.500 and was sold at Rs.219,300 on Saturday compared to its sale at Rs.219,800 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.429 to Rs.188,014 from Rs.188,443 whereas the prices of 10 gram… Continue reading Gold rates decline by Rs.500 to Rs.219,300 per tola

Finance ministry denies delay in fund release for salaries, projects

ISLAMABAD, Dec 23 (APP): The Finance Ministry here on Saturday categorically refuted as baseless the news item aired by a private news channel regarding supposed delay in releasing funds for development projects and salaries. In a rebuttal statement, Spokesperson of the ministry said, a particular news item on a private news channel regarding any delay… Continue reading Finance ministry denies delay in fund release for salaries, projects

Pakistan’s textile exports reach $6.88 billion in 5 months

ISLAMABAD, Dec 22 (APP):Pakistan exported textile products worth $6,883.615 million during the initial five months of the current financial year (2023-24), the Pakistan Bureau of Statistics (PBS) reported. The exports of the product however witnessed a decline of 6.50 percent during July-November (2023-24) when compared to the exports of $7,361,914 million during July-November (2022-23). The… Continue reading Pakistan’s textile exports reach $6.88 billion in 5 months

Author: Muhammad Ashraf Wani