PSX turns around to bullish trend, gains 245 points

ISLAMABAD, Dec 21 (APP):The 100-index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 245.56 points, a positive change of 0.39 percent, closing at 62,693.57 points against 62,448.01 points the previous trading day. A total of 812,383,481 shares valuing Rs.16.687 billion were traded during the day as compared to 1,187,368,881 shares… Continue reading PSX turns around to bullish trend, gains 245 points

EXIM Pakistan launched to catalyze global trade

ISLAMABAD, Dec 21 (APP):Caretaker Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar here on Thursday formally launched the Pakistan’s Export-Import Bank (EXIM), marking a significant stride towards fortifying external trade, attracting investments and propelling broader economic growth in the country. “EXIM’s operationalization is a proud moment and a major milestone for us today.… Continue reading EXIM Pakistan launched to catalyze global trade

Current Account Deficit declines to $1.6bln in 5 months: SBP

The Current Account Deficit (CAD) has significantly slid down to $1.16 billion during the first five months of current fiscal year as compared to the deficit of $3.26 billion during the same period of last year, State Bank of Pakistan (SBP reported Monday. “Current Account Deficit improved significantly to $1.16 billion in July-November FY24, from… Continue reading Current Account Deficit declines to $1.6bln in 5 months: SBP

Govt slashes petrol prices by Rs.14

ISLAMABAD, Dec 15 (APP): The government here on Friday reduced prices of all petroleum products, including petrol by Rs.14.00 per liter, bringing it down to Rs.267.34 from Rs. 281.34. “Government has decided to revise the prices of petroleum products for the fortnight starting 16 December 2023 as recommended by the Oil and Gas Regulatory Authority… Continue reading Govt slashes petrol prices by Rs.14

PSX stays bullish, gains 679 more points

ISLAMABAD, Dec 15 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 679.83 more points, a positive change of 1.04 percent, closing at 66,130.02 points against 65,450.19 points the previous trading day. A total of 1,741,361,884 shares valuing Rs.29.976 billion were traded during the day as compared to 981,194,616… Continue reading PSX stays bullish, gains 679 more points

ECC allows signing of mediation agreements between K-Electric and government entities

ISLAMABAD, Dec 15 (APP):The Economic Coordination Committee (ECC) of the cabinet here on Friday decided to approve the proposal of Power Division for signing of the draft PPAA, ICA, TDA & Mediation Agreements between K-Electric and government entities. According to press statement issued by the finance ministry, Federal Minister for Finance, Revenue, and Economic Affairs,… Continue reading ECC allows signing of mediation agreements between K-Electric and government entities

Weekly inflation falls slightly by 0.06 %

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ISLAMABAD, Dec 15 (APP):The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a slight decrease of 0.06 percent for the combined consumption groups during the week ended on December 14, the Pakistan Bureau of Statistics (PBS) reported on Friday. The SPI for the week under review in the above-mentioned group was recorded at… Continue reading Weekly inflation falls slightly by 0.06 %

Pakistan, France agree to further boost economic relations

ISLAMABAD, Dec 14 (APP):Pakistan and France agreed here on Thursday to further enhance economic relations, explore investment opportunities, and increase bilateral trade between the two countries. According to press statement issued by finance ministry Ambassador of France to Pakistan, Nicolas Galey called on Caretaker Federal Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar… Continue reading Pakistan, France agree to further boost economic relations

Govt taking measures to improve capital market, insurance industry

ISLAMABAD, Dec 14 (APP): Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar said here on Thursday that the government was paying attention to improve capital market, insurance industry, investment finance, export oriented growth and was establishing special economic zones to boost exports. The minister was talking to Regional Vice President of… Continue reading Govt taking measures to improve capital market, insurance industry

Caretaker setup wants to handover stable economy to elected govt: Shamshad

ISLAMABAD, Dec 13 (APP):Caretaker Federal Minister for Finance, Revenue, and Economic Affairs Dr. Shamshad Akhtar on Wednesday said that the caretaker government would like to hand over a stable economy to the incoming political government, which could continue the economic policies for the ultimate good of the people. She was talking to German Ambassador Alfred… Continue reading Caretaker setup wants to handover stable economy to elected govt: Shamshad

ECC directs for ensuring fertilizer availability at notified rates

ISLAMABAD, Dec 13 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Wednesday directed the relevant Ministries to work with provinces to ensure availability of fertilizer to farmers at notified rates. The ministries were also directed that strict actions be taken against the fertilizer dealers over charging the farmers beyond the prescribed price,… Continue reading ECC directs for ensuring fertilizer availability at notified rates

Pakistan expects raising $4.5bln this year: Shamshad Akhtar

ISLAMABAD, Dec 13 (APP): Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar said Pakistan anticipates raising approximately $4.5 billion from multilateral and bilateral sources, excluding the International Monetary Fund (IMF) in the current fiscal year (2023-24). In an interview with official flagship Journal of ICMA International, the minister saidfor the second… Continue reading Pakistan expects raising $4.5bln this year: Shamshad Akhtar

PSX witnesses bullish trend, gains 414 points

ISLAMABAD, Dec 12 (APP): The 100-index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 414.46 points, a positive change of 0.63 percent, closing at 66,426.78 points against 66,012.33 points the previous trading day. A total of 969,630,378 shares valuing Rs.26.931 billion were traded during the day as compared to 1,215,932,469… Continue reading PSX witnesses bullish trend, gains 414 points

Indian SC verdict on IIOJ&K biased, has no legal standing: Experts

By: Muhammad Ashraf ISLAMABAD, Dec 12 (APP):The recent affirmation by the Indian Supreme Court regarding the abrogation of the special constitutional status of Indian Illegally Occupied Jammu and Kashmir (IIOJ&K) has sparked fervent criticism from legal experts and global observers, who term it biased and politically motivated. The experts see the 476-page biased judgment of… Continue reading Indian SC verdict on IIOJ&K biased, has no legal standing: Experts

First Ijarah Sukuk Auction at PSX results in resounding success

ISLAMABAD, Dec 12 (APP):The first primary market auction of the government of Pakistan one-year Ijarah Sukuk at Pakistan Stock Exchange (PSX) has resulted in a resounding success, the exchange said in a statement received here Tuesday. This is for the first time in Pakistan’s history that an auction of a Government Debt Security (GDS) took… Continue reading First Ijarah Sukuk Auction at PSX results in resounding success

ADB approves $155 mln to help boost Pakistan women’s access to finance

ISLAMABAD, Dec 11 (APP):The Asian Development Bank (ADB) has approved $155.5 million in financing for Pakistan that will support policy reforms enhancing women’s access to finance and provide credit to women-led micro, small, and medium-sized enterprises. The financing comprises a $100 million policy-based loan that supports legal and regulatory reforms that will help women to… Continue reading ADB approves $155 mln to help boost Pakistan women’s access to finance

Gold rates decline by Rs.3,000 to Rs.215,600 per tola

ISLAMABAD, Dec 09 (APP): The per tola price of 24 karat gold decreased by Rs.3,000 and was sold at Rs.215,600 on Saturday compared to its sale at Rs.218,600 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.2,572 to Rs.184,842 from Rs.187,414 whereas the prices of 10 gram… Continue reading Gold rates decline by Rs.3,000 to Rs.215,600 per tola

PSX stays bullish as index gains 1,505 more points to close at 66,223.63

ISLAMABAD, Dec 08 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 1,505.55 more points, a positive change of 2.33 percent, closing at 66,223.63 points against 64,718.08 points the previous trading day. A total of 1,329,550,091 shares valuing Rs.33.377 billion were traded during the day as compared to 1,316,526,260… Continue reading PSX stays bullish as index gains 1,505 more points to close at 66,223.63

PSX gains 800 more points to close at 64,718.08

ISLAMABAD, Dec 07 (APP): The 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend on Thursday, gaining 800.35 more points, a positive change of 1.25 percent, closing at 64,718.08 points against 63,917.72 points the previous trading day. A total of 1,316,526,260 shares valuing Rs 37.179 billion were traded during the day as compared to 984,813,834… Continue reading PSX gains 800 more points to close at 64,718.08

Fiscal deficit reduced to 0.9%, primary balance stays positive

ISLAMABAD, Dec 7 (APP):Owing to healthy growth in revenues, the fiscal deficit during the first quarter (Q1) of the current fiscal (2023-24) declined to 0.9 percent of Gross Domestic Product (GDP) compared to one percent shortfall during the same period of last year. “On the fiscal front, healthy growth in revenues outpaced the growth in… Continue reading Fiscal deficit reduced to 0.9%, primary balance stays positive

Author: Muhammad Ashraf Wani