Economy recovers, posts growth of 2.13% in Q1: NAC estimates

ISLAMABAD, Nov 28 (APP): The economy of the country witnessed recovery during the first quarter (Q1) of the fiscal year 2023-24 and posted a growth of 2.13 percent as compared to the increase of 0.96 percent during the same period of last financial year (2022-23), according to the latest estimates of National Accounts Committee (NAC).… Continue reading Economy recovers, posts growth of 2.13% in Q1: NAC estimates

PSX crosses another milestone, reaches to 60,730 points

ISLAMABAD, Nov 28 (APP):The 100-index of Pakistan Stock Exchange (PSX) crossed another milestone on Tuesday and reached to 60,730.26 points by gaining 918.92 more points, a positive change of 1.54 percent, PSX reported. A total of 779,671,060 shares valuing Rs 26.138 billion were traded during the day as compared to 657,580,760 shares valuing Rs 20.272… Continue reading PSX crosses another milestone, reaches to 60,730 points

ADB approves $180 mln for water supply improvement, solid waste management

ISLAMABAD, Nov 28 (APP): The Asian Development Bank (ADB) has approved a $180 million loan to improve water supply and solid waste management services in Rawalpindi and Bahawalpur cities of Punjab province. Expected to benefit as many as 1.5 million people, the Developing Resilient Environments and Advancing Municipal Services in Punjab Project will curtail excessive… Continue reading ADB approves $180 mln for water supply improvement, solid waste management

PSX gains 725 points to close at 59,811

ISLAMABAD, Nov 27 (APP): The 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 724.99 points, a positive change of 1.23 percent, closing at 59,811.34 points against 59,086.35 points the previous trading day. A total of 657,580,760 shares valuing Rs 20.272 billion were traded during the day as compared to 658,424,782 shares… Continue reading PSX gains 725 points to close at 59,811

Gold rates up by Rs.800 to Rs.216,500 per tola

ISLAMABAD, Nov 25 (APP): The per tola price of 24 karat gold increased by Rs.800 and was sold at Rs.216,500 on Saturday compared to its sale at Rs.215,700 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.686 to Rs.185,614 from Rs.184,928 whereas the prices of 10 gram… Continue reading Gold rates up by Rs.800 to Rs.216,500 per tola

PSX gains 186 more points to close at 59,086

ISLAMABAD, Nov 24 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 186.51 points, a positive change of 0.32 percent, closing at 59,086.35 points against 58,899.84 points the previous trading day. A total of 658,424,782 shares valuing Rs 22.015 billion were traded during the day as compared to 669,250,446… Continue reading PSX gains 186 more points to close at 59,086

ECC allows import of 200KMT urea for rabi season

ISLAMABAD, Nov 23 (APP): The Economic Coordination Committee (ECC) of the cabinet here on Thursday decided to allow import of 200 KMT urea fertilizer on G2G/tender basis to meet the demands during Rabi season. According to press statement issued by the finance ministry, the Caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad… Continue reading ECC allows import of 200KMT urea for rabi season

PSX continues with bullish trend, gains 701 more points

ISLAMABAD, Nov 23 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 701.08 points, a positive change of 1.20 percent, closing at 58,899.84 points against 58,198.76 points the previous trading day. A total of 669,250,446 shares valuing Rs 25.232 billion were traded during the day as compared to 596,217,827… Continue reading PSX continues with bullish trend, gains 701 more points

Gold imports decrease by 1.1% to $8.8 mln

ISLAMABAD, Nov 23 (APP):The imports of gold decreased by 1.11 percent during the first four 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 the July-October (2023-24) were recorded at $8.883 million as compared to the imports of $8.983… Continue reading Gold imports decrease by 1.1% to $8.8 mln

PSX continues with bullish trend, gains 827 points

ISLAMABAD, Nov 22 (APP):The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 827.17 points, a positive change of 1.44 percent, closing at 58,198.76 points against 57,371.59 points the previous trading day. A total of 596,217,827 shares valuing Rs22.054 billion were traded during the day as compared to 1,012,258,472 shares valuing… Continue reading PSX continues with bullish trend, gains 827 points

Fish exports earn $123 mln for Pakistan in 4 months

ISLAMABAD, Nov 22 (APP):Pakistan earned $123.861 million by exporting 54,451 metric tonnes of fish and fish preparations during the first four months of the current fiscal year, Pakistan Bureau of Statistics (PBS) reported. As compared to the exports of $134.78 million during July-October (2022-23), the fish exports during the July-October (2023-23) witnessed declined of 7.96,… Continue reading Fish exports earn $123 mln for Pakistan in 4 months

PSX stays bullish, gains 293 points

ISLAMABAD, Nov 21 (APP):The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 293.63 points, a positive change of 0.51 percent, closing at 57,371.59 points against 57,077.96 points the previous trading day. A total of 1,012,258,472 shares valuing Rs19.338 billion were traded during the day as compared to 718,285,234 shares valuing… Continue reading PSX stays bullish, gains 293 points

Exports increase by 29.96% to Rs 2.7 trillion in 4 months

ISLAMABAD, Nov 21 (APP):The exports from the country in the rupee term witnessed an increase of 29.96 percent during the first four months of the current fiscal year as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. Exports during July-October (2023-24) were recorded at Rs. 2,767,606 million as… Continue reading Exports increase by 29.96% to Rs 2.7 trillion in 4 months

PSX gains 14.80 points

ISLAMABAD, Nov 20 (APP):The 100-index of Pakistan Stock Exchange (PSX) on Monday gained 14.80 percent, a slight positive change of 0.03 percent, closing at 57,077.96 points against 57,063.16 points the previous trading day. A total of 718,285,234 shares valuing Rs16.686 billion were traded during the day as compared to 901,596,869 shares valuing Rs 23.428 billion… Continue reading PSX gains 14.80 points

Pakistan exports textile products worth $5.565 bln in 4 months

ISLAMABAD, Nov 20 (APP):Pakistan exported textile products worth $5,565.079 million during the first four 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 6.33 percent during July-October (2023-24) when compared to the exports of $5,940.992 million during July-October (2022-23). The… Continue reading Pakistan exports textile products worth $5.565 bln in 4 months

Gold rates fall by Rs.1,400 to Rs.215,100 per tola

ISLAMABAD, Nov 18 (APP): The per tola price of 24 karat gold decreased by Rs.1,400 and was sold at Rs.215,100 on Saturday compared to its sale at Rs.216,500 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.1,200 to Rs.184,414 from Rs. 185,614 whereas the prices of 10… Continue reading Gold rates fall by Rs.1,400 to Rs.215,100 per tola

FBR establishes District Tax Offices across country to broaden tax base

ISLAMABAD, Nov 17 (APP): As part of restructuring measures, the Federal Board of Revenue (FBR) has established 145 District Tax Offices to bring 1.5 to 2 million new taxpayers into the tax net till June, 2024. The Prime Minister had stressed the importance of revenue and increasing the existing number of tax filers during recent… Continue reading FBR establishes District Tax Offices across country to broaden tax base

ADB to help strengthen power transmission in Pakistan

ISLAMABAD, Nov 17 (APP):The Asian Development Bank (ADB) has approved $250 million in loans to help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces. ADB’s Power Transmission Strengthening Project will help reinforce the stability of the national grid by increasing its transmission capacity, according… Continue reading ADB to help strengthen power transmission in Pakistan

PSX stays bullish, gains 716 more points

ISLAMABAD, Nov 16 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 716.96 points, a positive change of 1.26 percent, closing at 57,397.03 points against 56,680.07 points the previous trading day. A total of 1,056,714,813 shares valuing Rs28.861 billion were traded during the day as compared to 661,624,152 shares… Continue reading PSX stays bullish, gains 716 more points

Govt reduces petroleum products’ prices

ISLAMABAD, Nov 16 (APP): The government here on Wednesday reduced the petrol prices by Rs.2.04 per liter, bringing it down to Rs281.34 from Rs.283.38. “Government has decided to revise the prices of petroleum products for the fortnight starting 16 November 2023 as recommended by the Oil and Gas Regulatory Authority (OGRA),” said press statement issued… Continue reading Govt reduces petroleum products’ prices

Author: Muhammad Ashraf Wani