IMF appreciates Pakistan’s commitments to meet Q1 targets

ISLAMABAD, Nov 02 (APP): The International Monetary Fund (IMF) Mission Chief, Nathan Porter here on Thursday appreciated the government’s commitment to meeting the first Quarter targets and commended its efforts and measures taken in some critical areas. During a meeting with Caretaker Federal Minister for Finance, Revenue & Economic Affairs, Dr. Shamshad Akhtar, the IMF… Continue reading IMF appreciates Pakistan’s commitments to meet Q1 targets

PSX continues with bullish trend, gains 314 more points

ISLAMABAD, Nov 02 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 314.12 points, a positive change of 0.60 percent, closing at 52,656.76 points against 52,342.64 points the previous day. A total of 475,085,837 shares valuing Rs14.578 billion were traded during the day as compared to 526,463,387 shares valuing… Continue reading PSX continues with bullish trend, gains 314 more points

Pakistan adopts NDC to cut greenhouse gas emission: Finance Minister

ISLAMABAD, Nov 2 (APP):Caretaker Minister for Finance, Revenue, & Economic Affairs, Dr. Shamshad Akhtar highlighted on Thursday that Pakistan adopted an ambitious Nationally Determined Contributions (NDC) plan to cut greenhouse gas (GHG) emissions by 50%. The minister was virtually addressing virtually the United Nations Conference on Trade and Development (UNCTAD) conference titled “Development Finance for… Continue reading Pakistan adopts NDC to cut greenhouse gas emission: Finance Minister

Trade deficit narrows by 34.7%; exports jump by 13.55 percent in October

ISLAMABAD, Nov 2 (APP):The country’s merchandize trade deficit contracted by 34.70 per cent during the first four months of the current fiscal year compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. The Trade deficit from July-October (2023-24) was recorded at $7.416 billion as against the deficit of $11.356… Continue reading Trade deficit narrows by 34.7%; exports jump by 13.55 percent in October

WB Executive Director (Designate) calls on finance minister

ISLAMABAD, Nov 2 (APP):The Executive Director (designate) World Bank (WB), Dr. Tauqeer Hussain Shah here on Thursday called on the Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar. Finance Minister appreciated the contributions of Dr. Tauqeer Hussain Shah to public service and hoped that Dr. Shah will utilize his experience in fostering strong… Continue reading WB Executive Director (Designate) calls on finance minister

ECC approves updation of HS codes

ISLAMABAD, Nov 01 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Wednesday gave consent for the proposed amendments in PCT codes in the IPO 2022 and EPO 2022 for “Updation of HS Codes in the Import and Export Policy Orders 2022.” The summary to this effect was submitted by Ministry of Commerce… Continue reading ECC approves updation of HS codes

PSX stays bullish, gains 422 more points

ISLAMABAD, Nov 01 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 422.37 points, a positive change of 0.81 percent, closing at 52,342.64 points against 51,920.27 points the previous day. A total of 526,463,387 shares valuing Rs16.512 billion were traded during the day as compared to 455,331,569 shares valuing… Continue reading PSX stays bullish, gains 422 more points

Petrol, diesel prices kept unchanged

ISLAMABAD, Oct 31 (APP): The government on Tuesday kept unchanged the prices of petrol and high speed diesel at Rs283.38 per liter and Rs303.18 per liter respectively for next fortnight. “The government of Pakistan has decided to maintain the current prices of petrol and High Speed Diesel (HSD) during the next fortnight,” finance ministry said… Continue reading Petrol, diesel prices kept unchanged

PSX continues with bullish trend, gains 437 more points

ISLAMABAD, Oct 31 (APP): The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 437.34 points, a positive change of 0.85 percent, closing at 51,920.27 points against 51,482.93 points the previous day. A total of 455,331,569 shares valuing Rs15.639 billion were traded during the day as compared to 286,621,604 shares valuing… Continue reading PSX continues with bullish trend, gains 437 more points

Economy yielding positive results due to stabilization measures: Report

Hard earned gains on the fiscal and external accounts have started to translate into a pick-up in economic activity: Finance Minister

ECC approves gas price revision

ISLAMABAD, Oct 31 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Tuesday approved revision of the natural gas sale pricing for different categories of consumers for the fiscal year 2023-24, with effective from November 1st, 2023. The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over the ECC… Continue reading ECC approves gas price revision

PSX witnesses bullish trend, gains 539 points

ISLAMABAD, Oct 30 (APP): The 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 539.09 points, a positive change of 1.06 percent, closing at 51,482.93 points against 50,943.84 points the previous day. A total of 286,621,604 shares valuing Rs11.445 billion were traded during the day as compared to 350,834,756 shares valuing Rs10.607… Continue reading PSX witnesses bullish trend, gains 539 points

Kitchen items’ prices eases by 0.33 percent

ISLAMABAD, Oct 27 (APP): The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed decrease of 0.33 percent for the combined consumption group during the week ended on October 26, the Pakistan Bureau of Statistics (PBS) reported on Friday. The SPI for the week under review in the above-mentioned group was recorded at 277.11… Continue reading Kitchen items’ prices eases by 0.33 percent

76 years of Illegal occupation: Kashmiris to observe Black Day on Friday

ISLAMABAD, Oct 26 (APP):Kashmiris and their supporters the world over and on both sides of the Line of Control (LoC) will observe October 27 (Friday) as black day – the day when Indian forces illegally landed in Srinagar in 1947, marking a chapter of occupation, subjugation and oppression for the innocent people. Black Day is… Continue reading 76 years of Illegal occupation: Kashmiris to observe Black Day on Friday

PSX gains 149 more points

ISLAMABAD, Oct 25 (APP): The 100-index of Pakistan Stock Exchange (PSX) on Wednesday witnessed bullish trend, gaining 149.19 points, a positive change of 0.29 per cent, closing at 51,177.13 points against 51,027.94 points the previous day. A total of 427,393,948 shares valuing Rs.15.509 billion were traded during the day as compared to 321,403,857 shares valuing… Continue reading PSX gains 149 more points

Nine Pakistani students nominated to participate in 73rd Nobel Laureate Meetings

ISLAMABAD, Oct 25 (APP):As many as nine Pakistani young scientists have been selected for participation in the 73rd Nobel Laureate Meetings (NLM) on Physics at Germany. According to a press release issued Wednesday, the interviews of short-listed candidates for participation in the 73rd Nobel Laureate Meetings (NLM) on Physics were held on October 23 in… Continue reading Nine Pakistani students nominated to participate in 73rd Nobel Laureate Meetings

IIOJ&K reels under ‘forced silence’ after India’s controversial actions of August 5

ISLAMABAD, Oct 25 (APP): Miseries of the people of Indian Illegally Occupied Jammu and Kashmir (IIOJ&K) have exacerbated manifold due to the unprecedented ferocity of the fascist Indian government especially after the revocation of Kashmir’s special status on August 5, 2019. This relentless suppression and its grave consequences have unfolded largely under an unnoticed ‘forced… Continue reading IIOJ&K reels under ‘forced silence’ after India’s controversial actions of August 5

SIFC recommends policy measures to improve investment ecosystem

ISLAMABAD, Oct 24 (APP):The Executive Committee for Special Investment Facilitation Council (SIFC) here on Tuesday recommended certain policy measures to further improve investment ecosystem in various key sectors of economy. The two-day 6th meeting of SIFC had begun on October, 23 and was chaired by Caretaker Federal Minister for Planning, Development and Special Initiatives, Muhammad… Continue reading SIFC recommends policy measures to improve investment ecosystem

India launches cultural offensive to reshape political history in IIOJ&K

ISLAMABAD, Oct 24 (APP):The fascist Indian government, led by Narendra Modi and driven by a Hindutva mindset, has launched a full-fledged cultural offensive in the Indian Illegal Occupied Jammu and Kashmir (IIOJ&K) by changing the names of historical places and institutions as part of its efforts to reshape the political history of the territory. The… Continue reading India launches cultural offensive to reshape political history in IIOJ&K

ECC allows import of fertilizer, wheat; permits revision of gas sale pricing

ISLAMABAD, Oct 23 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Monday approved various summaries including revision of natural gas pricing, immediate import of 200,000 metric tonnes of urea fertilizer and one million tonnes of milling wheat for fiscal year 2023-24. The Caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr.… Continue reading ECC allows import of fertilizer, wheat; permits revision of gas sale pricing

Author: Muhammad Ashraf Wani