Category: Business

Business news from Pakistan

Services’ trade deficit shrinks 26.22% as exports grow by 4.63% in Q1

ISLAMABAD, Nov 3 (APP):The services trade deficit shrank by 26.22 percent as exports witnessed growth of 4.63 percent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. According to PBS data, the exports from the country during July-September (2022-23)… Continue reading Services’ trade deficit shrinks 26.22% as exports grow by 4.63% in Q1

PSX stays bullish, gains 135 points

PSX gains 123 points

ISLAMABAD, Nov 2 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 135.90 points, a positive change of 0.33 percent, closing at 41,944.59 against 41,808.69 points on the last working day. A total of 230,561,335 shares were traded during the day as compared to 192,142,149 shares the previous day,… Continue reading PSX stays bullish, gains 135 points

CAD declines to $2.2 billion in 1st Quarter

ISLAMABAD, Nov 2 (APP):The Current Account Deficit (CAD) declined to $ 2.2 billion during the first quarter (Q1) of the current fiscal year as compared to the deficit of $3.5 billion recorded during the corresponding period (July-September) of the fiscal year 2021-22. The CAD mainly contracted due to increase in exports and contraction in imports… Continue reading CAD declines to $2.2 billion in 1st Quarter

Secretary PC stresses YDFs to play their constructive role in country’s development

ISLAMABAD, Nov 1 (APP):Over 40 Young Development Fellows (YDFs) on Tuesday formally joined the Ministry of Planning Development & Special Initiatives for one-year internship program initiated by the Ministry.YDF was an initiative of the Planning Commission under which the youth were engaged to generate fresh ideas to take the country towards progress and development and… Continue reading Secretary PC stresses YDFs to play their constructive role in country’s development

PSX stays bullish, gains 544 points

ISLAMABAD, NOV 1ST (APP): The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 544.03 points, a positive change of 1.32 percent, closing at 41,808.69 against 41,264.66 points on the last working day. A total of 192,142,149 shares were traded during the day as compared to 97,476,761 shares the previous… Continue reading PSX stays bullish, gains 544 points

CPI inflation increases to 26.6% in October

ISLAMABAD, Nov 1 (APP):The Consumer Price Index (CPI) increased to 26.6% on year-on-year (YoY) basis in October 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Thursday. On month-on-month basis, it increased to 4.7% in October 2022 as compared to a decrease of 1.2% in the previous… Continue reading CPI inflation increases to 26.6% in October

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