Thursday , April 25 2019

Recent Posts

Hafeez urges World Bank to finalize new financing for Pakistan

World Bank Country Director Patchamuthu Illangovan called on Prime Minister’s Advisor on Finance Dr Abdul Hafeez Shaikh in Islamabad on Monday. They discussed the ongoing projects being supported by the World Bank . The Advisor emphasized the need to expedite the finalization of the new financing in the pipeline before …

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No threat to food security, shortage of wheat: Ministry

Ministry of National Food Security and Research has said there is no threat of food security or shortage of wheat in the country. In a statement issued by ministry of agriculture, said prevailing situation does not give any indication of any shortage in wheat production. It said all the speculations …

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Pakistan Stock Exchange remains bearish on Tuesday

pakistan-Stock-exchange

The Pakistan Stock Exchange was bearish today (Tuesday). The KSE-100 Index closed today (Tuesday) at 37381.95 points as compared to 37504.08 points on the last working day with a negative change of 122.13 points. The total turnover was 139,997,140 as compared to 172,006,950 on the last working day with Unity …

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Pakistan, IMF reach consensus to finalize bailout package: Asad

Ased Umar

Minister for Finance Asad Umar has said that Pakistan had reached a consensus with the International Monetary Fund on all issues to finalize the bailout package. Briefing the National Assembly’s Committee on Finance, Revenue and Economic Affair in Islamabad, he said both sides during his recent visit to Washington agreed …

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TEXPO improves Pak image abroad, brings in $600m trade: Sukhera

TEXPO improves Pak image abroad

Secretary Commerce Ahmed Nawaz Sukhera has said Pakistan’s biggest textile exhibition at government level, TEXPO-2019, has not only proved instrumental in further highlighting Pakistan’s soft image to the world but also attracted initially 600 million dollars trade through export orders by foreign buyers. Talking to the media at the end …

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No exchange rate target under discussion with IMF: Asad

Ased Umar

Finance Minister Asad Umar has contradicted a news report about having exchange rate target with the International Monetary Fund saying that no exchange rate target is even under discussion with the IMF. In a Tweet message, he said former Finance Minister Ishaq Dar should have some mercy on Pakistan’s economy. …

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Govt giving priority innovation, promotion of entrepreneurship: Dawood

Advisor to the Prime Minister on Commerce, Abdul Razak Dawood has said that the government is giving priority to innovation and promotion of entrepreneurship in the country. He was addressing the ‘Applied Entrepreneurship- Think & Grow International Conference’ organised by the Pakistan Industrial Technical Assistance Centre (PITAC) in Lahore today. …

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Foreign exchange reserves increases to $17.58 billion

US Doller

Pakistan’s net foreign exchange reserves have increased to 17.58 billion US Dollar with the receipt of 2.2 billion dollars from the Chinese government . In a tweet, spokesperson of Ministry of Finance Dr Khaqan Najeeb said implementation of a successful strategy had ensured the total forex reserves to rise to …

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PSX witnessed bearish trend on Monday

PSX witnessed bearish

The KSE-100 Index closed today at 38128.66 points as compared to 38531.87 points on the last working day with a negative change of 403.21 points. The total turnover was 56,474,750 as compared to 84,640,460 on the last working day with K-Electric Limited having the highest turnover of 5,504,500. Total 322 …

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Pakistan to receive $2.1 billion from China today

Pakistan to receive $2.1

Pakistan will receive two point one billion US dollar from China today, which would ensure balance of payment stability. In a tweet, Finance Ministry’s Spokesman Dr Khaqan Najeeb said the funds would be deposited in the State Bank of Pakistan and it would also strengthen the country’s foreign exchange reserves …

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FBR holds sessions for awareness about tax reforms

In order to create awareness about recent tax reforms, Federal Board of Revenue held a number of sessions in Karachi and Lahore with leading tax consultants, tax managers and businessmen. These reforms contain number of facilities for the medium and small sized companies including payment of income tax, sales tax …

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