Business

Despite the PTI campaign, Pakistan’s GSP Plus status will not change. Ata Tarar

Published

10 months ago

Farwa

He described the web campaign as an attack on Pakistan’s economy and a plot against the country at a press conference held in Islamabad today.

According to him, the PTI is putting up this demand under the guise that jail amenities are not being given for its founder, Imran Khan. He made it clear that no other prisoner in the nation has access to the privileges provided to the PTI’s founding leader.

The Minister of Information stated that the amenities consist of three rooms, a kitchen, a walking gallery, and workout equipment. He claimed that in response to the PTI’s founder’s request, the prison administration is also providing the meals.

The Minister of Information made reference to the two-week prison meeting prohibition, but made it clear that this policy does not apply to just one institution. In light of the security risks, he added, a security audit is being conducted at the jails in Dera Ghazi Khan, Mianwali, and Adiala.

Attaullah Tarar expressed sadness over certain political factions seeking to harm the economy in order to further their own narrow agendas. But he made it clear that they would not be permitted to carry out their plans. The state and its national interests must be protected above anything else.

According to the Minister of Information, the administration is acting to solve the issues that the public faces, such as inflation, and to set the economy on a path of growth. He remarked

But he lamented the existence of a party that is blind to anything but its own political agenda. He said that they were the identical components of the violent activities on May 9.

Regarding his ministry, Attaullah Tarar said he was determined to act as a go-between for the press and the government. He promised to speak out for journalists’ rights and to keep his ministry’s doors open to them.

Business

With its second-largest surge ever, PSX approaches 114,000 points.

Published

10 hours ago

Farwa

Driven by renewed activity from both private and government financial institutions, the Pakistan Stock Exchange (PSX) saw its second-largest rally in history on Monday.

The market regained many important levels in a single trading session as it rose with previously unheard-of momentum.

Intraday trading saw a top increase of 4,676 points, and the PSX’s benchmark KSE-100 Index gained 4,411 points to settle at 113,924 points. This impressive rebound demonstrated significant investor confidence by reestablishing the 100,000, 111,000, 112,000, and 113,000-point levels.

The market also saw the 114,000-point limit reestablished during the trading session.

The positive tendency was reflected when the market’s heavyweight shares touched its upper circuits. Among the most busiest trading sessions in recent memory, an astounding 85.78 billion shares worth a total of Rs55 billion were exchanged.

Experts credited the spike to heightened institutional investor activity and hope for macroeconomic recovery. Considered a major market recovery, the rally demonstrated the market’s tenacity and development potential.

Business

In interbank trade, the Pakistani rupee beats the US dollar.

Published

1 week ago

Farwa

In the international exchange market, the US dollar has continued to weaken in relation to the Pakistani rupee.

The dollar fell to Rs278.10 from Rs278.17 at the beginning of interbank trading, according to currency dealers, a seven paisa loss.

In the meantime, there was a lot of turbulence in the stock market, but it recovered and moved into the positive zone. The KSE-100 index recovered momentum and reached 116,000 points after soaring 1,300 points.

Both currency and stock market swings, according to analysts, are a reflection of ongoing market adjustments and economic uncertainty.

Business

Phase II of CPEC: China-Pakistan Partnership Enters a New Era

Published

1 week ago

Farwa

The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.