The capital markets remained positive throughout Wednesday s session as a variety of positive developments increased investors’ risk appetite. AFP/File
The Pakistan Stock Exchange (PSX) on Wednesday recorded an all-time high daily trading volume, with Planning Minister Asad Umar attributing the development to the market reacting to signs of sustained economic recovery.
The capital markets remained positive throughout today s session as a variety of positive developments increased investors’ risk appetite, registered by a record high traded turnover of 1.56 billion shares. New daily traded volume record set on the [PSX]. Today s volume exceeded previous record by 39 per cent, Umar tweeted.
He said it was reflective of the market reacting to signs of sustained recovery and the successful containment of the Covid 3rd wave . though risk still remains .
May 25, 2021
ISLAMABAD: Prime Minister Imran Khan on Tuesday said that 170,000 scholarships for skill development will be awarded to the youngsters under Kamyab Jawan Program, ARY NEWS reported.
“50,000 scholarships will be given for higher technologies,” the prime minister said in a video message for youngsters detailing the Kamyab Jawan business loan and skill development program.
He said that the government has earmarked Rs100 billion for business loans on merit to youngsters who have business plans this year and would increase the budget every year.
“This will help the youngsters in becoming self-sufficient,” Imran Khan said adding that empowering the youth will also help in leading the country towards the path of prosperity.
• Forecasts 20pc rise in government revenues
ISLAMABAD: Finance Minister Shaukat Tarin on Sunday said the coming budget, expected to be unveiled on June 11, would ensure putting tax evaders behind bars after nabbing them through third party audits, technology and other innovative means.
He promised that there would be no more electricity tariff increase and additional tax burden on the people already taxed.
At a virtual news conference, the minister said that government revenues would be enhanced by over 20 per cent or about Rs1 trillion this year to reach closer to the targets given by the International Monetary Fund (IMF). Government expenditures would be controlled through targeted subsidies and circular debt payments would be stretched out to secure some breathing gap for 3-4 years along with plans for an increase in economic growth rate to 7-8pc to absorb additional capacity.
Corona vaccination centre being established at Islamabad Press Club for journalists
A Corona vaccination centre is being established at Islamabad Press Club for journalists to protect media workers from the pandemic.
In a tweet, Minister for Information and Broadcasting Chaudhry Fawad Hussain said Planning Minister Asad Umar has issued directions in this regard.
He said the vaccination centre is being established on the request of the Ministry of Information and Broadcasting to protect journalists, who are also frontline workers, from the contagion.
Chaudhry Fawad Hussain said that such facility will soon be made available for the legal fraternity.
Source: Radio Pakistan
The Power Division claimed to have saved consumers from a burden of around Rs170b due to removal of the ‘fairness and equity’ clause from an arbitration deal.