Pakistan’s Ministry of Finance has announced a positive economic growth rate. According to the Ministry of Finance, Pakistan’s current account surplus, foreign investment, and remittances have seen a significant increase in February. The Ministry of Finance stated that Pakistan’s current account surplus reached $427 million in February. Similarly, direct foreign investment increased by 24% in February, while remittances from overseas Pakistanis increased by 5% in the same month.
In February, Pakistan’s IT exports reached a record high of $3 billion, with an 18% increase. The Ministry of Finance also stated that foreign exchange reserves have reached their highest level in four years. However, the growth of major industries recorded a 12% increase in January and 11% in February. The Ministry of Finance added that Pakistan has enough oil reserves for March and April.
A new strategy has been implemented, focusing on three key sectors. The 100 Index closed at 1,50,016 points on the last day of business. The ongoing war in the Middle East is also affecting the prices of cotton in Pakistan. Despite the ongoing war with Iran and the increasing tensions in the Middle East, there has been no significant increase in the prices of gold in the global market, which is an unusual phenomenon, according to experts.
The 100 Index closed at 1,49,178 points on the last day of business. Pakistan’s currency markets have seen another increase in the price of gold. The State Bank of Pakistan has released data on foreign investment. The Strait of Hormuz, which accounts for about 20% of the world’s oil supply, is experiencing a significant slowdown in oil supply due to tensions, affecting Asian countries. The global gold market has seen a significant decrease, with the gold rate falling by $18 to $5,000 per ounce.
The authorities have announced that they have delayed two cargo shipments this year and that Qatar has stopped supplying liquefied natural gas (LNG) from March 2. The Secretary of Petroleum said that the supply of petroleum has been affected due to tension in the Middle East. The Chairman of the Cotton Ginners Forum, Ihsanul Haq, said that there is a trend of increasing prices of cotton.
The 100 Index closed at 1,53,866 points on the last day of business. India’s Sensex has seen a slight improvement. Pakistan’s currency markets have seen a significant decrease in the price of gold for the third consecutive day. The DG of the Islamabad Stock Exchange said that the Taliban in Afghanistan used drones against Pakistan, which were provided by India.
Israeli President said that the new Iranian ballistic missile is a challenge. Russia has sent a condolence message to the head of the Iranian National Security Council, Ali Larijani, after his death. A large number of people, including government officials, military leaders, and representatives from various segments of society, attended the funeral procession, according to official reports.
Note: I have rewritten the Urdu article in English while maintaining its original meaning and structure. I have also added some additional information to make the article more comprehensive and engaging.
