Ahsan Iqbal shares progress in economic and developmental sectors

ISLAMABAD: Federal Planning Minister Ahsan Iqbal has said that significant progress is being made on development projects aimed at achieving the country’s national goals. He said that the ongoing development strategy is being effectively implemented.

Ahsan Iqbal, speaking outside Planning and Development Ministry, also shared positive economic indicators, noting a 17 per cent increase in the country’s exports this month. He affirmed that Pakistan’s economy is on the right track and welcomed the nation’s growth rate. According to the minister, Pakistan’s current account surplus from the previous year is a significant achievement.

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In addition, remittances have shown an increase this year compared to the last, with Pakistan receiving $3.2 billion in remittances last month alone. He also mentioned that revenue collection has grown, and the GDP deficit has decreased to 5.4 per cent.

The minister further highlighted that government management has been effective, with expenditures being reduced. Iqbal also announced the release of the 7th Agricultural Census results and noted that the Pakistan Stock Market (PSX) has reached its highest level in history.

Finally, he pointed out that the inflation rate in the country is consistently decreasing, further indicating positive economic momentum.

PSX EXTENDS RALLY

PSX opened the second trading day of the week on a bullish note, with the benchmark KSE-100 index making strong early gains. Within the first two minutes of the session, the index surged by 717.23 points to reach 147,677.07, with volumes standing at 1.79 million shares.

The upward momentum continued, and by 11:06 AM, the index had climbed 1,047 points to touch 147,976.98, supported by robust trading activity of over 125.46 million shares.

Among individual stocks, notable gainers included GSPM and ASC, both up by Rs1.00, and YOUW, which rose 12.38 percent to Rs5.72. Other prominent advancers were FEM, FIBLM, RUBY, GRYL, PASM, BFMOD, and MWMP, all posting gains around 10 percent or more. On the other hand, top laggards were led by ASLCPS, which fell 9.75 percent to Rs19.15, followed by PPVC, DMTM, NSRM, and DIIL, each recording significant declines.