Category: Business

Business news from Pakistan

Rupee gains 17 paisas against dollar

ISLAMABAD, Oct 11 (APP):Pakistan rupee on Tuesday appreciated by 17 paisas against the US dollar in the interbank trading and closed at Rs 217.79 against the previous day’s closing of Rs 217.96. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs… Continue reading Rupee gains 17 paisas against dollar

ECC approves continuation of RCET for export oriented sectors during CFY 2022-23

ISLAMABAD: October 10 - Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presiding over the meeting of the Economic Coordination Committee (ECC) of the Cabinet. APP/MOS

ISLAMABAD, Oct 10 (APP):The Cabinet’s Economic Coordination Committee (ECC) Monday approved continuation of Regionally Competitive Electricity Tariff (RCET) for export oriented sectors during CFY 2022-23 and decided that electricity may be provided at Rs. 19.99 per kWh all inclusive to five export oriented sectors namely textile including jute, leather, surgical and sports goods across country… Continue reading ECC approves continuation of RCET for export oriented sectors during CFY 2022-23

Prudent economic polices put Rupee on sustained upward trajectory

ISLAMABAD, Oct 10 (APP):Notwithstanding the flood damages, the prudent economic policies introduced by the incumbent finance minister are bearing fruit as Rupee is continuously gaining strength against Dollar for past over-two weeks, making it best-performing currency. Even on Monday, Pakistan rupee appreciated by Rs 1.96 against the US dollar in the interbank trading and closed… Continue reading Prudent economic polices put Rupee on sustained upward trajectory

PSX witnesses bullish trend, gains 126 points

ISLAMABAD, OCT 10 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 126.39 points, a positive change of 0.30 percent, closing at 42,211.64 points against 42,085.25 points on the last working day. A total of 240,194,764 shares were traded during the day compared to 313,348,644  shares the previous day,… Continue reading PSX witnesses bullish trend, gains 126 points

Dar reaffirms to honor all commitments, rejects speculation to approach Paris Club

ISLAMABAD, Oct 9 (APP):Minister for Finance and Revenue Senator Muhammad Ishaq Dar here on Sunday reaffirmed the government’s resolve to fully honor all the commitments made with International Monetary Funds (IMF) and other creditors, besides addressing the issues faced by the local business community. Addressing a press conference, the minister also categorically dismissed the speculation… Continue reading Dar reaffirms to honor all commitments, rejects speculation to approach Paris Club

Govt committed to set economy on path of sustainable, inclusive growth: Dar

Govt committed to set economy on path of sustainable, inclusive growth: Dar

ISLAMABAD, Oct 8 (APP):Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday said that the government is committed to set the economy on sustainable and inclusive growth path by taking pragmatic steps to resolve bottlenecks to growth. The minister held a meeting with Country Director, World Bank Najy Benhassine, and his team at… Continue reading Govt committed to set economy on path of sustainable, inclusive growth: Dar

British High Commissioner calls on Finance Minister

British High Commissioner calls on Finance Minister

ISLAMABAD, Oct 8 (APP):British High Commissioner Dr Christian Turner Saturday called on Minister for Finance and Revenue Senator Mohammad Ishaq Dar and exchanged views on matters of common interest. The minister briefed the British High Commissioner about devastation caused by the recent floods in Pakistan, said a press release issued by the Ministry of Finance.… Continue reading British High Commissioner calls on Finance Minister

Projects worth billions approved by ECNEC in energy, education, communication sectors

ISLAMABAD, Oct 07 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Friday approved projects worth billions of rupees relating to energy, education, communication, food security and agriculture sectors of the country.  Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the ECNEC meeting, according to press statement issued by… Continue reading Projects worth billions approved by ECNEC in energy, education, communication sectors

Japanese Ambassador Wada Mitsuhiro calls on Ishaq Dar

ISLAMABAD, Oct 7 (APP):Japan’s Ambassador to Pakistan Wada Mitsuhiro on Friday called on the federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, here, and assured his country’s full cooperation for improving the bilateral trade and economic relations. During the meeting, Ishaq Dar apprised the ambassador on the devastation caused by the recent floods… Continue reading Japanese Ambassador Wada Mitsuhiro calls on Ishaq Dar

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Attracting US foreign investment a top priority: Dar

Donald Blome, Ambassador of the United Stated of America to Pakistan in a call on meeting with Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar at Finance Division.

ISLAMABAD, Oct 7 (APP):Federal Minister for Finance and Revenue, Mohammad Ishaq Dar said here on Friday that attracting the United States foreign investment in different sectors of Pakistan’s economy was the government’s top priority. During a meeting with Ambassador of the United Stated of America to Pakistan, Donald Blome, who call on the minister here,… Continue reading Attracting US foreign investment a top priority: Dar

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