Category: Business

Business news from Pakistan

Pakistan not seeking relief from commercial banks, Eurobond creditors: Miftah

ISLAMABAD, Sep 23 (APP):Minister for Finance and Revenue Miftah Ismail on Friday said that in the wake of climate related disaster, Pakistan was seeking debt relief from bilateral Paris Club creditors only and it was not seeking any relief from commercial banks or the Eurobond creditors. “Given the climate-induced disaster in Pakistan, we are seeking… Continue reading Pakistan not seeking relief from commercial banks, Eurobond creditors: Miftah

Essential items’ prices ease as weekly inflation plunges down 8.11%

ISLAMABAD, Sep 23 (APP): The prices of essential commodities witnessed a considerable decrease as the Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 22 for the combined consumption group witnessed a sharp decline of 8.11 percent as compared to the previous week. The SPI for the week under review in… Continue reading Essential items’ prices ease as weekly inflation plunges down 8.11%

Current Account Deficit falls to $0.7 billion in August

ISLAMABAD, Sep 22 (APP):The current account deficit shrank to $0.7 billion in August compared to $1.2 billion in July 2022, largely reflecting a continued moderation in overall imports, a data released by State Bank of Pakistan (SBP) said on Thursday. Cumulatively, in Jul-Aug of current fiscal year (FY23), Current Account Deficit (CAD) declined by $0.5… Continue reading Current Account Deficit falls to $0.7 billion in August

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ADB approves $100 mln to improve secondary healthcare in KPK

ISLAMABAD, Sep 22 (APP):The Asian Development Bank (ADB) has approved a $100 million results-based loan to help strengthen the quality of secondary health care in Khyber Pakhtunkhwa province in Pakistan. The program will help improve the delivery of health services at secondary hospitals by modernizing infrastructure and equipment; ensuring clinical protocols, standards, and guidelines are… Continue reading ADB approves $100 mln to improve secondary healthcare in KPK

Pak-Qatar Asset Management Company announces approval of Shariah Compliant Collective Investment Schemes

ISLAMABAD, Sep 22 (APP): Pak-Qatar Asset Management Company Limited (PQAMCL) recently announced that the Securities and Exchange Commission of Pakistan (SECP) has accorded approval for the launch of its Shariah Compliant Collective Investment Schemes (Mutual Funds). PQAMCL is going for IPO of its funds. PQAMCL obtained its license to operate as an Asset Management Company… Continue reading Pak-Qatar Asset Management Company announces approval of Shariah Compliant Collective Investment Schemes

ECC approves Rs 10 bn for procurement, logistics of flood relief items

ISLAMABAD, Sep 21 (APP):The Economic Coordination Committee (ECC) of the cabinet Wednesday approved funds of Rs.10 billion to National Disaster Management Authority (NDMA) for procurement and logistics of relief items for flood affected people. Moreover the ECC has directed to the Finance Division to immediately release funds of Rs.5 billion to NDMA. Federal Minister for… Continue reading ECC approves Rs 10 bn for procurement, logistics of flood relief items

Pakistan values ties with UAE in potential sectors: Naveed

APP03-210922 ISLAMABAD: September 21 - Federal Minister on Commerce & Investment Syed Naveed Qamar meeting with Ambassador of UAE at his office. APP

ISLAMABAD, Sep 21 (APP): Federal Minister for Commerce, Syed Naveed Qamar on Wednesday said Pakistan values its ties with the United Arab Emirates (UAE) in various potential sector. There is a lot of potential in agriculture, health, ready-made garments and solar sectors, he said. United Arab Emirates (UAE) Ambassador to Pakistan Hamad Obaid Ibrahim Saleem… Continue reading Pakistan values ties with UAE in potential sectors: Naveed

Govt ensuring to define KPIs for monitoring, evaluation of development projects: Ahsan

ISLAMABAD, Sep 21 (APP): Minister for Planning Development and Special Initiatives Professor Ahsan Iqbal on Wednesday said that the government was ensuring to clearly define the key performance indicators (KPIs) of each social sector uplift projects. He said that the government initiated these programs under its Public Sector Development Program to achieve desired results of… Continue reading Govt ensuring to define KPIs for monitoring, evaluation of development projects: Ahsan

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