Category: Business

Business news from Pakistan

Chairman FPCCI, regrets 15 percent cuts on GB’s budget

ISLAMABAD, Jun 26 (APP): Chairman Federation Pakistan Chamber of Commerce and Industry (FPCCI),Capital office, Qurban Ali on Sunday said the government 15 percent cut on Gilgit- Baltistan’s annual budget 2022-23 not a good omen for GB’s economy, which is experiencing severe unrest. The local Annual Development Plan (ADP) in coming budget was also cut ,… Continue reading Chairman FPCCI, regrets 15 percent cuts on GB’s budget

Kyrgyz envoy hope for completion of CASA-1000, energy projects

ISLAMABAD, Jun 26 (APP): Ambassador of the Republic of Kyrgyzstan to Pakistan Ulanbek Totuiaev on Sunday hoped that the CASA-1000 projects would be completed soon to meet Pakistan’s energy needs for enhancing the bilateral cooperation in this sector. The CASA-1000 project, which was aimed to bring surplus electricity from Kyrgyzstan and Tajikistan hydropower stations in… Continue reading Kyrgyz envoy hope for completion of CASA-1000, energy projects

Corporate sector urges to revisit super tax

ISLAMABAD, Jun 26 (APP): The business community Sunday demanded the government to revisit the imposition of a 10 percent super tax on 13 corporate sector entities to provide oxygen to already fragile Industries in the wake of blistering global inflation. Talking to the media here today, Honorary Coordinator to Federal Tax Ombudsman and Minister of… Continue reading Corporate sector urges to revisit super tax

Planning Ministry to hold Turn Around Conference on June 28

ISLAMABAD, Jun 25 (APP):The Ministry of Planning Development & Special Initiatives is all set to host Turn Around Conference (TAC) with an objective of gathering the nation together to find solutions to the country’s current socio- economic issues. These solutions would be aimed at short term results; if substantial these due deliverance compact ideas can… Continue reading Planning Ministry to hold Turn Around Conference on June 28

Finance minister directs to prepare proposals for targeted subsidy

ISLAMABAD, Jun 23 (APP):Minister for Finance and Revenue Miftah Ismail Thursday directed the concerned ministries to work out on the proposals for targeted subsidy, in in context of financial and subsidy impact, as per vision of the Prime Minister to support the lower strata of the society. The Finance Minister expressed the commitment of the… Continue reading Finance minister directs to prepare proposals for targeted subsidy

PSX gains 258 points, closing at 42,716 points

ISLAMABAD, Jun 23 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) on Thursday witnessed bullish trend, gaining 258.83 points, a positive change of 0.61 percent, closing at 42,716.97 points against 42,458.14 points on the last working day. A total of 349,488,911 shares were traded during the day compared to the trade of 266,090,670 shares… Continue reading PSX gains 258 points, closing at 42,716 points

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Rupee rebounds on positive news of Chinese loan, IMF programme

ISLAMABAD, Jun 23 (APP):Exchange rate of Pak Rupee rebounded on Thursday in the wake of good news of loan from China and a possible deal with the International Monetary Fund (IMF) as the PKR recovered Rs 4.70 against the US Dollar in the interbank trading and closed at Rs 207.23 against the previous day’s closing… Continue reading Rupee rebounds on positive news of Chinese loan, IMF programme

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