Category: Business

Business news from Pakistan

No intention to impose whole of petroleum levy: Miftah

ISLAMABAD, Jun 29 (APP): Federal Finance and Revenue Minister, Miftah Ismail here on Wednesday clarified that the government has no intention to pass on the full amount of petroleum levy (Rs 50 per liter) as incorporated in the Finance Bill 2022-23 to the consumers. “The government has got the permission from you (the house) to… Continue reading No intention to impose whole of petroleum levy: Miftah

No IMF pressure, only commitments being honoured: Ayesha Ghous

ISLAMABAD, Jun 29 (APP): Minister of State for Finance and Revenue Ayesha Ghous Pasha Wednesday dispelled the impression that the incumbent government had taken extra pressure of the International Monetary Fund (IMF) to integrate amendments in the federal budget 2022-23 saying that the changes had been made in larger interest of the country. Responding to… Continue reading No IMF pressure, only commitments being honoured: Ayesha Ghous

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Japan provides US $ 2.3 mln grant for human resource development

ISLAMABAD, Jun 28 (APP): The Japanese government here on Tuesday extended grant assistance of Japanese Yen 313 million (Approximately US$ 2.3 million) to Pakistan for the Project for Human Resource Development Scholarship for fiscal year 2022. A signing ceremony in this regard was held in Ministry of Economic Affairs, according to press statement issued by… Continue reading Japan provides US $ 2.3 mln grant for human resource development

Shipping Activity at Port Qasim

KARACHI, Jun 28 (APP): Four ships namely,Lana, MSC Adonis, Arpeggio and MarangasAscleppius carrying Containers, Phosphoric Acid and LNG, berthed at Qasim International Container Terminal, EngroVopak Terminal and EngroElengy Terminal respectively on Monday. Meanwhile two more ships, Maersk Kensington and Onex Precious carrying Containers and Mogas also arrived at outer anchorage of the port during the… Continue reading Shipping Activity at Port Qasim

IMF combines seventh, eighth tranches for Pakistan through MEFP: Miftah

Summary on supply of milling wheat from Russia submitted to ECC

ISLAMABAD, Jun 28 (APP): Federal Minister for Finance and Revenue Miftah Ismail said that the government had received Memorandum of Economic and Financial Policy (MEFP) from the International Monetary Fund (IMF) which would combine the seventh and eighth tranches. The government would receive from the IMF $ 900 million as the seventh tranche and $1… Continue reading IMF combines seventh, eighth tranches for Pakistan through MEFP: Miftah

Pakistan receives IMF document for reviews

ISLAMABAD, June 28 (APP): Pakistan on Tuesday received memorandum of economic and financial policies (MEFP) from the International Monetary Fund (IMF) for combined 7th and 8th reviews for Extended Fund Facility (EFF), Finance Minister Miftah Ismail said.

Pakistan receives IMF document for reviews

ISLAMABAD, June 28 (APP): Pakistan on Tuesday received memorandum of economic and financial policies (MEFP) from the International Monetary Fund (IMF) for combined 7th and 8th reviews for Extended Fund Facility (EFF), Finance Minister Miftah Ismail said.

Govt to resolve PMA issues: Miftah

Federal Minister for Finance and Revenue Mr. Miftah Ismail held a meeting with delegation of Pakistan Pharmaceutical Manufacturers Association headed by its chairman Mr. Qazi Mansoor Dilawar at Finance Division -

ISLAMABAD, Jun 27 (APP):Federal Minister for Finance and Revenue, Miftah Ismail here on Monday assured the Pakistan Manufacturers Association (PMA) of resolving their issues and providing maximum support to them. The minister was talking to a delegation of the association headed by its chairman, Qazi Mansoor Dilawar, at finance division, according to press statement issued… Continue reading Govt to resolve PMA issues: Miftah

CDWP clears 19 projects worth Rs 142.3 bn

ISLAMABAD, Jun 27 (APP): CDWP clears 19 projects worth Rs 142.3b The Central Development Working Party (CDWP) has cleared 19 development projects worth Rs 142.3 billion while recommending six projects to the Executive Committee of National Economic Council (ECNEC) for approval during its meeting held on Monday. The CDWP considered 19 development projects related to… Continue reading CDWP clears 19 projects worth Rs 142.3 bn

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