Khusro distributes Ehsas Kafalat Cards, Kisan Cards among deserving families

ISLAMABAD, Mar 3 (APP):Federal Minister for Industries and Production, Makhdum khusro Bakhtyar on Thursday distributed Ehsas Kafalat Cards amongst the deserving families in District Vehari, South Punjab and also distributed Kisan Cards among farmers during ceremony. While speaking at the occasion, the Minister said Prime Minister of Pakistan Imran Khan had recently announced to increase… Continue reading Khusro distributes Ehsas Kafalat Cards, Kisan Cards among deserving families

Pakistan purchased LNG cargoes at $14.5/MMB for current month: Hammad

ISLAMABAD, Mar 3 (APP):Minister for Energy Hammad Azhar Thursday said Pakistan had purchased weighted average of around 10 Liquefied Natural Gas (LNG) cargoes at the rate of $14.5 per Million Barrel (MMB) for the current month, which was almost 75 percent less as compared to the existing rate of $60/mmb in international market. “LNG spot… Continue reading Pakistan purchased LNG cargoes at $14.5/MMB for current month: Hammad

Published
Categorized as Business Tagged

Exports grow by 25.88% to $20.547 bn in eight months

ISLAMABAD, Mar 3 (APP): The exports from the country witnessed an increase of 25.88 percent during the first eight months of the current fiscal year (2021-22) as compared to the corresponding months of last year, Pakistan Bureau of Statistics (PBS) reported. According to PBS data, the exports from the country were recorded at $20.547 billion… Continue reading Exports grow by 25.88% to $20.547 bn in eight months

Pak-Uzbek agreed for enhancing cooperation in agriculture sector

ISLAMABAD, Mar 02 (APP):Uzbekistan Minister for Agriculture Jamshid Khodjaev and Minister of National Food Security and Research Syed Fakhar Imam on Wednesday agreed for enhancing bilateral cooperation to promote and develop agricultural sectors of both the countries. The Uzbek Minister of Agriculture called on Imam and discussed prospects of cooperation in different areas of agriculture… Continue reading Pak-Uzbek agreed for enhancing cooperation in agriculture sector

Industrial Promotion Package to create employment opportunities: Khusro

ISLAMABAD, Mar 2 (APP): Federal Minister for Industries and Production, Makhdoom Khusro Bakhtiar Wednesday expressed the hope that the ‘Industrial Promotion Packages’ would generate jobs, broaden tax net and promote industrial development that would ultimately help overall economic growth on sustainable grounds. Addressing a press conference along with State Minister for Information and Broadcasting, Farrukh… Continue reading Industrial Promotion Package to create employment opportunities: Khusro

Pak-Uzbekistan PTA to boost trade in various sectors: Dawood

ISLAMABAD, Mar 2 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood Wednesday said that after the finalization of Pakistan and Uzbekistan,Preferential Trade Agreement (PTA), there was a huge potential for trade growth in various sectors including textile. He said this while addressing the ‘Pakistan-Uzbekistan Business Forum’ along with the Deputy Prime… Continue reading Pak-Uzbekistan PTA to boost trade in various sectors: Dawood

SBP issues unified QR code to accelerate digital payments

KARACHI, Mar 02 (APP): State Bank of Pakistan (SBP) has issued standards for Quick Response (QR) code based payments in Pakistan to accelerate digitization of retail payments. These standards are to be met for issuing of QR codes and accepting of payments through the same. This initiative is a part of SBP’s drive to promote… Continue reading SBP issues unified QR code to accelerate digital payments

Exports increased by 26 percent in last 8 months: Razak Dawood

ISLAMABAD, Mar 2 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday said that country’s exports have been increased by 26 percent to USD 20.552 billion from July to February FY 2021-22. For July -February 2022, “Our exports increased by 26 percent to USD 20.552 billion as compared to USD… Continue reading Exports increased by 26 percent in last 8 months: Razak Dawood

PKIC, RJ Fleming Co. join hands to launch Pakistan focused private equity fund

ISLAMABAD, Mar 2 (APP): The Kuwait Investment Authority’s joint venture with the Pakistan government, Pakistan Kuwait Investment Company (Private) Limited (PKIC) and R.J. Fleming and Co. Ltd have entered into a Memorandum of Understanding (MoU) to jointly set up and manage under the requisite and appropriate licenses a Private Equity Fund. With PKIC’s strong local… Continue reading PKIC, RJ Fleming Co. join hands to launch Pakistan focused private equity fund

Tarin congratulates FBR for surpassing revenue collection target

ISLAMABAD, Mar 2 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin here on Wednesday congratuled the Federal Board of Revenue (FBR) for surpassing the revenue collection target of Rs441 billion set for the month of February 2022. In a tweet, the federal minister said this showed the robust growth of 28.5 percent, and up… Continue reading Tarin congratulates FBR for surpassing revenue collection target

February CPI lowers at 12.2 pc: Muzammil

ISLAMABAD, Mar 1 (APP): Spokesperson to the Finance Minister, Muzzammil Aslam on Tuesday said that Consumer Price Index (CPI) inflation lowered by 12.2 percent in February as compared to 13 percent in January. In a Tweet, he said that “Despite the lower inflation in February, the inflation surprise on upside due to unusual high movement… Continue reading February CPI lowers at 12.2 pc: Muzammil

PSX stays bullish, gains 342 points to close at 44,803 points

Islamabad, Mar 1 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 342.57 points, with a positive change of 0.77 percent, closing at 44,803.58 points against 44,461.01 points on the last working day.  A total of 309,346,610 shares were traded during the day compared to the trade… Continue reading PSX stays bullish, gains 342 points to close at 44,803 points

Published
Categorized as Business

Pakistan, UAE to strengthen cooperation in trade, religious tourism

ISLAMABAD, MAR 1ST (APP): Pakistan and United Arab Emirates on Tuesday expressed the will to strengthen bilateral cooperation in various fields including trade, investment and religious tourism between the two countries. According to press statement issued by the finance ministry, Ambassador of United Arab Emirates to Pakistan, Hamad Obaid Ibrahim Salem Al-Zaabi had a call… Continue reading Pakistan, UAE to strengthen cooperation in trade, religious tourism

Published
Categorized as Business

CDNS collect Rs720 billion fresh deposits by February 28

ISLAMABAD, Mar 1 (APP):The Central Directorate of National Savings (CDNS) on Tuesday obtained Rs720 billion fresh deposits in the last seven months of current fiscal year 2021-22 from July1st to February 28th. The CDNS has set an annual gross receipt target of Rs 980 billion from July 1 to June 30 of the previous fiscal… Continue reading CDNS collect Rs720 billion fresh deposits by February 28

Published
Categorized as Business Tagged

CPI inflation up by 12.24% in February

ISLAMABAD, Mar 1 (APP): The Consumer Price Index (CPI) based monthly inflation increased by 12.24% on year-on-year (YoY) basis during the month of February 2022 against the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Saturday. According to PBS data, the average inflation rate during the period from July to February (2021-22)… Continue reading CPI inflation up by 12.24% in February

Fiscal deficit contained at 2.1pc, primary balance remains in surplus

“Fiscal deficit is contained at 2.1 percent of GDP during the H1 of current fiscal year. The primary balance, on the other hand, remained in surplus of Rs 81.1 billion during July-December FY2022, compared to Rs 337.2 billion in the previous year,” says monthly Economic Update and Outlook for February 2022. It says, despite significant… Continue reading Fiscal deficit contained at 2.1pc, primary balance remains in surplus

Finance Ministry announces Rs10/ltr reduction in petrol prices

ISLAMABAD, FEB 28 (APP): Despite a considerable price hike in international petroleum products, the government on Monday announced reduction of Rs10 in per liter petrol, effective from March 1st, Finance Ministry said in a statement issued here. According to the statement, petrol would be sold at Rs149.86 per liter as compared to Rs159.86. Likewise, the… Continue reading Finance Ministry announces Rs10/ltr reduction in petrol prices

Finance Ministry announces Rs10/ltr reduction in petrol prices

ISLAMABAD, FEB 28 (APP): Despite a considerable price hike in international petroleum products, the government on Monday announced reduction of Rs10 in per liter petrol, effective from March 1st, Finance Ministry said in a statement issued here. According to the statement, petrol would be sold at Rs149.86 per liter as compared to Rs159.86. Likewise, the… Continue reading Finance Ministry announces Rs10/ltr reduction in petrol prices

Published
Categorized as Business

FBR collects Rs 3,799 bln revenues in 8 months, exceeds target by Rs268bln

ISLAMABAD, FEB 28 (APP): The Federal Board of Revenue (FBR) collected net revenues of Rs 3,799 billion during the first eight months of the current fiscal year (2021-22), exceeding the target set for the period by Rs 268 billion. This represents a growth of about 30.3% over the collection of Rs. 2,916 billion during July-February… Continue reading FBR collects Rs 3,799 bln revenues in 8 months, exceeds target by Rs268bln

Published
Categorized as Business Tagged

Digital payments continue brisk growth in Q1 of FY 2022

KARACHI, Feb 28 (APP):State Bank of Pakistan on Monday released its first quarterly report of payment systems for current fiscal year; covering the period July – Sept. 2021, which shows that Pakistan’s payment ecosystem, especially though digital platforms, continued its brisk pace of growth. E-banking—defined as transactions conducted via electronic channels including Real-time Online Branches,… Continue reading Digital payments continue brisk growth in Q1 of FY 2022

Published
Categorized as Business
APP Services