LAHORE, Feb 25 (APP):Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood Friday inaugurated the 1st Healthcare and Engineering Expo 2022, here at the Expo Centre. The exhibition has been organised by the Ministry of Commerce, and the Trade Development Authority of Pakistan (TDAP), where several companies/ industries have set up their stalls… Continue reading Abdul Razak Dawood inaugurates Healthcare & Engineering Expo 2022
Category: Business
Business news from Pakistan
PSX gains 153 points to close at 43,984 points
Islamabad, Feb 25 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 153.73 points, with a positive change of 0.35 percent, closing at 43,984.24 points against 43,830.51 points on the last working day. A total of 241,639,931 shares were traded during the day compared to the trade of… Continue reading PSX gains 153 points to close at 43,984 points
GDP growth target of 4.8% to be achieved in FY22: Report
ISLAMABAD, Feb 25 (APP):Despite considerable international geo-political downside risks and emerging commoditiessuper cycle phenomena, the government on Friday said that Pakistan’s economy would reach around the original National Economic Council (NEC) economic growth target of 4.8% for fiscal year 2022 (FY22). According to a Mid-year Economic Review (July-Dec 2021-22) issued by the ministry of Planning,… Continue reading GDP growth target of 4.8% to be achieved in FY22: Report
Ethiopia to open Embassy in Pakistan to promote trade relations
ISLAMABAD, Feb 25 (APP):State Minister of Foreign Affairs, Ethiopia, Redwan Hussain Rameto said that an Ambassador was being assigned to Pakistan and soon a full-fledged embassy would also be opened here to promote trade and economic relations between both countries. He said this while addressing the business community at Islamabad Chamber of Commerce and Industry… Continue reading Ethiopia to open Embassy in Pakistan to promote trade relations
Price of onions, eggs, potatoes, other food items go down
ISLAMABAD, Feb 25 (APP): The prices of various food items went down during the week ending on February 24 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday. According to the data, the food commodities that witnessed decrease in prices on… Continue reading Price of onions, eggs, potatoes, other food items go down
IT exports increase by 32.65% in seven months
ISLAMABAD, Feb 25 (APP):The Information Technology (IT) exports have surged at the growth rate of 32.65 percent in the first seven months of the current financial year. “ICT export remittances, including telecommunication, computer, and information services for the period July 2021 to January 2022 during Financial Year (FY) 2021-22 have surged to the US $1.487… Continue reading IT exports increase by 32.65% in seven months
ECC allows regulatory cover to barter trade with Afghanistan, Iran
ISLAMABAD, FEB 24 (APP): The Economic Coordination Committee (ECC) of the cabinet here on Thursday allowed regulatory cover to barter trade arrangements with Afghanistan and Iran by amending relevant provisions of Export Policy Order (EPO) 2020 and Import Policy Order (IPO) 2020. The summary for granting regulatory support for establishing barter trade arrangements with the… Continue reading ECC allows regulatory cover to barter trade with Afghanistan, Iran
Pakistan to catch up $ 9.1 bln e-commerce market by 2025: Aon Abbas
ISLAMABAD, Feb 24 (APP): Special Assistant to Prime Minister on E-Commerce, Senator Aon Abbas Buppi said Thursday that the country’s e-commerce trade would be enhanced up to $9.1 billion by 2025. In an exclusive talk with APP, he said, Pakistan was an emerging e-commerce market and had the potential to excel in the regional market… Continue reading Pakistan to catch up $ 9.1 bln e-commerce market by 2025: Aon Abbas
Govt’s endeavors set to turnaround Pakistan’s economy: Tarin
ISLAMABAD, Feb 24 (APP): Minister for Finance and Revenue Shaukat Tarin on Thursday said that the government’s endeavors in rectifying the past government’s wrong economic policies, which put the country’s economy on verge of collapse, started yielding results as all the macro economic indicators were showing positive performance. Addressing a seminar titled “Investment, Industrialization, and… Continue reading Govt’s endeavors set to turnaround Pakistan’s economy: Tarin
Pakistan Consumer Confidence Index increased by 8.8% in Q4 2021
ISLAMABAD, Feb 24 (APP):Pakistan’s Consumer Confidence Index has increased to 77.0 points in Q4 2021 (Oct-Dec), compared to 70.8 points in Q3 2021 (Jul-Sept), translating into 8.8% quarter on quarter increase, according to a report ‘Pakistan Consumer Confidence Index (CCI)’ for Q4 2021 jointly issued by the Dun & Bradstreet Pakistan and Gallup Pakistan on… Continue reading Pakistan Consumer Confidence Index increased by 8.8% in Q4 2021
Gold imports up by 147% to $11 million in seven months
ISLAMABAD, Feb 24 (APP): The gold imports increased by 147.88 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports during July-January (2021-22) were recorded at $11.732 million as compared to the imports of $4.733 million… Continue reading Gold imports up by 147% to $11 million in seven months
Food security ministry directed to make strategy for enhancing potato exports
ISLAMABAD, Feb 23 (APP): Keeping in view the bumper crop prospects, the Federal Minister for Finance and Revenue, Shaukat Tarin here on Wednesday directed the Ministry of National Food Security and Research (NFS&R) to make strategy for increasing the exports potatoes. Presiding over the meeting of National Price Monitoring Committee (NPMC), minister also directed the… Continue reading Food security ministry directed to make strategy for enhancing potato exports
PSX turns around, gains 120 points to close at 45,132 points
ISLAMABAD, Feb 23 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Wednesday and witnessed bullish trend, gaining 120.74 points, with a positive change of 0.27 percent, closing at 45,132.92 points against 45,012.18 points on the last working day. A total of 186,355,677 shares were traded during the day compared to… Continue reading PSX turns around, gains 120 points to close at 45,132 points
Seafood exports increase by 5.08% in 7 months
ISLAMABAD, Feb 23 (APP): The exports of fish and fish preparations increased by 5.08 per cent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The seafood exports during July-January (2021-22) were recorded at $231.584 million against the exports of $220.396 million in July-January (2020-21),… Continue reading Seafood exports increase by 5.08% in 7 months
Chairman BOI asks for joint investment cooperation between Pakistan, Ethiopia
ISLAMABAD, Feb 22 (APP): Minister of State and Chairman Board of Investment (BOI) Muhammad Azfar Ahsan on Tuesday said that Pakistan has a young, digitally equipped population and there are immense opportunities for joint investment cooperation between Pakistan and Ethiopia. “Pakistan considers Ethiopia to be one of the centerpieces of its engage Africa initiative” Chairman… Continue reading Chairman BOI asks for joint investment cooperation between Pakistan, Ethiopia
Libya aims at promoting B2B relations with Pakistan
ISLAMABAD, Feb 22 (APP): Charge de Affaires, Embassy of Libya, Omar B. A. Abdulkarim, Tuesday said that Libyan government was aiming at enhancing bilateral relations especially between businessmen of both the countries. Libyan Charge de Affaires was talking to Federal Minister for Finance and Revenue, Shaukat Tarin during a call on meeting, according to press… Continue reading Libya aims at promoting B2B relations with Pakistan
Pak- Uzbekistan bilateral PTA to be finalized in March
ISLAMABAD, Feb 22 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said that the Preferential Trade Agreement (PTA) to increase bilateral trade between Pakistan and Uzbekistan is expected to be finalized in the month of March 4th. The signing of the agreement will take place during the Uzbek President’s… Continue reading Pak- Uzbekistan bilateral PTA to be finalized in March
Supernet secures multiple contracts from ZTBL worth over Rs 450 mln
ISLAMABAD, Feb 21 (APP):Supernet has been awarded multiple contracts worth over Rs. 450 Million by Zarai Taraqiati Bank Limited (ZTBL) after competitive bidding process and the contracts will help the bank strengthen the communication and IT infrastructure of their nationwide branch network, mostly in the rural areas of Pakistan. Supernet is actively upgrading communication infrastructure… Continue reading Supernet secures multiple contracts from ZTBL worth over Rs 450 mln
Govt committed to provide houses to low middle income groups: Tarin
ISLAMABAD, Feb 21 (APP):Federal Minister for Finance and Revenue Shaukat Tarin said Monday that the housing was the priority sector of the government, which was determined to provide houses to the low and middle income groups at affordable prices. Presiding over a meeting on Naya Pakistan Housing and Development Authority (NAPHDA), the minister directed the… Continue reading Govt committed to provide houses to low middle income groups: Tarin
Pakistan least costly country in world: Numbeo Ranking
ISLAMABAD, Feb 20 (APP): Pakistan ranks least costly among the 139 countries of the world, according to the latest Numbeo’s cost of living index. Minister for Finance and Revenue Shaukat Tarin sharing the screenshot of the index on his official Twitter handle said Sunday that Pakistan was the cheapest country among the 139 countries of… Continue reading Pakistan least costly country in world: Numbeo Ranking
