KARACHI, Sep 02 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYING USD 169.02 165.18 GBP 232.85 227.53 EUR 200.14 195.87 JPY 1.5369 1.5019 SAR 45.12 43.99 AED 46.03 45.27
Category: Business
Business news from Pakistan
NBP Exchange Rates
KARACHI, Sep 02 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 167.35 166.85 EURO EUR 198.49 197.90 JAPANESE YEN JPY 1.5217 1.5171 BRITISH POUND GBP 230.54 229.85 SWISS FRANC CHF 182.84 182.29 CANADIAN DOLLAR CAD 132.52 132.12… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Sep 02 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Thursday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 02-09-21 For 3 months and over… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Sep 02 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday.. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.1496 02.09.2021 CONVERSION RATES FOR 02ND SEPTEMBER… Continue reading Foreign exchange rates
Over 8.46 million bales of cotton production expected this year:Fakhar
ISLAMABAD, Sep 01 (APP):The Cotton Crop Assessment Committee (CCAC) on Wednesday told over 8.46 million bales of cotton production was expected during current season. The committee met here with Syed Fakhar Imam, Federal Minister for National Food Security and Research in the chair. Representatives of cotton growers, provincial agriculture departments, associations and senior officials of… Continue reading Over 8.46 million bales of cotton production expected this year:Fakhar
National Tax Council meets to harmonize taxes
ISLAMABAD, Sep 1 (APP):The first meeting of the National Tax Council (NTC) was held on Wednesday to harmonize taxes and reduce cost of doing business in the country. Federal Minister for Finance and Revenue, Shaukat Tarin presided over the NTC meeting, according to press statement issued by the finance ministry. Speaking on the occasion, the… Continue reading National Tax Council meets to harmonize taxes
Pakistani E-Sports market gains promising momentum amid organizers, sponsors’ induction
ISLAMABAD, Sep 1 (APP): Pakistan after enjoying a celebrated reign in the sports arenas with one of the phenomenal expressions of passion and sportsmen spirit has gained promising momentum in E-Sports being played online with intricate minds. Gone are the days where cricket and hockey attracted Pakistani youth, the recent trends show Pakistani youth attraction… Continue reading Pakistani E-Sports market gains promising momentum amid organizers, sponsors’ induction
CPI inflation remains in single digit at 8.4% in August
ISLAMABAD, Sep 1 (APP): The Consumer Price Index (CPI), based on monthly inflation remained in single digit, witnessing an increased of 8.4 percent during the month of August 2021 as compared to the corresponding month of the last year, Pakistan Bureau of Statistics (PBS) reported here on Wednesday. On month-on-month basis, it increased by… Continue reading CPI inflation remains in single digit at 8.4% in August
GB development top priority: Shaukat Tarin
ISLAMABAD, Aug 31 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said on Tuesday that development of the Gilgit-Baltistan was the top priority of the present government. During a meeting with the Chief Minister Gilgit-Baltistan, Khalid Khursheed here, the minister said all possible steps would be taken to ensure timely provision of funds for… Continue reading GB development top priority: Shaukat Tarin
Govt reduces prices of all petroleum products
ISLAMABAD, Aug 31 (APP): Despite international price fluctuation in petroleum products and anticipated increase in future prices, the government on Tuesday reduced prices of all petroleum products to provide relief to the consumers. According to press statement issued by the finance ministry, the price of petrol has been reduced by Rs1.50 per liter, from Rs119.80… Continue reading Govt reduces prices of all petroleum products
Pak consortium wins offshore E&P block in Abu-Dhabi: Hammad
ISLAMABAD, Aug 31 (APP): Minister for Energy Hammad Azhar on Tuesday said that a consortium of four Pakistani companies under the Energy Ministry had been awarded exploration rights to a prolific offshore block in Abu-Dhabi. “We are proud to announce that a consortium of four Pakistani companies under the ministry of energy have been awarded… Continue reading Pak consortium wins offshore E&P block in Abu-Dhabi: Hammad
PSX continues with bullish trend, gains 54 points to close at 47,419 points
ISLAMABAD, Aug 31 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 54.04 points, with a positive change of 0.11 per cent, closing at 47,419.74 points against 47,365.70 points on the last working day. A total of 378,832,096 shares were traded during the day compared to the… Continue reading PSX continues with bullish trend, gains 54 points to close at 47,419 points
ECC approves funds to meet RHC liabilities, grants Rs50bln TSG
ISLAMABAD, Aug 31 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Tuesday approved funds to meet emergent liabilities of the Roosevelt Hotel Corporation (RHC) including payment of local taxes and utilities. The summary for funds was presented by the Aviation Division before ECC, the meeting of which was presided over by the… Continue reading ECC approves funds to meet RHC liabilities, grants Rs50bln TSG
PRMI, key initiative for modernization, regulation of local business: Secretary BOI
ISLAMABAD, Aug 30 (APP):Federal Secretary, Board of Investment (BOI), Fareena Mazhar on Monday said Pakistan Regulatory Modernization Initiatives (PRMI) was a key initiative of the government for the modernization and regulation of local business for providing a conducive business environment in the country. Implementation of these reforms, initiated by BOI, was part of the broader… Continue reading PRMI, key initiative for modernization, regulation of local business: Secretary BOI
Pakistan earns US $2123 million from IT services’ export during FY 2020-21
ISLAMABAD, Aug 29 (APP): Pakistan earned US $2123.035 million by providing different information technology (IT) services in various countries during the fiscal year 2020-21. This shows growth of 47.44 percent when compared to US $1439.970 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) reported.… Continue reading Pakistan earns US $2123 million from IT services’ export during FY 2020-21
Don’t worry about GSP-Plus status, says Dawood
LAHORE, Aug 28 (APP):Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Saturday that no one should be worried about Generalized Preferential System Plus (GSP-Plus) status by European Union (EU) as Pakistan had got two years extension in this status. He was talking to the media after inaugurating Pakistan Footwear Designers… Continue reading Don’t worry about GSP-Plus status, says Dawood
PM for encouraging exporters to boost Pakistan’s rice exports
ISLAMABAD, Aug 27 (APP): Prime Minister Imran Khan on Friday called for encouraging the rice exporters so that Pakistan got its maximum share in the international market and the country’s economy further stabilized. The Prime Minister expressed these views while presiding over a meeting of the National Export Development Board here. Finance Minister Shaukat Tarin,… Continue reading PM for encouraging exporters to boost Pakistan’s rice exports
Govt focusing on raising exports for strengthening economy: Razak
ISLAMABAD, Aug 27 (APP): Adviser to the Prime Minister on Commerce Abdul Razak Dawood Friday said his main focus was on raising exports which would help strengthening the country’s economy. He said this while addressing a press conference along with Minister for Finance Shaukat Tarin and other business leaders from the different Industrial sectors. Razak… Continue reading Govt focusing on raising exports for strengthening economy: Razak
Signing of Rs 27.8 bn Sialkot-Kharian motorway approved
ISLAMABAD, Aug 27 (APP): The Board of Directors’ meeting of Public-Private Partnership Authority (P3A) Friday approved signing of Rs 27.8 billion Sialkot-Kharian Motorway Project. The approval under first of its kind innovative transaction structure is a major breakthrough in development financing, Minister for Planning, Development and Special Initiatives Asad Umar said while chairing the meeting.… Continue reading Signing of Rs 27.8 bn Sialkot-Kharian motorway approved
Enhanced coop between Pakistan, Qatar beneficial for both countries people: Fakhar
ISLAMABAD, Aug 27 (APP): Federal Minister for National Food and Security Syed Fakhar Imam Friday said bilateral cooperation between Qatar and Pakistan would further strengthened in different fields, which would be mutually beneficial for the people of both the countries. Talking to Qatar Ambassador Sheikh Saoud bin Abdulrahman Al Thani, he said Pakistan had immense… Continue reading Enhanced coop between Pakistan, Qatar beneficial for both countries people: Fakhar