ISLAMABAD, Sep 26 (APP):The export of footwear from the country increased by 23.72% during first two months of Fiscal Year 2021-22 against same period of the previous year. The footwear exports rose to US$26.787 million in July-August (2021-22) compared to the export of $21.65 million during same period of last year. On year-on-year and month-on-month… Continue reading Footwear exports surge 23.7pc in 2 months
Category: Business
Business news from Pakistan
PFC to participate actively in Dubai Expo: Mian Kashif
LAHORE, Sep 26 (APP):Pakistan Furniture Council (PFC) is all set to ensure active participation in Dubai Expo commencing from October 1 to display world-class hand crafted vast range of Pakistani furniture. Talking to a delegation of furniture exporters led by the Chaudhary Muhammad Ashfaq Kamboh here on Sunday, the PFC Chief Executive Officer Mian Kashif… Continue reading PFC to participate actively in Dubai Expo: Mian Kashif
Pakistan entered in 4G Smartphone export market: Dawood
ISLAMABAD, Sep 25 (APP): Adviser to Prime Minister on Commerce and Industry, Abdul Razak Dawood on Saturday informed that Pakistan has become a 4G Smartphone exporter within a short period of time. “I would like to congratulate ‘Airlink Communications’ in playing an integral role in this process and exporting their first batch of 1500 locally… Continue reading Pakistan entered in 4G Smartphone export market: Dawood
Tarin hails progress of PSW on EODB
ISLAMABAD, Sep 24 (APP): Federal Minister for Finance and Revenue Shaukat Tarin on Friday hailed the progress of Governing Council of Pakistan Single Window (PSW) for Ease of Doing Business (EODB) in the country. The Federal Minister for Finance and Revenue Shaukat Tarin, presided over the first meeting of Governing Council of Pakistan Single Window… Continue reading Tarin hails progress of PSW on EODB
ECNEC approves Rs 20.7 bn KCR project
ISLAMABAD, Sep 24 (APP):Executive Committee of National Economic Council Friday approved the Rs. 20.7 billion infrastructure project for Karachi Circular Railway (KCR). The meeting presided over by Minister for Finance and Revenue Shaukat Tarin considered and approved a summary presented by the Planning Commission regarding the construction of infrastructure for the elimination of level crossings… Continue reading ECNEC approves Rs 20.7 bn KCR project
NBP Exchange Rates
KARACHI, Sep 24 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 169.40 168.90EURO EUR 199.24 198.65 JAPANESE YEN JPY 1.5344 1.5299BRITISH POUND GBP 232.54 231.86SWISS FRANC CHF 183.24 182.70 CANADIAN DOLLAR CAD 133.70 133.30AUSTRALIAN DOLAR AUD 123.65 123.29SWEDISH KRONA… Continue reading NBP Exchange Rates
Foreign exchange rates
KARACHI, Sep 24 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. 6 MONTHS US DOLLAR 0.1555 24.09.2021 CONVERSION RATES FOR 24TH SEPTEMBER 2021 FOR FOREIGN… Continue reading Foreign exchange rates
ECC approve sugar import tenders of 50,000 MT
ISLAMABAD, Sep 23 (APP): The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved to import 50,000 MT sugar to maintain sufficient stock in the country. The ECC approved to import sugar in 03 segregated tenders of 50,000 MT each so that there is more participation and increased competition when international prices fall down,… Continue reading ECC approve sugar import tenders of 50,000 MT
CPEC continues successfully in challenging times, Phase-II projects meeting deadlines; Asad Umar
ISLAMABAD, Sep 23 (APP): Federal Minister for Planning, Development and Special Initiatives said Thursday that despite many challenges, the game-changer China Pakistan Economic Corridor (CPEC) was progressing successfully as many projects under the corridor have been completed in accordance with their set deadlines. The development on CPEC project continued despite Covid-19 pandemic that had hit… Continue reading CPEC continues successfully in challenging times, Phase-II projects meeting deadlines; Asad Umar
Diplomats asked to focus on trade diplomacy for promoting Pakistan’s economic interests
ISLAMABAD, Sep 22 (APP): A 21-member delegation of trainee officers of the Foreign Service of Pakistan led by Muhammad Wasif, Director (Programs), Foreign Service Academy visited the Islamabad Chamber of Commerce and Industry (ICCI) and exchanged views with the business community on challenges and opportunities for the Pakistan’s economy. Addressing the delegation, Sardar Yasir Ilyas… Continue reading Diplomats asked to focus on trade diplomacy for promoting Pakistan’s economic interests
Inflation on decline, govt announces reduction in ghee, sugar, flour prices
Announcing reduction in the prices of various essential food items, Federal Minister for Finance and Revenue, Shaukat Tarin said Wednesday that despite highest increase of inflation in a decade worldwide, inflation has declined in the country, owing to balanced policies of the government. “The Consumer Price Index (CPI) based inflation has come down from 9.3… Continue reading Inflation on decline, govt announces reduction in ghee, sugar, flour prices
Pak-Afghan trade now picking up: SAARC-CCI president
LAHORE, Sep 21 (APP): South Asian Association for Regional Cooperation-Chamber of Commerce and Industry (SAARC-CCI) President Iftikhar Ali Malik said on Tuesday that Pak-Afghan trade was now picking up at good pace, as it swelled by 60 per cent last week. Talking to a delegation of exporters, led by Syed Yawer Abbas Bahawalpuri here, he… Continue reading Pak-Afghan trade now picking up: SAARC-CCI president
Currency rates of NBP
KARACHI, Sep 21 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday. CURRENCY SELLING BUYINGUSD 170.89 167.01GBP 233.55 228.23 EUR 200.48 196.26JPY 1.5597 1.5241 SAR 45.62 44.49AED 46.54 45.77
NBP Exchange Rates
KARACHI, Sep 21 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 169.20 168.70EURO EUR 198.83 198.24 JAPANESE YEN JPY 1.5442 1.5397BRITISH POUND GBP 231.24 230.56SWISS FRANC CHF 182.44 181.90 CANADIAN DOLLAR CAD 132.34 131.95AUSTRALIAN DOLAR AUD 122.88 122.52SWEDISH… Continue reading NBP Exchange Rates
Exports increase by 24% to Rs742,259 mln in two months
ISLAMABAD, Sep 20 (APP):The exports from the country in rupee term witnessed an increase of 23.86 per cent during the first two months of the current fiscal year as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. According to PBS provisional figures issued by PBS, the exports from the… Continue reading Exports increase by 24% to Rs742,259 mln in two months
NBP Exchange Rates
KARACHI, Sep 20 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the followingexchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 168.60 168.10EURO EUR 197.79 197.21 JAPANESE YEN JPY 1.5336 1.5290BRITISH POUND GBP 231.15 230.47SWISS FRANC CHF 180.84 180.31 CANADIAN DOLLAR CAD 131.77 131.38AUSTRALIAN DOLAR AUD 121.97 121.60SWEDISH KRONA SEK… Continue reading NBP Exchange Rates
Foreign exchange rates
KARACHI, Sep 20 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the followingExchange rates bulletin, here on Monday. VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. 6 MONTHS US DOLLAR 0.1495 20.09.2021 CONVERSION RATES FOR 20TH SEPTEMBER 2021 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP… Continue reading Foreign exchange rates
Chinese companies to invest US $ 15 bln in Pakistan’s petrochemicals
ISLAMABAD, Sep 19 (APP): Federal Secretary, Board of Investment (BOI), Fareena Mazhar on Sunday said Chinese companies were ready to invest US $15 billion in Pakistan’s petrochemicals sector. Under the said project, Chinese companies would invest in the petrochemical sector in Gwadar, including the project of energy pipeline from Gwadar to China, she told APP.… Continue reading Chinese companies to invest US $ 15 bln in Pakistan’s petrochemicals
Seven projects being executed to reinforce gas transmission network
ISLAMABAD, Sep 19 (APP): The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) are in process of executing at least seven major projects to reinforce gas transmission and distribution systems in their respective areas. The SNGPL is constructing a 12 kilometers (KMs) pipeline to supply 30 million cubic… Continue reading Seven projects being executed to reinforce gas transmission network
SAARC Chamber urges world to give peace a chance to prevail in war torn Afghanistan
ISLAMABAD, Sep 19 (APP): SAARC Chamber of Commerce and Industry on Sunday called upon the West in general and United States in particular to give peace a chance to prevail in war torn Afghanistan by fully supporting economically to rebuild the state. Talking to a delegation of senior lawyers led by Rana Muhammad Aqil Nasir,… Continue reading SAARC Chamber urges world to give peace a chance to prevail in war torn Afghanistan
- Gov’t strongly condemns terrorist attack in Karachi
- Leghari seeks KP Govt’s cooperation in anti-power theft campaign
- Police official inspect a dead body of a suspected attacker at the site of suicide attack on a convoy of foreign nationals in the Landhi area.
- Bilawal Bhutto demands govt to hold tripartite dialogue to curb terrorism
- Roti, naan will be available at official rates. Nanbai Association
