Foreign Currency Account Scheme

KARACHI, Jul 30 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Friday. 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 30-07-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme

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Foreign exchange rates

KARACHI, Jul 30 (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. LIBOR VALUE 6 MONTHS US DOLLAR 0.1540 30.07.2021 CONVERSION RATES FOR 30TH JULY 2021… Continue reading Foreign exchange rates

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Imam stresses need to promote climate smart agriculture, water conservation to overcome challenges

ISLAMABAD, Jul 29 (APP):Federal Minister for National Food Security and Research Syed Fakhar Imam on Thursday stressed the need for promoting climate resilient and water smart agriculture in addition with water conservation to avert climate change challenges in the country. Addressing a seminar, the minister said that Pakistan was one of the least contributors to… Continue reading Imam stresses need to promote climate smart agriculture, water conservation to overcome challenges

AIDEP aims at expansion of auto industry : Tarin

ISLAMABAD, Jul 29 (APP):Minister for Finance and Revenue, Shaukat Tarin Thursday said that Auto Industry Development and Export Policy (AIDEP) was aimed at promotion of auto industry in the country by increasing the production of cars, motorcycles, tractors at affordable rates. While chairing a meeting to review a draft of Auto Industry Development and Export… Continue reading AIDEP aims at expansion of auto industry : Tarin

Pak-Bahrain agrees to promote bilateral economic, trade relations

ISLAMABAD, Jul 29 (APP):Pakistan and Bahrain on Thursday agree to promote bilateral economic and trade relation by working jointly towards economic growth and greater business harmony. The signing of Memorandum of Understanding (MoU) between Board of Investment of Government of Islamic Republic of Pakistan and Economic Development Board, the Kingdom of Bahrain for Cooperation between… Continue reading Pak-Bahrain agrees to promote bilateral economic, trade relations

Weekly privatisation review meeting held

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ISLAMABAD, Jul 29 (APP):The weekly review meeting of Privatisation Commission on Thursday was informed that hiring of financial advisors to sale remaining properties has been initiated as the Expression of Interest (EOIs) to that effect had already been published. The meeting was held with Federal Minister for Privatisation Mohammad Mian Soomro in chair. The weekly… Continue reading Weekly privatisation review meeting held

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Last date for filing tax-turns is September 30: FBR

PESHAWAR, Jul 29 (APP):Chief Commissioner, Regional Tax Office (RTO) (FBR) Peshawar, Sardar Ali Khawaja Thursday said that this year tax-returns could be filed till September 30 and no extension would be given in that regard. Addressing an online Khuli Kehchri here in Tax House, he said timely depositing of taxes was essential for economic stability… Continue reading Last date for filing tax-turns is September 30: FBR

Pakistan achieves annual trade surplus of $300 million in Italian market: Jauher Saleem

ISLAMABAD, Jul 29 (APP):Ambassador of Pakistan to Italy, Jauhar Saleem on Thursday said that Pakistan had posted trade surplus of $ 300 million with Italy in fiscal year 2020-21, which was 49 percent higher than the previous year of 2019-20. The ambassador informed that Pakistan’s exports to Italy had reached all-time high $ 786 million… Continue reading Pakistan achieves annual trade surplus of $300 million in Italian market: Jauher Saleem

Govt. provides Rs 374.418 mln for Aviation sector projects in July

ISLAMABAD, Jul 29 (APP):The government has so far released an amount of Rs 374.418 million to execute around 17 aviation sector projects under the Public Sector Development Programme (PSDP 2021-22). According to the official data as of July 16, an amount of Rs 374.418 million has been authorized/disbursed against the total allocation of Rs 3,558.20… Continue reading Govt. provides Rs 374.418 mln for Aviation sector projects in July

Currency rates of NBP

KARACHI, Jul 29 (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 164.02 160.28 GBP 228.48 223.23 EUR 194.45 190.33 JPY 1.4940 1.4599 SAR 43.78 42.69 AED 44.67 43.92

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Foreign exchange rates

KARACHI, Jul 29 (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 0.1585 29.07.2021 CONVERSION RATES FOR 29TH JULY 2021… Continue reading Foreign exchange rates

Cotton support price to increase production, bring stability in market: Fakhar

APP83-280721 ISLAMABAD: July 28 - Federal Minister for National Food Security Syed Fakhar Imam chairing the meeting for intervention in price of cotton. APP

ISLAMABAD, Jul 28 (APP):Federal Minister for National Food Security Syed Fakhar Imam Wednesday said the minimum support price of cotton would increase production and bring stability in the market. Chairing the meeting for cotton intervention price, he said the incumbent government was resolutely committed to support the cotton farmers in the country as the cotton… Continue reading Cotton support price to increase production, bring stability in market: Fakhar

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KPP to uplift 4.5m under privileged households: Tarin

Minister for Finance and Revenue Shaukat Tarin chairing a virtual steering committee and Advisory Board of the Kamyab Pakistan Programme

ISLAMABAD, Jul 28 (APP):Minister for Finance and Revenue Shaukat Tarin on Wednesday said that Kamyab Pakistan Programme (KPP) is targeted to uplift 4.5 million under-privileged households registered with the National Socio-Economic Registry (NSER) of the Ehsaas programme. Chairing a virtual steering committee and Advisory Board of the Kamyab Pakistan Programme (KPP), the meeting was held… Continue reading KPP to uplift 4.5m under privileged households: Tarin

ECC re-validates Rs 352 bln for procurement of Covid-19 vaccine

ISLAMABAD, Jul 28 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday re-validated Rs 352 billion in the current fiscal year for procurement of Covid-19 vaccine as the government aimed to vaccinate at least 85 million by December this year. Minister for Finance and Revenue, Shaukat Tarin, chaired the ECC meeting (through a video link),… Continue reading ECC re-validates Rs 352 bln for procurement of Covid-19 vaccine

Soomro reviews debt-recapitalization, refinancing scheme for NPPMCL

ISLAMABAD: July 28 Federal Minister for Privatisation Mohammadmian Soomro chairing a meeting regarding the recapitalization scheme for NPPMCL. APP

ISLAMABAD, Jul 28 (APP):Federal Minister for Privatization Mohammadmian Soomro Wednesday reviewed debt-recapitalization and refinancing scheme for National Power Parks Management Company Limited (NPPMCL). The transaction committee meeting for the privatization of NPPMCL is held under the chairmanship of Federal Minister Mohammadmian Soomro, said a press release issued by Ministry of Privatization here. The transaction committee… Continue reading Soomro reviews debt-recapitalization, refinancing scheme for NPPMCL

People’s satisfaction over Govt facilities increases: PSLM Survey

ISLAMABAD, Jul 28 (APP):Overall satisfaction of people across the country over the basic facilities or services provided by the government witnessed increase, according to latest Pakistan Social and Living Standards Measurement Survey (PSLM-2019-20) conducted by Pakistan Bureau of Statistics (PBS). According to the PSLM findings, households were also asked to give opinion about their satisfaction… Continue reading People’s satisfaction over Govt facilities increases: PSLM Survey

IMF endorses Pakistan’s real GDP growth of 3.9%

ISLAMABAD, Jul 27 (APP):The International Monetary Fund (IMF) endorsed on Tuesday the Pakistan’s real Gross Domestic Product (GDP) growth rate of 3.9%. In its World Economic Outlook report 2021 (Update), the IMF also acknowledged Pakistan’s robust economic performance and said that “Projections are revised up for the Middle East and Central Asia due to robust… Continue reading IMF endorses Pakistan’s real GDP growth of 3.9%

First phase of Allama Iqbal Industrial City under CPEC completes: Mian Kashif Ashfaq

ISLAMABAD, Jul 28 (APP):The first phase of state of the art Allama Iqbal Industrial City, the first Special Economic Zone (SEZ) of Punjab under China Pakistan Economic Corridor (CPEC) has been completed. Talking to a delegation of exporters and investors, Chairman FIEDMC (Faisalabad Industrial Estate Development and Management Company) Mian Kashif Ashfaq here Wednesday said… Continue reading First phase of Allama Iqbal Industrial City under CPEC completes: Mian Kashif Ashfaq

Foreign Currency Account Scheme

KARACHI, Jul 28 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Wednesday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES RATES FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 28-07-21 For 3 months and over but less than 6 months… Continue reading Foreign Currency Account Scheme

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