10 single cabin vehicles mounted with Ultra Low Volume sprayers handed over to Department of Plant Protection

ISLAMABAD, Aug 14 (APP): The Food and Agriculture Organization (FAO) of the United Nations, under the FAO-China South-South Cooperation (SSC) Programme on Saturday handed over 10 single cabin vehicles mounted with Ultra Low Volume (ULV) sprayers to the Department of Plant Protection (DPP), Government of Pakistan. The programme was funded by the Government of the… Continue reading 10 single cabin vehicles mounted with Ultra Low Volume sprayers handed over to Department of Plant Protection

Employment opportunities can be increased by accelerating process of industrialization: Khusro Bakhtiar

LAHORE, Aug 13 (APP):Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar on Friday said that employment opportunities could be increased only by accelerating the process of industrialization. He expressed these views while presiding over a video link meeting along with Punjab Minister for Industries and Commerce Mian Aslam Iqbal here at committee room of… Continue reading Employment opportunities can be increased by accelerating process of industrialization: Khusro Bakhtiar

Increased remittances depict expatriates’ confidence in govt policies: PM

ISLAMABAD, Aug 13 (APP): Prime Minister Imran Khan on Friday describing the Overseas Pakistanis as country’s precious asset said the increasing numbers of foreign remittances depicted their confidence in the government’s policies. He was presiding over a review meeting for the ease of Overseas Pakistanis in sending remittances under the priority sectors and their further… Continue reading Increased remittances depict expatriates’ confidence in govt policies: PM

IMF allocations to take forex reserves to historic high level: SBP Governor

ISLAMABAD, Aug 13 (APP):Governor State Bank of Pakistan (SBP), Reza Baqir said Friday that the foreign exchange reserves of the central bank would reach to the historic high level once the country receives $2.77 billion on August 23 from International Monetary Fund’s (IMF) general allocations of $ 650 billion that had been approved to boost… Continue reading IMF allocations to take forex reserves to historic high level: SBP Governor

Prices of eggs, onions, pulses go down

ISLAMABAD, Aug 13 (APP): The prices of various food items went down during the week ending on August 12, as compared to the previous week, the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) Friday revealed. According to the data, the prices of food items that witnessed decrease included bananas, prices… Continue reading Prices of eggs, onions, pulses go down

Retailers grabbing good business on Independence Day

ISLAMABAD, Aug 13 (APP):Preparation for 75th Independence Day celebrations have stirred the trading activities across the country as the people are out in the markets to buy national flags, banners, bunts, printed facemasks, horns besides dining out, purchasing sweets and other bakery items. Although the prevailing COVID-19 pandemic has affected the business but a big… Continue reading Retailers grabbing good business on Independence Day

Tarin seeks exporters’ proposals for facilitation to spur exports

ISLAMABAD, Aug 13 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Friday reiterated his unflinching support to the exporters, encouraging them to come up with a well-rounded proposal, enabling government for better facilitation and timely support amid and post-COVID-19 scenarios. Chairing a meeting with a delegation of exporters, the finance minister urged for… Continue reading Tarin seeks exporters’ proposals for facilitation to spur exports

UK-Pak Business Council playing key role in attracting foreign investment to Pakistan

ISLAMABAD, Aug 13 (APP):UK-Pak Business Council is playing effective role in attracting foreign investment to Pakistan and establishing collaboration between investors for setting up joint ventures in various sectors of economy. Chairman UK-Pak Business Council Pakistan chapter Mian Kashif Ashfaq while talking to a delegation of importers and exporters led by Rehmat Ullah Javed said… Continue reading UK-Pak Business Council playing key role in attracting foreign investment to Pakistan

Foreign exchange rates

KARACHI, Aug 13 (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 0.1574 13.08.2021 CONVERSION RATES FOR 13TH AUGUST 2021… Continue reading Foreign exchange rates

NBP Exchange Rates

KARACHI, Aug 13 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 164.45 163.95 EURO EUR 193.40 192.82 JAPANESE YEN JPY 1.4895 1.4849 BRITISH POUND GBP 227.18 226.49 SWISS FRANC CHF 178.16 177.62 CANADIAN DOLLAR CAD 131.38 130.98 AUSTRALIAN… Continue reading NBP Exchange Rates

CCP imposes historic Rs 44 bn penalty on PSMA, sugar mills for anti-competitive conduct

ISLAMABAD, Aug 13 (APP):The Competition Commission of Pakistan (CCP) has passed an order against Pakistan Sugar Mills Association (PSMA) and 81 member mills, imposing Rs 44 billion penalties on them for violations of Section 4 of the Competition Act, 2010. The Commission initiated an enquiry in order to analyse “possible anti-competitive activities in the sugar… Continue reading CCP imposes historic Rs 44 bn penalty on PSMA, sugar mills for anti-competitive conduct

SECP becomes first govt agency to offer WhatsApp Support Service

ISLAMABAD, Aug 12 (APP): The Securities and Exchange Commission of Pakistan (SECP), to promptly response public queries regarding incorporation of companies, has introduced its WhatsApp Channel for Business Care. The WhatsApp help line number is first of its kind service in Pakistan’s Public sector, said a press release issued here. The WhatsApp service can be… Continue reading SECP becomes first govt agency to offer WhatsApp Support Service

Pakistan offer huge opportunities for investment in tourism

ISLAMABAD, Aug 12 (APP): The Board of Investment (BOI) on Thursday said that Pakistan has huge potential for investment in the tourism sector and the government has offered huge opportunities in the sector. Pakistan had a liberal investment regime and there were numerous opportunities for investment in Pakistan, Secretary BOI said. Fareena Mazhar said this… Continue reading Pakistan offer huge opportunities for investment in tourism

Pakistan to receive $2.77 bln from IMF on Aug 23

ISLAMABAD, Aug 12 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin said Thursday that Pakistan would get $2.77 billion on August 23 from International Monetary Fund’s (IMF) general allocations of $ 650 billion that had been approved to boost global liquidity amid the coronavirus pandemic across the globe. Addressing a press conference here, the Finance… Continue reading Pakistan to receive $2.77 bln from IMF on Aug 23

Technological advancements vital for agriculture growth: Imam

ISLAMABAD, Aug 12 (APP): Federal Minister for National Food Security and Research Syed Fakhar Imam on Thursday said that science and technology was the key to upgrading agriculture and transforming it from low value crops to high value crops to boost economy. He was addressing ‘National Workshop on Irrigation Water Management’ organised by Asian Disaster… Continue reading Technological advancements vital for agriculture growth: Imam

Govt supporting e-commerce to spur economic growth: Tarin

ISLAMABAD, Aug 12 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Thursday that the government was supportive of promoting E-Commerce industry as a catalyst to economic growth and source of future foreign direct investments. Chairing a meeting with the representatives of Daraz, one of the prominent digital market- places in Pakistan, the finance… Continue reading Govt supporting e-commerce to spur economic growth: Tarin

Pakistani banker appointed to top position in a global bank

ISLAMABAD, Aug 12 (APP): Farhan Faruqui, an eminent international banker, has been appointed as Group Chief Financial Officer of The Australia and New Zealand Banking Group (‘ANZ’). Founded in 1835, the bank is one of the largest banks in the world measured by total assets of more than AUD one trillion, and 50,000 employees.… Continue reading Pakistani banker appointed to top position in a global bank

CCoCPEC approves summary for acceleration of power supply to Gwadar

ISLAMABAD, Aug 12 (APP):The Cabinet Committee on CPEC (CCoCPEC) approved on Thursday a summary moved by the Power Divsision containing proposals for the acceleration of the power supply to Gwadar. The CCoCPEC allowed National Transmission and Dispatch Company (NTDC) to change its executing agency to expedite the work and ensure that the project is completed… Continue reading CCoCPEC approves summary for acceleration of power supply to Gwadar

Cars’ sale surge 104% in July

The sale of cars during the month of July 2021 surged by 104.17% as compared to same month of last year, a latest data released by Pakistan Automobile Manufacturing Association (PAMA) said. According to the data, as many as 20,669 cars were sold in the period under review as compared to the sale of 10,123… Continue reading Cars’ sale surge 104% in July

Currency rates of NBP

KARACHI, Aug 12 (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 165.99 162.21 GBP 230.28 225.00 EUR 194.92 190.37 JPY 1.5040 1.4696 SAR 44.31 43.20 AED 45.20 44.45

Category: Business

Business news from Pakistan