Asad Umar asks Shahbaz Sharif to keep CPEC out of politics

ISLAMABAD, Aug 7 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Saturday asked President Pakistan Muslim League (N) Shahbaz Sharif to keep the national project of China Pakistan Economic Corridor (CPEC) away from his politics. In his tweet, the minister said Prime Minister Imran Khan’s government was committed to take the mega project to… Continue reading Asad Umar asks Shahbaz Sharif to keep CPEC out of politics

Govt committed to facilitate investors: Razak Dawood

LAHORE, Aug 07 (APP):Advisor to Prime Minister on Commerce Razak Dawood said on Saturday that the government was fully committed to provide the best possible package of incentives to foreign and local investors. He added that investors’ facilitation would boost industrial production to strengthen the national economy which promised better living conditions of poor strata… Continue reading Govt committed to facilitate investors: Razak Dawood

PTI’s economic policies bear fruits in 3 years

The Pakistan Tehreek-i-Insaaf government’s prudent economic policies have helped the country come out of deep crisis it was facing in 2018. A comparison data showed that the country’s current economic situation is far better than what it was in the year 2017-18. According to the data released by State Bank of Pakistan (SBP), during fiscal… Continue reading PTI’s economic policies bear fruits in 3 years

Razak Dawood visits FIEDMC to review progress of CPEC industrial city

ISLAMABAD, Aug 7 (APP):Advisor to Prime Minister on Commerce Razak Dawood Saturday visited Faisalabad Industrial Estate Development and Management Company (FIEDMC) office to review the progress of state of the art Allama Iqbal Industrial City, the first Special Economic Zone of the Punjab, under China Pakistan Economic Corridor (CPEC). Chairman FIEDMC Mian Kashif Ashfaq while… Continue reading Razak Dawood visits FIEDMC to review progress of CPEC industrial city

UBG seeks PM’s help in deciding FPCCI election rigging case

LAHORE, Aug 07 (APP):The Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (FPCCI-UBG) Saturday demanded the prime minister to direct the DGTO (Director General Trade Organisation) to decide immediately the pending case of rigging in the FPCCI presidential election. Chairing a 80-member general body meeting of the Group here, UBG Chairman Iftikhar… Continue reading UBG seeks PM’s help in deciding FPCCI election rigging case

ADB grants $500 mln to Pakistan for ‘COVID-19 Vaccine Support Project’

ISLAMABAD, Aug 06 (APP): Minister for Economic Affairs Omar Ayub Khan Friday witnessed a signing ceremony of financing agreement worth US$500 million, granted by the Asian Development Bank (ADB) for ‘COVID-19 Vaccine Support Project under the Asia Pacific Vaccine Access Facility’. The financing agreement was signed by Economic Affairs Division (EAD) Additional Secretary Zulfiqar Haider… Continue reading ADB grants $500 mln to Pakistan for ‘COVID-19 Vaccine Support Project’

ADB approves $500 mln to procure COVID-19 vaccines for Pakistan

ISLAMABAD, Aug 6 (APP):The Asian Development Bank (ADB) Friday approved a $500 million loan to help Pakistan procure and deploy safe and effective coronavirus disease (COVID-19) vaccines and strengthen the country’s capacity to implement its vaccination program. The project will support Pakistan’s National Deployment and Vaccination Plan by purchasing and delivering an estimated 39.8 million… Continue reading ADB approves $500 mln to procure COVID-19 vaccines for Pakistan

Commerce ministry organize virtual ‘E-Commerce Youth Conference’

ISLAMABAD, Aug 6 (APP): The Ministry of Commerce on Friday organized virtual E-Commerce Youth Conference for consultation and implementation of government’s ‘E- commerce Policy’ to empower youth in the country. The Ministry of Commerce planned a one-day Virtual E-Commerce Youth Conference in collaboration with Kamyab Jawan Program, USAID and Pakistan Regional Economic Integration Activity (PREIA),… Continue reading Commerce ministry organize virtual ‘E-Commerce Youth Conference’

Prices of chicken, eggs, tomatoes, pulses, other food items go down

ISLAMABAD, Aug 6 (APP):The prices of various food items went down considerably during the week ending on August 5, 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 tomatoes witnessed decrease of 18 per cent whereas… Continue reading Prices of chicken, eggs, tomatoes, pulses, other food items go down

Currency rates of NBP

KARACHI, Aug 06 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYING USD 165.39 161.60 GBP 230.25 224.99 EUR 195.55 191.42 JPY 1.5055 1.4711 SAR 44.15 43.05 AED 45.04 44.29

EXCHANGE RATES FOR CURRENCY NOTES

KARACHI, Aug 06 (APP): CURRENCY SELLING BUYING USD 165.39 161.62 GBP 230.25 224.99 EUR 195.55 191.42 JPY 1.5055 1.4711 SAR 44.15 43.05 AED 45.04 44.29 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.08958 LIBOR 3M 0.12175 LIBOR 6M 0.15500 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/ 15 DAYS 1M 2M 3M… Continue reading EXCHANGE RATES FOR CURRENCY NOTES

NBP Exchange Rates

KARACHI, Aug 06 (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 163.75 163.25 EURO EUR 193.94 193.35 JAPANESE YEN JPY 1.4906 1.4860 BRITISH POUND GBP 227.97 227.28 SWISS FRANC CHF 180.39 179.84 CANADIAN DOLLAR CAD 130.96 130.56… Continue reading NBP Exchange Rates

Foreign exchange rates

KARACHI, Aug 06 (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 0.1550 06.08.2021 CONVERSION RATES FOR 06TH AUGUST… Continue reading Foreign exchange rates

Foreign Currency Account Scheme

KARACHI, Aug 06 (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 06-08-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme

Tarin commends FBR for record revenue collection in July

ISLAMABAD, Aug 5 (APP):Minister for Finance and Revenue, Shaukat Tarin Thursday commended the performance of Federal Board of Revenue (FBR) for record revenue collection during the first month (July) of current fiscal year. Chairing a meeting of the APEX Committee on broadening the tax base and integration of retail businesses here, he said that the… Continue reading Tarin commends FBR for record revenue collection in July

Gold price declines by Rs300 to Rs 110,300 per tola

ISLAMABAD, Aug 05 (APP):The price of 24 karat per tola gold witnessed decrease of Rs 300 and was sold at Rs110,300 in the local market on Thursday against its sale at Rs 110,600 previous day, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat also decreased by Rs258 and was traded… Continue reading Gold price declines by Rs300 to Rs 110,300 per tola

2.68 % surplus witnessed in Pak-Germany trade: SBP

ISLAMABAD, Aug 5 (APP): Pakistan’s goods and services trade with Germany witnessed surplus of 2.68 percent during fiscal year (2020-21) as compared to the corresponding period of last year. The overall exports to Germany were recorded at $1511.227 million during July-June (2020-21) against exports of $1302.991 million during July-June (2019-20), showing growth of 15.98 percent,… Continue reading 2.68 % surplus witnessed in Pak-Germany trade: SBP

Low-cost grain storage technology to be imported from Argentina: Fakhar

H.E. Leopold Francisco Sahores Ambassador of Argentina in Pakistan called upon the Federal Minister of National Food Security and Research Mr. Syed Fakhar Imam

ISLAMABAD, Aug 04 (APP): Federal Minister for National Food and Security and Research Syed Fakhar Imam on Wednesday said that Pakistan would import low cost grain storage technology from Argentina and enhance its technological outreach gradually. The minister was talking to Ambassador of Argentina in Pakistan Leopold Francisco Sahores, who called on him here. Fakhar… Continue reading Low-cost grain storage technology to be imported from Argentina: Fakhar

Minister vows to speed up pace of CPEC projects

ISLAMABAD, Aug 4 (APP):Minister for Planning, Development and Special Initiatives Asad Umar vowed on Wednesday to speed up the pace of projects under the mega China Pakistan Economic Corridor (CPEC). He was talking to Special Assistant to Prime Minister on China Pakistan Economic Corridor (CPEC) affairs Khalid Mansoor who called him here. During the meeting… Continue reading Minister vows to speed up pace of CPEC projects

WB acknowledges Pakistan’s effective management of COVID crisis

ISLAMABAD, Aug 4 (APP): Vice President of the World Bank’s South Asia Region Hartwig Schafer here on Wednesday acknowledged the efforts made by Pakistan for effective management of the Covid-19 crisis. During a meeting with Minister for Planning Development and Special Initiatives Asad Umar along with Country Director Najy Benhassine, he said, the World Bank… Continue reading WB acknowledges Pakistan’s effective management of COVID crisis

Category: Business

Business news from Pakistan