Category: Business

Business news from Pakistan

Irrational use aggravating water crisis: DG Aab-e-Pak

FAISALABAD, Feb 21 (APP):Managing Director Punjab Aab-e-Pak Authority and Punjab Municipal Development Fund Company Syed Zahid Aziz has said that although Pakistan is blessed with plenty of water reservoirs, yet vast population and irrational use of water are aggravating its crisis that will play havoc with the lives of the people. He was speaking as… Continue reading Irrational use aggravating water crisis: DG Aab-e-Pak

FBR working on extension of EFS to whole textile value chain: chief collector

LAHORE, Feb 21 (APP):Punjab’s Chief Collector Customs (Appraisement) Muhammad Sadiq has said that the Federal Board of Revenue (FBR) is working on extension of Export Facilitation Scheme (EFS) to the whole textile value chain. Talking to members of APTMA [All Pakistan Textile Mills Association] during an interactive session on exports and other Customs related issues… Continue reading FBR working on extension of EFS to whole textile value chain: chief collector

Administrator MCI assures to address issues of business community

ISLAMABAD, Feb 21 (APP):Administrator, Metropolitan Corporation Islamabad (MCI) Rana Waqas Anwar on Wednesday said that MCI wanted to move forward with the consensus of the business community to address their issues and facilitate them in business promotion The administrator along with his team visited the Islamabad Chamber of Commerce and Industry and interacted with the… Continue reading Administrator MCI assures to address issues of business community

Sudanese envoy, LCCI chief want more trade between his country, Pakistan

LAHORE, Feb 21 (APP):Ambassador of Sudan Salih Mohamed Ahmed Mohamed Siddig has said that Sudan and Pakistan have very good relations but the economic ties are below the ambitions. Sudan is very rich in natural resources, agriculture, mining and livestock, and is keen to make mutual trade and economic ties stronger. He expressed these views… Continue reading Sudanese envoy, LCCI chief want more trade between his country, Pakistan

PSX continues with bullish trend, gains 1,094 points

  ISLAMABAD, Feb 21 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 1,094.91 points, a positive change of 1.81 percent, closing at 61,559.16 points against 60,464.24 points the previous trading day. A total of 362,771,035 shares valuing Rs 12.492 billion were traded during the day as compared to… Continue reading PSX continues with bullish trend, gains 1,094 points

SCCI donates office equipment to BFC manager

SIALKOT, Feb 21 (APP):President Sialkot Chamber of Commerce and Industry (SCCI) Abdul Ghafoor Malik hosted a delegation from the Business Facilitation Centre (BFC) Sialkot, marking a significant occasion wherein essential office supplies and equipment were formally handed over. During the meeting, the SCCI president stressed the need to bolster awareness of the facilitation centre among… Continue reading SCCI donates office equipment to BFC manager

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Gold rates up by Rs 750 per tola to Rs 215,200

ISLAMABAD, Feb 21 (APP):The price of per tola 24 karat gold increased by Rs 750 and was sold at Rs 215,200 on Wednesday compared to its sale at Rs 214,450 on the last trading day. The price of 10 grams of 24 karat gold also increased by Rs 644 to Rs 184,500 from Rs 183,856… Continue reading Gold rates up by Rs 750 per tola to Rs 215,200

Rupee gains 07 paisa against dollar

ISLAMABAD, Feb 21 (APP): The Rupee on Wednesday gained 07 paisa against the US dollar in the interbank trading and closed at Rs279.49 against the previous day’s closing of Rs279.56. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs279.75 and… Continue reading Rupee gains 07 paisa against dollar

KPT shipping movements report

KARACHI, Feb 21 (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24hours, ending at 0700 hours on Wednesday. SHIPS BERTHED: Ever Utile Container Ship Aqua-1Boat Xin Shan TouContainer Ship Euphoria Container Ship LV LizzyTanker SHIPS SAILED: Captain Karam YM Express Meizan CSCL Jupiter EXPECTED SAILING: DATE Ian H21-02-2024 Ever… Continue reading KPT shipping movements report

Call for corporate tax reforms to spur economic development

LAHORE, Feb 21 (APP):Corporate tax reforms are essential to spur Pakistan’s economic potential and innovation, thus improving living standard of the people. Talking to a delegation of industrialists here, Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq Wednesday said on Wednesday that new government must prioritize these reforms to pave the way for… Continue reading Call for corporate tax reforms to spur economic development

Kerb currency market

KARACHI, Feb 21 (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Wednesday. F.C. BUYING SELLING INTER BANK 279.60 279.80 USD 279.70 282.50 EURO 301.80 304.30 GBP 351.80 355.35 JPY 1.84 1.94 AED76.10 76.90 SAR74.40 75.10 CAD 205.40 208.40 AUD 181.25 184.25

Shipping Activity at Port Qasim

KARACHI, Feb 21 (APP):Five ships, Maersk Brooklyn, Beks Nazik, Sea Champion, Simaisam and Torm Elizabeth carrying Containers, Wheat, Canola seeds, LNG and Gas oil, berthed at Container Terminal, Multi-Purpose Terminal, Grain Terminal and Oil Terminal respectively on Tuesday. Meanwhile eight more ships, Xpress Salween, Jade Prosperity, Chemroad Haya, Medi Chiba, Fame, Sunny Bay and Ullswater… Continue reading Shipping Activity at Port Qasim

NBP Exchange Rates

KARACHI, Feb 21 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday the following exchange rates. URRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 279.95 279.45 EURO EUR            303.39  302.85 JAPANESE YEN JPY 1.8679  1.8646 BRITISH POUND GBP 353.73 353.10 SWISS FRANC CHF 317.90 317.33 CANADIAN DOLLAR… Continue reading NBP Exchange Rates

ICCI, RIUJ vow to work together to promote economic interests

ISLAMABAD, Feb 20 (APP):President, Islamabad Chamber of Commerce and Industry (ICCI) Ahsan Zafar Bakhtawari, leading a delegation, visited the Rawalpindi Islamabad Union of Journalists (RIUJ) and congratulated the newly elected President Tariq Ali Virk, Secretary General Asif Bashir Chaudhry and other office bearers of the Union. Speaking on the occasion, Ahsan Bakhtawari said that the… Continue reading ICCI, RIUJ vow to work together to promote economic interests

Stakeholders meeting on ‘Fertilizer Right Pakistan Project’ held

ISLAMABAD, Feb 20 (APP):Pakistan Agricultural Research Council (PARC), International Center for Agricultural Research in the Dry Areas (ICARDA) and USDA Jointly Organised a two-day stakeholders meeting on ‘Fertilizer Right Pakistan Project’. This project aims to enhance productivity through the efficient use of fertilizers and to reduce greenhouse gas (GHG) emissions. Addressing the inaugural session Dr… Continue reading Stakeholders meeting on ‘Fertilizer Right Pakistan Project’ held

Plugging loopholes of smuggling is herculean task: Dr Sajjad Arshad

FAISALABAD, Feb 20 (APP):Plugging loopholes of smuggling and ensuring availability of dollar at a stable rate was herculean task but at the same time provision of energy at regionally competitive rates was more imperative to catalyze the economy, said Dr Sajjad Arshad, Acting President Faisalabad Chamber of Commerce & Industry (FCCI). He was addressing to… Continue reading Plugging loopholes of smuggling is herculean task: Dr Sajjad Arshad

FBR collections grow by 30% to Rs.5.1 trillion till mid February

ISLAMABAD, Feb 20 (APP):The Federal Board of Revenue (FBR) collected Rs.5.150 trillion since July 2023 to mid of February 2024 against Rs.3.973 trillion over the same period last fiscal year, showing growth of 30 percent. During the course of this period, tax refunds grew by more than 28 percent, according to press statement issue by… Continue reading FBR collections grow by 30% to Rs.5.1 trillion till mid February

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