ISLAMABAD, Jun 15 (APP): Federal Minister for Finance and Revenue Shaukat Tarin Tuesday said the government would make all-out efforts to take the Gross Domestic Product (GDP) growth rate up to 7 percent by 2023. For the upcoming fiscal year, the GDP growth rate target was to 5 to 5.5 percent and by over 6… Continue reading Govt sets 7% GDP growth target by 2023: Tarin
Category: Business
Business news from Pakistan
Budget 2021-22 will provide economic prosperity in Pakistan: Senator Ali Zafar
ISLAMABAD, Jun 15 (APP): Leader of Pakistan Tehreek-e-Insaf (PTI), Senator Syed Ali Zafar on Tuesday declared Budget 2021–22 as an agenda of economic prosperity and development for the country. “It (Budget) different by it’s kind from all of the previous budgets that presented by different governments.” he said. Taking part in budget debate during the… Continue reading Budget 2021-22 will provide economic prosperity in Pakistan: Senator Ali Zafar
Cotton sowing targets completed over 1.96 mln hectares, output targets like to be achieved
ISLAMABAD, Jun 15 (APP): Federal Minister for National Food Security and Research Syed Fakhar Imam on Monday was told that cotton sowing had been completed over 1.96 million hectares as against the set targets of 2.32 million hectares. The minister chaired a meeting, which was held here in order to discuss cotton intervention price, besides… Continue reading Cotton sowing targets completed over 1.96 mln hectares, output targets like to be achieved
Cars sale, production increased by 56.63 and 49.67% respectively in 11 months
ISLAMABAD, Jun 15 (APP): The sale and production of cars witnessed an increase of 56.63 and 49.67 percent respectively during the first eleven months of financial year 2020-21 as compared to corresponding period of last year. During the period under review, as many as 139,613 cars were sold against the sale of 89,130 units while… Continue reading Cars sale, production increased by 56.63 and 49.67% respectively in 11 months
Foreign Currency Account Scheme
KARACHI, Jun 15 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Tuesday. 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 15-06-21 For 3 months and over… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Jun 15 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday. 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 0.1525 15.06.2021 CONVERSION RATES FOR 15TH JUNE… Continue reading Foreign exchange rates
FBR clarifies taxation of salary income in budget proposals
ISLAMABAD, Jun 14 (APP): Federal Board of Revenue (FBR) has issued a clarification on a news story published in the daily Express Tribune, in its issue dated 14th June, 2021 regarding recent budget proposals on taxation of salary income. FBR has stated that the story contains some incorrect or misleading content; therefore FBR would like… Continue reading FBR clarifies taxation of salary income in budget proposals
Tarin directs NPMC to minimize price gap between growers, retailers
ISLAMABAD, Jun 14 (APP):Federal Minister for Finance and Revenue Shaukat Tarin on Monday directed the National Price Monitoring Committee (NPMC) to adopt a comprehensive and pro active strategy to minimize the prices gap between growers and retailers. The minister was presiding over the meeting of the National Price Monitoring Committee (NPMC) here, according to press… Continue reading Tarin directs NPMC to minimize price gap between growers, retailers
Agriculture sector top priority of govt: Shaukat
ISLAMABAD, Jun 14 (APP):Federal Minister for Finance and Revenue Shaukat Tarin Monday said that development and promotion of agriculture sector was the top most priority of the government. He said this during a meeting with a representative delegation of Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) lead by Lt. General (Retired) Triq Khan, SAPM on… Continue reading Agriculture sector top priority of govt: Shaukat
Tarin hopes IMF programme to continue
ISLAMABAD, Jun 14 (APP):Federal Minister for Finance Shaukat Tarin, ruling out any disagreement between Pakistan and International Monetary Fund (IMF), on Monday said the Extended Fund Facility (EFF) programme would continue as both wanted it to move forward. “Both the Government of Pakistan and the IMF want to continue the programme,” the minister said while… Continue reading Tarin hopes IMF programme to continue
Fiscal budget 2021-22 gives relief to masses, praised by business community: Qalandar Lodhi
ABBOTTABAD, Jun 14 (APP): KP Minister for Revenue Qalandar Khan Lodhi on Monday said except for opposition political parties every Pakistani was praising the federal government fiscal budget 2021-22 which has provided a huge relief to every business sector and employees despite challenges in wake of COVID-19. While talking to the media here, the minister… Continue reading Fiscal budget 2021-22 gives relief to masses, praised by business community: Qalandar Lodhi
Foreign Currency Account Scheme
KARACHI, Jun 14 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Monday. 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 14-06-21 For 3 months and over… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Jun 14 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. 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 0.1483 14.06.2021 CONVERSION RATES FOR 14TH JUNE 2021… Continue reading Foreign exchange rates
Russia allows import of Pakistani rice from June11: Razak Dawood
ISLAMABAD, Jun 13 (APP): Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Sunday informed that Russia has allowed import of Pakistan’s rice from June11. Initially four firms have been allowed and more would be granted permission after virtual inspection by Russian authorities who would be coordinated by DPP, the Advisor for… Continue reading Russia allows import of Pakistani rice from June11: Razak Dawood
Govt. sets exports target of US $ 35 bln for FY 2021-22: Razak Dawood
ISLAMABAD, Jun 12 (APP): Advisor to the Prime Minister for Commerce and Investment Abdul Razaq Dawood on Saturday said the government had set the exports target of US $ 35 billion for upcoming Fiscal Year 2021-22. In current FY 2020-21, “We expect exports of US $ 30 billion, including US $25 billion exports in goods… Continue reading Govt. sets exports target of US $ 35 bln for FY 2021-22: Razak Dawood
Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
ISLAMABAD, Jun 12 (APP): Federal Minister for Finance and Revenue Shaukat Tarin Saturday said the main focus of the inclusive growth-oriented federal budget for the fiscal year 2021-22 was to uplift the poor so that they would not have to wait for trickle-down effect of economic progress. The low-income people had been waiting for that… Continue reading Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
Govt to introduce cash prize scheme for shoppers
ISLAMABAD, Jun 12 (APP): Minister for Finance and Revenue Shaukat Tarin Saturday said the government had decided to introduce a cash prize scheme worth of Rs 250 million per month for the common consumers or shoppers, urging them to ensure receiving of authentic receipt from the shopkeepers. It would ultimately help stop tax evasion and… Continue reading Govt to introduce cash prize scheme for shoppers
Govt to provide interest free loans to farmers, particularly small scale growers: Tarin
ISLAMABAD, Jun 12 (APP): Minister for Finance, Shaukat Fayyaz Ahmed Tarin on Saturday said the government was keen to develop agriculture sector on modern lines to enhance per-acre output of all major and minor crops which would help curtail increasing trend of food prices in the country. Addressing the post budget press conference here, Tarin… Continue reading Govt to provide interest free loans to farmers, particularly small scale growers: Tarin
People of Sindh hailed federal budget 2021-22
SUKKUR, Jun 12 (APP): People belonging to various walks of life have hailed the federal budget for fiscal year 2021-22. Talking to APP here on Saturday, PML-Functional Finance Secretary Sindh Syed Shafqat Shah said the government had announced a business-friendly budget despite economic crunch and a number of challenges on different fronts. It was a balanced… Continue reading People of Sindh hailed federal budget 2021-22
Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
ISLAMABAD, Jun 12 (APP):Federal Minister for Finance and Revenue Shaukat Tarin Saturday said the main focus of the inclusive growth-oriented federal budget for the fiscal year 2021-22 was to uplift the poor so that they would not have to wait for trickle-down effect of economic progress. The low-income people had been waiting for that for… Continue reading Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
- Foreign exchange rates
- Pakistan needs strong defence in view of its location in ‘rough’ neighbourhood: Masood Khan
- Naval Chief participates in 19th Western Pacific Naval Symposium in China
- Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
- Heatwave amid Israel’s aggression in Gaza brings new misery, disease risk
