ISLAMABAD, Jun 10 (APP): Federal Minister for Finance and Revenue Shaukat Tarin Thursday formally launched the pre-budget document, ‘Pakistan Economic Survey 2020-21’. The pre-budget document shared the key economic indicators and the performance of different sectors of the economy during the fiscal year 2020-21. The survey highlighted the main features of the policies undertaken by… Continue reading Pakistan Economic Survey 2020-21 launched
Category: Business
Business news from Pakistan
Rs 900 billion allocated for federal development projects in Budget 2021-22
ISLAMABAD, Jun 9 (APP):The Senate Standing Committee on Planning, Development and Special Initiatives on Wednesday informed that Rs 900 billion have been allocated for federal development projects in upcoming Budget 2021-22. The committee notified that in totality Rs 900 billion have been allocated for federal and Rs 1,202 billion for provincial development projects. The 1st… Continue reading Rs 900 billion allocated for federal development projects in Budget 2021-22
Pharmaceutical Products export increase record 28.38%
ISLAMABAD, Jun 9 (APP):The export of pharmaceutical products, as compared to the last year, rose to 28.38 percent during first ten months of FY 2020-21. According the data released by the Pakistan Bureau of Statistics, during the period from July-April 20-21,Pharmaceutical products worth US $ 226,593 thousand exported as compared to worth US $ 176,497… Continue reading Pharmaceutical Products export increase record 28.38%
Soomro stresses to formulate PFCs for equitable distribution of resources
ISLAMABAD, Jun 9 (APP):Federal Minister for Privatization Muhammad Mian Soomro on Wednesday stressed the need for formulating provincial finance commission in order to ensure equitable distribution of resources among the under privileged areas of the provinces to bring them at par with developed areas of the country. Addressing a press conference along with Minister for… Continue reading Soomro stresses to formulate PFCs for equitable distribution of resources
Depleting water resources call for conservation,management: Leghari
LAHORE, Jun 09 (APP):Punjab Irrigation Minister Muhammad Mohsin Khan Leghari said Wednesday that water conservation and management should be the unavoidable part of every one as depleting water resources have become a biggest threat. He was talking to President of the Lahore Chamber of Commerce & Industry (LCCI) Mian Tariq Misbah and Vice President Tahir… Continue reading Depleting water resources call for conservation,management: Leghari
Govt all set to present its 3rd budget on Friday
ISLAMABAD, May 09 (APP): The incumbent government, led by Pakistan Tahreek-e-Insaf (PTI), is all set to present its third budget for the fiscal year 2021-22 in the Parliament on June 11 (Friday), amid the third wave of Coronavirus (Covid-19), which had affected world economies including Pakistan. The budget will be presented by Federal Minister for… Continue reading Govt all set to present its 3rd budget on Friday
CM for identify development projects in merged distt for inclusion in ADP
PESHAWAR, Jun 09 (APP):Khyber Pakhtunkhwa Chief Minister Mehmood Khan Wednesday asked the public representatives from merged districts to identify priority development projects as per the need of their respective areas for incorporation in Annual Development Program 2021-22. Talking to a delegation of MPAs from the merged districts here at his office, he said the government… Continue reading CM for identify development projects in merged distt for inclusion in ADP
Services trade deficit shrinks 53.01% in 10 months
ISLAMABAD, Jun 9 (APP):The country’s services trade deficit contracted by 53.01 percent during the first ten months of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-April (2020-21) was recorded at $1420.55 million against the deficit of $3022.79 million in July-April (2019-20), according to… Continue reading Services trade deficit shrinks 53.01% in 10 months
Exports increase by 13.97% in 11 months
The exports from the country witnessed an increase of 13.97 percent during the first eleven months of the current fiscal year (2020-21) as compared to the exports of corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July-May (2020-21) were recorded at $22.560 billion against the exports of $19.795 billion… Continue reading Exports increase by 13.97% in 11 months
Govt to unveil Economic Survey 2020-21 on Thursday
ISLAMABAD, Jun 9 (APP): The federal government will launch the pre-budget document, Economic Survey of Pakistan 2020-21 on Thursday with a higher GDP growth rate of 3.94 percent and positive performance of almost all the macro economic indicators during the year. The Survey is scheduled to be shared with media at a press conference here… Continue reading Govt to unveil Economic Survey 2020-21 on Thursday
NBP Exchange Rates
KARACHI, Jun 09 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.25 155.75 EURO EUR 190.33 189.72 JAPANESE YEN JPY 1.4273 1.4227 BRITISH POUND GBP 221.27 220.56 SWISS FRANC CHF 174.34 173.78 CANADIAN DOLLAR CAD 129.03 128.62 AUSTRALIAN… Continue reading NBP Exchange Rates
36 pc hike in development budget approved for FY 22: Asad Umar
ISLAMABAD, Jun 08 (APP): Minister for Planning, Development and Special Initiatives Asad Umar Tuesday said the National Economic Council (NEC) had approved the proposal of overall development outlay of Rs 2.1 trillion for the year 2021-22, showing an increase of 36.4 perecnt as compared to the development budget of Rs 1.527 trillion in the outgoing… Continue reading 36 pc hike in development budget approved for FY 22: Asad Umar
Sarhadi calls for restoration of cargo train service with Turkey, Iran
PESHAWAR, Jun 08 (APP): Convener, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) standing committee on Pakistan Railways, Zia-ul-Haq Sarhadi has called for making effective steps for restoration of cargo train service with Turkey and Iran. In a statement issued here Tuesday, He said that cargo train service is best mean of good transportation… Continue reading Sarhadi calls for restoration of cargo train service with Turkey, Iran
Punjab to get help from California-Uni for improving Seed production: Governor Punjab
ISLAMABAD, Jun 8 (APP): Governor Punjab Ch Muhammad Sarwar Tuesday said that the Punjab government would get help from University of California in learning agricultural-based latest techniques to enhance yield of crops, modernization of irrigation system and quality of seeds. A milestone achievement for Pakistan is that United States of America, the California State parliament… Continue reading Punjab to get help from California-Uni for improving Seed production: Governor Punjab
Foreign exchange rates
KARACHI, Jun 08 (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 0.1649 08.06.2021 CONVERSION RATES FOR 08TH JUNE… Continue reading Foreign exchange rates
Currency rates of NBP
KARACHI, Jun 08 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday. CURRENCY SELLING BUYING USD 157.36 153.75 GBP 222.84 217.71 EUR 191.66 187.26 JPY 1.4383 1.4052 SAR 41.99 40.94 AED 42.85 41.85
NBP Exchange Rates
KARACHI, Jun 08 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 155.80 155.30 EURO EUR 189.76 189.15 JAPANESE YEN JPY 1.4240 1.4195 BRITISH POUND GBP 220.63 219.93 SWISS FRANC CHF 173.54 172.99 CANADIAN DOLLAR CAD 128.89 128.48… Continue reading NBP Exchange Rates
International rise in inflation impacts domestic prices: Tarin
ISLAMABAD, Jun 07 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that owing to the international rising inflationary trend, the domestic price hike could not avoided as Pakistan was the net importer of staple food commodities including wheat, sugar, edible oil and pulses. The federal minister was presiding over the meeting of… Continue reading International rise in inflation impacts domestic prices: Tarin
Govt determined to strengthen financial markets: Tarin
ISLAMABAD, Jun 07 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that the incumbent government was strongly committed to strengthening of the financial markets and was ready to adopt measures that could mobilize capital to more productive sectors. The minister was chairing a meeting here at the Finance Division with Managing Director… Continue reading Govt determined to strengthen financial markets: Tarin
Collateral free loans to businesses soon: SBP
LAHORE, Jun 07 (APP): Governor State Bank of Pakistan Dr. Reza Baqir has said that the SBP is going to initiate a scheme for Financing to Cottage Industry up to Rs 10 million without the collateral. He said that the government will give guarantee to the banks against losses and will invite Expression of Interest… Continue reading Collateral free loans to businesses soon: SBP
