Category: Business

Business news from Pakistan

Govt urged for extending business timings up to 10 pm to save economy from further losses

ISLAMABAD, May 22 (APP): The Islamabad Chamber of Commerce and Industry (ICCI) on Saturday urged the government to extend the business timings in markets from current 8:00 pm to 10:00 pm and for food outlets and restaurants up to 12 midnight so that business activities could flourish smoothly that would help in reviving the overall… Continue reading Govt urged for extending business timings up to 10 pm to save economy from further losses

NAC estimates GDP growth rate at 3.94%, per capita income 13.4% in FY 2020-21

ISLAMABAD, May 21 (APP): The National Accounts Committee (NAC) on Friday estimated that the provisional growth rate of Gross Domestic Product (GDP) during the current fiscal year (2020-2021) was 3.94 percent. “Due to a combination of GDP growth and strengthening of Pak rupee against the US dollar, per capita income of Pakistan jumped by 13.4… Continue reading NAC estimates GDP growth rate at 3.94%, per capita income 13.4% in FY 2020-21

ECC approves credit guarantee scheme for SMEs

ISLAMABAD, May 21 (APP): The Economic Coordination Committee (ECC) of the Cabinet Friday approved various summaries including State Bank of Pakistan’s (SBP) ‘Refinance and Credit Guarantee Scheme for Collateral Free Lending to Small and Medium Enterprises (SMEs)” to facilitate SMEs which do not have collateral to get financing from banks. The meeting of ECC wash… Continue reading ECC approves credit guarantee scheme for SMEs

Textile exports surge 17.35% to $12.692bn in 10 months; 213% in April

Textile exports

ISLAMABAD, May 21 (APP): The exports of textile commodities witnessed an increase of 17.35 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year and surged by 213 percent on year-on-year basis (YoY). The textile exports were recorded at $12692.840 million in July-April (2020-21) against… Continue reading Textile exports surge 17.35% to $12.692bn in 10 months; 213% in April

Leather manufacturer exports increase record 13.29%

ISLAMABAD, May 21 (APP): Leather manufacturer exports during first ten months of FY 2020-21 grew by 13.29 per cent as compared to the exports of the corresponding period of last year. During the period from July-April 20-21, Leather Manufacturer worth US $ 467,789 thousand exported as compared to worth US $ 412,908 thousand of same… Continue reading Leather manufacturer exports increase record 13.29%

Currency rates of NBP

KARACHI, May 21 (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 155.49 151.92 GBP 220.48 215.39 EUR 190.23 185.81 JPY 1.4284 1.3954 SAR 41.50 40.46 AED 42.34 41.35

NBP Exchange Rates

KARACHI, May 21 (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 153.95 153.45 EURO EUR 188.34 187.73 JAPANESE YEN JPY 1.4143 1.4097 BRITISH POUND GBP 218.30 217.59 SWISS FRANC CHF 171.65 171.09 CANADIAN DOLLAR CAD 127.48 127.07… Continue reading NBP Exchange Rates

Foreign exchange rates

KARACHI, May 21 (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 0.1836 21.05.2021 CONVERSION RATES FOR 21TH May… Continue reading Foreign exchange rates

Helvetas play crucial for strengthening rural economy in Pakistan

ISLAMABAD, May 20 (APP):Country head Helvetas Swiss Inter-cooperation Pakistan, Dr. Arjumand Nizami on Wednesday said the role of Helvetas is crucial in strengthening the rural economy in Pakistan for providing employment and health facilities to the common man. In a rural economy, women’s economic empowerment, employment and provision of basic living facilities have always been… Continue reading Helvetas play crucial for strengthening rural economy in Pakistan

SBP introduces advance calendar of Monetary Policy Committee meetings

KARACHI, May 20 (APP):The State Bank of Pakistan (SBP) has decided to begin announcing a half-yearly schedule of Monetary Policy Committee (MPC) meetings on a rolling basis for making the process of monetary policy formulation more predictable and transparent. In a press statement issued here on Thursday, dates for the next four meetings were also… Continue reading SBP introduces advance calendar of Monetary Policy Committee meetings

Pakistan inches towards autarky in energy sector with Chinese collaboration

Raziq Ali Shah/ M Aslam ISLAMABAD, May 20 (APP):Ups and downs are considered a routine matter in bilateral diplomatic ties among the world nations, but it does not apply to Pakistan and China as their multi-dimensional relations always witnessed a unique strength with each passing day for the last 70 years in all weathers. The… Continue reading Pakistan inches towards autarky in energy sector with Chinese collaboration

Foreign Currency Account Scheme

KARACHI, May 20 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Thursday. 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 20-05-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme

Published
Categorized as Business

Foreign exchange rates

KARACHI, May 20 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday. 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 0.1838 20.05.2021 CONVERSION RATES FOR 20TH May 2021… Continue reading Foreign exchange rates

Rs83bln projects identified under CPEC to modernize agriculture sector

  ISLAMABAD, May 19 (APP): As many as 18 projects worth around Rs83 billion have been identified in agriculture sector under the multi-billion dollar China-Pakistan Economic Corridor (CPEC) Project, with an aim to exploit its true potential and modernize it for the sustainable economic growth. “Agriculture development is the main component of the second-phase of… Continue reading Rs83bln projects identified under CPEC to modernize agriculture sector

Tractor production increases 65.24% in ten months

ISLAMABAD, May 19 (APP): The production of farm tractors in the country witnessed an increase of 65.24 percent to 41,327 units during first ten month of financial year 2020-21, against the production of 25,009 units in same period of last year. During the period under review, the production of trucks also witnessed an upward trend… Continue reading Tractor production increases 65.24% in ten months

NBP Exchange Rates

KARACHI, May 19 (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 153.35 152.85 EURO EUR 187.55 186.93 JAPANESE YEN JPY 1.4077 1.4031 BRITISH POUND GBP 217.58 216.87 SWISS FRANC CHF 170.88 170.33 CANADIAN DOLLAR CAD 127.05 126.63… Continue reading NBP Exchange Rates

Foreign Currency Account Scheme

KARACHI, May 19 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Wednesday. 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 19-05-21 For 3 months and over… Continue reading Foreign Currency Account Scheme

Foreign exchange rates

KARACHI, May 19 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. 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 0.1865 19.05.2021 CONVERSION RATES FOR 19TH May… Continue reading Foreign exchange rates

Tarin for curtailing middleman’s role to enhance farmers’ returns by 40pc

ISLAMABAD, May 18 (APP): Federal Minister for Finance and Revenue Shaukat Tarin Tuesday highlighted the importance of curtailing dominance of middleman effectively, which he said would enable the growers to get 35 to 40 percent higher returns of their agricultural produce. The federal minister was speaking at a meeting with Special Assistant to Prime Minister… Continue reading Tarin for curtailing middleman’s role to enhance farmers’ returns by 40pc

Serving the nation since 1947 by providing an accurate, objective, uninterrupted flow of news to the people, the national news service is pursuing a comprehensive strategy to transform the existing news operations into a forward-looking service – APP Digital for its diverse subscriber-base and the public.

Follow Us

APP Services