Spices import increased 31.32% in 8 months

ISLAMABAD, Apr 15 (APP):The import of spices into the country has witnessed an increase of 31.32 percent during eight months of the current financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported spices worth US $138.361 million during July-February (2020-21) as compared to the imports of US $105.365 million during… Continue reading Spices import increased 31.32% in 8 months

BOI presented Pakistan’s investment strategy in UN forum

ISLAMABAD, Apr 14 (APP): The Board of Investment (BOI) on Wednesday presented Pakistan’s Investment Strategy and Sustainable Development Goals (SDGs) Projects at SDG Investment Fair 2021. While Federal Secretary of BOI, Fareena Mazhar informed that BOI has a repository of over $14 billion SDG aligned projects in the sector of transport and communication, energy including… Continue reading BOI presented Pakistan’s investment strategy in UN forum

ECC withdraws customs duty on cotton yarn import

File Photo

ISLAMABAD, Apr 14 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday withdrew Customs Duty on import of cotton yarn till June 30,2021, to ensure smooth supply of the commodity to the value-added industry, while bridging the gap between domestic production and overall demand for the inputs. The summary for withdrawal of Customs Duty… Continue reading ECC withdraws customs duty on cotton yarn import

Traders of SAARC region urged to reduce 50 percent profit during Ramzan

ISLAMABAD, Apr 14 (APP):SAARC Chamber of Commerce and Industry ,an apex body in the region,Wednesday urged the traders of Pakistan, Bangladesh, Afghanistan, Maldives and India to reduce 50 percent profit to provide solace to the poor strata of the society during the holy month of Ramadan. Talking to a delegation of traders, President SAARC chamber… Continue reading Traders of SAARC region urged to reduce 50 percent profit during Ramzan

Fiscal stimulus improves economy, strengthens recovery prospects

ISLAMABAD, Apr 14 (APP): The government’s fiscal stimulus has succeeded in improving economic as well as social outlook, strengthening the prospects of the country’s economic recovery as indicated by various indicators. “The expectations of economic recovery are strengthening on the basis of improvement in business confidence evident from industrial growth,” official sources said adding the… Continue reading Fiscal stimulus improves economy, strengthens recovery prospects

Hashim hints at separate jobs quota for South Punjab

LAHORE, Apr 13 (APP):Punjab Finance Minister Makhdoom Hashim Jawan Bakht said on Tuesday that a separate quota would be allotted for the people of South Punjab in government jobs. Chairing the third meeting of the Ministerial Committee constituted by the Chief Minister to determine the powers and improve the performance of South Punjab Civil Secretariat… Continue reading Hashim hints at separate jobs quota for South Punjab

Published
Categorized as Business

Automobile sale rises 31 pc in 9 months

ISLAMABAD, Apr 13 (APP): The sale of cars during first three quarters (Jul-Mar) of current fiscal year has increased by 31 percent as compared to the period of last year, a data released by Pakistan Automobile Manufacturing Association (PAMA) said on Tuesday. According to the data, as many as 112,244 cars were sold in the… Continue reading Automobile sale rises 31 pc in 9 months

Govt to promote innovation in industries to make them competitive: Fawad

ISLAMABAD, Apr 13 (APP): Federal Minister for Science and Technology Chaudhry Fawad Hussain Tuesday said that the government would promote innovation in industries for improving their competitiveness in national and international markets. He said this while exchanging views with a delegation of Islamabad Chamber of Commerce and Industry that called on him led by Sardar… Continue reading Govt to promote innovation in industries to make them competitive: Fawad

Malik thanks FATF chief for carrying out evaluation of Indian anti-money laundering regime

File Photo

ISLAMABAD, Apr 12 (APP): Pakistan Peoples Party’s (PPP) Senator A Rehman Malik on Monday thanked Financial Action Task Force (FATF) President Dr Marcus Pleyer for his commitment to carry out the evaluation of India’s mechanism to deal with financial crimes. “I have been persistently writing to the FATF president about Indian Prime Minister Narendra Modi… Continue reading Malik thanks FATF chief for carrying out evaluation of Indian anti-money laundering regime

PSX hosts Gong ceremony to mark beginning of cooperation between SBP, PSX on multiple initiatives

KARACHI: April 12 - Governor State Bank of Pakistan (SBP), Dr. Reza Baqir addressing as Pakistan Stock Exchange (PSX) hosted at Gong Ceremony to mark the beginning of a new chapter of cooperation between SBP and PSX on multiple initiatives. APP

KARACHI, Apr 12 (APP):Pakistan Stock Exchange (PSX) welcomed Governor State Bank of Pakistan (SBP), Dr Reza Baqir at its Gong ceremony to mark the beginning of a new chapter of cooperation between the Central Bank and PSX on multiple initiatives. SBP and PSX have recently been working closely to improve and widen the access of… Continue reading PSX hosts Gong ceremony to mark beginning of cooperation between SBP, PSX on multiple initiatives

Pakistan, IMF discuss way forward for economic reforms

ISLAMABAD, Apr 12 (APP):Pakistan and International Monetary Fund (IMF) Monday discussed the way forward for vital economic reforms and external financing needed to build a better future for the people of Pakistan. The discussion was made in a virtual meeting between IMF Managing Director (MD), Kristalina Georgieva and Federal Minister for Finance and Revenue, Hammad… Continue reading Pakistan, IMF discuss way forward for economic reforms

Pakistan’s high end superfast CV charging station inaugurated in Islamabad

ISLAMABAD, Apr 12 (APP):Pakistan’s High End Superfast CV Charging Station inaugurated in Islamabad on Monday that would help in decreasing the reliance on fossil fuels and help in reducing environmental pollution. It would bring multiple benefits to the economy that included reducing environment pollution, promoting healthy climate, making significant cut in oil import bill, saving… Continue reading Pakistan’s high end superfast CV charging station inaugurated in Islamabad

Pakistan’s exports to Germany show 8.79% increase in 8 months

ISLAMABAD, Apr 12 (APP):Pakistan’s exports of goods and services to Germany has witnessed an increase of 8.79 percent during the eight months of financial year (2020-21) as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to Germany were recorded at $989.729 million during July-February (2020-21) against… Continue reading Pakistan’s exports to Germany show 8.79% increase in 8 months

Workers’ remittances witness 43pc increase in March: Hammad

ISLAMABAD, Apr 12 (APP):Federal Minister for Finance and Revenue Hammad Azhar Monday said that workers’ remittances have recorded an increase of 43 percent in March 2021 as compared to same period of last year. Likewise, the remittances during the first three quarters of the current financial year (2020-21) have witnessed an increase of 26.2 percent… Continue reading Workers’ remittances witness 43pc increase in March: Hammad

Pakistan key partner in current $ 400 billion global medical device

ISLAMABAD, Apr 11 (APP): Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Sunday said that Pakistan was a key partner in the current $400 billion global medical device industries as well as contributing in local economic development. It said that stepping into the knowledge economy, Pakistan could emerge as a major global player by… Continue reading Pakistan key partner in current $ 400 billion global medical device

Rice exporter seeks better working environment with rice farmers

File Photo

ISLAMABAD, Apr 11 (APP): The country’s leading ‘Basmati Rice Exporter’ on Sunday said they desired a better working environment with the rice farmers and other workers engaged in rice value chain to boost exports of the commodity. The farmers are at the forefront of food security in the country and due to them, “Our exports… Continue reading Rice exporter seeks better working environment with rice farmers

Pakistan’s fiscal response to COVID has been prudent, well-targeted: Hammad

ISLAMABAD, Apr 09 (APP):Federal Minister for Finance and Revenue, Hammad Azhar Friday said Pakistan’s fiscal response to COVID had been prudent and well-targeted, including re-allocation of spending to the most vulnerable through the landmark Ehsaas programme. As a result, Pakistan had witnessed one of the smallest increases in public debt in the world after COVID-19,… Continue reading Pakistan’s fiscal response to COVID has been prudent, well-targeted: Hammad

Hammad reiterates commitment to promote construction industry

A DELEGATION OF SENIOR MEMBERS OF STONE CRUSHING ASSOCIATIONS, LED BY THE MINISTER FOR LABOUR AND HUMAN RESOURCE, PUNJAB MR. ANSAR MAJEED KHAN, CALLED ON THE FEDERAL MINISTER FOR FINANCE, REVENUE, INDUSTRIES AND PRODUCTION, MUHAMMAD HAMMAD AZHAR, AT THE FINANCE DIVISION – ISLAMABAD ON APRIL 09, 2021.

ISLAMABAD, Apr 09 (APP):Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar Friday reiterated the government’s firm commitment to further promoting the construction industry as it had triggered an impressive growth underpinning V-shape recovery amid the COVID-19 pandemic. The minister was talking to a delegation of Stone Crushing Associations that called on him… Continue reading Hammad reiterates commitment to promote construction industry

ZTBL briefs finance minister about its operation

ISLAMABAD, Apr 09 (APP):Chairman of the Zarai Taraqiati Bank Limited (ZTBL) Board, Nadeem Lodhi and ZTBL President Mohammad Shahbaz Jameel Friday called on the Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar. The ZTBL Board Chairman briefed the finance minister about the working and operations of the Bank. ZTBL, a leading agro-financing… Continue reading ZTBL briefs finance minister about its operation

Asad Umar visits vaccination camps

File Photo

ISLAMABAD, Apr 9 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Friday visited the vaccination camps in Maira Sumbal Jafar here and reviewed the process of anti-COVID vaccination being injected to the elderly people of over 65 years of age. The minister who is also Chairman National Command and Operation Center (NCOC) listened… Continue reading Asad Umar visits vaccination camps

APP Services