ISLAMABAD, May 28 (APP): Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood Friday informed the Senate that an agreement has been signed with Iran to construct markets at border to facilitate the traders of the area. Speaking during Question Hour in the House, the adviser said the construction of markets would be… Continue reading Pakistan signs agreement with Iran to construct border markets: Senate told
Category: Business
Business news from Pakistan
Rashakai SEZ workers to get special training in tech institutes: Asim Bajwa
ISLAMABAD, May 28 (APP): Chairman China Pakistan Economic Corridor (CPEC) Lt. Gen. Asim Saleem Bajwa Friday said a special training would be arranged for workers in three technology institutes to be established in the vicinity of Rashakai Special Economic Zone (SEZ). “A special training of workers being started as per specific industry needs, in 3… Continue reading Rashakai SEZ workers to get special training in tech institutes: Asim Bajwa
Planning Commission forecasts GDP to grow at 4.8% in FY22
ISLAMABAD, May 28 (APP): The Annual Plan Coordination Committee (APPC) on Friday endorsed the Gross Domestic Product (GDP) 4.8 percent growth forecast for the upcoming fiscal year (2021-22) developed by the Planning Commission. Minister for Planning Development and Special Initiatives Asad Umar said, “This reflects the strength of growth momentum in the economy, while maintaining… Continue reading Planning Commission forecasts GDP to grow at 4.8% in FY22
Focus on targeted sectors led to higher economic growth: Economic Outlook
ISLAMABAD, May 28 (APP):Due to the government’s focus on certain targeted sectors such as housing, agriculture, industry, construction and exports, higher economic growth was recorded along with stabilization during the current fiscal year (2020-21), according to monthly Economic Update and Outlook for May 2021. “It is expected that in coming years the economy will have… Continue reading Focus on targeted sectors led to higher economic growth: Economic Outlook
Inflation to come down from July, says Tarin
ISLAMABAD, May 27 (APP): Explaining that the current upward trend in inflation was due to an increase in food prices, Federal Minister for Finance and Revenue, Shaukat Tarin said Thursday that inflation would start coming down from July this year. In an interview with a private television channel here, the federal minister said that Pakistan… Continue reading Inflation to come down from July, says Tarin
PSX sets new record by crossing volume of 2.2 bn in single day
ISLAMABAD, May 27 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) has set a new record by crossing the trading volume of 2.2 shares for the first time in history. The index continued with bullish trend on Thursday, closing at 46,790 points. The economic analysts are of the view that this record increase… Continue reading PSX sets new record by crossing volume of 2.2 bn in single day
NA body unanimously increases tenure of FPCCI office bearers
ISLAMABAD, May 27 (APP): The National Assembly Standing Committe on Commerce on Thursday unanimously supported an increase of two years in the tenure of the office bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI). The Committee directed the Ministry of Commerce to present draft amendments in tenure for office bearers of the… Continue reading NA body unanimously increases tenure of FPCCI office bearers
TDAP offers $400 billion global Amazon’s market to local businesses: Razak Dawood
ISLAMABAD, May 27 (APP):Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Thursday said the Trade Development Authority of Pakistan (TDAP) has provided a huge opportunity to local businesses for selling their product in the $400 billion global Amazon’s market. The TDAP has provided the big facilities to local businesses and brands… Continue reading TDAP offers $400 billion global Amazon’s market to local businesses: Razak Dawood
Business community ready to support achieving Rs 8000 billion revenue potential; says President ICCI
ISLAMABAD, May 27 (APP):President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Yasir Ilyas Khan here on Thursday said that the business community was ready to contribute in achieving Rs 8000 billion tax revenue for the country, provided the government facilitates the community in achieving this objective. Structural reforms in Federal Board of Revenue (FBR)… Continue reading Business community ready to support achieving Rs 8000 billion revenue potential; says President ICCI
Subsidies to export-oriented industry linked with performance
ISLAMABAD, May 27 (APP): The government on Thursday decided that subsidies to the export oriented sector in the upcoming budget for the next fiscal year (2021-22), would be given on the basis of actual consumption/accrual, while more targeted approach for disbursement would be adopted. The decision was made during a meeting that was convened to… Continue reading Subsidies to export-oriented industry linked with performance
HBL becomes first bank to invest in digital fintech startup
ISLAMABAD, May 27 (APP): The Habib Bank Limited (HBL) has become the first bank in Pakistan to invest in a digital fintech startup with its Rs176 million (USD 1.15 Million) participation in the last tranche of Finja’s Rs1.56 billion ($10.15 million) series A1 round. HBL joins an impressive list of leading global fintech funds that… Continue reading HBL becomes first bank to invest in digital fintech startup
Fan exports increase 41.47% in 10 months
ISLAMABAD, May 27 (APP): The exports of electric fan witnessed an increase of 41.47 percent during the first ten months of financial year (2020-21) as compare to the corresponding period of last fiscal year. The country exported electric fan worth US $25.462 million during July-April (2020-21) as against the exports of US $17.998 million during… Continue reading Fan exports increase 41.47% in 10 months
Pakistani imports from China remains top among other countries during 10 months: SBP
ISLAMABAD, May 27 (APP):China topped the list of countries from where Pakistan imported different products during the first ten months of financial year (2020-21), followed by United Arab Emirates (UAE) and Singapore. The total imports from China during July-April (2020-21) were recorded at $10312.089 million against the $7638.065 million during July-April(2019-20), showing an increase of… Continue reading Pakistani imports from China remains top among other countries during 10 months: SBP
Omar stresses on expeditious completion of power projects
ISLAMABAD, May 26 (APP):Federal Minister for Economic Affairs, Omar Ayub Khan on Wednesday emphasized on expeditious completion of power projects financed by different countries and donors agencies. The Minister chaired the meeting of National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on Energy Sector at the Ministry of Economic Affairs, said a press release issued by Ministry… Continue reading Omar stresses on expeditious completion of power projects
ECNEC approves construction of Hyderabad-Sukkur motorway
ISLAMABAD, May 26 (APP):The Executive Committee of National Economic Council (ECNEC) Wednesday approved the construction of Hyderabad- Sukkur motorway at the revised PC-1 cost of Rs 191.471 billion. The 306 Kilometers 6 –Lane divided, fenced motorway would be constructed on Built Operate Transfer (BOT) basis–user-charge basis with provision of capital and operational VGF to improve… Continue reading ECNEC approves construction of Hyderabad-Sukkur motorway
Govt ready to provide additional funds to GB: Tarin
ISLAMABAD, May 26 (APP):The Federal Minister for Finance and Revenue, Shaukat Tarin Wednesday said that the federal government was ready to cooperate with the Gilgit-Baltistan (GB) government for the provision of additional funds during the next financial year. However, he said, the GB government should also rationalize its expenditures as the federal government was also… Continue reading Govt ready to provide additional funds to GB: Tarin
Federal Govt to provide wheat seeds to GB for promoting agriculture: Fakhar Imam
ISLAMABAD, May 26 (APP):Minister for National Food Security and Research Syed Fakhar Imam on Wednesday said the Federal Government would provide certified wheat seed to Gilgit Baltistan in order to enhance its local output for reducing reliance on the Pakistan Agriculture Storage and Service Corporation. Talking to GB Chief Minister Khalid Khurshid, who called on… Continue reading Federal Govt to provide wheat seeds to GB for promoting agriculture: Fakhar Imam
Dr. Talat receives “Champion of Change” gold medal from RINSTRA
ISLAMABAD, May 26 (APP):Director China Pakistan Study Centre, Dr. Talat Shabbir on Wednesday received “Champion of Change” gold medal from RINSTRA, Pakistan’s first short-form digital media platform. RINSTRA recognizes ‘Champion of Change, individuals and institutions, who are contributing in improving Pakistan’s image globally and ensuring change in Pakistan at the grassroots levels, said a press… Continue reading Dr. Talat receives “Champion of Change” gold medal from RINSTRA
PSX sets new daily volume record: Asad Umar
ISLAMABAD, May 26 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Wednesday said the Pakistan Stock Exchange had set a new daily traded volume record as the volume exceeded previous record by 39 percent. “Market is reacting to signs of sustained recovery,” he said in his tweet. New daily traded volume record set… Continue reading PSX sets new daily volume record: Asad Umar
ECC approves 2nd Phase of ‘Ehsaas’ to increase beneficiaries to 8 million
ISLAMABAD, May 26 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved the launching of second Phase of ‘Ehsaas Emergency Cash Program’, which envisages increasing the number of regular ‘Ehsaas Kafalat’ beneficiaries to 8 million by June, 2021 through the ongoing National Socio-economic Registry Survey (NSER). Federal Minister for Finance and Revenue Shaukat Tarin… Continue reading ECC approves 2nd Phase of ‘Ehsaas’ to increase beneficiaries to 8 million
