ISLAMABAD, Mar 22 (APP): Oil and Gas Regulatory Authority (OGRA) has invited suggestions from all stakeholders on petitions of the SNGPL and SSGC filed to determine Estimated Revenue Requirements (ERRs) and prescribed price of the commodity for the Fiscal Year 2021-22. The Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) have… Continue reading OGRA invites suggestions on gas companies’ petitions for ERRs 2021-22
Category: Business
Business news from Pakistan
Foreign exchange rates
KARACHI, Mar 22 (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 0.2039 22.03.2021 CONVERSION RATES FOR 22TH MARCH… Continue reading Foreign exchange rates
Pakistan earns US $277m from export of travel services in 7 months
ISLAMABAD, Mar 22 (APP): Pakistan earned US $277.150 million by providing different travel services in various countries during the seven months of current financial year 2020-21. This shows decline of 16.04 percent as compared to US $330.104 million same services were provided during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS)… Continue reading Pakistan earns US $277m from export of travel services in 7 months
NBP Rates
KARACHI, Mar 22 (APP):(22 03 21) EXCHANGE RATES FOR CURRENCY NOTES CURRENCY SELLING BUYING USD 157.96 154.34 GBP 218.67 213.64 EUR 187.93 184.07 JPY 1.4523 1.4189 SAR 42.12 41.14 AED 43.03 41.01 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.10838 LIBOR 3M 0.19688 LIBOR 6M 0.20238 US DOLLAR Indicative FBP Rates… Continue reading NBP Rates
NBP Exchange Rates
KARACHI, Mar 22 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.40 155.90 EURO EUR 186.54 185.94 JAPANESE YEN JPY 1.4379 1.4333 BRITISH POUND GBP 216.50 215.81 SWISS FRANC CHF 168.35 167.82 CANADIAN DOLLAR CAD 125.08 124.68… Continue reading NBP Exchange Rates
OGRA warns of stern action against LPG- sector profiteers
ISLAMABAD, Mar 21 (APP): Oil and Gas Regulatory Authority (OGRA) has warned of stern action against those found involved in overcharging and less filling of Liquefied Petroleum Gas (LPG) cylinders, terming the act “an offence.” OGRA spokesman Imran Ghaznavi in a press statement advised the LPG consumers to check the quantity of the commodity considering… Continue reading OGRA warns of stern action against LPG- sector profiteers
Output of LCVs increase 20% in 7 months
ISLAMABAD, Mar 21 (APP): The production of light commercial vehicles (LCVs) has witnessed 20.01 percent increase during the seven months of the financial year 2020-21 against the output of the same period of last fiscal year. As many as 10,417 LCVs were manufactured during July-January (2020-21) as compared to the production of 8,680 units during… Continue reading Output of LCVs increase 20% in 7 months
Local economy lacks competitiveness in absence of productivity: NPO chief
ISLAMABAD, Mar 21 (APP): Chief Executive Officer of National Productivity Organization (NPO) Muhammad Alamgir Chaudhry on Sunday said that Pakistan‘s economy was lagging behind in major potential sectors owing to the absence of productivity and efficacy in system to achieve competitiveness. “The local industrial sector is lacking the efficiency in its value chain through technology… Continue reading Local economy lacks competitiveness in absence of productivity: NPO chief
Hammad hopes smartphones sector to be bigger from automobile industry
LAHORE, Mar 20 (APP):Federal Minister for Industries and Production Hammad Azhar expressed the hope that smart phones manufacturing sector would prove to be even bigger from automobile industry in Pakistan and in next 10 years, its export revenues might be equal to country’s textile sector. He was addressing as chief guest at the inaugural ceremony… Continue reading Hammad hopes smartphones sector to be bigger from automobile industry
Food commodities worth $2.854 billion exported in 8 months
ISLAMABAD, Mar 20 (APP):Different food commodities worth of US $2.854 billion exported during first eight months of current financial year as compared the exports of US $3.032 billion of same period of last year. During the period from July-February, 2020-21, food group exports from country witnessed a decline of 5.85 percent as compared the exports… Continue reading Food commodities worth $2.854 billion exported in 8 months
Cutlery exports increase 29.54% to $ 80.946m
ISLAMABAD, Mar 20 (APP): The exports of cutlery from the country witnessed an increase of 29.54 percent during the eight months of financial year 2020-21 as compared to the corresponding period of last year. The country exported cutlery worth US $80.946 million during July-February (2020-21) against the exports of US $62.486 million during July-February (2019-20),… Continue reading Cutlery exports increase 29.54% to $ 80.946m
Japan provides Rs. 6 billion for improvement of water treatment in Faisalabad
ISLAMABAD, Mar 20 (APP): The government of Japan has extended its grant Rs. 6 billion for “Improvement of Water Treatment Plant and Water Distribution System in Faisalabad” aiming to increase the production capacity of the water treatment plant, transmission and distribution systems in Faisalabad city. Federal Secretary for Economic Affairs Division, Noor Ahmed and Ambassador… Continue reading Japan provides Rs. 6 billion for improvement of water treatment in Faisalabad
Kitchen items’ prices further dip 0.19 pc
ISLAMABAD, Mar 20 (APP): Continuing with declining trend for the second consecutive week, the Sensitive Price Indicator (SPI) based weekly inflation for the week ended on March 18, for the combined consumption group, witnessed decrease of 0.19 percent as compared to the previous week. The SPI for the week under review in the above mentioned… Continue reading Kitchen items’ prices further dip 0.19 pc
Hafeez urges Punjab govt to support operationalize airport Metro-bus corridor
ISLAMABAD, Mar 19 (APP):Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Friday stressed upon the Punjab government to support the Capital Development Authority (CDA) in operationalizing the Metro-bus Corridor from Peshawar Morr (G-9) to New Islamabad International Airport. Chairing the meeting of a Committee that was constituted to finalize the arrangements for operationalization… Continue reading Hafeez urges Punjab govt to support operationalize airport Metro-bus corridor
SECP warns from unlawful investment scheme of ‘La Ville De Paris’
ISLAMABAD, Mar 19 (APP):The Security and Exchange Company of Pakistan (SECP) on Friday warned the general public about the unlawful investment scheme of ‘La Ville De Paris. Recently, it has been noticed form print and electronic media that a company namely “La Ville De Paris Housing Scheme Limited” a sister concern of “Master Tiles and… Continue reading SECP warns from unlawful investment scheme of ‘La Ville De Paris’
Cement export decreases over 5pc, reaches $183.198 million
ISLAMABAD, Mar 19 (APP):The exports of cement from the country witnessed a decrease of 5.53 percent during the eight months of financial year 2020-21, against the exports of the corresponding period of last year. The cement exports from the country were recorded at $183.198 million during July-February (2020-21) against the exports of $193.924 million during… Continue reading Cement export decreases over 5pc, reaches $183.198 million
FBR chairman listens complaints of taxpayers in E-Kutchery
ISLAMABAD, Mar 19 (APP):As a sequel to E-Kutcheries held on monthly basis to comply with the directions of the Prime Minister of Pakistan, Chairman Federal Board of Revenue (FBR), Muhammad Javed Ghani held an E-Kutchery at FBR HQ on Friday. The chairman FBR listened to the complaints and issues of taxpayers, who interacted directly with… Continue reading FBR chairman listens complaints of taxpayers in E-Kutchery
Port Qasim CPEC power project produces 8.894 billion kWh electricity: Nong Rong
ISLAMABAD, Mar 19 (APP):Ambassador of China to Pakistan Nong Rong Friday said the Port Qasim Coal fired power plant had so far produced 8.894 billion KWH of electricity. “The 1320MW Power Project (a CPEC power project) has produced 27 billion kWh electricity till March 2021 since synchronization, 8.894 billion kWh in 2020, with low and… Continue reading Port Qasim CPEC power project produces 8.894 billion kWh electricity: Nong Rong
OGRA warns of stern action against LPG- sector profiteers
ISLAMABAD, Mar 19 (APP):Oil and Gas Regulatory Authority (OGRA) on Friday warned of stern action against those found involved in overcharging and less filling of Liquefied Petroleum Gas (LPG) cylinders, terming the act “an offence.” OGRA spokesman Imran Ghaznavi in a press statement advised the LPG consumers to check the quantity of the commodity considering… Continue reading OGRA warns of stern action against LPG- sector profiteers
Spot rates of cotton (Crop 2020 21)
KARACHI, Mar 19 (APP):Karachi Cotton Association (KCA) on Friday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1 1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex Gin Up country Spot Rates for Price Expenses Ex Karachi 37.324 kgs 12,300 180 12,480 Equivalent… Continue reading Spot rates of cotton (Crop 2020 21)
- Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status
- ‘No criticism on Pakistan allowed in Parliament’, says Tarar
- Artificial Intelligence to empower youth, revolutionize national economy
- ANF establishes rehabilitation center in Quetta for treatment of drug addicts
- Food exports grew by 48.17% in 09 months, reached $5.651 bln
