Hammad stresses for timely completion of power sector reforms

ISLAMABAD, Apr 16 (APP): Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar Friday stressed the need to follow a structured approach for timely completion of envisaged reforms in the power sector. The federal minister was chairing a meeting to review progress on reforms in the power sector, according to press statement issued… Continue reading Hammad stresses for timely completion of power sector reforms

SECP automates Ultimate Beneficial Ownership Form for companies

ISLAMABAD, Apr 15 (APP): The Securities and Exchange Commission of Pakistan (SECP) has launched a facility on its eService portal for online submission of statutory Form-45, required to submit the declaration of ultimate beneficial ownership (UBO), under Section 123A of the Companies Act, 2017. “This is another forward step to promote the beneficial ownership transparency,”… Continue reading SECP automates Ultimate Beneficial Ownership Form for companies

PSX loses 81 points to close at 45,230 points

ISLAMABAD, Apr 15 (APP):KSE-100 index of the Pakistan Stock Exchange (PSX) Thursday witnessed bearish trend, losing 81.04 points, with negative change of 0.18 per cent, closing at 45,230.18 points against 45,311.22 points on the last working day. A total 347,665,735 shares were traded during the day compared to the trade of 341,889,381 shares the previous… Continue reading PSX loses 81 points to close at 45,230 points

Pakistan, Japan to further expand economic cooperation

ISLAMABAD, Apr 15 (APP):Pakistan and Japan on Thursday reviewed spectrum of business and investment relations, identified areas for further strengthening and expanding economic cooperation between the two countries. The bilateral issues of mutual interest came up to discussion during a call-on meeting of Ambassador of Japan, Kuninori Matsuda with Federal Minister for Finance, Revenue, Industries… Continue reading Pakistan, Japan to further expand economic cooperation

E&P companies’ delegation calls on Omar Ayub

ISLAMABAD, Apr 15 (APP):A delegation, comprising heads of different Exploration and Production (E&P) companies, Thursday called on Minister for Energy Omar Ayub Khan and discussed matters related to the oil and gas sector. The chief executive officers of E&P companies including Dewan Group, Orient Petroleum, Oil and Gas Development Company, Pakistan Petroleum Limited, Mari Petroleum,… Continue reading E&P companies’ delegation calls on Omar Ayub

PSX best performing markets in Asian region: MD PSX

ISLAMABAD, Apr 15 (APP):Managing Director and Chief Executive Officer (CEO) of Pakistan Stock Exchange (PSX) Farrukh H. Khan on Thursday said stock market of Pakistan was one of the best performing markets in Asian region and major player in the market. This was in a large part due to the proactive and aggressive monetary, fiscal,… Continue reading PSX best performing markets in Asian region: MD PSX

BOI briefs UN forum on facilities offers for foreign investors

ISLAMABAD, Apr 15 (APP):The Board of Investment (BOI) has briefed the United National economic and investment forum about Pakistan’s investment regime and facilitation. It also apprised the forum about wide range of services provided by the government to international and domestic investors including support with work visa and opening of branch/liaison offices in the country.… Continue reading BOI briefs UN forum on facilities offers for foreign investors

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

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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

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

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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

Category: Business

Business news from Pakistan