ISLAMABAD, Mar 17 (APP): Minister for National Food Security and Research, Syed Fakhar Imam on Wednesday reiterated the government’s resolve for reviving and enhancing local output of cotton by providing technical and financial assistance to growers during current season. Chairing a meeting held here to review the arrangements for cotton crop cultivation, Imam said that… Continue reading Imam reiterates commitment for incentive of cotton crop to enhance output
Category: Business
Business news from Pakistan
Oil import bill shrinks by 21.7% to $6.44bn in 8 months
The country’s oil import bill witnessed reduction of 21.70 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth $6445.601 million during July-February (2020-21) against the imports of $8232.294 million during July-February (2019-20), showing decline of 21.70 percent, according… Continue reading Oil import bill shrinks by 21.7% to $6.44bn in 8 months
SBP to issue monetary policy on March 17
KARACHI, Mar 16 (APP):State Bank of Pakistan is scheduled to announce its monetary policy statement here on Wednesday for next two months determining its policy (interest) rate, which at present is 7 % per annum. The Central Bank has kept the interest rate unchanged since July 2020, when it was cut by 100 bps from… Continue reading SBP to issue monetary policy on March 17
Textile exports increase 6.69% to $9.999 billion in 8 months
ISLAMABAD, Mar 16 (APP):The exports of textile commodities witnessed an increase of 6.69 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $9,999.770 million in July-February (2020-21) against the exports of $9,372.819 million in July-January (2019-20), showing growth… Continue reading Textile exports increase 6.69% to $9.999 billion in 8 months
Robust industrial growth to lift economy beyond earlier forecasts: Hammad
ISLAMABAD, Mar 16 (APP): Federal Minister for Industries and Production, Hammad Azhar said Tuesday that the sustained and robust growth in industry was expected to lift economic growth beyond earlier forecasts. In a tweet, the federal minister said that the Large Scale Manufacturing has posted a growth of 9.1% in January 2021 as compared to… Continue reading Robust industrial growth to lift economy beyond earlier forecasts: Hammad
Industrial output grows 9.13% in January, 7.85% in 7 months
The Large Scale Manufacturing Industries (LSMI) production grew by 9.13 percent on year-on-year basis during the month of January 2021 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Tuesday. The LSMI Quantum Index Number (QIM) was recorded at 175.15 points during January 2021 against 160.49 points during January… Continue reading Industrial output grows 9.13% in January, 7.85% in 7 months
Gov’t absorbs upward cost fluctuation, keeps petrol, diesel prices unchanged
ISLAMABAD, Mar 15 (APP):The government on Monday decided not to enhance price of petrol and high speed diesel, which would continue to be sold at Rs111.90 per liter and Rs 116.08 per liter respectively for next fortnight till March 31st. “The government has been absorbing the upward price fluctuation in International market in order to… Continue reading Gov’t absorbs upward cost fluctuation, keeps petrol, diesel prices unchanged
Gold price increases by Rs150 per tola to Rs107,150
ISLAMABAD, Mar 15 (APP): The price of 24 karat per tola gold increased by Rs150 on Monday and was sold at Rs107,150 against its sale at Rs107,000, Karachi Sarafa Association reported. The price of 10 gram 24 karat gold also increased by Rs129 and was traded at Rs 91,864 against Rs91,735 while that of ten… Continue reading Gold price increases by Rs150 per tola to Rs107,150
PSX stays bullish, gains 978 points to close at 44,766 points
ISLAMABAD, Mar 15 (APP):The KSE-100 index of the Pakistan Stock Exchange (PSX) Monday witnessed bullish trend, gaining 978.51 points, with positive change of 2.23 percent, closing at 44,766.59 points against 43,788.08 points on the last working day. A total 455,550,207 shares were traded during the day compared to the trade of 442,561,882 shares the… Continue reading PSX stays bullish, gains 978 points to close at 44,766 points
FPCCI, NPO agree for promoting Cottage Industry in GB region
ISLAMABAD, Mar 14 (APP):Federation Pakistan Chamber of Commerce and Industry (FPCCI) and National Productivity Organization (NPO) of Federal Ministry of Industries and Production agreed for promoting and developing Cottage Industry in Gilgit Baltistan region for increasing employment opportunities at local level. In pursuance of a project assigned to NPO on “Developing and Promoting Cottage Industry… Continue reading FPCCI, NPO agree for promoting Cottage Industry in GB region
Japan courageously faced triple disasters in 2011: Ambassador Imtiaz
ISLAMABAD, Mar 14 (APP):Ambassador of Pakistan to Japan, Imtiaz Ahmad on Sunday said that Japan has courageously faced triple disasters in 2011 and with its best strategy after a decade completed the rehabilitation and revitalization work. During the ‘Great East Japan Earthquake’ occurred on March 11, 2011, the Japanese have averted three type of gigantic… Continue reading Japan courageously faced triple disasters in 2011: Ambassador Imtiaz
Broader participation in CPEC to boost economic activity
By Najam Ul Hassan ISLAMABAD, Mar 14 (APP):With the smooth sailing of China Pakistan Economic Corridor (CPEC) project, Pakistan is foreseeing massive economic activity during days ahead. An appreciable outcome of a novel Belt and Road Initiative (BRI) of the Chinese government, Pakistan becomes the key player in the regional economic activity. This project would… Continue reading Broader participation in CPEC to boost economic activity
Japanese envoy admires Pakistan’s community role in ‘Great East Japan Earthquake’
ISLAMABAD, Mar 14 (APP):The Ambassador of Japan to Pakistan, Kuninori Matsuda on Sunday appreciated the role of Pakistan’s community in Japan during the ‘Great East Japan Earthquake’ occurred on March 11, 2011 and said that the government and people of Japan will never forget the services rendered to the Pakistan’s community in this crucial situation.… Continue reading Japanese envoy admires Pakistan’s community role in ‘Great East Japan Earthquake’
Prices of kitchen items ease as SPI falls 0.57 pc
ISLAMABAD, Mar 13 (APP):The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on March 11, for the combined consumption group, witnessed decrease of 0.57 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 147.14 points against 147.99 points registered… Continue reading Prices of kitchen items ease as SPI falls 0.57 pc
UHS to vaccinate all LCCI members for Covid-19
LAHORE, Mar 13 (APP): The Lahore Chamber of Commerce and Industry’s (LCCI) 29,000 members and their families and mediamen would be provided vaccination for Covid-19 pandemic through the University of Health Sciences (UHS). It was decided through a Memorandum of Understanding (MoU) between the UHS and the Lahore Chamber here on Saturday. UHS Vice Chancellor… Continue reading UHS to vaccinate all LCCI members for Covid-19
Farm Tractors’ sale jumps 53% in 8 months
ISLAMABAD, Mar 13 (APP): The sale of farm tractors in the country jumped to 31,424 units in eight months of current fiscal year Jul-Feb (2020-21) as compared to the sale of 20,588 units in same period of last year, showing a growth of 53 percent. On year to year basis, the farm tractors’ sale also… Continue reading Farm Tractors’ sale jumps 53% in 8 months
First global web business news in ‘Memoni Language’ starts from Pakistan
ISLAMABAD, Mar 12 (APP):The first global web business news in ‘Memoni Language’ for 1.8 million Memon population in South Asia and Africa will be getting their business news from Pakistan covered in “Vyapar Samachar”. The daily news roundup will be available in Memoni language on RINSTRA’s digital platform, said a press release issued on Friday.… Continue reading First global web business news in ‘Memoni Language’ starts from Pakistan
Govt committed to provide conducive business environment: Hafeez
ISLAMABAD, Mar 12 (APP):Federal Minister for Finance and Revenue Dr. Abdul Hafeez Shaikh Friday said the government was firmly committed to facilitate businessmen and investors by providing a conducive business environment. The minister was talking to President and Chief Executive Officer, Habib Metropolitan Bank, Mohsin Ali Nathani, who called on him here, according to press… Continue reading Govt committed to provide conducive business environment: Hafeez
SECP sensitizes people to carefully read terms, conditions of insurance policies
ISLAMABAD, Mar 12 (APP):To safeguard the interest of insurance policyholders, the Securities and Exchange Commission of Pakistan (SECP) on Friday urged public at large to carefully read all the contents of documents presented before them by an insurance agent before signing and ensure that they understand the terms and conditions of the product being offered.… Continue reading SECP sensitizes people to carefully read terms, conditions of insurance policies
CDNS receives Rs 33 billion savings through new schemes
ISLAMABAD, Mar 12 (APP):Central Directorate of National Savings (CDNS) has received Rs 33 billion through the new launches schemes investments by March 10, from registered Premium Prize Bonds of Rs 40,000 and Rs 25000 introduced by the institution. The CDNS has introduced the new registered Premium Prize Bonds after the termination of both major Prize… Continue reading CDNS receives Rs 33 billion savings through new schemes
