Category: Business

Business news from Pakistan

Foreign exchange rates

KARACHI, Apr 02 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Friday. 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 0.2053 06.04.2021 CONVERSION RATES FOR 02ND APRIL… Continue reading Foreign exchange rates

IMF mulls additional financial support to partner countries

ISLAMABAD, Apr 01 (APP): The International Monetary Fund (IMF) is deliberating the possibility of extending additional financial support to partner countries during the current testing times amid COVID-19 pandemic. “The IMF Board is also deliberating the possibility of extending additional financial support to partner countries during these testing times,” said IMF Managing Director, Kristalina Georgieva.… Continue reading IMF mulls additional financial support to partner countries

Hammad declares CPEC as most important project for Pakistan

ISLAMABAD, Apr 1 (APP): Federal Minister for Finance and Revenue, Industries and Production, Muhammad Hammad Azhar on Thursday said that China-Pakistan Economic Corridor (CPEC) is a project of highest importance for Pakistan to achieve the agenda of economic development and prosperity. Federal Minister for Finance expressed these views while chairing a meeting regarding economic and… Continue reading Hammad declares CPEC as most important project for Pakistan

Pak-Afghanistan signed extension of APTTA

ISLAMABAD, Apr 1 (APP): Pakistan and Afghanistan on Thursday signed a Protocol for three-month extension of Afghanistan-Pakistan Transit Trade Agreement 2010 (APTTA) for smooth functioning of transit trade between both sides. The Adviser to Prime Minister on Commerce and Investment , Abdul Razak Dawood and Minister of Industry and Commerce Afghanistan Nisar Ahmad Ghoriyani have… Continue reading Pak-Afghanistan signed extension of APTTA

SBP issues revised regulatory instructions on call center management

KARACHI, Apr 01 (APP): State bank of Pakistan (SBP) has issued revised and consolidated regulatory instructions on call center management for convenience of costumers and security of their data. All banks and financial institutions would ensure to deploy toll-free numbers, reduction of call wait time, confidentiality of the customers’ data and periodic reporting on performance… Continue reading SBP issues revised regulatory instructions on call center management

PSX loses 159 points to close at 44,428 points

ISLAMABAD, Apr 01 (APP): The KSE-100 index of the Pakistan Stock Exchange (PSX) Thursday witnessed bearish trend, losing 159.75 points, with negative change of 0.36 per cent, closing at 44,428.10 points against 44,587.85 points on the last working day. A total 313,508,511 shares were traded during the day compared to the trade of 443,904,837 shares… Continue reading PSX loses 159 points to close at 44,428 points

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Categorized as Business Tagged

BOI rejects Japanese citizen’s baseless claims on social media

ISLAMABAD, Apr 1 (APP): The Board of Investment (BOI) on Thursday has rejected the baseless claims and propaganda of Rana Abid Hussain on social media, calling it ridiculous. A Japanese citizen of Pakistani origin has started a baseless and fabricated campaign on social media against Pakistan’s institutions and embassies in the last few days, said… Continue reading BOI rejects Japanese citizen’s baseless claims on social media

Rupee drops 54 paisas against dollar

ISLAMABAD, Apr 01 (APP): The exchange rate of Pakistan rupee weakened by 54 paisas against the US dollar in the interbank trading on Thursday and closed at Rs153.29 as compared to the previous day’s closing of Rs152.75. According to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were… Continue reading Rupee drops 54 paisas against dollar

Exports reach to $ 18.669 billion during last 9 months: Razak Dawood

ISLAMABAD, Apr 1 (APP): Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Thursday said that the country’s exports has reached to $18.669 billion in the last 9 months as compared to $17.451 billion in the corresponding period last year 2019-20. For the 9-month period of July-March 2021 of the current Financial… Continue reading Exports reach to $ 18.669 billion during last 9 months: Razak Dawood

Currency rates of NBP

KARACHI, Apr 01 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYING USD 154.83 151.27 GBP 213.38 208.46 EUR 181.53 177.35 JPY 1.3999 1.3676 SAR 41.32 40.28 AED 42.16 41.17  

NBP Rates 2 Karachi

KARACHI, Apr 01 (APP): EXCHANGE RATES FOR CURRENCY NOTES CURRENCY SELLING BUYING. USD 154.83 151.27 GBP 213.38 208.46 EUR 181.53 177.35 JPY 1.3999 1.3676 SAR 41.32 40.28 AED 42.16 41.17 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.11513 LIBOR 3M 0.20163 LIBOR 6M 0.20675 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/… Continue reading NBP Rates 2 Karachi

NBP Exchange Rates

KARACHI, Apr 01 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 153.30 152.80 EURO EUR 179.74 179.15 JAPANESE YEN JPY 1.3860 1.3815 BRITISH POUND GBP 211.26 210.57 SWISS FRANC CHF 162.21 161.68 CANADIAN DOLLAR CAD 121.78 121.38… Continue reading NBP Exchange Rates

Foreign exchange rates

KARACHI, Apr 01 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday. 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 0.2068 01.04.2021 CONVERSION RATES FOR 01ST APRIL… Continue reading Foreign exchange rates

ECC approves Rs 5552 mln technical supplementary grants

ISLAMABAD, Mar 31 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved Rs.5552.049 million Technical Supplementary Grants (TSG) for various ministries and divisions. According to press statement issued by the Finance Ministry, the cabinet committee, the meeting of which was chaired by Federal Minister for Finance and Revenue, Hammad Azhar, approved Rs. 630.808… Continue reading ECC approves Rs 5552 mln technical supplementary grants

ECC approves formation of National Export Development Board: Razak Dawood

ISLAMABAD, Mar 31 (APP): Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday said the Economic Coordination Committee of the Cabinet (ECC) had approved the formation of a National Export Development Board (NEDB). The Board will be chaired by the Prime Minister Imran Khan and will also include ministers, exporters, investors… Continue reading ECC approves formation of National Export Development Board: Razak Dawood

Local LPG price decreases by Rs 166.33 per 11.8-kg cylinder

ISLAMABAD, Mar 31 (APP): Oil and Gas Regulatory Authority (OGRA) on Wednesday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of April. According to the notification, the authority has decreased the locally produced LPG price by Rs 166.33 per cylinder of 11.8 kilograms. After the revised price, the cylinder would be… Continue reading Local LPG price decreases by Rs 166.33 per 11.8-kg cylinder

ICCI urges FBR to defer tax collection from businesses during Covid-19

ISLAMABAD, Mar 31 (APP): President, Islamabad Chamber of Commerce and Industry (ICCI) Sardar Yasir Ilyas Khan on Wednesday lauded the decision of Federal Board of Revenue (FBR) for extending the deadline to furnish the taxpayer profile up to June 30. It would reduce pressures on taxpayers by giving them more time for preparation of their… Continue reading ICCI urges FBR to defer tax collection from businesses during Covid-19

SBP Governor for working groups on taxation issues

KARACHI, Mar 31 (APP): Governor, State Bank of Pakistan (SBP), Dr. Reza Baqir on Wednesday recommended the formation of working groups to address specific issues related to taxation in digital financial services, integration of government agencies with Raast system and the availability of seamless internet connectivity across Pakistan. State Bank of Pakistan organized fourth Stakeholders’… Continue reading SBP Governor for working groups on taxation issues

Overseas Pakistanis keen to bring $ 10 mln investment in CPEC SEZs

ISLAMABAD, Mar 31 (APP): Overseas Pakistanis from the Kingdom of Saudi Arabia (KSA) have shown interest to bring $ 10 million investment in different potential sectors including food industry and food processing in Allama Iqbal  Industrial City (AIIC) Faisalabad. The AIIC Special Economic Zone under the framework of China Pakistan Economic Corridor (CPEC) is offering… Continue reading Overseas Pakistanis keen to bring $ 10 mln investment in CPEC SEZs

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