ISLAMABAD, Mar 24 (APP):The palm oil imports into the country increased by 34.03 percent during the first eight months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July-February (2020-21) were recorded at $1585.381 million against the imports of $1182.899 million during July-February (2019-20),… Continue reading Palm oil imports increase 34pc to $1.585 bln in 8 months
Category: Business
Business news from Pakistan
Pakistan’s exports to USA increase 11.86% to $3082 mln in 8 months
ISLAMABAD, Mar 24 (APP):Pakistan’s exports of goods and services to United State of America (USA) witnessed a surge of 11.86 percent during the eight months of financial year (2020-21) compared to the corresponding period last year. The overall exports to USA were recorded as US $ 3082.199 million during July-February (2020-21) against exports of US… Continue reading Pakistan’s exports to USA increase 11.86% to $3082 mln in 8 months
Chairman Senate asks private sector to take lead in promoting the economy
ISLAMABAD, Mar 23 (APP):Chairman Senate Muhammad Sadiq Sanjrani has said that the business community was driving the economic growth of the country and assured that he would extend his full cooperation and support in resolving the key issues of business sector to facilitate them for promoting trade and industrial activities. He said this while exchanging… Continue reading Chairman Senate asks private sector to take lead in promoting the economy
SAARC Chamber hails Pakistan’s goodwill gesture of scholarships to Sri Lankan students
ISLAMABAD, Mar 23 (APP):President SAARC chamber of Commerce and Industry Iftikhar Ali Malik Tuesday hailed goodwill gesture of Pakistan for offering 100 scholarships to Sri Lankan students in top medical institutions which will further cement bilateral ties along with strengthening trade economic cooperation between two countries. Talking to a delegation of traders led by Pir… Continue reading SAARC Chamber hails Pakistan’s goodwill gesture of scholarships to Sri Lankan students
Competitiveness to increase industrial productivity for economic growth: NPO Chief
ISLAMABAD, Mar 23 (APP):Chief Executive Officer of National Productivity Organization (NPO) Muhammad Alamgir Chaudhry on Tuesday said that competitiveness in public and private sectors must be promoted to increase industrial productivity for achieving economic growth and prosperity. The country’s local public and private sector required more hard work to achieve the productivity and efficiency in… Continue reading Competitiveness to increase industrial productivity for economic growth: NPO Chief
Kerb currency market
KARACHI, Mar 22 (APP): Following were the Closing Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 155.75 155.85 U.S $ (Cash Free Market) 155.70 156.10 SAUDIA RIYAL 41.35 41.65 UAE DIRHAM 42.35 42.65 EURO 184.50 186.00… Continue reading Kerb currency market
Railways business share to expand from 5 to 25 pc by 2030: Chairman Railways
MULTAN, Mar 22 (APP): Chairman Pakistan Railways Habib Ur Rahman Gilani said on Monday that the existing five (5) per cent passenger transport and freight business share of Railways would go up to 25 per cent by the year 2030. Addressing a gathering of industrialists at Multan Chamber of Commerce and Industry (MCCI), he disclosed… Continue reading Railways business share to expand from 5 to 25 pc by 2030: Chairman Railways
CDNS obtain Rs 35 billion investment from new schemes
ISLAMABAD, Mar 22 (APP): Central Directorate of National Savings (CDNS) has received Rs 35 billions by March 20 through recently launched investments schemes from registered Premium Prize Bonds of Rs 40,000 and Rs 25000 introduced by the institution. New registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by State Bank of… Continue reading CDNS obtain Rs 35 billion investment from new schemes
Commerce Ministry vows for women empowerment through E-Businesses
ISLAMABAD, Mar 22 (APP): Ministry of Commerce has organized a two-day capacity building workshop on women economic empowerment through the execution of e-commerce policy and also promoting e-businesses in the country. The purpose of the workshop was to work on framework keeping in view the nine pillars of the e-commerce policy, said a press release… Continue reading Commerce Ministry vows for women empowerment through E-Businesses
Rs479.24 bn released for social sector uplift projects
ISLAMABAD, Mar 22 (APP): The Federal Government has released Rs. 479.24 billion out of total allocation of Rs 650 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. The released funds include Rs. 310.8 billion for federal ministries, Rs.137.8 billion for corporations, Rs. 29.3… Continue reading Rs479.24 bn released for social sector uplift projects
Exports increase 8.74pc to Rs2.651 trillion in 8 months
ISLAMABAD, Mar 22 (APP): The exports from Pakistan in rupee term increased by 8.74 percent during the first eight months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July-February (2020-21) were recorded at Rs2,651,474 million as against Rs. 2,438,365 million during… Continue reading Exports increase 8.74pc to Rs2.651 trillion in 8 months
Current account deficit shrinks to $50 million in Feb21
ISLAMABAD, Mar 22 (APP): Pakistan’s current account deficit narrowed to $50 million in February 2021 as compared to the deficit of $210 million in January and $652 million in December 2020. The current account balance in February 2020 witnessed a deficit of $197 million, according to a data released by State Bank of Pakistan (SBP)… Continue reading Current account deficit shrinks to $50 million in Feb21
OGRA invites suggestions on gas companies’ petitions for ERRs 2021-22
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
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
