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
Category: Business
Business news from Pakistan
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)
Kerb currency market
KARACHI, Mar 19 (APP) : Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Friday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 156.00 156.10 U.S $ (Cash Free Market) 155.70 156.00 SAUDIA RIYAL 41.20 41.60 UAE DIRHAM 42.20 42.60 EURO 184.50… Continue reading Kerb currency market
Shipping Activity at Port Qasim
KARACHI, Mar 19 (APP): Five ships, Josephine Maersk, Emmarkis-I, Sea Helios, Galicia Spirit and Great Link carrying Containers, Wheat, Mogas, Natural gas and Coal were arranged berthing at Container Terminal, Grain Terminal, Oil Terminal, Gasport Terminal and Multi-Purpose Terminal respectively on Thursday. Eight ships were engaged at PQA berths to load/offload Containers, Coal, Wheat, Palm… Continue reading Shipping Activity at Port Qasim
NBP Exchange Rates
KARACHI, Mar 19 (APP):KARACHI, Mar 19 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.00 155.50 EURO EUR 186.09 185.50 JAPANESE YEN JPY 1.4310 1.4264 BRITISH POUND GBP 217.04 216.34 SWISS FRANC CHF 168.21 167.67 CANADIAN DOLLAR… Continue reading NBP Exchange Rates
Pakistan, Qatar agree on cooperation in customs, tax fields
ISLAMABAD, Mar 18 (APP):Ambassador of Qatar in Pakistan, Sheikh Saoud Abdul Rahman Al-Thani Thursday called on Chairman Federal Board of Revenue (FBR), Muhammad Javed Ghani. Matters of mutual concern pertaining to cooperation on customs and tax were discussed in the meeting according to an FBR press statement issued here. It was agreed in the meeting… Continue reading Pakistan, Qatar agree on cooperation in customs, tax fields
Hafeez stresses for speedy privatization process
ISLAMABAD, Mar 18 (APP):The Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Thursday stressed the need for carrying forward the process of privatization at fast track. Chairing the meeting of Cabinet Committee on Privatization (CCOP), the minister said that the time was of essence in undertaking a well-structured privatization activity to bring in… Continue reading Hafeez stresses for speedy privatization process
Forex reserves rise to $13.017 bln
ISLAMABAD, Mar 18 (APP):The foreign exchange reserves held by the central bank edged up by $3.6 million on weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 12, the foreign currency reserves held by the SBP were recorded at $13,019.7 million compared with $13,016.1 million in the… Continue reading Forex reserves rise to $13.017 bln
Ministry of commerce approves Rs. 950 million for export related projects
ISLAMABAD, Mar 18 (APP):The Ministry of Commerce on Thursday approved Rs. 950 million for export related projects to provide competitiveness to the export value chain. According tot the press release, the Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood chaired the 19th Finance Committee meeting of the Board of Administrators of… Continue reading Ministry of commerce approves Rs. 950 million for export related projects
Iran’s envoy calls for expanding investment, trade ties with Pakistan
ISLAMABAD, Mar 18 (APP):Deputy Head of Mission, Embassy of Iran in Pakistan Mohammad Surkhabi here on Thursday stressed the need for further cementing bilateral trade, investment and cultural ties between both the countries which would be mutually beneficial for the people of two counties. Talking to a delegation of the Federation of Pakistan Chamber of… Continue reading Iran’s envoy calls for expanding investment, trade ties with Pakistan
Rupee gains 29 paisas against dollar
ISLAMABAD, Mar 18 (APP):The exchange rate of Pakistan rupee strengthened by 29 paisas against the US dollar in the interbank trading on Thursday and closed at Rs155.45 as compared to the previous day’s closing of Rs155.74. According to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded… Continue reading Rupee gains 29 paisas against dollar
Gold imports fall 52.55pc in 8 months
ISLAMABAD, Mar 18 (APP):The gold imports decreased by 52.55 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports into the country during July-February (2020-21) were recorded at $5.310 million as compared to the imports of… Continue reading Gold imports fall 52.55pc in 8 months
NBP Exchange Rates
KARACHI, Mar 18 (APP):KARACHI, Mar 18 (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 156.25 155.75 EURO EUR 187.42 186.82 JAPANESE YEN JPY 1.4362 1.4316 BRITISH POUND GBP 217.97 217.27 SWISS FRANC CHF 169.20 168.66 CANADIAN DOLLAR… Continue reading NBP Exchange Rates
Strong economy leads to “National Security”: Razak Dawood
ISLAMABAD, Mar 17 (APP):Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday said that strong economy will strengthen country’s “National Security.” He was addressing a Security Dialogue organized by the National Security Division. He said that Pakistan has been mostly suffering because of its strategic location and time has come to… Continue reading Strong economy leads to “National Security”: Razak Dawood
Govt wants to develop export culture: SACM
SIALKOT, Mar 17 (APP): Special Assistant to Chief Minister (SACM) Punjab for Trade, Investment/Chairman Board of Investment and Trade Sardar Tanveer Ilyas Khan said on Wednesday the government wanted to develop export culture and for this purpose a policy was being evolved in consultation with local industrialists. He expressed these views while addressing an important… Continue reading Govt wants to develop export culture: SACM
Imam reiterates commitment for incentive of cotton crop to enhance output
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
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
- Iranian President reiterates commitment to promote bilateral relation with Pakistan
- President of IR Iran, Seyed Ebrahim Raisi is addressing the ceremony in his honour at CM House.
- Iranian President, Dr. Seyed Ebrahim Raisi is being conferred a degree by Governor Sindh Kamran Khan Tessori.
- Mass graves in Gaza show victims’ hands were tied: UN
- President Raisi accorded warm welcome on arrival in Karachi
