ISLAMABAD, Feb 19 (APP): The Federal Minister for National Food Security and Research, Syed Fakhar Imam Friday appreciated the support of the Dutch government in building the capacity of farmers. He expressed the commitment of the government in strengthening the agriculture sector as it is the backbone of Pakistani economy. He said this while speaking… Continue reading Fakhar appreciates support of Dutch govt in capacity building of farmers
Category: Business
Business news from Pakistan
Oil import bill shrinks by 20.90% to $5.64bn in 7 months
ISLAMABAD, Feb 19 (APP):The country’s oil import bill witnessed reduction of 20.90 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751 million against the imports of $7131.451 million during July-January (2019-20), showing decline… Continue reading Oil import bill shrinks by 20.90% to $5.64bn in 7 months
Currency rates of NBP
KARACHI, Feb 19 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday: CURRENCY SELLING BUYING USD 160.99 157.31 GBP 224.63 219.46 EUR 194.56 190.89 JPY 1.5231 1.4882 SAR 42.97 41.89 AED 43.84 42.82
EXCHANGE RATES FOR CURRENCY NOTES
CURRENCY SELLING BUYING USD 160.99 157.31 GBP 224.63 219.46 EUR 194.56 190.89 JPY 1.5231 1.4882 SAR 42.97 41.89 AED 43.84 42.82 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.11100 LIBOR 3M 0.18138 LIBOR 6M 0.19775 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/ 15 DAYS 1M 2M 3M 4M 5M 6M USD… Continue reading EXCHANGE RATES FOR CURRENCY NOTES
Seven sub-groups formed to prepare recommendations for 10th NFC Award
ISLAMABAD, Feb 18 (APP):Seven sub-groups were formulated on Thursday during the inaugural meeting of the 10th National Finance Commission (NFC), to prepare workable recommendations for the upcoming NFC Award. The meeting was chaired by Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, according to press statement issued by the Finance Ministry here. The… Continue reading Seven sub-groups formed to prepare recommendations for 10th NFC Award
Khusro hails USAs $4.2 billion support under PEPA since 2010
ISLAMABAD, Feb 18 (APP):Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar on Thursday hailed United State of America’s (USA’s) $ 4.2 billion support under Pakistan Enhanced Partnership Agreement (PEPA) since 2010. The Minister for Economic Affairs lauded the US Government’s humanitarian support to Pakistan for fighting against COVID-19 pandemic, said a press release issued by… Continue reading Khusro hails USAs $4.2 billion support under PEPA since 2010
Registration of export items under GI to increase country’s export
ISLAMABAD, Feb 18 (APP):Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Thursday said registration of major local export items under Geographical Indications (GI) law was a milestone in the country’s history for increasing the exports. In order to curb unauthorized use of Pakistan’s Geographical Indications (GI) by other countries, a meeting… Continue reading Registration of export items under GI to increase country’s export
Govt received 100 percent amount of 9 privatized entities
ISLAMABAD, Feb 18 (APP):Federal Minister and Chairman Privatization Commission Mohammed Mian Soomro here on Thursday was apprised that 100% amount of 9 government owned properties which were privatized in last year, has been received and remaining unsold properties in Rahimyar Khan, Multan and Swat will be re-auctioned in March 2021. A regular weekly meeting on… Continue reading Govt received 100 percent amount of 9 privatized entities
Textile exports increase 8.23% to $8.765bln in 7 months; 10.79% in January
ISLAMABAD, Feb 18 (APP):The exports of textile commodities witnessed an increase of 8.23 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $8765.739 million in July-January (2020-21) against the exports of $8099.095 million in July-January (2019-20), showing growth… Continue reading Textile exports increase 8.23% to $8.765bln in 7 months; 10.79% in January
NBP Exchange Rates
KARACHI, Feb 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 159.75 159.25 EURO EUR 193.10 192.49 JAPANESE YEN JPY 1.5087 1.5039 BRITISH POUND GBP 221.25 220.56 SWISS FRANC CHF 177.74 177.18 CANADIAN DOLLAR CAD 125.73 125.34 AUSTRALIAN… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Feb 18 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Thursday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 18-02 21 For 3 months and over… Continue reading Foreign Currency Account Scheme
CPEC Committee recommends to open Sust border for whole year
ISLAMABAD, Feb 17 (APP): The Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) on Wednesday recommended for viable proposals to open Sust border for whole year for increasing the bilateral trade between Pakistan and China. The committee suggested to the quarters concerned to decide about the lead ministry which would regulate boder’s management framework for opening… Continue reading CPEC Committee recommends to open Sust border for whole year
Country’s economy on fast-track, tax net increasing: Dr Waqar Masood
ISLAMABAD, Feb 17 (APP): Special Assistant to PM on Revenue Dr. Waqar Masood on Wednesday said that with the effort of PTI-led government the tax net collection has been increased by bringing reforms in the FBR (Federal Board of Revenue) and country’ economy was putting back on fast track. Talking to a private news channel,… Continue reading Country’s economy on fast-track, tax net increasing: Dr Waqar Masood
Commerce ministry to organize ‘Trade, Investment Conference’ in Colombo
ISLAMABAD, Feb 17 (APP): Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday said the Ministry of Commerce is organizing a Trade and Investment Conference in Colombo, Sri Lanka on February 24th, 2021 which will coincide with visit of the Prime Minister Imran Khan to Sri Lanka. A delegation comprising prominent… Continue reading Commerce ministry to organize ‘Trade, Investment Conference’ in Colombo
Staff-level accord with IMF to spur economic growth: Hafeez Shaikh
ISLAMABAD, Feb 17 (APP):Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh Wednesday said the staff-level agreement between International Monetary Fund (IMF) and Pakistan would help improve exports and investments and lead the country towards economic growth. Talking to media persons outside the Election Commission of Pakistan, he said owing to this agreement, investors… Continue reading Staff-level accord with IMF to spur economic growth: Hafeez Shaikh
Govt simplifies tax regime for Roshan Digital Accounts: SBP
KARACHI, Feb 16 (APP):Based on feedback from the diaspora and SBP recommendations, the Federal Government has introduced several amendments in the Income Tax Ordinance 2001 through Tax Laws (amendment) Ordinance 2021 to make the taxation regime simple, convenient and hassle-free for Non Resident Pakistanis (NRPs) maintaining Roshan Digital Accounts (RDAs). “The amendments simplify and reduce… Continue reading Govt simplifies tax regime for Roshan Digital Accounts: SBP
Agreement with IMF, a good development for Pakistan: Hafeez Shaikh
ISLAMABAD, Feb 16 (APP):Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Tuesday said that the staff-level agreement reached between International Monetary Fund (IMF) and Pakistan was a a good development for the country. In a tweet, the federal minister shared that Pakistan had reached a staff level agreement with the IMF, saying that… Continue reading Agreement with IMF, a good development for Pakistan: Hafeez Shaikh
Pakistan, IMF reach Staff-Level agreement on pending reviews under EFF
ISLAMABAD, Feb 16 (APP):The International Monetary Fund (IMF) and the Pakistan reached a staff-level agreement on second to fifth reviews of country’s reform program under IMF Extended Fund Facility (EFF). “IMF staff and the Pakistani authorities have reached an agreement on a package of measures to complete second to fifth reviews of the authorities’ reform… Continue reading Pakistan, IMF reach Staff-Level agreement on pending reviews under EFF
Pakistan to cross Rs 100 billion e-Commerce trade in 2021
ISLAMABAD, Feb 16 (APP): Pakistan would have crossed Rs 100 Billion e-Commerce trade in 2021, through digitalization of economy and also expand the size of local market. According to report issued by digital academic institution, ‘Extreme Commerce’ estimates that by 2025, it will foster a community of over 1 million strong, generating well over $1… Continue reading Pakistan to cross Rs 100 billion e-Commerce trade in 2021
Car production increases 4.87% during July-January 2020-21
ISLAMABAD, Feb 16 (APP): The production of cars in the country has witnessed an increase of 4.87 percent during the last seven months of current financial year 2020-21 as compared to corresponding period of last year. During the July-January (2020-21), as many as 75,867 cars were manufacture against the production of 72,337 units, showing growth… Continue reading Car production increases 4.87% during July-January 2020-21
- Naval Chief participates in 19th Western Pacific Naval Symposium in China
- Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
- Heatwave amid Israel’s aggression in Gaza brings new misery, disease risk
- SC reinstates Balochistan Assembly Speaker, sets aside ECP decision
- Prime Minister Muhammad Shehbaz Sharif in a group photo with the high achiever women and girls in the field of IT
