KARACHI, Feb 04 (APP):Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo Thursday said the business community of Pakistan reiterated its untiring moral and diplomatic support to the people of Indian Illegally Occupied Jammu and Kashmir (IIOJK) in their struggle for right to self-determination, in accordance with the United Nations… Continue reading Business community of Pakistan reiterates its support to the people of IIOJK
Category: Business
Business news from Pakistan
ECC approves renewal of SSGCL-FFBQL gas supply agreement
ISLAMABAD, Feb 03 (APP):The Economic Coordination Committee of the Cabinet (ECC) Wednesday approved the proposal of Petroleum Division for renewal of gas supply agreement (GAS) between Sui Southern Gas Company Limited (SSGCL) and Fauji Fertilizer Bin Qasim Limited (FFBQL). After a detailed discussion, the ECC meeting chaired by Minister for Finance and Revenue Dr Abdul… Continue reading ECC approves renewal of SSGCL-FFBQL gas supply agreement
Pakistan to provide Rs 549 mln for development projects in Afghanistan
ISLAMABAD, Feb 3 (APP): Pakistan on Wednesday accorded approval to release funds of Rs 549 million for two development projects in Afghanistan. The approval was made as part of Afghanistan Reconstruction and Rehabilitation Programme of Pakistan government, says a statement issued here. Out of total grant, the government has approved release of Rs 61 million… Continue reading Pakistan to provide Rs 549 mln for development projects in Afghanistan
Pakistan to provide Rs 549 mln for development projects in Afghanistan
ISLAMABAD, Feb 03 (APP): Pakistan on Wednesday accorded approval to release funds of Rs 549 million for two development projects in Afghanistan. The approval was made as part of Afghanistan Reconstruction and Rehabilitation Programme of Pakistan government, says a statement issued by the ministry. Out of total grant, the government has approved release of Rs… Continue reading Pakistan to provide Rs 549 mln for development projects in Afghanistan
All necessary measures to be ensured for coordinating CPEC projects: CM Balochistan
QUETTA, Feb 2 (APP): Chief Minister Balochistan Jam Kamal Khan on Tuesday directed to ensure all necessary steps to coordinate China Pakistan Economic Corridor (CPEC) related projects. “CPEC is the best project for Pakistan’s social and economic development and it guarantees the country’s bright future,” he said while chairing a meeting to review progress on… Continue reading All necessary measures to be ensured for coordinating CPEC projects: CM Balochistan
FBR finalizes evaluation of applications for Track & Trace System of specified goods
ISLAMABAD, Feb 2 (APP): The Federal Board of Revenue (FBR) has successfully completed the evaluation process for the grant of five-year license for an IT-based solution for electronic monitoring through Track and Trace System of specified goods including Tobacco, Cement, Sugar and Fertilizer. Initially 11 bids were received out of which 8 bids were technically… Continue reading FBR finalizes evaluation of applications for Track & Trace System of specified goods
Pak-Uzbekistan shows resolve to enter into PTA
ISLAMABAD, Feb 01 (APP):Pakistan and Uzbekistan on Monday resolved to enter into Preferential Trade Agreement (PTA) for increasing the bilateral trade and promote trade liberalization on both sides. The two sides also discussed to revive the Joint Business Council, and assured that bilateral engagements like Inter Governmental Commission will be held more frequently, said a… Continue reading Pak-Uzbekistan shows resolve to enter into PTA
CDWP approves 2 health projects worth Rs 11.6 bn
The Central Development Working Party (CDWP) Monday approved two projects of health sector worth of Rs 11.6 billion and accorded concept clearance to two more proposals. The CDWP approved a project namely “Establishment of 250 bedded mother and Child Hospital Sialkot, Punjab” worth Rs 4,970.65 million. The objective of the project is to enhance access… Continue reading CDWP approves 2 health projects worth Rs 11.6 bn
CPI inflation decelerates to 5.7% on YoY basis
ISLAMABAD, Feb 1 (APP):The Consumer Price Index (CPI) based monthly inflation decelerated to 5.7 percent on year-on-year (YoY) basis during the month of January 2021, from 8 percent during December 2020, Pakistan Bureau of Statistics (PBS) reported. On month-on-month (MoM) basis, it decreased by 0.2% in January as compared to a decrease of 0.7… Continue reading CPI inflation decelerates to 5.7% on YoY basis
Sindh LG system not in accordance with spirit of constitution: Asad Umar
KARACHI, Jan 31 (APP): Federal Minister for Planning, Development and Special Initiatives Asad Umar on Sunday said that the local government system in Sindh was not in accordance with the spirit of the constitution. He expressed these views while addressing to inauguration ceremony of PTI Secretariat in PS 98 Shah Faisal Colony. Asad Umar said… Continue reading Sindh LG system not in accordance with spirit of constitution: Asad Umar
CPI based inflation rate eases to 5.7% in January: Asad Umar
ISLAMABAD, Jan 31 (APP): Minister for Planning Development and Special Initiatives Asad Umar Sunday said the inflation in the country continued to decline as the Consumer Price Index (CPI) based monthly inflation rate eased to 5.7 percent in January 2021 compared to same month of the previous year. In his tweet, the minister informed that… Continue reading CPI based inflation rate eases to 5.7% in January: Asad Umar
Chairman FPCCI urges to enhance Sino-Pakistan economic, trade ties
ISLAMABAD, Jan 31 (APP): Chairman Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Capital Office, Qurban Ali urged on Sunday for enhancing the China and Pakistan economic and trade connectivity through the nearer region of Gilgit Baltistan(GB). The senior business leader said that the GB region is a gateway for CPEC to provide opportunities… Continue reading Chairman FPCCI urges to enhance Sino-Pakistan economic, trade ties
Over 87,482 metric tons of fish, fish preparations worth $185.088 mln exported in 06 months
ISLAMABAD, Jan 31 (APP): Fish and fish preparations worth of $195.088 million were exported during first half of current financial year as against $225.067 million of corresponding period of last year. During the period from July-December, 2020-21, about 87,482 metric tons of fish and fish products exported as compared the exports of 89,695 metric tons… Continue reading Over 87,482 metric tons of fish, fish preparations worth $185.088 mln exported in 06 months
Pakistan receives trade orders of $2 million in Intern’l trade fair: Razak Dawood
ISLAMABAD, Jan 30 (APP): Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Saturday informed that Pakistani companies had received trade orders worth $2 million and deals $ 3 million were under process in the International Trade Fair held in Khartoum (Sudan). “I congratulated Universal Motors which received an order for 280… Continue reading Pakistan receives trade orders of $2 million in Intern’l trade fair: Razak Dawood
African region contains immense potential for trade, investment: Razak Dawood
ISLAMABAD, Jan 30 (APP): Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Saturday said that African region has immense potential for trade and investment including engineering and pharmaceutical products. He expressed these views while holding a consultative meeting with the officials of the Trade Development Authority of Pakistan (TDAP) on the… Continue reading African region contains immense potential for trade, investment: Razak Dawood
Transformation requires to achieve growth in Agriculture
ISLAMABAD, Jan 29 (APP): The National Assembly Special Committee on Agricultural Products on Friday informed that transformation and value addition requires for achieving Agriculture growth rate of 7.5 percent by Fiscal year (FY) 2027-28. The committee notified that the overarching objective to achieve Agriculture growth rate of 7.5 percent and sustained by producer-owned integrated market-based… Continue reading Transformation requires to achieve growth in Agriculture
Parliamentary committee reviews progress of projects in Balochistan
ISLAMABAD, Jan 29 (APP): The Oversight Committee on Federal Funded Public Sector Development Programme (PSDP) Projects in Balochistan Friday reviewed the progress of the projects. The meeting was held under the Chairmanship of MNA Khalid Hussain Magsi here. Secretary Planning Mathar Niaz Rana along with senior officials of Planning Commission reviewed the progress on Federally… Continue reading Parliamentary committee reviews progress of projects in Balochistan
Pakistan, Kuwait discuss latter’s possible investments in CPEC-related projects
ISLAMABAD, Jan 29 (APP): Pakistan and Kuwait discussed possible investments in China Pakistan Economic Corridor (CPEC) related projects in the country by Kuwait at the Third Round of Bilateral Political Consultations held during the four-day visit of Kuwait’s Assistant Foreign Minister of Asian Affairs Ambassador Ali Suleiman Al-Saeed, concluded on Friday. The visit took place… Continue reading Pakistan, Kuwait discuss latter’s possible investments in CPEC-related projects
ECC approves continuation of subsidy on five essential items through USC
ISLAMABAD, Jan 28 (APP): The Economic Coordination Committee (ECC) of the Cabinet Thursday approved a proposal presented by Ministry of Industries and Production for continuation of general subsidy on five essential items through Utility Stores Corporation (USC) from January 1 to June 30, 2021. The subside would continue out of the funds allocated under Prime… Continue reading ECC approves continuation of subsidy on five essential items through USC
OGDCL gets 11 new E&P blocks
ISLAMABAD, Jan 29 (APP): The Oil and Gas Development Company Limited (OGDCL) has secured 11 new Exploration and Production (E&P) blocks during a recent bidding-round held for award of 20 blocks by the Petroleum Division. “Director General of Petroleum Concession (PC) has communicated provisional award of new exploration blocks to the OGDCL,” the company said… Continue reading OGDCL gets 11 new E&P blocks
- Saudi ministry warns against fraudulent Hajj schemes; urges vigilance, official channels for booking
- Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting of the Steering Committee on FBR digitalization
- Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting of the Steering Committee on FBR digitalization
- Pakistan’s batter play a shot during first T20I match between Pakistan Women’s Cricket Team and West Indies Women’s Cricket Team at National Bank Stadium
- Planning Minister Prof Ahsan Iqbal chaired the preparatory meeting for China-Pakistan Economic Corridor (CPEC), preceding the 13th Joint Cooperation Committee (JCC) meeting and an imminent high-level delegation visit to China
