ISLAMABAD, Dec 23 (APP): Australian High Commissioner to Pakistan, Dr. Geoffrey Shaw said Wednesday that keeping in view that the existing potential of Pakistan, his country would explore further opportunities for enhancing trade relations between the two countries. The High Commissioner was talking to the Federal Minister for Finance and Revenue Dr. Abdul Hafeez Shaikh… Continue reading Australia keen to enhance trade relations with Pakistan
Category: Business
Business news from Pakistan
Pakistan needs nearly $6 billion annual investment for water supply, sanitation: ADB
ISLAMABAD, Dec 23 (APP): Pakistan needs more or less US $6 billion annual investment for water supply and sanitation in the country, the Asian Development Bank (ADB) reported. According to the projected annual investment needs for water supply and sanitation of Pakistan, the projected investment would account for around 2.3 percent to the country’s GDP.… Continue reading Pakistan needs nearly $6 billion annual investment for water supply, sanitation: ADB
Cabinet approves EV Policy for 4 wheelers: Hammad
ISLAMABAD, Dec 22 (APP):Federal Minister for Industries and Production, Hammad Azhar Tuesday said that Cabinet has given approval to the Electric Vehicle (EV) Policy for four wheelers. In a Tweet, he highlighted the salient features of the policy, saying that it included removal of additional customs duty and Accounting Services and Tax (AST) on imports… Continue reading Cabinet approves EV Policy for 4 wheelers: Hammad
Country posts current account surplus of $447 million in Nov
ISLAMABAD, Dec 22 (APP):Pakistan’s Current Account Balance has posted a surplus of US $447 million in November 2021 against a deficit of $326 million in same month of the previous year. Likewise on average, the surplus during the period July-November (2020-21) has risen to $1.6 billion compared to a deficit of $1.7 bn over the… Continue reading Country posts current account surplus of $447 million in Nov
Technological advances have opened up many possibilities for trade in services across borders: Razak
ISLAMABAD, Dec 22 (APP):Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said technological advances have opened up many possibilities for trade in services across borders in many sectors. He said this while addressing a consultative meeting on service exports and examined the state of service trade of Pakistan and… Continue reading Technological advances have opened up many possibilities for trade in services across borders: Razak
China ready to promote CPEC cooperation: Envoy
ISLAMABAD, Dec 22 (APP):Ambassador of China to Pakistan Nong Rong Tuesday said that both China and Pakistan were ready to promote China Pakistan Economic Corridor (CPEC) cooperation. In his series of tweets, the Chinese envoy pointed out that in 2020, the two countries had overcome the difficulties of COVID-19 and made new head ways of… Continue reading China ready to promote CPEC cooperation: Envoy
Ministers assures Sialkot business community of all govt help
SIALKOT, Dec 22 (APP):Provincial Minister for Industry, Trade and Investment Mian Muhammad Aslam Iqbal has said that Prime Minister Imran Khan and Chief Minister Sardar Usman Bazdar are fully aware of services rendered by the business community of Sialkot and they are taking keen interest in solving their problems. He expressed these views during a… Continue reading Ministers assures Sialkot business community of all govt help
FBR issues clarification on turnover from disposal of closing stock under FTR
ISLAMABAD, Dec 22 (APP):The Federal Board of Revenue (FBR) on Tuesday issued a clarification regarding the treatment of closing stock at the time of change of taxation regime form final to minimum tax. The Lahore Chamber of Commerce and Industry (LCCI) in its letter to FBR had sought a clarification in this regard, said a… Continue reading FBR issues clarification on turnover from disposal of closing stock under FTR
POL import bill contracts 22.78% to $3.946 billion in 5 months
ISLAMABAD, Dec 22 (APP):The imports of overall petroleum group declined by 22.78 percent during the first five months of the current fiscal year (FY2020-21) as compared to the corresponding period of the last year. During the period under review, the total imports of the petroleum group stood at $3.946 billion, as against the imports of… Continue reading POL import bill contracts 22.78% to $3.946 billion in 5 months
Country earns $231.238 mln by exporting 458,104 metric tons rice in November
ISLAMABAD, Dec 22 (APP): Rice exports from the country during month of November 2020 registered about 14.44 percent growth as compared to the exports of the corresponding month of last year. During month of November, 2020, country earned $231.238 million by exporting about 458,104 metric tons of rice as against the exports of 452,010 metric… Continue reading Country earns $231.238 mln by exporting 458,104 metric tons rice in November
Govt committed to correct fundamentals of economy: Hafeez Shaikh
ISLAMABAD, Dec 21 (APP):Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Monday emphasized that the government was firmly committed to correcting the fundamentals of the economy through effective policy making and targeted reforms with the objective to achieve sustainable and inclusive economic growth in the long run. The minister was speaking at a… Continue reading Govt committed to correct fundamentals of economy: Hafeez Shaikh
Pakistan believes in free flow of goods to Afghanistan, CARs: Razak
ISLAMABAD, Dec 21 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood Monday reiterated that Pakistan has always believed in free flow of goods between Pakistan, Afghanistan and the Central Asian Republics (CARs). Abdul Razak Dawood was holding a consultative meeting at the Ministry of Commerce on matters relating to Pakistan’s trade… Continue reading Pakistan believes in free flow of goods to Afghanistan, CARs: Razak
Govt successfully sign rescheduling agreements with G20s
ISLAMABAD, Dec 21 (APP):The government of Pakistan has successfully negotiated while concluding a rescheduling of agreements with 19 bilateral creditors, including members of the Paris Club. The Government of Pakistan, taking advantage of this initiative, entered into negotiations with 21 creditor countries for debt suspension amounting to $1.7 billion, said a press release issued by… Continue reading Govt successfully sign rescheduling agreements with G20s
PSX announces top 25 companies awards recipients for year 2019
KARACHI, Dec 21 (APP):Pakistan Stock Exchange on Monday announced the recipients of top 25 companies awards for the year 2019 which was full of events and developments; some positive and some challenging. As per tradition, the criteria for selecting such companies was also updated and upgraded in 2019 in line with the evolving business environment… Continue reading PSX announces top 25 companies awards recipients for year 2019
SBP launches consultation to increase financial inclusion of women
KARACHI, Dec 21 (APP):State Bank of Pakistan has launched a national dialogue on its forthcoming policy to reduce the gender gap in financial inclusion to address one of the key challenges hindering economic growth of the country to its full potential. SBP’s Governor, Dr. Reza Baqir hosted a webinar titled “Launch of Consultation on Banking… Continue reading SBP launches consultation to increase financial inclusion of women
Hafeez asks provinces to monitor egg, vegetable prices
ISLAMABAD, Dec 21 (APP):Finance Minister Dr Abdul Hafeez Sheikh Monday urged the provincial governments to strictly monitor the prices of eggs and vegetable to maintain stability in prices across the country. He was chairing the meeting of National Price Monitoring Committee (NPMC), according to a finance ministry press statement. He directed the Secretary Commerce to… Continue reading Hafeez asks provinces to monitor egg, vegetable prices
PSX honours 3 Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ List
ISLAMABAD, Dec 21 (APP): The Pakistan Stock Exchange (PSX) on Monday held a Gong Ceremony to honour the tremendous achievement of the three listed companies based in Pakistan, that were recognized in the Forbes ‘Asia’s Best Under A Billion’ list. The companies that have made it to this distinctive list included Feroze1888 Mills Limited, The… Continue reading PSX honours 3 Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ List
Construction work on first private sector LNG terminal to start in January
ISLAMABAD, Dec 21 (APP): A multinational company will start construction on first merchant Liquefied Natural Gas (LNG) terminal in the country by end of the next month [January] after the government opened up the energy sector under its ease-of-doing-business strategy. “A vibrant structural framework is very much in place under which construction work on the… Continue reading Construction work on first private sector LNG terminal to start in January
Textile exports up 4.88% in 5 months; 9.27% in November
ISLAMABAD, Dec 21 (APP):The exports of textile commodities witnessed an increase of 4.88 percent during the first five months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $6044.536 million in July-November (2020-21) against the exports of $5763.117 million in July-November (2019-20), showing growth… Continue reading Textile exports up 4.88% in 5 months; 9.27% in November
Commerce ministry sets exports targets to US $ 26 bln in three years: Razak Dawood
ISLAMABAD, Dec 20 (APP):Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Sunday said commerce ministry was resolved to achieve US $ 26 billion export target in next three years by exploring new trade markets across the world. The trade diversification, regional trade integration through Gwadar Port and exploring the new market… Continue reading Commerce ministry sets exports targets to US $ 26 bln in three years: Razak Dawood
- NHA restores most roads across the country after heavy rains
- Pakistan committed to ensure safety of foreign nationals: FO
- Oil tanker catches fire in Islamabad’s Blue Area
- Leghari seeks KP Govt’s cooperation in anti-power theft campaign
- Police official inspect a dead body of a suspected attacker at the site of suicide attack on a convoy of foreign nationals in the Landhi area.
