Category: Business

Business news from Pakistan

‘Asia has consequential position in the world’

LAHORE, Apr 14 (APP): Kyrgyzstan’s Honorary Consul Meher Kashif Younis has said that Asia holds a consequential position in the world due to its large population, strategic locations, rich mineral resources and diversity. Presiding over a workshop on “Importance of BRICS for Pakistan“ organized by Gold Ring Economic Forum here Sunday, he added that Pakistan,… Continue reading ‘Asia has consequential position in the world’

Economic growth linked to durable regional peace

LAHORE, Apr 14 (APP): SAARC Chamber of Commerce and Industry’s former president Iftikhar Ali Malik has advocated the cause of achieving durable peace in the region, a prerequisite to economic growth, prosperity and development for all countries of South Asia. Talking to a delegation of traders led by Muslim Khan Buneri from KP here Sunday,… Continue reading Economic growth linked to durable regional peace

PBF expresses satisfaction over current economic situation

MULTAN, Apr 13 (APP): Pakistan Business Forum (PBF) has expressed satisfaction over the current economic situation of the country. In a media briefing after a meeting of the Executive Council of PBF, President PBF Khawaja Mehboobur Rahman, Chairman PBF South Punjab Malik Talat Sohail and Vice President Chaudhry Ahmad expressed that two years ago, there… Continue reading PBF expresses satisfaction over current economic situation

ADB’s report validates correct economic policies: Ahad Cheema

ISLAMABAD, Apr 12 (APP): Federal Minister for Economic Affairs, Ahad Cheema here on Friday termed the Asian Development Outlook (ADO) report for April 2024 as a validation of the government’s correct economic policies. “The ADO from the Asian Development Bank is a strong endorsement of the government’s correct economic policies,” said the minister according to… Continue reading ADB’s report validates correct economic policies: Ahad Cheema

ADB predicts 1.9% growth rate in FY2024

ISLAMABAD, Apr 11 (APP): Pakistan’s GDP growth forecast is rising and would reach to 1.9 percent during the fiscal year 2023-24, ending on June 2024, says Asia Development Bank (ADB) in its flagship Asian Development Outlook (ADO) released on Thursday. “In Pakistan, growth is forecast rising at 1.9% in FY2024 (ending on 30 June 2024)… Continue reading ADB predicts 1.9% growth rate in FY2024

Rupee gains 01 paisa against dollar

ISLAMABAD, Apr 9 (APP): Pakistani Rupee on Tuesday gained 01 paisa against the US dollar in the interbank trading and closed at Rs277.93 against the previous day’s closing of Rs277.94. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.5 and… Continue reading Rupee gains 01 paisa against dollar

Hybrid seeds can revolutionarize Pakistan’s agricultural economy: PHHSA

LAHORE, Apr 09 (APP):Replicating the decades-long highly successful experience of hybrid rice in Pakistan, the hybrid seeds hold immense potential in achieving the country’s import substitution and fostering surplus production for export also in other crops such as cotton, wheat, edible oil, and pulses.Hybrid seeds Talking to reporters here, Pakistan Hitech Hybrid Seed Association (PHHSA)… Continue reading Hybrid seeds can revolutionarize Pakistan’s agricultural economy: PHHSA

Remote areas now integrated into FTO network: Meher

LAHORE, Apr 09 (APP): Minister of State and Federal Tax Ombudsman’s (FTO’s) Coordinator Meher Kashif Younis has said that in a significant achievement, the FTO has now integrated even the remote areas of Hub and Mianwali into its network. Speaking at an orientation session with the business community here Tuesday, he added that this development… Continue reading Remote areas now integrated into FTO network: Meher

KPT shipping movements report

KARACHI, Apr 09 (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Tuesday. SHIPS BERTHED: Stolt Lotus Tanker Golden Violet Tanker IAN H Container Ship Synergy Keelung Container Ship Independent Spirit Container Ship Euphoria Container Ship DEV Ashree Tanker SHIPS SAILED: Kumano Mumbai… Continue reading KPT shipping movements report

Shipping activity at Port Qasim

KARACHI, Apr 09 (APP):Two ships, Elephant, Maersk Santosa and Banglar Agragoti carrying Containers and Palm oil, berthed at Container Terminal and Liquid Terminal respectively on Monday.        Meanwhile, gas carrier ‘Dravin’ carrying LPG also arrived at outer anchorage of the port during the same day.        Atotal of nine ships were… Continue reading Shipping activity at Port Qasim

NBP Exchange Rates

KARACHI, Apr 09 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday the following exchange rates. URRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 278.35 277.85 EURO EUR 302.73            302.19 JAPANESE YEN JPY 1.8330  1.8297 BRITISH POUND GBP 352.25 351.61 SWISS FRANC CHF 307.71 307.15 CANADIAN DOLLAR… Continue reading NBP Exchange Rates

Mujtaba chairs meeting of Cabinet Standing Committee on Legislation,Privatization

LAHORE, Apr 08 (APP):Finance Minister Mujtaba Shuja-ur-Rehman chaired the maiden meeting of the Cabinet Standing Committee on Legislation and Privatization here at the Chief Minister’s Office on Monday. Provincial Ministers Sohaib Ahmad, Zeeshan Rafique and Azma Bokhari also attended the meeting. The meeting discussed a five-point agenda including approval of land auction by the Senior… Continue reading Mujtaba chairs meeting of Cabinet Standing Committee on Legislation,Privatization

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