ISLAMABAD, Dec 13 (APP): The Securities and Exchange Commission of Pakistan (SECP), to strengthen the regulatory regime for distribution of insurance through corporate insurance agents, including bancassurance has notified the Corporate Insurance Agents Regulations, 2020. The regulations also include code of conduct for corporate insurance agents of insurance companies to clearly define their role and… Continue reading SECP unveils Corporate Insurance Agents Regulations
Category: Business
Business news from Pakistan
Pakistan, Mango’s export increases by $104 million in 2019-20: MOC
ISLAMABAD, Dec 12 (APP): The Ministry of Commerce on Saturday informed that the export of local Mango increased from $ 104 million in 2019-20 from $78 million in the previous year 2018-19. The main markets for Pakistan’s export are United Arab Emirates, United Kingdom, Afghanistan, Oman and Saudi Arabia, said a press release issued by… Continue reading Pakistan, Mango’s export increases by $104 million in 2019-20: MOC
ADB’s report on recovery of Pakistan’s economy “highly encouraging”: Khusro
ISLAMABAD, Dec 12 (APP): Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar Saturday hailed the Asian Development Bank’s (ADBs) report on recovery of Pakistan’s economy, and termed it “highly encouraging.” The Federal Minister welcomed the ADB’s Asian Development Outlook Supplement (December, 2020) which highlights improvement in mobility and economic activities in Asia and the Pacific… Continue reading ADB’s report on recovery of Pakistan’s economy “highly encouraging”: Khusro
CDA asked to focus on better development of industrial areas
ISLAMABAD, Dec 12 (APP): Islamabad Chamber of Commerce and Industry (ICCI) on Saturday urged that Capital Development Authority (CDA) for taking measures to address all issues of the industrial areas of Islamabad on priority basis. It would help in promoting industrial activities and improving the regional economy, said Fatma Azim, Acting President ICCI. She said… Continue reading CDA asked to focus on better development of industrial areas
PARC, Shakeel and Company sign agreement to produce pasteurized milk
ISLAMABAD, Dec 12 (APP): Pakistan Agriculture Research Council (PARC) and private firm Shakeel and company have signed an agreement for initiating a joint venture to produce pasteurized milk. The initiative was aiming at to cater with the hygienic needs of dairy products on affordable prices to a common man in the country. In this regard,… Continue reading PARC, Shakeel and Company sign agreement to produce pasteurized milk
FBR intensifies operations against illicit and smuggled cigarettes
ISLAMABAD, Dec 11 (APP): The Federal Board of Revenue (FBR) has intensified its operations against the illicit and smuggled cigarettes across the country, according to press statement issued by the board here Friday. “Tobacco sector is one of the leading sectors of revenue contribution and realizing this significance, FBR has instructed its field formations to… Continue reading FBR intensifies operations against illicit and smuggled cigarettes
ADB joins 11 development banks, IMF in launching first joint report on financing SDGs
ISLAMABAD, Dec 11 (APP): The Asian Development Bank (ADB) joined 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Friday in launching a first-ever joint report on financing the Sustainable Development Goals (SDGs). The report is released at the end of a critical year, in which the coronavirus disease (COVID-19) pandemic threatens… Continue reading ADB joins 11 development banks, IMF in launching first joint report on financing SDGs
11 LNG cargoes procured for January, two more to be arranged: PD
ISLAMABAD, Dec 11 (APP): The Petroleum Division (PD) Friday said the Pakistan LNG Limited (PLL) had so far secured 11 cargoes and working to arrange two more aimed at meeting the increased gas demand of consumers in the month of January. “With the PLL tender that has just closed, with the same average slope as… Continue reading 11 LNG cargoes procured for January, two more to be arranged: PD
NBP Exchange Rates
KARACHI, Dec 11 (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 160.75 160.25 EURO EUR 195.43 194.82 JAPANESE YEN JPY 1.5449 1.5401 BRITISH POUND GBP 214.11 213.44 SWISS FRANC CHF 181.52 180.96 CANADIAN DOLLAR CAD 126.31 125.92… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Dec 11 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Friday. 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 11 12 20 For 3 months… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Dec 11 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.2508 11.12.2020 CONVERSION RATES FOR 11TH DECEMBER… Continue reading Foreign exchange rates
SCODA welcomes Pakistani business community to strengthen economic, trade cooperation
BEIJING, Dec 10 (APP): The management committee of Shanghai Cooperation Organization Demonstration Area (SCODA) exchanged views with the Karachi Chamber of Commerce and Industry (KCCI) on economic and trade cooperation. Recommendations for nine industrial parks in Pakistan to interact with SCODA, investment policy and model of SCODA and other related issues were discussed, according to… Continue reading SCODA welcomes Pakistani business community to strengthen economic, trade cooperation
FPCCI, GULFTIC agree for conducting awareness secession on standards
ISLAMABAD, Dec 10 (APP): The Federation of Pakistan Chamber of Commerce and Industry (FPCCI ) and GULFTIC-EIPL here on Thursday agreed to collaborate on conducting awareness session on Saudi Standards, Metrology and Quality Organization (SASO) SABER Certification and Halal Certification across Pakistan. SASO SABER Certification is mandatory for every single product to be exported to… Continue reading FPCCI, GULFTIC agree for conducting awareness secession on standards
NBP Exchange Rates
KARACHI, Dec 10 (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 160.95 160.45 EURO EUR 194.66 194.06 JAPANESE YEN JPY 1.5412 1.5364 BRITISH POUND GBP 215.19 214.52 SWISS FRANC CHF 181.06 180.50 CANADIAN DOLLAR CAD 125.75 125.36… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Dec 10 (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 10 12 20 For 3 months and… Continue reading Foreign Currency Account Scheme
Pakistan achieves important milestone in Transparency, exchange of information: Hafeez Shaikh
ISLAMABAD, Dec 09 (APP): Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Sheikh said Wednesday that Pakistan has achieved important milestones in transparency and exchange of information. Addressing the Plenary Meeting of the Global Forum on “Transparency and Exchange of Information for Tax Purposes 2020”, organized by OECD, the adviser appreciated… Continue reading Pakistan achieves important milestone in Transparency, exchange of information: Hafeez Shaikh
World Bank announces $300 mn for Pakistan’s natural disasters, health sectors
ISLAMABAD, Dec 9 (APP): The World Bank’s Board of Executive Directors Wednesday approved $300 million in financing for two projects in Pakistan the Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project. These investments will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province,… Continue reading World Bank announces $300 mn for Pakistan’s natural disasters, health sectors
Pakistan’s exports to Afghanistan decrease by 12% in 4 months of FY 2020-21
ISLAMABAD, Dec 09 (APP): Pakistan’s exports of goods and services to Afghanistan witnessed a decrease of 12.55 percent during the first four months of current financial year (2020-21) compared to the corresponding period of last year. The overall exports to Afghanistan were recorded at $296.463 million during July-October (2020-21) against exports of $339.033 million during… Continue reading Pakistan’s exports to Afghanistan decrease by 12% in 4 months of FY 2020-21
Currency rates of NBP
KARACHI, Dec 09 (APP):KARACHI, Dec 09 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday. CURRENCY SELLING BUYING USD 162.41 158.70 GBP 217.21 212.24 EUR 196.86 192.36 JPY 1.5595 1.5238 SAR 43.34 42.25 AED 44.23 43.19
Foreign exchange rates
KARACHI, Dec 09 (APP):KARACHI, Dec 09 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.2531 09.12.2020 CONVERSION RATES… Continue reading Foreign exchange rates
- Finance minister attends roundtable with investors
- 5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
- The Ambassador of United States to Pakistan Donald Blome calls on Foreign Minister, Mohammad Ishaq
- Pak-New Zealand match called off due to rain
- China to fully support Pakistan’s efforts against terrorism: Ambassador Jiang
