ISLAMABAD, Dec 31 (APP): Federal Minister for Planning, Development and Special Initiatives Asad Umar on Thursday directed the MMP to complete the feasibility study expeditiously about bulk water supply from Tarbela dam to the twin cities of Islamabad and Rawalpindi. Chairing a review meeting here on bulk water supply from Tarbella reservoir to Islamabad and… Continue reading Asad for completing early feasibility study on bulk water supply to twin cities
Category: Business
Business news from Pakistan
US, UK, China top three destinations of Pakistani exports in 5 months
ISLAMABAD, Dec 31 (APP): United States of America (USA) remained the top export destinations of the Pakistani products during the first five months of financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-November (2020-21) were recorded at US $ 1855.564 million against the exports of US $… Continue reading US, UK, China top three destinations of Pakistani exports in 5 months
China agrees to grant $100 million for rehabilitation of N-5
ISLAMABAD, Dec 31 (APP): China and Pakistan on Thursday signed an agreement worth $100 million grant assistance for rehabilitation of National Highway (N-5) to improve road infrastructure and expand the North-South connectivity. Under this agreement, Government of China will provide grant assistance of RMB 659.8 million (US $100 million) for repair of four sections (66… Continue reading China agrees to grant $100 million for rehabilitation of N-5
Pakistan’s earns US $595 millin from IT services’ export in four month
ISLAMABAD, Dec 30 (APP): Pakistan earned US $595.080 million by providing different information technology (IT) services in various countries during the first four months of financial year 2020-21. This shows growth of 35.91 percent when compared to US $437.860 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau… Continue reading Pakistan’s earns US $595 millin from IT services’ export in four month
Pakistan, UAE working on new ‘economic roadmap’
ISLAMABAD, Dec 29 (APP): Pakistan and the UAE are working on a new “economic roadmap” to boost bilateral trade volume and establish joint ventures between the two nations’ businesses and chambers of commerce, senior officials said. “We want to establish a new economic roadmap with the UAE for enhancing bilateral trade, manufacturing through joint ventures,… Continue reading Pakistan, UAE working on new ‘economic roadmap’
PARC working on agricultural promotion to ensure food security in Thar
ISLAMABAD, Dec 29 (APP): Pakistan Agriculture Research Council (PARC) was working to ensure food security in Thar desert and for the purpose it had cultivated different kinds of fruits, vegetables and fodder crops to promote agriculture sector and create livelihood opportunities for the locals. Talking to APP on Tuesday the Chairman PARC Dr Muhammad Azeem… Continue reading PARC working on agricultural promotion to ensure food security in Thar
SECP registers 16,929 new companies, posts growth of 17%: Report
ISLAMABAD, Dec 29 (APP): The Security and Exchange Commission of Pakistan (SECP) registered 16,929 new companies in the financial year 2019-20, compared with the previous corresponding financial year, indicating a growth of 17%, the SECP annual report said. This has raised the total number of registered companies to 120,395. In the new incorporations, approximately 71… Continue reading SECP registers 16,929 new companies, posts growth of 17%: Report
Gas companies resolve 96.85% complaints received through PCP
ISLAMABAD, Dec 29 (APP): The two-state companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), working under the Petroleum Division, have so far collectively resolved around 168,164 public complaints, out of 173,627, received through the Pakistan Citizens Portal (PCP). “The complaints’ resolution percentage stood 96.85, which shows a remarkable performance of… Continue reading Gas companies resolve 96.85% complaints received through PCP
Provinces asked to check hoarding, black-marketing
ISLAMABAD, Dec 28 (APP): Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Sheikh, Monday directed the provincial governments to keep close watch on the prices of wheat in the market to avoid hoarding, black-marketing and smuggling to ensure uninterrupted supply of the commodity wheat at affordable prices. The minister was chairing the National Price… Continue reading Provinces asked to check hoarding, black-marketing
Pak-Afghan trade to boost regional economic integration: Razak
ISLAMABAD, Dec 28 (APP): Adviser to Prime Minister on Commerce on Investment, Abdul Razak Dawood on Monday said boost in trade between Pakistan and Afghanistan would maximize chances of regional economic integration and enhance the connectivity among neighboring countries. In recent trade dialogue, Pakistan and Afghanistan were mainly focusing on transit, bilateral and informal trade… Continue reading Pak-Afghan trade to boost regional economic integration: Razak
Rs319.5 bn released for social sector uplift projects
ISLAMABAD, Dec 28 (APP): The Federal Government has released Rs. 319.5 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. The released funds include Rs. 206.5 billion for federal ministries, Rs.87 billion for corporations, Rs. 25.25 billion for special are010as, and Rs. 750 million… Continue reading Rs319.5 bn released for social sector uplift projects
Pakistan’s trade with Africa reaches US $ 4.18 billion in 2019-20: Razak Dawood
ISLAMABAD, Dec 27 (APP): Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Sunday said Pakistan’s trade with African countries touched US $ 4.18 billion in 2019-20, which was increased by seven percent as compared to the previous year (2018-19). As a result of Pakistan’s new engagement with African countries through “Look… Continue reading Pakistan’s trade with Africa reaches US $ 4.18 billion in 2019-20: Razak Dawood
Industrialists meet PM’s Advisor, Punjab trade minister
LAHORE, Dec 26 (APP): Industrialists and businesspeople of Punjab called on Advisor to Prime Minister on Trade and Investment Abdul Razaq Dawood and Provincial Minister for Industries and Trade Mian Aslam Iqbal, here at Civil Secretariat on Saturday. Problems facing industrialists, industrialisation and other issues were discussed during the meeting. Provincial Minister Mian Aslam Iqbal… Continue reading Industrialists meet PM’s Advisor, Punjab trade minister
Petroleum SAPM explains LNG purchase, sale mechanism
ISLAMABAD, Dec 25 (APP): Special Assistant to the Prime Minister (SAPM) on Petroleum, Nadeem Baber Friday explained in detail the purchase and sale mechanism of Liquefied Natural Gas (LNG), rejecting all negative and speculative reports appearing in sections of the media for the last one-and-a-half months. In a series of video tweets on official account… Continue reading Petroleum SAPM explains LNG purchase, sale mechanism
Govt takes effective measures for industries: minister
SIALKOT, Dec 25 (APP): Provincial Minister for Industry and Commerce Mian Aslam Iqbal has said the government under a dynamic leadership of Prime Minister Imran Khan has taken effective measures for industrial development. The minister expressed these views while addressing a meeting of industrialists and traders at the Gujranwala Chamber of Commerce and Industry (GCCI)… Continue reading Govt takes effective measures for industries: minister
CPEC moves towards new direction of industrial, agriculture development: Razak Dawood
ISLAMABAD, Dec 24 (APP):Advisor to the Prime Minister for Commerce and Investment, Abdul Razak Dawood on Thursday said that China Pakistan Economic Corridor (CPEC) is moving towards a new direction of industrial and agriculture development which needs a bigger role of the private sector technology companies. The government would facilitate at the maximum level to… Continue reading CPEC moves towards new direction of industrial, agriculture development: Razak Dawood
CCoP approves transaction structure for PSMC
ISLAMABAD, Dec 24 (APP):The Cabinet Committee on Privatization (CCoP) here on Thursday approved the Transaction Structure for Pakistan Steel Mills Corporation (PSMC). Federal Minister for Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on Privatization (CCoP), according to a Finance Ministry press release. The approval was given on the… Continue reading CCoP approves transaction structure for PSMC
FBR issues refunds of Rs144 bln till December
ISLAMABAD, Dec 24 (APP): The Federal Board of Revenue (FBR) has issued refunds to the tune of Rs144 billion from July to December 2020 against only Rs76 billion during the same period of last year, showing an increase of 89 percent. According to press release issued by the board, the healthy figures of refunds issuance… Continue reading FBR issues refunds of Rs144 bln till December
ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams
ISLAMABAD, Dec 24 (APP): The Economic Coordination Committee (ECC) of the Federal Cabinet Thursday approved the Ministry of Water Resources’ proposal in principle for the issuance of WAPDA’s debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand dams. The ECC, which met with Federal Minister for Finance and Revenue Dr Abdul Hafeez… Continue reading ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams
Govt to disclose its plans upon resignations of opposition: minister
LAHORE, Dec 24 (APP): Provincial Minister for Industries and Trade Mian Aslam Iqbal said the government will disclose its plans upon resignations of the opposition. The PDM’s resignation stunt will also fail like its public meetings and rallies because the people have no interest in negative politics. He expressed these views during a visit to… Continue reading Govt to disclose its plans upon resignations of opposition: minister
