ISLAMABAD, Dec 16 (APP): The Adviser to Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood Wednesday said that Canada has improved its overall travel advisory for most parts of Pakistan. This will further improve once the COVID-19 restrictions are removed, the adviser said in a tweet . I am glad to share… Continue reading Canada improves overall travel advisory for Pakistan: Razak Dawood
Category: Business
Business news from Pakistan
Petrol prices increase Rs.3 to Rs103.69 per liter
ISLAMABAD, Dec 15 (APP): The government on Tuesday decided to increase the prices of MS Petrol by Rs. 3 per liter, from Rs.100.69 to Rs.103.69 per liter. The new prices would be effective from Wednesday, December 16, 2020, according to press statement issued by the Finance Ministry here. The prices of High Speed Diesel have… Continue reading Petrol prices increase Rs.3 to Rs103.69 per liter
CCP unearths hardcore evidence of cartelization in cement manufacturing sector
ISLAMABAD, Dec 15 (APP): The Competition Commission of Pakistan (CCP) on Tuesday announced that the commission had found hardcore evidence of cartelization in cement manufacturing sector and also proven precedent for the involvement of All Pakistan Cement Manufacturers Association (APCMA) in anti-competitive activities. The big players including Lucky Cement, Bestway Cement, D G Khan Cement,… Continue reading CCP unearths hardcore evidence of cartelization in cement manufacturing sector
Pak Navy wants collaboration with local industry for indigenous production of its systems, equipment
ISLAMABAD, Dec 15 (APP): A delegation of Pakistan Navy visited Islamabad Chamber of Commerce and Industry and held a meeting with Sardar Yasir Ilyas Khan President to discuss the collaboration with local industries for designing, development, construction, training and tests/trials of various equipment used/fitted on board. Capt. Asif Maqsood Director Technical Development, Cdr. Tasneem Ahmad… Continue reading Pak Navy wants collaboration with local industry for indigenous production of its systems, equipment
LSM grows 5.5% in July-October
ISLAMABAD, Dec 15 (APP): The Large Scale Manufacturing during first four months of current fiscal year recorded a growth of 5.5 per cent as compared to the same period of last year. On Year-on-Year (YoY), the LSM recorded significant growth of 6.6 percent in October 2020 compared same month of the preceding year, Pakistan Bureau… Continue reading LSM grows 5.5% in July-October
Pakistan earns US $ 100 mln by exporting transport services in July-September 2020-21
ISLAMABAD, Dec 15 (APP): Pakistan earned US $100.920 million by providing different transport services in various countries during the first three months of financial year (2020-21) as compared to the corresponding period last year. This shows decrease of 48.55 percent as compared to US $196.140 million earned through provision of services during the corresponding period… Continue reading Pakistan earns US $ 100 mln by exporting transport services in July-September 2020-21
Gas transmission network being reinforced by laying 8,383 KM additional pipelines
ISLAMABAD, Dec 15 (APP): The two state-companies, SNGPL and SSGC, are reinforcing their network by laying around 8,383 kilometers (KM) additional transmission and distribution pipelines collectively across the country as per the target given for the current fiscal year. The Sui Northern Gas Pipelines Limited (SNGPL) has been given the task to lay 6,965 KM… Continue reading Gas transmission network being reinforced by laying 8,383 KM additional pipelines
Razak appreciates role of FBR for reducing smuggling
ISLAMABAD, Dec 15 (APP): Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Tuesday appreciated the role of Federal Board of Revenue (FBR), especially Pakistan Customs, in reducing the level of smuggling. This has enabled more formal importation thereby increasing revenue, Adviser said in a tweet. I wish to appreciate the role… Continue reading Razak appreciates role of FBR for reducing smuggling
Industry drives economic growth amid global recession: Hammad
ISLAMABAD, Dec 15 (APP): Federal Minister for Industries and Production, Hammad Azhar Tuesday said that Pakistan industry was driving economic growth and recovery at a time when the global economy was in deep recession. In a Tweet, he said that the production of Large Scale Manufacturing (LSM) in the country increased by 5.46 percent during… Continue reading Industry drives economic growth amid global recession: Hammad
PM chairs 7th meeting of SEZs’ Board, says economic activities to enhance job opportunities
ISLAMABAD, Dec 14 (APP): Prime Minister Imran Khan on Monday said the economic activities generated by the Special Economic Zones (SEZs) would increase job opportunities for local skilled and un-skilled labour. He directed to provide utility services, including electricity and gas to the SEZs on priority. The prime minister was chairing 7th meeting of the… Continue reading PM chairs 7th meeting of SEZs’ Board, says economic activities to enhance job opportunities
HCCI opens representative office in Chongqing, China
BEIJING, Dec 14 (APP): The Hyderabad Chamber of Commerce and Industry (HCCI) has opened its representative office in Chongqing City, China. Zhang Yang is the chief representative of Chongqing office, who is also the president of the Pakistan-China Cultural Exchange Center, China Economic Net (CEN) reported on Monday. According to Zhang, taking the opportunity of… Continue reading HCCI opens representative office in Chongqing, China
Bulls rule PSX, index gains 795 points to close at 43,266 points
ISLAMABAD, Dec 14 (APP): The KSE-100 index of the Pakistan Stock Exchange (PSX) on Monday continued with bullish trend and gained 795.82 points with positive change of 1.87 percent, closing at 43,266 points against 42,470 points on the last working day. A total 629,525,666 shares were traded during the day compared to the trade of… Continue reading Bulls rule PSX, index gains 795 points to close at 43,266 points
Rs299.7 billion released for social sector uplift projects
ISLAMABAD, Dec 14 (APP): The Federal Government has released Rs 299.7 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 Rs198.344 billion for federal ministries, Rs76.46 billion for corporations, Rs24.15 billion for special areas, and Rs750 million for the Earthquake… Continue reading Rs299.7 billion released for social sector uplift projects
Govt forced to borrow for paying interest on past loans
ISLAMABAD, Dec 14 (APP): Finance Ministry said Monday that the sole reason of forcing the government to borrow was the requirement to pay Rs.1 trillion in interest on past loans in just during the period from July to October. This amount was on top of Rs 4.7 trillion already paid by this government prior to… Continue reading Govt forced to borrow for paying interest on past loans
Govt to establish ‘Potato Development Council’, under STPF
ISLAMABAD, Dec 14 (APP): Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Monday said that the government is committed to expedite the establishment of a Potato Development Council, under the forthcoming Strategic Trade Policy Framework (STPF). The council under STPF will formulate a long-term vision and policy for this sector, the… Continue reading Govt to establish ‘Potato Development Council’, under STPF
17-KM gas pipeline being hydro-tested to inject additional supply in SSGC system
ISLAMABAD, Dec 14 (APP): A newly laid 17-kilometer pipeline from the Port Qasim to Pakland in Karachi is being hydro-tested to inject additional gas supply in the system of Sui Southern Gas Company (SSGC) aimed at meeting the increased commodity demand during the peak winter season. “The pipeline will be commissioned very soon. This will… Continue reading 17-KM gas pipeline being hydro-tested to inject additional supply in SSGC system
Govt managing debt with discipline: Finance Ministry
ISLAMABAD, Dec 13 (APP): The finance ministry on Sunday clarified that the government had inherited a precarious debt situation which it managed with discipline, aggressive control of expenses and increase in tax and non-tax revenues. In a tweet, the ministry said, the government efforts yielded primary surplus and only the payment of interest on past… Continue reading Govt managing debt with discipline: Finance Ministry
Potatoes export increasing in world potential markets: MOC
ISLAMABAD, Dec 13 (APP): The Ministry of Commerce (MOC) on Sunday informed that potato export was increasing as the Pakistani potatoes had a good market abroad and was expected to surge the trade volume in potential markets. A consultative session to discuss the issues pertaining to exports of potatoes was held at the Ministry of… Continue reading Potatoes export increasing in world potential markets: MOC
Italy sees promising trade potential in Pakistan
ISLAMABAD, Dec 13 (APP): The Italian Ambassador to Pakistan, Andreas Ferrarese said here on Sunday that he perceived more trade potential between Pakistan and Italy in different sectors of the economy that would help evolve trade equilibrium between both the sides. “Both the sides want equilibrium and to achieve trade balance as currently, Pakistan had… Continue reading Italy sees promising trade potential in Pakistan
SECP unveils Corporate Insurance Agents Regulations
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
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