ISLAMABAD, Nov 2 (APP):Advisor to Prime Minister on Commerce, Razzak Dawood said Monday that exports of the country were back on track to pre-Covid-19 levels. In a tweet, the advisor said that the exports from the country maintained the growth trend in October 2020 and crossed the $2 billion mark after July 2020 and are… Continue reading Exports back to pre-Covid-19 level: Razak Dawood
Category: Business
Business news from Pakistan
Gov’t releases Rs 289.71 bn for development projects
ISLAMABAD, Nov 2 (APP): The federal Government has so far authorized release of Rs 289.71 billion against total allocation of Rs 650 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2020-21. Under the development programme, the government has released an amount of Rs188.34 billion for federal… Continue reading Gov’t releases Rs 289.71 bn for development projects
Currency exchange rates
KARACHI, Nov 02 (APP): KARACHI, Nov 02 (APP): Following are the selling/buying currency exchange rates of major currencies issued by the National Bank of Pakistan (NBP), here on Monday. CURRENCY SELLING BUYING USD 162.31 158.60 GBP 209.94 205.12 EUR 188.96 184.63 JPY 1.5508 1.5152 SAR 43.28 42.28 AED 44.20 43.17
Govt slashes petrol prices by Rs 1.57 per litre
ISLAMABAD, Oct 31 (APP): The government on Saturday decided to reduce the petrol prices by Rs 1.57 per litre to Rs 102.40 per litre against its sale at Rs 103.97 per litre during the month of October 2020. The new prices would be applicable from November 1st, 2020, according to press statement issued by the… Continue reading Govt slashes petrol prices by Rs 1.57 per litre
Opening early helped Pakistan boost exports during pandemic: Bloomberg
ISLAMABAD, Oct 31 (APP): Pakistan’s decision to loosen pandemic restrictions early has helped the country’s exports emerge stronger than its South Asian peers, Bloomberg reported Saturday. Quoting data, Bloomberg in a report said, the outbound shipments have grown at a faster pace than Bangladesh and India as textiles, which account for half of the total… Continue reading Opening early helped Pakistan boost exports during pandemic: Bloomberg
CCOE directs for implementing reform measures to minimize circular debt
ISLAMABAD, Oct 29 (APP):The Cabinet Committee on Energy (CCOE) Thursday directed the Power Division to workout detailed projections and mitigation strategies for circular debt build up as well as monitor the implementation progress of the reform measures to minimize the circular debt buildup in the power sector. The meeting of the committee was held here… Continue reading CCOE directs for implementing reform measures to minimize circular debt
ECC in principle approves tax relief for telecom sector
ISLAMABAD, Oct 28 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved in principle the proposal aimed at facilitating the telecom sector by the waiver of certain taxes. “In order to facilitate the Telecom sector by the waiver of certain taxes, ECC decided that the proposal may be granted approval in Principle,” said a… Continue reading ECC in principle approves tax relief for telecom sector
TCP imports sugar at most competitive rates: Hammad Azhar
ISLAMABAD, Oct 28 (APP):Federal Ministries of Industries and Production, Hammad Azhar said Wednesday that Trading Corporation of Pakistan (TCP) had imported sugar at the most competitive rates from the international market without any involvement of government. In a tweet, he said that the sugar would be sold in the market by Punjab government at prices… Continue reading TCP imports sugar at most competitive rates: Hammad Azhar
Exports of sports goods fall 11.84% in Q1
ISLAMABAD, Oct 27 (APP): The exports of sports goods from the country witnessed decrease of 11.84 percent during the first quarter (Q1) of the ongoing financial year (2020-21) against the exports of corresponding period of last year. The country exported sports goods worth $66.681 million during July-September (2020-21) against the exports of $75.633 million during… Continue reading Exports of sports goods fall 11.84% in Q1
Exports to Afghanistan decrease 13.98% in Q1
ISLAMABAD, Oct 27 (APP): Pakistan’s exports of goods and services to Afghanistan witnessed a decrease of 13.98 percent during the first quarter (Q1) of current fiscal year (2020-21) as compared to the exports of corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to Afghanistan were recorded at US $209.868… Continue reading Exports to Afghanistan decrease 13.98% in Q1
ECC proposes Rs1600 per 40kg wheat support price
ISLAMABAD, Oct 26 (APP):The Economic Coordination Committee (ECC) of the Cabinet Monday decided to propose to the cabinet Rs 1600 as minimum support price (MSP) per 40 kilogram for the upcoming wheat crop 2020-2021. The cabinet committee, meeting of which was chaired by Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh, was… Continue reading ECC proposes Rs1600 per 40kg wheat support price
Country’s economy moving towards growth phase: Asad Umar
ISLAMABAD, Oct 25 (APP): Minister for Planning, Development, and Special Initiatives Asad Umar on Sunday said the country’s economy had achieved stabilization and was now moving into the growth phase. “Strong earnings being reported by companies listed on Pakistan Stock Exchange (PSX) reflect that stabilization having been achieved, and economy is moving into the growth… Continue reading Country’s economy moving towards growth phase: Asad Umar
Mega development package to be worked out soon: Asad Umar
HYDERABAD, Oct 24 (APP):Federal Minister for Planning, Development and Special Initiatives Asad Umar Saturday said a mega development package for the city on the lines of the Karachi package would be worked out soon. “We have discussed the projects required for development of Hyderabad during my today’s visit,” he said this while addressing a press… Continue reading Mega development package to be worked out soon: Asad Umar
FATF acknowledges progress made by Pakistan on action plan items
ISLAMABAD, Oct 23 (APP): The Financial Action Task Force (FATF), after reviewing Pakistan’s progress on action plan in its Plenary meeting held on Friday (October 23), acknowledged that Pakistan has made progress across all action plan items and has now “largely addressed” 21 of the 27 action items. According to a press statement issued here… Continue reading FATF acknowledges progress made by Pakistan on action plan items
World Bank approves $304 mln to support public resource management in Punjab
ISLAMABAD, Oct 23 (APP): The World Bank’s Board of Executive Directors approved $304 million in financing for Punjab Resource Improvement and Digital Effectiveness Program (PRIDE) on Friday. The program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province. “The PRIDE program is integral to… Continue reading World Bank approves $304 mln to support public resource management in Punjab
World Bank to support Pakistan through IDA during COVID crisis
ISLAMABAD, Oct 23 (APP):The World Bank has appreciated Pakistan government’s reform agenda in various sectors and reiterated commitment to support Pakistan through International Development Association (IDA) 2020 during COVID-19 crisis. The commitment was made during a virtual meeting of Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh with Managing Director, World Bank… Continue reading World Bank to support Pakistan through IDA during COVID crisis
Report of giving immunity to CPEC Authority Chairman from NAB investigation is misleading: Planning Ministry
ISLAMABAD, Oct 22 (APP): The government Thursday termed the reports of giving immunity to Chairman CPEC Authority from investigation of National Accountability Bureau (NAB) as misleading. “It has been reported in certain sections of press that the new CPEC Authority Bill, 2020 will give immunity to Chairman, CPEC Authority and other officers from investigations of… Continue reading Report of giving immunity to CPEC Authority Chairman from NAB investigation is misleading: Planning Ministry
Asad Umar, CM KP discuss provincial projects under CPEC
ISLAMABAD, Oct 22 (APP): Chief Minister Khyber Pakhtunkhwa Mahmood Khan called on the Federal Minister for Planning, Development and Special Initiatives Asad Umar here Thursday to discuss priority projects of Government of Khyber Pakhtunkhwa for inclusion in the China Pakistan Economic Corridor (CPEC) portfolio. Senior officials from federal and provincial governments attended the meeting. The… Continue reading Asad Umar, CM KP discuss provincial projects under CPEC
COVID-19 put negative impact on poultry, livestock
ISLAMABAD, Oct 21 (APP): Federal Minister for National Food Security and Research Syed Fakhar Imam Wednesday said that COVID-19 had put negative impact on livestock and poultry sectors as their output was reduced significantly. However, he said, the local poultry industry was recovering and measures would be taken to boost the local poultry Industry. Addressing… Continue reading COVID-19 put negative impact on poultry, livestock
Mobile phone imports increase 83.17 % in Q1
ISLAMABAD, Oct 21 (APP): The import of mobile phones into the country has witnessed an increase of 83.17 percent during the first quarter (Q1) of financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported mobile phones worth US $492.894 million during July-September (2020-21) as compared to the imports of US… Continue reading Mobile phone imports increase 83.17 % in Q1
- Governor Punjab Balighur Rehman offering Dua after tree planting on the occasion of International Conference on Climate Change at Grand Asian University
- Pakistan, Japan agrees to convene ‘Economic Policy Dialogue’
- Captain New Zealand Cricket team, Michael Bracewell talking the media during a practice session at the Qaddafi Cricket Stadium ahead of the fourth Twenty20 Cricket match between Pakistan and New Zealand Cricket Teams in a five-match Twenty20 series
- Pakistan Cricket Team captain Babar Azam talking to media during a practice session at the Qaddafi Cricket Stadium ahead of the fourth Twenty20 Cricket match between Pakistan and New Zealand Cricket Teams in a five-match Twenty20 series
- Ministers visit Aziz Bhatti Shaheed Hospital following roof collapse incident
