Budget of 2020-21 to be different from past: Razak Dawood

ISLAMABAD, Jun 9 (APP):Adviser to the Prime Minister on Commerce & Investment Abdul Razak Dawood on Tuesday said the upcoming budget of 2020-21 would be different from past due to COVID-19. Talking to a private TV channel, he said the revenue of the country had reduced due to a huge gap between the imports and… Continue reading Budget of 2020-21 to be different from past: Razak Dawood

Published
Categorized as Business

OGRA asks OMCs to supply fuel at dry outlets ‘immediately’

ISLAMABAD, June 09 (APP):Oil and Gas Regulatory Authority (OGRA) on Tuesday ‘strictly’ advised Oil Marketing Companies (OMCs) to supply fuel at their dry outlets ‘immediately,’ warning of stern action against hoarders and price manipulators. “Supplies will normalize as committed by OMC’s in patches where outlets gone dry in a day or so,” the authority’s spokesman… Continue reading OGRA asks OMCs to supply fuel at dry outlets ‘immediately’

Published
Categorized as Business

Omar Ayub expresses concern over fuel shortage; forms body to identify balck marketers

ISLAMABAD, June 08 (APP):Minister for Energy Omar Ayub Khan on Monday expressed deep concern over fuel shortage, artificially created by some Oil Marketing Companies (OMCs) and dealers for maximum profits, and formed a committee to verify stocks availability, identify black-marketing and hoarding by some elements. Chairing a video conference here at the Petroleum Division, he… Continue reading Omar Ayub expresses concern over fuel shortage; forms body to identify balck marketers

Exporters hail govt decision of allowing PPEs exports items

ISLAMABAD, Jun 07 (APP):The exporters of textiles and Personal Protective Equipment’s (PPEs) have welcomed the government decision of allowing exports of all PPEs items-both woven and non-woven, saying that the decision would provide them opportunity to cater to the demands of world markets. The decision would provide local exporter a huge opportunity to achieve their… Continue reading Exporters hail govt decision of allowing PPEs exports items

Published
Categorized as Business

COVID-19 Relief package: SBP provides liquidity of around 1 trillion

ISLAMABAD, Jun 07 (APP):After announcing the relief package for the people affected by lock downs across the country to contain COVID-19, the State Bank of Pakistan (SBP) has so far provided liquidity relief of over Rs 1 trillion to various sectors. According to data issued by SBP, under the Rozgar Scheme , 291,172 businesses with… Continue reading COVID-19 Relief package: SBP provides liquidity of around 1 trillion

Published
Categorized as Business

Development partners asked to help government come up with swift, robust policy response to COVID-19

ISLAMABAD, Jun 05 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Friday asked the international development partners and the government agencies to continue evaluating the losses suffered by the Pakistan economy due to COVID-19 to help the government come up with a swift and robust policy response. The adviser was… Continue reading Development partners asked to help government come up with swift, robust policy response to COVID-19

Published
Categorized as Business

Govt to consider PTA budget proposals: Hafeez Shaikh

ISLAMABAD, Jun 05 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Friday said the proposals given by the Pakistan Textile Council (PTC) would be considered while finalizing the budget so as to provide maximum possible relief to the businesses. He said this during a Zoom meeting held with the office… Continue reading Govt to consider PTA budget proposals: Hafeez Shaikh

Published
Categorized as Business

EU extends Pakistan GSP Plus status till 2022: Senate told

ISLAMABAD, Jun 05 (APP):Adviser to Prime Minister on Commerce Abdul Razak Dawood on Friday informed the Senate that European Union (EU) has extended Pakistan GSP Plus status till 2022. Responding to various questions during Question Hour, the adviser said as a result of the EU’s “Special Incentive Arrangement for Good Governance and Sustainable Development”, Pakistan… Continue reading EU extends Pakistan GSP Plus status till 2022: Senate told

Published
Categorized as Business

Govt aiming to facilitate businesses, boost growth: Dr Hafeez Shaikh

File photo

ISLAMABAD, Jun 04 (APP):Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh Thursday said the government was aiming to improve the business environment in the country by providing level playing field and ensuring ease of doing business. The advisor said this while holding Zoom meetings with the office bearers and members… Continue reading Govt aiming to facilitate businesses, boost growth: Dr Hafeez Shaikh

Published
Categorized as Business

No rift in UK-Pakistan tax authorities; FBR

ISLAMABAD, Jun 04 (APP):The Federal Board of Revenue (FBR) Thursday rebutted a news story published in a section of press on Wednesday, claiming a rift between the tax authorities of the United Kingdom and Pakistan. The board clarified that it enjoyed very cordial relations with its UK counterpart, HM Revenue and Customs (HMRC) and the… Continue reading No rift in UK-Pakistan tax authorities; FBR

Published
Categorized as Business

ADB, ESCAP discuss stepping up cooperation to help Asia Pacific in addressing COVID-19 crisis

ISLAMABAD, Jun 03 (APP):Asian Development Bank (ADB) President Masatsugu Asakawa and United Nations Economic and Social Commission for Asia and Pacific (ESCAP) Executive Secretary Armida Salsiah Alisjahbana Wednesday discussed enhancing cooperation to help Asia Pacific region in order to address the novel coronavirus disease. “ESCAP played a key role in the establishment of ADB, and… Continue reading ADB, ESCAP discuss stepping up cooperation to help Asia Pacific in addressing COVID-19 crisis

Published
Categorized as Business

Fakhar to collaborate with provinces to implement Agriculture Package

Fakhar Imam

ISLAMABAD, Jun 03 (APP):Minister for National Food Security and Research Syed Fakhar Imam on Wednesday said that Ministry of National Food Security and Research would collaborate with provincial governments at all levels for successful implementation of Agriculture Fiscal Package. He said that federal government, despite the challenging times, allocated Rs. 5 billion for the vulnerable… Continue reading Fakhar to collaborate with provinces to implement Agriculture Package

Published
Categorized as Business

Hafeez Shaikh thanks China for helping overcome Coronavirus

ISLAMABAD, Jun 02 (APP):Advisor to Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh Tuesday thanked Chinese government for supporting Pakistan in its fight against coronavirus pandemic by providing medical equipment and helping in treatment of COVID-19 patients. The advisor was talking to Chinese Ambassador to Pakistan Yao Jing, according to press statement issued… Continue reading Hafeez Shaikh thanks China for helping overcome Coronavirus

Published
Categorized as Business

CDNS reduces its certificate rates by 1 % from June 2

ISLAMABAD, Jun 2 (APP):The Central Directorate of National Savings (CDNS) has reduced the interest rate by 1 percent on the savings certificates investment due to lower rates of Pakistan Investment Bonds (PIB) applicable from June 02, 2020. “The CDNS interest rates are linked with the policy of PIB, set by State Bank of Pakistan (SBP),”… Continue reading CDNS reduces its certificate rates by 1 % from June 2

Published
Categorized as Business

Gov’t releases Rs 583 bn for development projects

ISLAMABAD, Jun 01 (APP):The federal government has so far authorized release of Rs 583 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs701 billion. Under its development programme, the government has released an amount of Rs 244.2 billion for… Continue reading Gov’t releases Rs 583 bn for development projects

Published
Categorized as Business

Govt prioritizes ‘Doing Business’ reforms to bring FDIs in SEZs: Razak Dawood

ISLAMABAD, Jun 01 (APP):Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Monday said the government has prioritized the Doing Business (DB) reforms at national to provincial level for industrial growth and bring foreign investment Special Economic Zones (SEZs). The Government has established a project management unit at Board of Investment (BOI)… Continue reading Govt prioritizes ‘Doing Business’ reforms to bring FDIs in SEZs: Razak Dawood

Published
Categorized as Business

Pakistan, World Bank to sign US$ 188 mln disaster resilience, ecosystem restoration pact

ISLAMABAD, May 31 (APP):The World Bank has agreed to join hands with Pakistan to support Rs. US$ 188 million for disaster resilience and ecosystem restoration initiatives through more reliable and timely weather forecasting, improved disaster risk management services as well as help tackle growing environmental challenges. A focal person of ministry of climate change, Muhammad… Continue reading Pakistan, World Bank to sign US$ 188 mln disaster resilience, ecosystem restoration pact

Published
Categorized as Business

Govt focusing on attracting FDI, transfer of technology in SEZs: Razak Dawood

ISLAMABAD, May 31 (APP):The Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood has said the government was prioritizing development of Special Economic Zones (SEZs) for attracting Foreign Direct Investment (FDI) and transfer of technology into the country. “The SEZs are primarily focused on industrialization that result in export promotion, import substitution, transfer… Continue reading Govt focusing on attracting FDI, transfer of technology in SEZs: Razak Dawood

Published
Categorized as Business

PRGMEA calls for zero-rated regime restoration in Budget 2020-21

LAHORE, May 30 (APP)::Pakistan Readymade Garments Manufacturers & Exporters Association, in its budget proposals for 2020-21, submitted to the federal government, has called for restoration of zero-rated regime of ‘no payment and no refund of sales tax’ for export-oriented sectors including textile at least for one year to sustain the industry amidst crucial liquidity crunch… Continue reading PRGMEA calls for zero-rated regime restoration in Budget 2020-21

Published
Categorized as Business

SCCI, Afghan diplomats agree for joint efforts to remove hurdles in Pak-Afghan trade

PESHAWAR, May 30 (APP):Sarhad Chamber of Commerce and Industry (SCCI) and Afghan diplomats agreed to make joint efforts to remove hurdles to bilateral Pak-Afghan trade and transit trade. The agreement came during a meeting between the SCCI, Pak-Afghan Joint Chambers of Commerce and Industry (PAJCCI) former senior vice president, and Frontier Custom Agents Association (FCAA)… Continue reading SCCI, Afghan diplomats agree for joint efforts to remove hurdles in Pak-Afghan trade

Published
Categorized as Business
APP Services