Category: Business

ISLAMABAD, Jul 13 (APP):Rice crop cultivation targets for Kharif season 2020-21 was fixed at 2, 957 thousand hectares in order to produce about 7.999 million tons to fulfill the domestic requirements as well as for exporting. Rice is among major crops of the country which is use as staple food, where as it also contributes… Continue reading Rice to be grown over 2,957 thousand hectares

ISLAMABAD, Jul 13 (APP):President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik Monday said Prime Minister Imran Khan’s massive package for the construction industry is a ray of hope at the time when the country’ s industry bearing the brunt of coronavirus impact. The incentive package would provide a boost to the country’s economy… Continue reading Promoting construction sector to boost Pakistan’s economy:Iftikhar Ali Malik

ISLAMABAD, Jul 12 (APP):Chairman Federal Board of Revenue (FBR) Muhammad Javed Ghani on Saturday said he would try to address the tax related issues of business community so that they could be facilitated in promoting business activities and strengthening the economy. He said this while talking to a delegation of Islamabad Chamber of Commerce and… Continue reading Chairman FBR assures businessmen for addressing tax issues, facilitating them

KARACHI, Jul 11 (APP):Pakistan Stock Exchange (PSX) will resume its normal operational timings , as post COVID-19 activities, from next week i.e. Monday (July 13) with designated time schedule being 9:30 am to 3:30 – 3:45 pm during first four days of the week and from 9:15 am to 4:30 pm every Friday. PSX Managing… Continue reading PSX to return to regular operational hours and help propagate normal market activities

ISLAMABAD, Jul 10 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Friday said Pakistan as a responsible member of international community continued to ensure the earliest completion of the Financial Action Task Force (FATF) Action Plan through increasing the effectiveness of its AML / CFT Regime. The adviser was delivering… Continue reading Pakistan ensuring completion of FATF Action Plan: Hafeez Shaikh

ISLAMABAD, Jul 10 (APP):Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday reviewed the local stock of Personal Protective Equipment (PPE) to ensure that PPEs exports could not pour effects on domestic shortages. He expressed these views while chairing a meeting of the Committee to oversee the exports of Personal… Continue reading Razak reviews PPE stock positions to ensure local demand

ISLAMABAD, Jul 10 (APP):Minister for Planning Development and Special Initiatives Asad Umar chaired a meeting to review Monitoring and Evaluation System of Ministry of the ministry here on Friday. Members of Planning Commission advisory committee, MNA Najeeb Haroon, Chief of HUBCO Khalid Mansoor and Chairman Pakistan Software House association Syed Ahmad and senior officials of… Continue reading Asad umar reviews monitoring, evaluation system of planning ministry

ISLAMABAD, Jul 10 (APP):The experts and academics Friday said China-Pakistan agriculture cooperation would have huge potential and it would help in agricultural up-gradation and technological transfer to Pakistan. The memorandum of understanding (MoU) between the two countries had provided the right kind of framework that needed to be vigorously pursued the goals of collaboration and… Continue reading China-Pakistan cooperation to help in agricultural up-gradation, technological transfer to Pakistan: say experts

ISLAMABAD, Jul 10 (APP):Pakistan earned US $ 1176.750 million by providing different information technology (IT) services in various countries during the first ten months of fiscal year 2019-20. This shows growth of 20.85 percent when compared to US $ 973.760 million earned through provision of services during the corresponding period of last fiscal year 2018-19,… Continue reading Pakistan’s earns US $ 1176 mln from IT services’ export

ISLAMABAD, Jul 09 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that Phase-II of Prime Minister Kamyab Jawan Program in collaboration with Ministry of Industries will give loans for establishment of Utility Stores’ franchises. He was chairing a meeting on PM’s Kamyab Jawan Programme (PMKJP) for establishing utility stores franchises across… Continue reading Govt to provide loans for establishment of utility stores

ISLAMABAD, Jul 09 (APP):Federal Minister for privatization Muhammad Mian Soomro Thursday said the privatization of National Power Parks Management Company Limited (NPPMCL) would not be affected by any perceived sectoral issues emanating from recent developments. He said this while addressing an important meeting regarding the privatization of power plants and related power sector reforms. Minister… Continue reading NPPMCL privatization not to be affected by any perceived sectoral issues; says Soomro

ISLAMABAD, Jul 9 (APP):Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood Thursday asked the private sector to coordinate with the Board of Investment (BoI) for availing the opportunities in the U.S. International Development Finance Cooperation (IDFC) available funds. He said the procedures were being developed to facilitate the investment through U.S.… Continue reading Razak asks private sector to coordinate with BoI for availing U.S. IDFC funds

ISLAMABAD, Jul 09 (APP):The price of 24 karat gold increased by Rs800 on Thursday and was traded at Rs109,100 as against its trading at Rs108,300 the previous day, Karachi Sarafa Association reported. Likewise the price of 10 gram gold also witnessed increase of Rs686 and was trade at Rs93,536 against its sale at Rs92,850. The… Continue reading Gold price increases Rs800 to Rs109,100 per tola

ISLAMABAD, Jul 09 (APP):Fruits and vegetables exports grew by 1.18 percent and 29.27 percent respectively during 11-month of financial year 2019-20 as compared the exports of the corresponding period of last year. During the period from July-May, 2019-20 about 762,007 metric tons of fresh fruits worth $397.997 million exported as against 731,029 metric tons valuing… Continue reading Fruits, vegetables exports grew during 11 months

ISLAMABAD, Jul 09 (APP):The exports of artificial jewellery witness 32.19 percent decrease during the eleven months of ongoing financial year 2019-20 as compared to the corresponding period of last year. The country exported jewellery worth US $3.204 million during July-May (2019-20) against the exports of US $4.725 million during July- May (2018-2019), showing decline of… Continue reading Artificial Jewellery’s exports decrease 32.19pc to US $3.204 million

ISLAMABAD, Jul 9 (APP):The exchange rate of Pakistani rupee gained 18 paisas against US dollar in the interbank on Thursday to close at Rs166.58 compared to the last closing of Rs166.76. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs 166.5 and Rs… Continue reading Rupee strengthens against dollar

ISLAMABAD, Jul 08 (APP):The Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday said, Information Technology (IT) and Information Technology Enabled Services (ITES) is one of the top priorities of the government to encourage local and foreign investors in local IT sector. The Advisor said “I am glad to see… Continue reading Government to encourage local ,foreign investors in IT Sector: Razak Dawood

ISLAMABAD, July 08 (APP):The government has released funds amounting to Rs287.289 million during the last fiscal year to execute seven petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs 304.997 million. According to the official data as of June 30 that showed a slight readjustment in funds’ allocation… Continue reading Govt releases Rs287.289 million for 7 petroleum sector projects during last FY

ISLAMABAD, Jul 7 (APP):Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood Tuesday applauded the exporters on the high-quality performance in financial year 2019-20, despite the very challenging situation due to COVID-19. “Our exports were only 6 percent less in year 2019-20, while our regional country including Bangladesh was down by 17 percent… Continue reading Razak appreciates exporters on high-quality performance in 2019-20