IMF Mission concludes visit with satisfaction over progress in key areas

ISLAMABAD, Feb 14 (APP):The International Monetary Fund (IMF) mission Friday concluded its staff level visit, expressing satisfaction with the progress made during the last few months in advancing reforms and continuing with sound economic policies. “All end-December performance criteria were met, and structural benchmarks have been completed,” an IMF press release, issued at the conclusion… Continue reading IMF Mission concludes visit with satisfaction over progress in key areas

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Pak-Turkey business to business networking session held

ISLAMABAD, Feb 13 (APP):The Ministry of Commerce organized, Pakistan-Turkey Business to Business, Networking session during the visit of Turkish President Recep Tayyip Erdogan here. The objective of this initiative was to bring the businessmen from Turkey and Pakistan under one roof to explore ways to enhance trade and investment, said a press release issued by… Continue reading Pak-Turkey business to business networking session held

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Mian Soomro chairs meeting to review progress on privatization process

APP07-12 ISLAMABAD: February 12 - Federal Minister/Chairman Privatisation, Mohammedmian Soomro chairing 8th review meeting to discuss the progress made so far in privatisation of PSEs. APP

ISLAMABAD, Feb 12 (APP):Federal Minister for Privatization Mohammed Mian Soomro chaired a meeting to review progress made so far in the privatization of selected public sector entities. Transaction managers, consultants and senior officials of the ministry attended the meeting, said a press release issued by Ministry of Privatization here on Wednesday. Federal minister was briefed… Continue reading Mian Soomro chairs meeting to review progress on privatization process

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Business community hopes for increasing Pak-Turk trade up to US$ 2 billion

ISLAMABAD, Feb 12 (APP):Business community termed the visit of Turkish President Tayyip Erdogan to Pakistan a golden opportunity to enhance trade and business relations among Pakistan and Turkey and expressed hope that the trade volume between the both countries can be increased as high as US$ 2 billion with some joint efforts made by public… Continue reading Business community hopes for increasing Pak-Turk trade up to US$ 2 billion

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Japanese delegation meets Privitization Minister

ISLAMABAD, Feb 11 (APP):Japnese energy company Mitsui and Co. (Asia Pacific) Ltd delegation led by General Manager (GM) Hisato Nakayama called on Federal Minister for Privatization Mohammedmian Soomro here on Tuesday. The ministry has pre-qualified 12 companies for the privatization of two RLNG based power plants located at Haveli Bahadur Shah and Balloki, said a… Continue reading Japanese delegation meets Privitization Minister

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American Business Council lauds govt’s business-friendly policies

ISLAMABAD, Feb 11 (APP):The American Business Council here on Tuesday lauded the efforts made by the incumbent government for the promotion of investment in the country. A delegation of the council called on Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh and shared with him a number of recommendations and… Continue reading American Business Council lauds govt’s business-friendly policies

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Asad Umar directs for early finalizing of ML1 financing works

ISLAMABAD, Feb 11 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Tuesday asked the Financing Committee of Railways Mainline ML1 project to expedite its work by engaging with the Chinese side to finalize terms and conditions of financing of the project. The financing committee for the project was constituted by the Planning Commission which… Continue reading Asad Umar directs for early finalizing of ML1 financing works

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Pakistani exhibitors participate in exhibition Ambiente, Frankfurt 2020

ISLAMABAD, Feb 11 (APP):Pakistani exhibitors of salt products and Handicraft companies have participated in the exhibition Ambiente, Frankfurt 2020. Over 4,500 exhibitors from 92 countries while over 136,000 buyers have joined the exhibition Ambiente, Frankfurt 2020, says a press release received here on Tuesday. Pakistan has been participating in Ambiente for many years and a… Continue reading Pakistani exhibitors participate in exhibition Ambiente, Frankfurt 2020

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FBR, Iran customs sign MoU for Electronic Exchange of Data

ISLAMABAD, Feb 10 (APP):The Federal Board of Revenue (FBR) and Iran Customs on Monday signed a Memorandum of Understanding (MoU) for Electronic Exchange of Data. The signing ceremony was chaired by Member (Customs-Policy/Operation), FBR Muhammad Javed Ghani, and subsequently presided over by the acting Chairperson, FBR, Nausheen Javaid Amjad, said a press release issued here.… Continue reading FBR, Iran customs sign MoU for Electronic Exchange of Data

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Soomro appreciates Thai companies to investment in local power sector

ISLAMABAD, Feb 10 (APP):Federal Minister for Privatization Mohammed mian Soomro on Monday appreciated the Thailands power sector companies for investing in Pakistan to provide competitiveness in this sector. The delegation from Thailand Investment Company and Global Power Synergy Public Company Limited (GPSC) called on Federal Minister for Privatization Mohammedmian Soomro here, said a press release… Continue reading Soomro appreciates Thai companies to investment in local power sector

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ECC bans export of sugar to stabilize domestic prices

ISLAMABAD, Feb 10 (APP):The Economic Coordination Committee (ECC) of the Cabinet Monday banned the export of sugar to maintain the prices of the commodity in the domestic market. The ECC meeting was chaired by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Sheikh, was given a briefing by the Ministry of… Continue reading ECC bans export of sugar to stabilize domestic prices

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Policies, reform programme based on good economic management: Finance Division

ISLAMABAD, Feb 10 (APP):The Ministry of Finance Monday said that the economic policies and reforms programme of the government, being implemented with the support of International Monetary Fund (IMF), were based on sound and well-established principles of good economic management. “The objective of these policies is stabilization in the first phase, followed by rapid, sustainable… Continue reading Policies, reform programme based on good economic management: Finance Division

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FBR arranges interaction session among academia, policy formulators & implementers

ISLAMABAD, Feb 10 (APP):The International Taxes Wing of Federal Board of Revenue (FBR) on Monday arranged a session aimed at encouraging meaningful interaction among the academia, policy formulators and implementers. The Professor, Department of Commerce, Bahauddin Zakariya University Multan Dr Rehana Kouser and Associate Professor Saifullah Qureshi were invited to discuss various issues emanating from… Continue reading FBR arranges interaction session among academia, policy formulators & implementers

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Ready to work for welfare, development of masses: Asad Umer

KARACHI, Feb 09 (APP):Federal Minister for Planning and Development Asad Umer on Sunday said they are ready to work with all stakeholders, irrespective of political affiliations,on the projects of development and welfare to serve the countrymen. He said this while addressing the inaugural ceremony of Shaheed Malik Siddiq Awan Welfare Trust Hospital – Lyari here… Continue reading Ready to work for welfare, development of masses: Asad Umer

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FBR organizes event to create awareness about PoS mechanism

ISLAMABAD, Feb 08 (APP):The Federal Board of Revenue (FBR) on Saturday organized an event at Packages Mall,Lahore to create awareness among people about the Point of Sale (PoS), the linked invoicing system of the board. The objective of this event was to apprise the people and the retailers about the installation and utility of PoS… Continue reading FBR organizes event to create awareness about PoS mechanism

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Philippine Queen invites business projects for human support

KARACHI, Feb 08 (APP):Philippine Queen of Power-Mandano, Sultana Bae A. Gaus Maria Amor on Saturday invited Pakistan’s business community to come up with business projects as joint ventures with Philippine investors and that these should be aimed at supporting humanity instead of making big profits. The Queen is on a three-day visit to Karachi to… Continue reading Philippine Queen invites business projects for human support

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Govt to ensure 100% expenditures of development funds under PSDP 2019-20: Asad Umar

ISLAMABAD, Feb 7 (APP):Minister for Planning, Development and Special Initiative Asad Umar Friday said that under special directives of Prime Minister Imran Khan, the federal government was fully committed to meet the target of expenditures of development funds under Public Sector Development Programme (PSDP) 2019-20. “The target of spending Rs 701 billion on the development… Continue reading Govt to ensure 100% expenditures of development funds under PSDP 2019-20: Asad Umar

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POL products’ consumption stands at 20.03 MT in 2018-19

Govt saves Rs 5.2 bln by detecting 272,149 gas theft cases

ISLAMABAD, Feb 7 (APP):The consumption of petroleum products stood at 20.03 Million Ton (MT) during the last fiscal year, out of which the country produced around 2.80 MT indigenously. “The contribution of local refineries is almost 63 percent of the total consumption. Per barrel price of petrol produced is about US$ 72.50,” according to an… Continue reading POL products’ consumption stands at 20.03 MT in 2018-19

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Coronavirus will not stop economic cooperation with Pakistan: Chinese Envoy

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ISLAMABAD, Feb 06 (APP):Chinese Ambassador to Pakistan, Yao Jing Thursday said that the Coronavirus catastrophe would not stop the economic cooperation between China and Pakistan. “We are thankful to the Pakistani government and people for showing solidarity in our difficult time which provide us strength and more confidence”, he said while addressing a special Seminar… Continue reading Coronavirus will not stop economic cooperation with Pakistan: Chinese Envoy

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CPEC phase II envisions generating mass employment: Chairman CPEC Authority

ISLAMABAD, Feb 6 (APP):Chairman CPEC Authority General (Retd) Asim Saleem Bajwa has said that the second phase of China Pakistan Economic Corridor (CPEC) encompassed multi-sector projects that would generate mass level employment opportunities in the country. “Time to gear up for Phase-2 which is envisioned to generate mass employment through more projects of mass industrialisation,… Continue reading CPEC phase II envisions generating mass employment: Chairman CPEC Authority

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