Category: Business

Business news from Pakistan

No delay in wheat procurement target decision, clarifies finance ministry

ISLAMABAD, Apr 6 (APP): In response to reports appearing in a section of the press, the Finance Ministry here on Saturday clarified that there had been no delay in the decision-making process regarding wheat procurement targets. “News stories appearing in a section of the press have given the misleading impression that ECC has delayed the… Continue reading No delay in wheat procurement target decision, clarifies finance ministry

Commerce Minister, HanGeng discuss Investment opportunities in Gawadar

Chief Executive Officer (CEO) HanGeng Trade & Yuanhua Industrial, Andy Liao here on Saturday called on Federal Minister for Commerce, Jam Kamal Khan to discuss foreign investment opportunities in Gawadar and ways to expand exports. They explored Gawadar’s potential for economic growth and collaboration between foreign companies and local authorities, according to press statement issued… Continue reading Commerce Minister, HanGeng discuss Investment opportunities in Gawadar

Commerce minister joins NPC ,gala festival

ISLAMABAD, Apr 05 (APP): Federal Minister for Commerce, Jam Kamal Khan on Friday joined the National Press Club Gala Festival, where he engaged with journalists and their families, distributing gifts in a gesture of appreciation for their contributions. Welcomed by National Press Club president, Azhar Jatoi, Secretary Neyyar Ali, and other senior journalists, the minister… Continue reading Commerce minister joins NPC ,gala festival

CCP aims to propose digital competition bill for Pakistani market

ISLAMABAD, Apr 05 (APP): The Competition Commission of Pakistan (CCP) has launched a “Competition Assessment of Digital Markets and Digital Services in Pakistan.” According to CCP press statement issued here, the study aims to understand the impact of digital markets and services on competition, economic growth, and employment opportunities. It will make policy recommendations to… Continue reading CCP aims to propose digital competition bill for Pakistani market

American Business Council proposes steps for documenting economy

ISLAMABAD, Apr 5 (APP): The American Business Council (ABC) of Pakistan has proposed documenting the country’s economy by emphasizing tax reforms and ease of doing business in the upcoming budget 2024-25. Tax income should be on profit and not on turnover and with this it has been suggested to restore the confidence of investors and… Continue reading American Business Council proposes steps for documenting economy

American Business Council proposes steps  for documenting economy

ISLAMABAD, Apr 5 (APP):The American Business Council (ABC) of Pakistan has proposed documenting the country’s economy by emphasizing tax reforms and ease of doing business in the upcoming budget 2024-25. Tax income should be on profit and not on turnover and with this it has been suggested to restore the confidence of investors and broaden… Continue reading American Business Council proposes steps  for documenting economy

Rupee remains unchanged; closed at Rs277.92 against dollar

ISLAMABAD, Apr 5 (APP):Pakistani Rupee on Friday remained static against the US dollar in the interbank trading and closed at Rs277.92 against the previous day’s closing of Rs277.92. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.2 and Rs280.25 respectively.… Continue reading Rupee remains unchanged; closed at Rs277.92 against dollar

Kerb currency market

KARACHI, Apr 05 (APP):Following were the Opening Rates of foreign currencies in Kerb market issued by the Exchange companies Association of Pakistan, here on Friday. F.C.                         BUYING        SELLING INTER BANK             277.80         278.00 USD … Continue reading Kerb currency market

Shipping activity at Port Qasim

KARACHI, Apr 05 (APP):Fiveships namely,Cosco America, Xpress Salween, Marina Arung, Lian Song Hu and Alba Gas carrying Container, Palm oil, Gas oil and LPG, berthed at Container, Liquid Terminal, FOTCO Terminal and Sui Southern Gas Terminal respectively on Thursday.        Meanwhile three more ships, BanglarAgragoti, Corona and Sea Pearl are also arrived at… Continue reading Shipping activity at Port Qasim

NBP Exchange Rates

KARACHI, Apr 05 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 278.30 277.80 EURO EUR 301.86 301.32 JAPANESE YEN JPY 1.8400 1.8367 BRITISH POUND GBP 351.37 350.74 SWISS FRANC CHF 308.43 307.88 CANADIAN DOLLAR CAD 205.07 204.70 AUSTRALIAN… Continue reading NBP Exchange Rates

Kazakhstan agrees to enhance economic, trade ties with Pakistan

ISLAMABAD, April 04 (APP): Ambassador of Kazakhstan Yerzhan Kistafin met with Federal Minister for Commerce Jam Kamal Khan on Thursday and agreed to enhance bilateral economic and trade ties between the two countries. The meeting focused on strategies to increase the trade volume between the two nations, said a press release issued here. During the… Continue reading Kazakhstan agrees to enhance economic, trade ties with Pakistan

Pakistan, Azerbaijan vow to deepen cooperation

ISLAMABAD, Apr 04 (APP): Pakistan and Azerbaijan here on Thursday vowed to strengthen cooperation between the two brotherly countries in diverse fields for mutual benifit. The commitment was made during the meeting of Ambassador of the Republic of Azerbaijan to Pakistan, Khazar Farhadov with Federal Minister for Economic Affairs, Ahad Khan Cheema, said a press… Continue reading Pakistan, Azerbaijan vow to deepen cooperation

Govt to provide policy support to industrial sector in upcoming Budget

ISLAMABAD, Apr 04 (APP): Federal Minister for Commerce Jam Kamal Khan on Thursday said that the government will provide economic and trade policy support to the business community and their suggestions will be implemented in the upcoming budget. The government is fully aware of its responsibilities for economic and industrial competitiveness and productivity and in… Continue reading Govt to provide policy support to industrial sector in upcoming Budget

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