Category: Business

Business news from Pakistan

ADB adopts new operating model to meet rapidly changing needs of Asia, Pacific

ISLAMABAD, Nov 1 (APP):The Asian Development Bank (ADB) has adopted a comprehensive reform road map, featuring a new operating model, to accelerate its transformation and more effectively serve the rapidly changing needs of its developing member countries in Asia and the Pacific. According to ADB statement received here, the new operating model would enable the bank… Continue reading ADB adopts new operating model to meet rapidly changing needs of Asia, Pacific

New wheat support price to be fixed in next Cabinet meeting: Syed Naveed Qamar

APP55-311022 KARACHI: October 31 –Federal Minister for Commerce Syed Naveed Qamar and Federal Minister for Climate Change Sherry Rehman holding a join press conference at the State Life Building here on Monday.APP/SDQ/TZD/SSH

New wheat support price to be fixed in next Cabinet meeting: Syed Naveed Qamar

Gov’t keeps petroleum prices unchanged, extends tax returns’ date

ISLAMABAD, Oct 31 (APP):The government has decided to keep the prices of petroleum products unchanged for first half of November 2022 besides extending the last date for filing of tax returns. Briefing media here, Minister for Finance Senator Ishaq Dar also announced the government’s decision to increase the threshold of letters of credits (LCs) payments… Continue reading Gov’t keeps petroleum prices unchanged, extends tax returns’ date

New Karachi-Hyderabad motorway, ML-1, KCR projects to be signed during PM’s visit to China: Ahsan Iqbal

ISLAMABAD, Oct 31 (APP):Minister for Planning, Development and Special Initiatives Ahsan Iqbal Monday said Prime Minister Shehbaz Sharif’s visit to China would take the bilateral trade relations to new heights as the both countries would sign multiple projects worth billions of dollars. The PM’s visit to China will help preparing a road map to take… Continue reading New Karachi-Hyderabad motorway, ML-1, KCR projects to be signed during PM’s visit to China: Ahsan Iqbal

PSX witnesses bullish trend, gains 124 points

ISLAMABAD, Oct 31 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 124.32 points, a positive change of 0.30 percent, closing at 41,264.66 against 41,140.34 points on the last working day. A total of 97,476,761 shares were traded during the day as compared to 177,761,063 shares the previous day, whereas… Continue reading PSX witnesses bullish trend, gains 124 points

PM to announce special package for rehabilitation of agriculture sector

APP18-050721 FAISALABAD: July 05 - Farmers using modern agriculture machine for sowing paddy crop (Paneri) in their field. APP photo by Tasawar Abbas

ISLAMABAD, Oct 31 (APP):Prime Minister, Shehbaz Sharif is all set to announce a special package for rehabilitation of agriculture sector and provision of employment to farmers in the flood-hit areas of the country. The package has been prepared with the recommendations of ministries of National Food Security and Research and Finance and Revenue on directions… Continue reading PM to announce special package for rehabilitation of agriculture sector

Pakistan’s economic outlook shows optimistic picture in coming months: Report

ISLAMABAD, Oct 30 (APP):The trade balance of Pakistan is expected to improve in the coming months on account of import contraction due to a deceleration in domestic economic activities and aggregate demand, the monthly Economic Update and Outlook October 2022 released by the ministry of finance said on Sunday. “Overall economic outlook shows an optimistic… Continue reading Pakistan’s economic outlook shows optimistic picture in coming months: Report

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