ISLAMABAD, Jan 07 (APP): Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday said that there is a lot of scope to increase exports in Information Technology (IT) from non-traditional sector at present. The current annual $ 2.5 billion IT exports are very low, “We now have an annual export… Continue reading Razak vows for increasing, IT export to $3.7 billion in FY 2021-22
Category: Business
Business news from Pakistan
WB country director congrats Ehsaas on successful completion of South Asia’s first digital survey
ISLAMABAD, Jan 07 (APP): The World Bank (WB) Country Director Najy Benhassine congratulated Ehsaas on the successful completion of South Asia’s first digital National Socio Economic Registry (NSER) survey. He was speaking at the launching ceremony of the NSER survey chaired by Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection, Senator… Continue reading WB country director congrats Ehsaas on successful completion of South Asia’s first digital survey
PSX turns around, gains 263 points to close at 45,345 points
ISLAMABAD, Jan 7 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Friday and witnessed bullish, gaining 263.35 points, with a positive change of 0.58 percent, closing at 45,345.65 points against 45,082.30 points on the last working day. A total of 242,263,117 shares were traded during the day compared to the… Continue reading PSX turns around, gains 263 points to close at 45,345 points
Tarin advises tax-avoiders to pay taxes before govt reaches them
ISLAMABAD, Jan 07 (APP): The Federal Minister for Finance and Revenue, Shaukat Tarin on Friday advised the unregistered potential taxpayers to initiate paying taxes before the government reaches them within a couple of months with documentary evidence of their assets. “I assure the nation that change is taking place, we are making use of technology… Continue reading Tarin advises tax-avoiders to pay taxes before govt reaches them
Price of tomatoes, flour, eggs, other food items go down
ISLAMABAD, Jan 7 (APP):The prices of various food items went down during the week ending on January 6 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday. According to the data, the food commodities that witnessed decrease in prices on Week-on-Week… Continue reading Price of tomatoes, flour, eggs, other food items go down
Pakistan exports to CARs increase by US $ 145 mln: Razak Dawood
ISLAMABAD, Jan 7 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday said Pakistan exports to Central Asian Republics (CARs) countries increased to USD $ 145 million in 2020-21 from USD $ 104 million in 2019-20. For six months, from July-December 2021, these exports were increased by 173 percent to… Continue reading Pakistan exports to CARs increase by US $ 145 mln: Razak Dawood
Foreign exchange rates
KARACHI, Jan 07 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. CONVERSION RATES FOR 07TH JANUARY 2022 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE JANUARY 11, 2022 USD 176.8759 GBP 238.8532 EUR 199.6398 JPY 1.5257
Onyx manufactures exports witness 45.26 % increase
ISLAMABAD, Jan 7 (APP):The Onyx manufactured exports during the first five months of fiscal year 2021-22 grew by 45.26 % as compared to the exports of the corresponding period of last year. During the period from July-Nov 2021, Onyx manufactured worth US$ 2,834 were exported as compared to the exports of US$ 1,951 of the… Continue reading Onyx manufactures exports witness 45.26 % increase
Asad reaffirms Govt’s commitment to reduce gender disparity
ISLAMABAD, Jan 6 (APP): Minister for Planning Development and Special Initiatives Asad Umer on Thursday reaffirmed the government’s commitment for reducing gender disparity and providing equal opportunities to girls and women for actualizing their potential so that they could contribute to economic prosperity. Chairing a meeting here on the National Gender Policy Framework, he appreciated… Continue reading Asad reaffirms Govt’s commitment to reduce gender disparity
Exports of services rise by 22.94% in 5 months
ISLAMABAD, Jan 6 (APP): The exports of services from the country witnessed an increase of 22.94 percent during the first five months of current financial year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of services during July-November (2021-22) were recorded at $2720.94 million against… Continue reading Exports of services rise by 22.94% in 5 months
Govt taking measures to attain sustainable inclusive growth: Tarin
ISLAMABAD, Jan 5 (APP):Federal Minister for Finance and Revenue Shaukat Tarin on Wednesday said that government was committed to introduce reform in various sectors, in the face of various challenges, to address the long outstanding structural issues and to attain sustainable and inclusive growth. Talking to a delegation of the Gulf Cooperation Council (GCC) headed… Continue reading Govt taking measures to attain sustainable inclusive growth: Tarin
Supernet wins Rs.150 mln’s project for supplying Optical Fiber
ISLAMABAD, Jan 5 (APP): Supernet Limited has secured a sizeable telecommunications infrastructure development project from a Pakistani mobile network operator worth Rs. 150 million for supplying optical fiber and associated equipment in different areas of Punjab. The total length of different segments constituting this project is approximately 140 kilometers, said a news release issued here… Continue reading Supernet wins Rs.150 mln’s project for supplying Optical Fiber
Tarin expresses satisfaction on decline in prices of sensitive commodities
ISLAMABAD, Jan 5 (APP):Minister for Finance and Revenue Shaukat Tarin on Wednesday expressed satisfaction on the decrease of the prices of sensitive commodities. He appreciated the provincial governments for taking administrative measures to reduce the gap between the wholesale and retail price. The minister presided over the meeting of the National Price Monitoring Committee (NPMC),… Continue reading Tarin expresses satisfaction on decline in prices of sensitive commodities
Amid global crisis, Pak economy shows resilience: Economic Experts
ISLAMABAD, Jan 5 (APP):Despite several challenges on the internal and external fronts, the Pakistan Tehreek-i-Insaf (PTI) government has successfully managed to bring sustainability to macroeconomics as is indicated by the unprecedented resilience of economy during the past couple of years. Economic experts believe that the economy of Pakistan is resilient despite the economic shocks caused… Continue reading Amid global crisis, Pak economy shows resilience: Economic Experts
PSX continues with bullish trend, gains 17 points to close at 45,407 points
ISLAMABAD, Jan 5 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 17.05 points, with a positive change of 0.04 percent, closing at 45,407.89 points against 45,390.84 points on the last working day. A total of 432,060,661 shares were traded during the day compared to the trade of… Continue reading PSX continues with bullish trend, gains 17 points to close at 45,407 points
ECC allows Urea import, approves tariff rationalization on imported vehicles
ISLAMABAD, Jan 5 (APP): The Economic Coordination Committee (ECC) here on Wednesday approved import of 50,000 metric tons of Urea from China on immediate basis subject to clearance from the Pakistan Standards and Quality Control Authority (PSQCA). The committee, the meeting of which was presided over by Federal Minister for Finance and Revenue, Shaukat Tarin,… Continue reading ECC allows Urea import, approves tariff rationalization on imported vehicles
Rupee gains against dollar
ISLAMABAD, Jan 5 (APP): The exchange rate of Pakistan rupee strengthened by 01 paisa against the US dollar in the interbank trading on Wednesday to close at Rs 176.73 as compared to the previous day’s closing of Rs 176.74. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in… Continue reading Rupee gains against dollar
Leather gloves exports witness record 11.81% increase
ISLAMABAD, Jan 5 (APP):Leather gloves’ exports during the first five months of fiscal year of 2021-22 grew by 11.81 % as compared to the exports of the commodity during the corresponding period of last year. During the period from July-Nov 2021, leather gloves worth US$119,516 exported, as compared to exports of $106,890 during the same… Continue reading Leather gloves exports witness record 11.81% increase
Fakhar Imam welcomes Iranian offer to waive off tariff on agri-products
ISLAMABAD, Jan 4 (APP):Minister for National Food Security Syed Fakhar Imam on Tuesday welcomed Iranian offer to waive off tariff on all agricultural exports to Iran and said that Pakistan has immense export potential in citrus fruits, rice, mangoes, onion, potatoes, fisheries and livestock. Talking to Ambassador of the Islamic Republic of Iran to Pakistan… Continue reading Fakhar Imam welcomes Iranian offer to waive off tariff on agri-products
Govt tables Finance (Supplementary) Bill in Senate
ISLAMABAD, Jan 04 (APP):The government tabled the Finance (Supplementary) Bill, 2021 aimed at bringing tax reforms in the country by removing distortions and withdrawing unjustified tax exemptions given to various sectors, in the Senate on Tuesday. Minister for Finance and Revenue Shaukat Tareen introduced the draft bill in the House. Senate Chairman Muhammad Sadiq Sanjrani… Continue reading Govt tables Finance (Supplementary) Bill in Senate
- President for strict action against criminals in Sindh
- Gas suspension schedule issued
- BFA foils attempt to supply unhealthy chicken to Quetta
- Pakistan represented at Abu Dhabi International Book Fair
- Activists of Home Based Women Workers Federation Pakistan holding rally to mark the International Labour Day.
