ISLAMABAD, Sep 18 (APP):Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar on Saturday said that proposed Small and Medium Enterprises (SME) policy would expand the cross-sectoral small and medium enterprises growth to enhance employment. In continuation of consultative session with Small and Medium Enterprises (SME) multi-stakeholders, the minister held another meeting with SMEs across… Continue reading Proposed policy to expand cross-sectoral SMEs growth: Minister
Category: Business
Business news from Pakistan
China reiterates readiness to work with Pakistan to make CPEC a great success
ISLAMABAD, Sep 17 (APP):China reiterated on Friday its readiness to work with the Pakistan government for a mutual goal of making the China Pakistan Economic Corridor (CPEC) a great success. “China is ready to work with Pakistani side to create a sound environment for the CPEC and bilateral practical cooperation to achieve mutual benefit and… Continue reading China reiterates readiness to work with Pakistan to make CPEC a great success
Govt to facilitate investors for revival of SOEs
ISLAMABAD, Sep 17 (APP): Federal Minister for Privatization Mohammed Mian Soomro on Friday reiterated the government’ s resolve to facilitate foreign as well as local investors in line with vision of Prime Minister to revive state owned enterprises and turn them into profit oriented enterprises. “We welcome the foreign investment in Pakistan and as per… Continue reading Govt to facilitate investors for revival of SOEs
CCoE approves winter incentive package on incremental consumption
ISLAMABAD, Sep 17 (APP): The Cabinet Committee on Energy (CCoE) Friday approved the summary submitted by Power Division on the winter incentive package on incremental consumption for all domestic, commercial and general services consumers of XW- DISCOs and K- Electrics from November 01, 2021 till February 28, 2022. The meeting of the Cabinet Committee on… Continue reading CCoE approves winter incentive package on incremental consumption
Bid documents of Sukkur-Hyderabad motorway approved
ISLAMABAD, Sep 17 (APP):The board of Public Private Partnership Authority (P3A) Friday approved the bid documents of the landmark Sukkur-Hyderabad Motorway Project proposed to be constructed on Public Private Partnership (PPP) basis at approved construction cost of approximately Rs 191 billion (US$ 1.23 Billion). Minister for Planning, Development and Special Initiatives (MoPD&SI) Asad Umar presided… Continue reading Bid documents of Sukkur-Hyderabad motorway approved
Major work on CPEC projects done by PTI govt: Asad Umar
ISLAMABAD, Sep 17 (APP):Minister for Planning, Development, and Special Initiatives Asad Umar Friday dispelled the impression of slowing down pace of the China Pakistan Economic Corridor (CPEC) projects saying that major work of the CPEC projects was completed during the Pakistan Tehreek-i-Insaaf (PTI) government. He said in first phase of CPEC, two major sectors- power… Continue reading Major work on CPEC projects done by PTI govt: Asad Umar
Italian investors keen to invest in Pakistan: Ambassador Jauhar
ISLAMABAD, Sep 17 (APP): Ambassador of Pakistan to Italy, Jauhar Saleem on Friday said that Italian investors and various companies were ready to invest in different sectors of country’s economy, which would further strengthen economic ties between the two countries. Italian companies new to Pakistani market are now investing in different sectors such as food,… Continue reading Italian investors keen to invest in Pakistan: Ambassador Jauhar
Kamyab Pakistan programme design finalized
ISLAMABAD, Sep 17 (APP): The Steering Committee and Advisory Board of Kamyab Pakistan Program (KPP) on Friday jointly reviewed the programme design and finalized contours of KPP in consultation with all relevant stakeholders. Federal Minister for Finance and Revenue, Shaukat Tarin Friday presided over the joint meeting of Steering Committee and Advisory Board of Kamyab… Continue reading Kamyab Pakistan programme design finalized
Textile exports surge 28.67% to $2.9bn in 2 months; 45.19% in August
ISLAMABAD, Sep 17 (APP):The exports of textile commodities surged by of 28.67 percent during the first two months of the current fiscal year as compared to the corresponding period of last year and surged by 45.19 percent on year-on-year basis (YoY). The textile exports were recorded at $2933.938 million in July-August (2021-22) against the exports… Continue reading Textile exports surge 28.67% to $2.9bn in 2 months; 45.19% in August
EXCHANGE RATES FOR CURRENCY NOTES
USD 170.29 166.42GBP 234.94 229.57EUR 200.42 196.19JPY 1.5502 1.5150SAR 45.45 44.31AED 46.37 45.60 LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDSLIBOR 1M 0.08413LIBOR 3M 0.12000LIBOR 6M 0.14838 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/15 DAYS 1M 2M 3M 4M 5M 6M USD 167.99 167.91 167.69 167.37 167.09 166.30 165.92 EUR 197.77 197.72 197.60 197.32 197.19… Continue reading EXCHANGE RATES FOR CURRENCY NOTES
NBP Exchange Rates
KARACHI, Sep 17 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 168.60 168.10EURO EUR 198.77 198.18 JAPANESE YEN JPY 1.5348 1.5303BRITISH POUND GBP 232.62 231.93SWISS FRANC CHF 181.91 181.37 CANADIAN DOLLAR CAD 132.98 132.58AUSTRALIAN DOLAR AUD 122.99 122.63SWEDISH… Continue reading NBP Exchange Rates
Govt charging 16.4% taxes on petrol against 52% in previous govt: Asad Umar
Minister for Planning, Development and Special Initiatives Asad Umar has said the government was charging only 16.4% taxes on petrol which was around 33% less than the time of Pakistan Muslim League (N) government when the tax rate was as high as 52%. “The current Petroleum Development Levy (PDL) is Rs 5.62 and sales tax… Continue reading Govt charging 16.4% taxes on petrol against 52% in previous govt: Asad Umar
Govt committed to provide maximum relief to masses: Tarin
ISLAMABAD, Sep 17 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin on Friday said, the government is committed to provide maximum relief to the masses. Reviewing the price trend of basic commodities, the Finance Minister stated that the Government is taking a slew of administrative, policy and relief measures to absorb the upward pressure on… Continue reading Govt committed to provide maximum relief to masses: Tarin
Pakistan’s economy shifting from consolidation to growth phase: Tarin
ISLAMABAD, Sep 16 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin on Thursday underlined that due to prudent fiscal policies and strict financial discipline, Pakistan’s economy was shifting from consolidation to growth phase. He said the government’s objective was to steer economy towards an inclusive and sustainable economic growth with key focus on bottom-up approach… Continue reading Pakistan’s economy shifting from consolidation to growth phase: Tarin
Senate body for completing CPEC projects on priority
ISLAMABAD, Sep 16 (APP):The Senate Standing Committee on Planning, Development, and Special Initiatives Thursday directed the China Pakistan Economic Corridor (CPEC) Authority to complete the under implementation projects on fast track basis by regaining confidence of the Chinese companies. “According to my personal sources, the Chinese are not happy with the current progress of CPEC… Continue reading Senate body for completing CPEC projects on priority
Tourism agreement between Sino- Pak cities to promote tourism: Fareena
ISLAMABAD, Sep 16 (APP):Federal Secretary Board of Investment (BOI), Ms. Fareena Mazhar on Thursday said that the signing of an Memorandum of Understanding (MoU) between the cities of China and Pakistan will help to promote tourism in Shanghai Cooperation Organization (SCO) countries. Secretary Board of Investment (BOI), Ms. Fareena Mazhar expressed that the signing of… Continue reading Tourism agreement between Sino- Pak cities to promote tourism: Fareena
Pakistan committed in averting emerging food crisis in Afghanistan: Imam
ISLAMABAD, Sep 16 (APP):Minister for National Food Security and Research Syed Fakhar Imam here on Thursday reaffirmed the commitment of the Government of Pakistan to play its role in supporting World Food Program to uplift the people of Afghanistan from humanitarian crisis. Talking to WFP Pakistan Country Director, Chris Kaye, who called on him, Imam… Continue reading Pakistan committed in averting emerging food crisis in Afghanistan: Imam
German investors express interest to bring investment in various sectors
ISLAMABAD, Sep 15 (APP): The German investors have expressed interest to bring investment in various sectors and also observe new avenues to enhance the business and investment ties between Pakistan and Germany. They expressed interest in dairy industry, communication, automobile and service sector as potential sectors in regards to investment in Pakistan, said a press… Continue reading German investors express interest to bring investment in various sectors
Industrial output grows by 2.25% in July
The Large Scale Manufacturing Industries’ (LSMI) production grew up by 2.25 percent during the first month of current fiscal year (July) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. The LSMI Quantum Index Number (QIM) was recorded at 138.01 points during July 2021 against 134.97 points during July… Continue reading Industrial output grows by 2.25% in July
Provincial governments asked to announce wheat release policy at earliest
ISLAMABAD, Sep 15 (APP): Ministry of National Food Security and Research has asked the provincial governments to announce their wheat release policy at earliest in order to bringing down and maintain prices of wheat and flour in local markets by ensuring smooth supply of grains to millers for supplying of flour at affordable prices. The… Continue reading Provincial governments asked to announce wheat release policy at earliest
