ISLAMABAD, Aug 13 (APP):UK-Pak Business Council is playing effective role in attracting foreign investment to Pakistan and establishing collaboration between investors for setting up joint ventures in various sectors of economy. Chairman UK-Pak Business Council Pakistan chapter Mian Kashif Ashfaq while talking to a delegation of importers and exporters led by Rehmat Ullah Javed said… Continue reading UK-Pak Business Council playing key role in attracting foreign investment to Pakistan
Category: Business
Business news from Pakistan
Foreign exchange rates
KARACHI, Aug 13 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.1574 13.08.2021 CONVERSION RATES FOR 13TH AUGUST 2021… Continue reading Foreign exchange rates
NBP Exchange Rates
KARACHI, Aug 13 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 164.45 163.95 EURO EUR 193.40 192.82 JAPANESE YEN JPY 1.4895 1.4849 BRITISH POUND GBP 227.18 226.49 SWISS FRANC CHF 178.16 177.62 CANADIAN DOLLAR CAD 131.38 130.98 AUSTRALIAN… Continue reading NBP Exchange Rates
CCP imposes historic Rs 44 bn penalty on PSMA, sugar mills for anti-competitive conduct
ISLAMABAD, Aug 13 (APP):The Competition Commission of Pakistan (CCP) has passed an order against Pakistan Sugar Mills Association (PSMA) and 81 member mills, imposing Rs 44 billion penalties on them for violations of Section 4 of the Competition Act, 2010. The Commission initiated an enquiry in order to analyse “possible anti-competitive activities in the sugar… Continue reading CCP imposes historic Rs 44 bn penalty on PSMA, sugar mills for anti-competitive conduct
SECP becomes first govt agency to offer WhatsApp Support Service
ISLAMABAD, Aug 12 (APP): The Securities and Exchange Commission of Pakistan (SECP), to promptly response public queries regarding incorporation of companies, has introduced its WhatsApp Channel for Business Care. The WhatsApp help line number is first of its kind service in Pakistan’s Public sector, said a press release issued here. The WhatsApp service can be… Continue reading SECP becomes first govt agency to offer WhatsApp Support Service
Pakistan offer huge opportunities for investment in tourism
ISLAMABAD, Aug 12 (APP): The Board of Investment (BOI) on Thursday said that Pakistan has huge potential for investment in the tourism sector and the government has offered huge opportunities in the sector. Pakistan had a liberal investment regime and there were numerous opportunities for investment in Pakistan, Secretary BOI said. Fareena Mazhar said this… Continue reading Pakistan offer huge opportunities for investment in tourism
Pakistan to receive $2.77 bln from IMF on Aug 23
ISLAMABAD, Aug 12 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin said Thursday that Pakistan would get $2.77 billion on August 23 from International Monetary Fund’s (IMF) general allocations of $ 650 billion that had been approved to boost global liquidity amid the coronavirus pandemic across the globe. Addressing a press conference here, the Finance… Continue reading Pakistan to receive $2.77 bln from IMF on Aug 23
Technological advancements vital for agriculture growth: Imam
ISLAMABAD, Aug 12 (APP): Federal Minister for National Food Security and Research Syed Fakhar Imam on Thursday said that science and technology was the key to upgrading agriculture and transforming it from low value crops to high value crops to boost economy. He was addressing ‘National Workshop on Irrigation Water Management’ organised by Asian Disaster… Continue reading Technological advancements vital for agriculture growth: Imam
Govt supporting e-commerce to spur economic growth: Tarin
ISLAMABAD, Aug 12 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Thursday that the government was supportive of promoting E-Commerce industry as a catalyst to economic growth and source of future foreign direct investments. Chairing a meeting with the representatives of Daraz, one of the prominent digital market- places in Pakistan, the finance… Continue reading Govt supporting e-commerce to spur economic growth: Tarin
Pakistani banker appointed to top position in a global bank
ISLAMABAD, Aug 12 (APP): Farhan Faruqui, an eminent international banker, has been appointed as Group Chief Financial Officer of The Australia and New Zealand Banking Group (‘ANZ’). Founded in 1835, the bank is one of the largest banks in the world measured by total assets of more than AUD one trillion, and 50,000 employees.… Continue reading Pakistani banker appointed to top position in a global bank
CCoCPEC approves summary for acceleration of power supply to Gwadar
ISLAMABAD, Aug 12 (APP):The Cabinet Committee on CPEC (CCoCPEC) approved on Thursday a summary moved by the Power Divsision containing proposals for the acceleration of the power supply to Gwadar. The CCoCPEC allowed National Transmission and Dispatch Company (NTDC) to change its executing agency to expedite the work and ensure that the project is completed… Continue reading CCoCPEC approves summary for acceleration of power supply to Gwadar
Cars’ sale surge 104% in July
The sale of cars during the month of July 2021 surged by 104.17% as compared to same month of last year, a latest data released by Pakistan Automobile Manufacturing Association (PAMA) said. According to the data, as many as 20,669 cars were sold in the period under review as compared to the sale of 10,123… Continue reading Cars’ sale surge 104% in July
Currency rates of NBP
KARACHI, Aug 12 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYING USD 165.99 162.21 GBP 230.28 225.00 EUR 194.92 190.37 JPY 1.5040 1.4696 SAR 44.31 43.20 AED 45.20 44.45
NBP Exchange Rates
KARACHI, Aug 12 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 164.35 163.85 EURO EUR 193.32 192.73 JAPANESE YEN JPY 1.4891 1.4845 BRITISH POUND GBP 228.00 227.31 SWISS FRANC CHF 178.34 177.79 CANADIAN DOLLAR CAD 131.46 131.06… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Aug 12 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Thursday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 12-08-21 For 3 months and over… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Aug 12 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.1563 12.08.2021 CONVERSION RATES FOR 12TH AUGUST… Continue reading Foreign exchange rates
GB development top priority of govt: Finance Minister
ISLAMABAD, Aug 11 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said that the development of Gilgit-Baltistan was the top priority of the government. He said this while chairing a meeting of the Executive Committee of the National Economic Council (ECNEC) here Wednesday. During the meeting, Minister for Planning, Development and Special Initiatives Asad… Continue reading GB development top priority of govt: Finance Minister
WB grants $129.99 million for uplift of primary education in Sindh
ISLAMABAD, Aug 11 (APP): The World Bank on Wednesday granted worth US$ 129.99 million for the uplift of primary education system under the “Sindh Early Learning Enhancement through Classroom Transformation Project” in the province. Minister for Economic Affairs,Omar Ayub Khan, witnessed the signing ceremony of financing agreement of “Sindh Early Learning Enhancement through Classroom Transformation… Continue reading WB grants $129.99 million for uplift of primary education in Sindh
ECC approves NRLP structure, financial impact to incentivize remitters
ISLAMABAD, Aug 11 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved the structure and estimated financial impact of the National Remittance Loyalty Program (NRLP), a mobile application for which is scheduled to be launched in October 2021. The NRLP programme is being introduced with a view to incentivize remitters to transfer… Continue reading ECC approves NRLP structure, financial impact to incentivize remitters
PSX continues with bullish trend, gains 241 points to close at 47,377 points
ISLAMABAD, Aug 11 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 241.90 points, with a positive change of 0.51 per cent, closing at 47,377.38 points against 47,135.48 points on the last working day. A total of 382,644,494 shares were traded during the day compared to the… Continue reading PSX continues with bullish trend, gains 241 points to close at 47,377 points
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- Ahsan Iqbal stresses need for establishing digital corridor
- Launching ceremony of poetry collection of Yasmeen Yas “Maray Bekhabar’ organized by Members Liaison Committee Arts Council of Pakistan Karach
- Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar meets with Foreign Minister of the Republic of Yemen, Dr. Shaya Mohsen Al-Zindani on the sidelines of the 15th Islamic Summit, in Banjul
- Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar and Gambian Minister of Foreign Affairs, International Cooperation and Gambians Abroad, Dr. Mamadou Tangara signing MoU on Bilateral Political Consultations on the sidelines of the 15th Islamic Summit, in Banjul
