ISLAMABAD, May 25 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said that Australian authorities have approved two mango treatment facilities for Pakistan. “I am glad to share that two mango treatment facilities in Pakistan, Mustafa Farm and IAC, have been approved by Australian authorities for export of Mangoes… Continue reading Australia approves two mango treatment facilities for Pakistan
Category: Business
Business news from Pakistan
China to bring more investment under CPEC: Asim Bajwa
LAHORE, May 25 (APP):Chairman CPEC Authority Lt. Gen. Asim Saleem Bajwa here on Tuesday said that China would bring more investment in the Special Economic Zones (SEZs) under China Pakistan Economic Corridor (CPEC). He said investment of around US $13 billion had already been made in various sectors under the mega project while an additional… Continue reading China to bring more investment under CPEC: Asim Bajwa
PSX gains 203 points to close at 46300 points
ISLAMABAD, May 25 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Tuesday continued with bullish trend, gaining 203.55 points, with positive change of 0.44 per cent, closing at 46,300.66 points against 46,097.11 points on the last working day. A total of 677,381,398 shares were traded during the day compared to the trade of… Continue reading PSX gains 203 points to close at 46300 points
Circular debt declines by Rs 189 bn in 10 months: Asad Umar
ISLAMABAD, May 25 (APP): Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the circular debt build up in energy sector had declined by Rs 189 billion during first 10 months (July-April) of current fiscal year as compared to same period of last year. “Circular debt build up in Jul-Apr this fiscal… Continue reading Circular debt declines by Rs 189 bn in 10 months: Asad Umar
Only Rs20 mln allocated for SWP under PSDP, clarifies FBR
ISLAMABAD, May 25 (APP): Federal Board of Revenue (FBR) Tuesday clarified that an amount of Rs20 million was allocated under Public Sector Development Programme (PSDP) for Single Window Programme (SWP) and not Rs200 million as reported in a section of press. The news item published in a section of press had claimed that Revenue Division… Continue reading Only Rs20 mln allocated for SWP under PSDP, clarifies FBR
Business community to fully support govt on crack down against tax evaders: UBG
ISLAMABAD, May 25 (APP): The United Business Group (UBG) in the federation of Pakistan Chamber of Commerce and Industry (FPCCI) Tuesday announced to fully support the government for launching vigorous crackdowns against the tax evaders in the country to provide solace to existing tax payers. In a press statement issued here, Group Patron-in-chief SM Muneer,Chairman… Continue reading Business community to fully support govt on crack down against tax evaders: UBG
Fruits exports increased record 1.15% in 10 months
ISLAMABAD, May 25 (APP): Fruits exports during first ten months of FY 2020-21 grew by 1.15 per cent as compared to the exports of the corresponding period of last year. During the period from July-April 20-21, Fruits worth US $ 393,216 thousand exported as compared to worth US $ 388,733 thousand of same period of… Continue reading Fruits exports increased record 1.15% in 10 months
Petroleum sector projects get Rs1,339.589 million in 11 months
ISLAMABAD, May 25 (APP): The government has so far provided funds amounting to Rs1,339.589 million during the current fiscal year to execute petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21). According to the official data as of May 21 that showed a slight readjustment in funds’ allocation and releases, an amount of… Continue reading Petroleum sector projects get Rs1,339.589 million in 11 months
Rice worth $1.794 billion exported in 10 months of FY2020-21
ISLAMABAD, May 25 (APP): Over 3.198 million metric tons of rice valuing $1.794 billion exported during 10 months of current financial year as compared the exports of 3.526 million metric tons worth $1.817 billion of the corresponding period of last year. During the period from July-April, 2020-21, exports of rice witnessed about 3.69 percent decline… Continue reading Rice worth $1.794 billion exported in 10 months of FY2020-21
FBR unearths amount of Rs. 4.27 billion tax evasion
ISLAMABAD, May 24 (APP): Directorate General Intelligence and Investigation (IR), Lahore on Monday unearthed the amount of Rs. 4.27 billion tax evasion in Lahore. The Directorate of Intelligence and Investigation (IR), Lahore on receipt of credible information related to sales tax fraud carried out the action under Section 38 read with Section 40 of the… Continue reading FBR unearths amount of Rs. 4.27 billion tax evasion
Govt firmly believes in Pro-people Budget: Finance Minister
ISLAMABAD, May 24 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin on Monday said the incumbent government firmly believe in a Pro-people Budget by following a consultative process with all stakeholders on board. The underlying rationale is to achieve an all-inclusive sustainable economic growth by seeking valuable input from investors, traders and business community,… Continue reading Govt firmly believes in Pro-people Budget: Finance Minister
LCCI urges SBP to lower banking spread
LAHORE, May 24 (APP): Lahore Chamber of Commerce and Industry (LCCI) has urged the State Bank of Pakistan to lower banking spread in the State Bank Financing Scheme for renewable energy and other sectors. The LCCI spokesman told media here Monday that in a letter to the Governor State Bank of Pakistan Dr. Reza Baqir,… Continue reading LCCI urges SBP to lower banking spread
Asad Umar inaugurates development schemes in Sindh
ISLAMABAD, May 24 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Monday inaugurate various development projects in different districts of Sindh. “While announcing Sindh package last month, Prime Minister Imran Khan had pledged to start work on the package within a month,” he said in his tweet adding “Today the promise is being fulfilled.… Continue reading Asad Umar inaugurates development schemes in Sindh
PSX gains 182 points to close at 46097 points
ISLAMABAD, May 24 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Monday witnessed bullish trend, gaining 182.13 points, with positive change of 0.40 per cent, closing at 46,097.11 points against 45,914.98 points on the last working day. A total of 766,643,209 shares were traded during the day compared to the trade of 710,428,272… Continue reading PSX gains 182 points to close at 46097 points
Local wheat stocks beefed up to 5.750 million metric tons
ISLAMABAD, May 24 (APP):After harvesting historic high wheat crop, the strategic grains reserves of the country further beefed up and crossed 5.750 million tons mark, besides the procurement drive for current season also entered into its final stage across the crop producing areas in the country. The increase in strategic reserves was mainly attributed with… Continue reading Local wheat stocks beefed up to 5.750 million metric tons
Govt releases Rs707.783mln funds for aviation sector projects in 11 months
ISLAMABAD, May 24 (APP): The government has released so far funds amounting to Rs 707.783 million, during the current fiscal year, to execute around 15 aviation sector projects under the Public Sector Development Programme (PSDP 2020-21). According to the official data as of May 21, an amount of Rs707.783 million has been released against the… Continue reading Govt releases Rs707.783mln funds for aviation sector projects in 11 months
Exports increase 16.57% to Rs3.359 trillion in 10 months; 116% in April
ISLAMABAD, May 24 (APP): The exports from Pakistan in rupee term increased by 16.57 percent during the first ten months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the country during July-April (2020-21) were recorded at Rs3,359,862 million as against Rs2,882,285… Continue reading Exports increase 16.57% to Rs3.359 trillion in 10 months; 116% in April
Rs1 bln disbursed among female entrepreneurs under Kamyab Jawan Programme
ISLAMABAD, May 23 (APP): The government has so far disbursed around one billion rupee among the female entrepreneurs, qualified under the Youth Entrepreneurship Scheme (YES) of Kamyab Jawan Programme (KJP). Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar confirmed that the amount, out of the total disbursement amounting Rs8 billion… Continue reading Rs1 bln disbursed among female entrepreneurs under Kamyab Jawan Programme
New road network under CPEC to improve access to Iran: Asim Bajwa
ISLAMABAD, May 23 (APP): Chairman China Pakistan Economic Corridor (CPEC) Authority Lt, Gen. Asim Saleem Bajwa on Sunday said that work on the 103 kilometer Nokundi-Mashkhel road had started that would improve access to Iran. In his tweet, Asim Bajwa informed that detailed design of Mashkhel-Panjgur Road (200 km) was also in process. He said… Continue reading New road network under CPEC to improve access to Iran: Asim Bajwa
Mobile phone imports increase 63.98pc to $1684m
ISLAMABAD, May 23 (APP): The import of mobile phones into the country has witnessed an increase of 63.98 percent during the first ten months of current financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported mobile phones worth US $1684.988 million during July-April (2020-21) as compared to the imports of… Continue reading Mobile phone imports increase 63.98pc to $1684m
- IMF approves $1.1 bln final tranche for Pakistan under SBA
- PM, Saudi Crown Prince agree to strengthen broad-based cooperation
- Aramco acquires 40% shares in Go Petroleum
- A view of the Kabaddi match played between FESCO Kabaddi team and MEPCO Kabaddi team during 49 WAPDA Inter Unit Kabaddi Circle Tournament 2024 at FESCO Sports Ground.
- Dutch Embassy celebrates King Willem-Alexander’s birthday
