ISLAMABAD, Jan 13 (APP): The Integrated Strategy, devised by the Federal Board of Revenue, has amply contributed to significant increase in exports from Pakistan, reaching to US $2.4 billion in December 2020 as compare to US $ 1.6 billion in August 2020, showing about 50 percent growth. As compared to the exports of US $1.993… Continue reading FBR’s export facilitation strategy leads to significant trade growth upto 50%
Category: Business
Business news from Pakistan
Chinese companies asked to invest in Pakistan with technology transfer
ISLAMABAD, Jan 12 (APP): Sardar Yasir Ilyas Khan, President leading a delegation of Islamabad Chamber of Commerce and Industry (ICCI) visited the Embassy of China in Islamabad. He held a meeting with Xie Guoxiang, Minister Counsellor (Economic and Commercial) to discuss possibilities of further improving bilateral trade and investment relations between Pakistan and China. Sardar… Continue reading Chinese companies asked to invest in Pakistan with technology transfer
PSX gains 316 points to close at 45,922 points
ISLAMABAD, Jan 12 (APP): The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 316.62 points, with positive change of 0.69 percent, closing at 45,922.042 points against 45,605.42 points on the last working day. A total 825,893,776 shares were traded during the day compared to the trade of 588,039,825 shares… Continue reading PSX gains 316 points to close at 45,922 points
COVID- 19 affects insurance sector indiscriminately:SECP
ISLAMABAD, Jan 12 (APP): The Security and Exchange Commission of Pakistan (SECP) has said that the lockdown situation and economic disruptions during the COVID-19 affected the insurance sector indiscriminately. According to the annual report issued by SECP, the SECP taking cognizance of its responsibility, has facilitated the insurance industry to prepare for corona virus impact… Continue reading COVID- 19 affects insurance sector indiscriminately:SECP
Leather gloves exports increased record 10.60%
ISLAMABAD, Jan 11 (APP): Leather gloves exports during first five months of FY 2020-21 grew by 10.60 per cent as compared to the exports of the corresponding period of last year. During the period from July-Nov 20, Leather gloves worth US $ 106,887 thousand exported as compared to worth US $ 96,646 thousand of same… Continue reading Leather gloves exports increased record 10.60%
FBR urges traders, taxpayers to use of electronic payment facility
ISLAMABAD, Jan 11 (APP): The Federal Board of Revenue (FBR) on Monday urged the taxpayer and traders to use E-Payment facility for convenient and hassle free payment of all FBR taxes and some provincial taxes. The board in continuation reforms and modernization drive, had introduced the E-Payment facility to facilitate taxpayers, according to an FBR… Continue reading FBR urges traders, taxpayers to use of electronic payment facility
09 olive extraction plants installed under PSDP
ISLAMABAD, Jan 10 (APP): More than nine advanced oil extraction plants have been installed to harness the increasing olive oil production on commercial scale for farmers. The oil extraction units were installed under Public Sector Development Program (PSDP) to promote olive cultivation to reduce reliance on imported edible oil for catering domestic requirements, said Dr… Continue reading 09 olive extraction plants installed under PSDP
Italy to deploy new economic missions in Pakistan
ISLAMABAD, Jan 10 (APP): The Ambassador of Italy to Pakistan Andreas Ferrarese on Sunday said the new economic mission would be deployed in Pakistan to further promote bilateral trade and economic cooperation in different potential areas. Initially the new economic mission would be established in major cities of Pakistan including Karachi and Islamabad and later… Continue reading Italy to deploy new economic missions in Pakistan
FPCCI offers plan to modernize country’s industrial sector: Qurban Ali
ISLAMABAD, Jan 10 (APP): Chairman of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Capital Office, Qurban Ali Sunday said that FPCCI would arrange to offer a comprehensive development plan for modernizing the industrial sector in the country. The transfer of technology from developed economies, promotion of e-commerce, value addition in the agriculture sector… Continue reading FPCCI offers plan to modernize country’s industrial sector: Qurban Ali
Pak exports to UK crosses US $ 1 billion in first 6 months of FY2020-21: Razak
ISLAMABAD, Jan 09 (APP): Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Saturday informed the first time, Pakistan’s exports to the United Kingdom (UK) have crossed the US dollars one billion in the first six months of fiscal year 202-121, the ever met target in the said duration. From July 1… Continue reading Pak exports to UK crosses US $ 1 billion in first 6 months of FY2020-21: Razak
Saudi Arabia wants to further strengthen trade ties with Pakistan
ISLAMABAD, Jan 08 (APP): Ambassador of Saudi Arabia Nawaf Saeed Al-Malkiy Friday said that Saudi Arabia wanted to further deepen and strengthen its trade ties with Pakistan as both the countries have great scope to promote trade in many areas. While addressing the business community during his visit to Islamabad Chamber of Commerce and Industry… Continue reading Saudi Arabia wants to further strengthen trade ties with Pakistan
Worker’s remittances surge 16.2% in December
ISLAMABAD, Jan 8 (APP):The workers’ remittances sent by the overseas Pakistanis surged by 16.2 percent to 2.44 billion in December 2020 against same month of last year when the remittances inflow was recorded at $2.1 billion. “Remittances from overseas Pakistanis rose further to $2.4 bln in December compared to December 2019 and 4.2 percent over… Continue reading Worker’s remittances surge 16.2% in December
Exports increase 5% in H1, 18.31% in December
ISLAMABAD, Jan 08 (APP): The exports from the country increased by 4.98 percent during the first half (H1) of the current fiscal year (2020-21) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the country during July-December (2020-21) were recorded at $12.098 billion against the exports… Continue reading Exports increase 5% in H1, 18.31% in December
NBP currency rates
KARACHI, Jan 08 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYING USD 162.11 158.80 GBP 219.80 214.77 EUR 198.76 194.21 JPY 1.5609 1.5251 SAR 43.27 42.19 AED 44.14 43.12
NBP Exchange Rates
KARACHI, Jan 08 (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 160.50 160.00 EURO EUR 196.79 196.18 JAPANESE YEN JPY 1.5455 1.5406 BRITISH POUND GBP 217.63 216.95 SWISS FRANC CHF 181.23 180.66 CANADIAN DOLLAR CAD 126.57 126.17… Continue reading NBP Exchange Rates
Foreign exchange rates
KARACHI, Jan 08 (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 0.2524 08.01.2021 CONVERSION RATES FOR 08TH JANUARY… Continue reading Foreign exchange rates
Industrial estate in Bahawalpur to be started soon: Hashim Jawan
LAHORE, Jan 07 (APP): Punjab Minister for Finance Makhdoom Hashim Jawan Bakht on Thursday said that industrial estate in Bahawalpur would be started soon. He expressed these views during a meeting with a delegation of Bahawalpur Chamber of Commerce and industries (BCCI) led by Member Punjab Assembly Afzal Chaudhry. The Additional Chief Secretary South Punjab… Continue reading Industrial estate in Bahawalpur to be started soon: Hashim Jawan
Italy keen for new era of technology, textile trade ties with Pakistan
ISLAMABAD, Jan 7 (APP): The Italian Ambassador to Pakistan Andreas Ferrarese said Thursday that Italy wanted to start a new era economic and trade cooperation with Pakistan through transfer of technology and for upgradation of Pakistan’s textile industry. Green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and… Continue reading Italy keen for new era of technology, textile trade ties with Pakistan
Foreign Currency Account Scheme
KARACHI, Jan 07 (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 07-01 21 For 3 months and… Continue reading Foreign Currency Account Scheme
ECC approves 2% additional cut in customs duties on 152 tariff lines
ISLAMABAD, Jan 06 (APP): The Economic Coordination Committee (ECC) of the cabinet Wednesday approved removal of additional 2 percent customs duties on 152 tariff lines, mostly raw material, on horizontal basis under National Tariff Policy 2019-24. The bill was presented by the Ministry of Commerce before the ECC, meeting of which was chaired by Federal… Continue reading ECC approves 2% additional cut in customs duties on 152 tariff lines
- Pak HC in Australia attends funeral prayer of Faraz Tahir
- Man, son killed as bus hits motorbike on Indus Highway
- Bahawalpur’s parliamentarian for resolving wheat crisis
- Two drivers held, LPG-cylinder installed vehicles impounded
- World Veterinary Day: Veterinarians role in promotion of cattle farming lauded
