ISLAMABAD, Sep 23 (APP): Minister for Planning, Development and Special Initiatives Asad Umar chaired meeting here on Wednesday to discuss the development progress of under developed areas of Balochistan. Secretary, Planning, Development and Special Initiatives Mathar Niaz Rana briefed the forum about the background and vision of the government regarding accelerated development of the less… Continue reading Meeting reviews development progress in Balochistan
Category: Business
Business news from Pakistan
ECC approves Rs3.850 bln for salaries to PSM employees, directs for ascertaining exact liabilities
The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved an amount of Rs3850 million for provision of salaries to the employees of Pakistan State Mills (PSM) for the financial year 2020-21, which would be disbursed every month. However, though the ECC agreed in principle that the dues to the retired non-litigant employees should be… Continue reading ECC approves Rs3.850 bln for salaries to PSM employees, directs for ascertaining exact liabilities
Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body told
ISLAMABAD, Sep 21 (APP): The Senate Standing Committee on Planning, Development and Special Initiatives was informed on Monday that Pakistan received US$3.7 billion worth of grants and loans from various countries to support the country’s corona relief efforts. The senate standing committee meeting was held here under the chairmanship of Senator Agha Shahzaib Durrani. The… Continue reading Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body told
AGP recovers Rs5.655 bln in first two months of current fiscal year
ISLAMABAD, Sep 22 (APP): The Office of Auditor General of Pakistan (AGP) has made recoveries of Rs 5.655 billion from various federal and provincial departments during the first two months of the current fiscal year (2020-21). According to the latest data of AGP Office, the recoveries from federal government departments stood at Rs 5.411 billion… Continue reading AGP recovers Rs5.655 bln in first two months of current fiscal year
SECP approves disclosure framework under global principles
ISLAMABAD, Sep 22 (APP): Securities and Exchange Commission of Pakistan (SECP) Tuesday approved disclosure framework to provide participants and general public with sufficient information for better understanding of Financial Market Infrastructures (FMIs), regulatory, supervisory, and oversight policies of SECP. The disclosure framework has been prepared in accordance with the Principles for Financial Market Infrastructure (PFMIs)… Continue reading SECP approves disclosure framework under global principles
Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body informed
ISLAMABAD, Sep 21 (APP): The Senate Standing Committee on Plannning, Development and Special Initiatives was informed on Monday that Pakistan received US$3.7 billion worth of grants and loans from various countries to support the country’s corona relief efforts. The senate standing committee meeting was held here under the chairmanship of Senator Agha Shahzaib Durrani. The… Continue reading Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body informed
SBP keeps interest rate unchanged at 7%
KARACHI, Sep 21 (APP): State Bank of Pakistan on Monday decided to keep its policy (interest) rate unchanged at 7 percent till next meeting of its Monetary Policy Committee scheduled after two months. SBP’s MPC in its meeting noted that compared to the time of its last meeting in June 2020, business confidence and the… Continue reading SBP keeps interest rate unchanged at 7%
ADB approves $1 mln grant to build energy efficient centralized air-conditioning systems
ISLAMABAD, Sep 21 (APP): The Asian Development Bank (ADB) has approved 1 million US dollar support to build disease resistant centralized air-conditioning (CAC) systems in developing member countries (DMCs). This will help to improve energy efficiency and mitigate the risks of the coronavirus disease (COVID-19) pandemic and other airborne viruses in public buildings. Studies suggest… Continue reading ADB approves $1 mln grant to build energy efficient centralized air-conditioning systems
SBP keeps policy rate unchanged at 7pc
ISLAMABAD, Sept 21: The State Bank of Pakistan (SBP) Monday decided to keep the policy rate unchanged at 7 percent. In a tweet, SBP said, the Monetary Policy Committee of the bank met Monday under the chairmanship of Governor SBP, Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent. “The… Continue reading SBP keeps policy rate unchanged at 7pc
Leather Manufactures exports increase record 8.39%
ISLAMABAD, Sep 21 (APP): Leather Manufactures exports during First two months of current fiscal year grew by 8.39 per cent as compared to the exports of the corresponding period of last year. During the period from July-August, Leather Manufactures worth US $ 98,232 thousand were exported as compared to the exports of US $ 90,627… Continue reading Leather Manufactures exports increase record 8.39%
Mobile phone imports increase 87.37 % during July-August 2020
ISLAMABAD, Sep 21 (APP): The import of mobile phones into the country has witnessed an increase of 87.37 percent during the first two months of ongoing financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported mobile phones worth US $306.383 million during July-August (2020-21) as compared to the imports of… Continue reading Mobile phone imports increase 87.37 % during July-August 2020
A ‘common expo centre’ to be established for 4 cities in Punjab
ISLAMABAD, Sep 19 (APP): A ‘common expo centre’ will be established for Sialkot, Gujrat, Wazirabad and Gujranwala cities, for which the Punjab government will be approached for the allocation of land. This was agreed in principle by the Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood during an official visit to… Continue reading A ‘common expo centre’ to be established for 4 cities in Punjab
Senator Faisal Javed pays Rs46,127 taxes, FBR clarifies
ISLAMABAD, Sep 19 (APP): The Federal Board of Revenue (FBR) Saturday clarified the news appearing in electronic media regarding the tax paid by Senator Faisal Javed after issuance of Tax Directory for Tax Year 2018 by the board. According to press statement issued by the board, Senator Faisal Javed also approached FBR and informed that… Continue reading Senator Faisal Javed pays Rs46,127 taxes, FBR clarifies
Off-grid solutions be explored to provide electricity in Southern Balochistan: Asad
ISLAMABAD, Sep 18 (APP): Minister for Planning, Development and Special Initiatives Asad Umar Friday said localized and off-grid solutions should be explored to provide electricity in remote areas of Southern Balochistan. He expressed these views while chairing a meeting to review the overall energy situation in Balochistan here at his office. Minister for Energy, Advisor… Continue reading Off-grid solutions be explored to provide electricity in Southern Balochistan: Asad
FBR publishes Tax Directory for year 2018
ISLAMABAD, Sep 18 (APP): The Federal Board of Revenue (FBR) Friday published tax directory for the year 2018, containing detailed information of tax filers including elected representatives of the country. The tax directory was formally launched by Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh and Chairman FBR Muhammad Javed Ghani… Continue reading FBR publishes Tax Directory for year 2018
Hafeez for automation to maintain transparency in tax collection system
ISLAMABAD, Sep 18 (APP): The Advisor to Prime Minster on Finance and Revenue, Dr. Abdul Hafeez Shaikh said Friday that promoting transparency through automation and digitalization in tax collection system of Federal Board of Revenue was a prime agenda of the government. For this purpose, he said, the FBR has made public the tax payers’… Continue reading Hafeez for automation to maintain transparency in tax collection system
China to assist Pakistan in developing dates processing plants, onion cold storages in Southern Balochistan
ISLAMABAD, Sep 18 (APP): Federal Minister for National Food Security and Research, Syed Fakhar Imam on Friday had a farewell meeting with outgoing Chinese Ambassador to Pakistan, Yao Jing and appreciated his contributions for fostering bilateral ties between the two countries. It was also decided that China will assist in developing dates processing plants and… Continue reading China to assist Pakistan in developing dates processing plants, onion cold storages in Southern Balochistan
Rupee strengthens against dollar
ISLAMABAD, Sep 17 (APP): The exchange rate of Pakistani rupee strengthened by 13 paisas against the US dollar in the interbank trading on Thursday and closed at Rs 166.21 as compared to the last closing of Rs 166.34. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market… Continue reading Rupee strengthens against dollar
ADB to establish regional hub for improving economies
ISLAMABAD, Sep 17 (APP): The Asian Development Bank (ADB) is establishing a regional hub to promote knowledge sharing and strengthen cooperation on tax policy, tax administration across economies in Asia and the Pacific and their development partners. “I firmly believe that one of the keys to success in achieving the Sustainable Development Goals (SDGs) in… Continue reading ADB to establish regional hub for improving economies
Rice traders organizes training workshop for rice value chain
ISLAMABAD, Sep 17 (APP): The rice traders organized safety and capacity building training workshop for rice millers and other agriculture sector stakeholders in rice value chain, especially to protect the work place rights of woman rice transplanter. The Rice Partners Pvt Ltd (RPL) one of the top rice exporter of Pakistan in collaboration of Helvetas… Continue reading Rice traders organizes training workshop for rice value chain
- PM, Saudi Royal court advisor discuss ways to boost economic ties
- Minister meets Chinese Consul General, discusses bilateral cooperation, Chinese security
- Pakistani players celebrated the wicket of New Zealand batsman Michael Bracewell catch Babar Azam ball by Shadab Khan during the Fifth Twenty20 International cricket match between Pakistan and New Zealand at the Qaddafi cricket stadium
- Advisor at the Royal Court and General Secretary of Saudi-Pak Supreme Coordination Council H.E. Mr. Mohammed bin Mazyad Al-Tuwaijri calls on Prime Minister Muhammad Shehbaz Sharif.
- Advisor at the Royal Court and General Secretary of Saudi-Pak Supreme Coordination Council H.E. Mr. Mohammed bin Mazyad Al-Tuwaijri calls on Prime Minister Muhammad Shehbaz Sharif
