Category: Business

ISLAMABAD, Mar 5 (APP):The Sui Southern Gas Company (SSGC) has received funds amounting to Rs662.693 million to provide natural gas to 40 villages and localities of Balochistan province during the last five years. The funds had been provided under the Sustainable Development Goals Achievement Programme, according to an official document available with APP. The villages… Continue reading SSGC receives Rs 662.693 mln to gasify 40 villages in Balochistan

ISLAMABAD, Mar 5 (APP):Adviser to Prime Minister on Commerce Abdul Razak Dawood Thursday highlighted the importance of enhancing Pakistan-Brazil bilateral cooperation to exploit the existing potential of bio-energy (Ethanol) and value addition in Agriculture field. He was addressing a technical seminar on “Sustainable Mobility: Ethanol Talks-Pakistan,” jointly organized by Pakistan Sugar Mills Association and Brazilian… Continue reading Razak favours utilizing Brazilian experiences for ethanol production

ISLAMABAD, Mar 05 (APP):Ambassador-designate of Pakistan to Poland, Malik Muhammad Farooq Thursday visited Islamabad Chamber of Commerce and Industry (ICCI) and held a meeting with its President, Muhammad Ahmed Waheed to discuss matters for further improving bilateral trade and economic relations of Pakistan with Poland. Saif ur Rehman Khan Vice President ICCI, Baser Daud, Muhammad… Continue reading Business community asked to explore Poland for trade and exports

ISLAMABAD, Mar 5 (APP):The Non-Banking Financial Sector asset size by June, 2019 stood at Rs1,140 billion as compared to the asset size of Rs1,228 billion of last year’s corresponding period. According to the annual report of Security and Exchange Commission of Pakistan (SECP) for the year 2018-19, non-banking financial sector reflected an overall decrease of… Continue reading Asset size of NBF sector stands at Rs 1,140 bln

ISLAMABAD, Mar 5 (APP):The Federal Board of Revenue (FBR) on Thursday clarified a news item published in a section of press relating to actual number of tax returns filed in Tax Year 2019 and Tax Year 2018. The board in a statement clarified that number of tax returns filed in Tax Year 2018 till February… Continue reading FBR clarifies news related to number of tax filers

ISLAMABAD, Mar 5 (APP):The imports of plastic materials into the country witnessed declined of 10.15 percent during the first seven months of current financial year (2019-20) as compared to the corresponding period of last year. Pakistan imported plastic worth $1123.260 million during July-January (2019-20) compared to the imports of $1250.137 million during July-January (2018-19), showing… Continue reading Plastic imports dip over 10pc to $1123.260 mln

ISLAMABAD, Mar 4 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a host of measures to encourage and facilitate the overseas Pakistanis to send their remittances through official banking channels. The approval was granted at an ECC meeting chaired by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez… Continue reading ECC approves measures to boost remittances through formal channels

ISLAMABAD, Mar 4 (APP):As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond… Continue reading WB offers $12 billion in support of countries’ response to Covid -19

ISLAMABAD, Mar 4 (APP):The World Bank (WB) Wednesday committed to provide $300 million for supporting human capital and livelihoods in Punjab and Sindh provinces. According to WB press statement, out of this amount the bank would provide $200 million for the Punjab Human Capital Investment Project that will strengthen health services and social protection for… Continue reading WB commits $300 mln to support human capital, livelihoods

ISLAMABAD, Mar 3 (APP):Central Development Working Party (CDWP) Tuesday approved 7 different social sector development projects worth Rs 12.23 billion and recommended 5 projects of Rs 158.230 billion to Executive Committee of National Economic Council (ECNEC) for consideration. According to a press release issued here, the meeting presided over by Deputy Chairman Planning Commission Mohammad… Continue reading CDWP approves 7 projects , recommends 5 projects to ECNEC

ISLAMABAD, Mar 03 (APP):State Bank of Pakistan (SBP) Governor Dr Reza Baqir Tuesday said that the International Monetary Fund (IMF) is government’s partner in reforming the country’s current economic system. In a briefing to the Public Accounts Committee (PAC) under the chairmanship of Rana Tanvir Hussain, the governor further said the relationship with IMF is… Continue reading IMF is our partner in economic reforms: Gov State Bank

ISLAMABAD, Mar 3 (APP):A Chinese company is launching a new cab service which would operationalize its brand in Pakistan and is offering discounts for Pakistan Super League (PSL) spectators across the country. “Tatu” aimed to promote digital culture among the youth of the country by introducing best international practices, Chief Executive Officer (CEO) of Chinese… Continue reading New Chinese cab service offers discount for PSL spectators

KARACHI, Mar 2 (APP):The State Bank of Pakistan Governor Dr. Reza Baqir on Monday said that the economic conditions are better in many areas as compared to the past. The country’s economy was not in strong position back then as the reserves and exchange rates were falling. Addressing as a chief guest at an event… Continue reading Economic conditions improved as compared to past; SBP Governor

ISLAMABAD, Mar 2 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Monday that outlook for the economy was strong and pick up in exports and remittances were supporting growth momentum. “In December 2019, the large scale manufacturing output expanded by 16% on month on month basis, indicating that… Continue reading Economic outlook strong, increasing exports , remittances supporting growth : Hafeez Shaikh

ISLAMABAD, Mar 2 (APP):The government on Monday transported pesticide, sprayers and surveillance devices to respective districts of Balochistan in order to overcome the menace of locust that effected standing crops standing over thousands of hectares. In order to review the current situation, a meeting held here with Minister for National Food Security and Research Makhdum… Continue reading Surveillance devices, pesticides transported to Balochistan for controlling locust

ISLAMABAD, Mar 2 (APP):Federal Minister for Planning, Development and Special Initiatives, Asad Umar on Monday appreciated the current level of Britain’s engagements in Pakistan and affirmed the resolve to improve the bilateral business and investment relations to new heights. British High Commissioner Dr Christian Turner called upon the Federal Minister for Planning, Development and Special… Continue reading Asad welcome UK’s effort for improving economic ties with Pakistan

ISLAMABAD, March 2 (APP):The Liquefied Petroleum Gas Industries Association Pakistan (LPGIAP) on Monday asked the government to take action against the elements involved in creating artificial shortage of the commodity, especially after limited movement on the Pakistan-Iran border in Taftan, Balochistan due to the Coronavirus reports in Iran. “The border is a key source to… Continue reading LPGIAP for action against elements creating artificial shortage of LPG

ISLAMABAD, Mar 2 (APP):The Securities and Exchange Commission of Pakistan (SECP) has registered 14,461 new companies during the fiscal year 2018-19, showing 27 per cent growth as compared to the last financial year. According to the SECP Annual Report, out of the new companies registered, approximately, 73 per cent were registered as private limited, 24… Continue reading SECP registers 14,461 new companies

ISLAMABAD, Mar 2 (APP):The Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan said that commission has been focusing on strengthening its regulatory oversight and upgrade its surveillance capability by employing supervisory technology and improving inspection regime. He was commenting SECP annual report for financial year 2018-19 issued here. The report mentions various measures… Continue reading SECP to focus on regulatory processing