Category: Business

ISLAMABAD, Jul 1 (APP):The government is according top priority to the development of special economic zones (SEZs) of Hattar (Haripur) and Rashakai (Nowshera) to facilitate foreign and local investors. According to a senior official of Board of Investment (BOI), the government has already removed hurdles in the way of the two SEZs’ development. The main… Continue reading Developing Hattar, Rashakai SEZs on govt’s top priority: BOI

ISLAMABAD, Jul 01 (APP):Pakistan Furniture Council (PFC) Chief Mian Kashif Ashfaq Monday appreciating Prime Minister Imran Khan’s policies for enhancing volume of exports . He said that prevailing bleak economic condition of the country could be improved by the joint efforts of the public and the private sectors.

ISLAMABAD, Jul 1 (APP):The country’s domestic production of crude oil has witnessed around 12. 8 percent increase during a nine-month period (July-March) of the last fiscal year. According to official data available with APP, the domestic production of crude oil remained 24.6 million barrels during the period under review as compared to 21.8 million barrels… Continue reading Crude oil production increases by 12.8%, import downs by 15.38%

ISLAMABAD, Jul 1 (APP):The imports of spices into the country during first eleven months of current fiscal year decreased by 4.45 percent as compared to the corresponding period of last year. Pakistan imported spices worth $146.709 million during July-May (2018-19) compared to the imports of $153.544 million during July-May (2017-18), showing negative growth of 4.45… Continue reading Imports of spices dip 4 pc in 11 months

ISLAMABAD, June 30 (APP):The government has released around Rs 338.215 million funds for four ongoing projects of the Petroleum Division under the Public Sector Development Programme (PSDP 2018-19) till June 21 against the total allocation of Rs 463.175 million. According to the official data issued by the Ministry of Planning, an amount of Rs 291.575… Continue reading Rs 338.215 mln released for petroleum sector projects

ISLAMABAD, Jun 28 (APP):Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and SAARC Chamber of Commerce and Industry (CCI) Friday unanimously called for promotion of durable bilateral cooperation between two neighboring countries Afghanistan and Pakistan to further cement brotherly bonds besides strengthening of mutual trade relations resulting prosperity and long lasting peace in the… Continue reading FPCCI urges promotion of durable bilateral trade ties with Afghanistan

ISLAMABAD, Jun 28 (APP):The exports of cement from the country witnessed an increase of 25.97 percent during the first eleven months of ongoing fiscal year against the exports of the corresponding period of last year. The cement exports from the country were recorded at $260.169 million during July-May (2018-19) against the exports of $206.526 million… Continue reading Cement exports up 25 pc in 11 months

KARACHI, Jun 28 (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 164.50 164.00 EURO EUR 186.99 186.37 JAPANESE YEN JPY 1.5285 1.5236 BRITISH POUND GBP 208.45 207.79 SWISS FRANC CHF 168.61 168.03 CANADIAN DOLLAR CAD 125.64 125.22 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Jun 27 (APP):The Ministry of textiles has so far paid Rs 44.5 billion to the local textile industry under Prime Minister’s Exports Enhancement Package since July 2017, with an objective to help boost exports from the country, senior official in the ministry told APP here on Thursday. During the last 1ten months, the ministry… Continue reading Textile sector receives Rs44.5 bln under PM’s package

ISLAMABAD, Jun 27 (APP):Exports from Pakistan in rupee term increased by 22.92 per cent during July-May (2018-2019) compared to the corresponding period of last year. The exports from Pakistan during the period under review were recorded at Rs2,865,543 million compared to the exports of Rs2,331,258 million during the first eleven months of the last fiscal… Continue reading Exports up 22.92pc to Rs2.86 trillion in 11 months

KARACHI, Jun 27 (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 164.00 163.50 EURO EUR 186.58 185.74 JAPANESE YEN JPY 1.5200 1.5134 BRITISH POUND GBP 208.31 207.41 SWISS FRANC CHF 167.60 166.82 CANADIAN DOLLAR CAD 125.08 124.53 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Jun 26 (APP):Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh, chaired a meeting here on Wednesday to discuss the framework to facilitate the farmers through Warehouse Receipt Financing (WHRF). The Adviser was briefed about the importance of storage infrastructure for agriculture commodities which could save billion of rupees… Continue reading Hafeez to discuss framework for facilitating farmers through WHRF

ISLAMABAD, Jun 26 (APP):The textile exports from the country during July-May (2018-19) were recorded at $12315.315 million compared to the exports of $12326.913 million of the same period of last year, showing nominal decrease of 0.09 percent, according to the latest data of Pakistan Bureau of Statistics (PBS). The textile commodities that contributed in positively… Continue reading Textile exports earn $12.315bln in 11 months

ISLAMABAD, Jun 26 (APP):The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Wednesday demanded from the government to announce first-ever “Industrial Amnesty” for establishment of export oriented industry without seeking source of income to bring undeclared hidden assets in documented economy besides boosting the volume of export. The decision to seek the amnesty was… Continue reading FPCCI demands amnesty for export oriented industry

KARACHI, Jun 26 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 157.45 156.95 EURO EUR 179.04 178.24 JAPANESE YEN JPY 1.4674 1.4607 BRITISH POUND GBP 200.04 199.12 SWISS FRANC CHF 161.46 160.68 CANADIAN DOLLAR CAD 119.62 119.05 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Jun 25 (APP):Adviser to the Prime Minister on Commerce, Textile and Investment, Razak Dawood on Tuesday said the Czech Republic investors would have huge investment opportunities in different potential sectors of Pakistan. He said this in a meeting with the delegation of Czech-Pakistan Inter-Parliamentary Friendship Group led by Daniel Pawlas, said a press release… Continue reading Czech investors to have huge investment opportunities in Pakistan: Razak Dawood

ISLAMABAD, Jun 25 (APP):The National Assembly’s Standing Committee on Commerce and Textile Tuesday advised the Commerce Ministry to find some win-win solution of the issue related to zero-rated regime of five export-oriented sectors. The meeting of the committee was chaired by Syed Naveed Qamar while among others it was attended by committee members and officials… Continue reading NA body for win-win solution on zero-rated regime issue

KARACHI, Jun 25 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 157.30 156.80 EURO EUR 179.53 178.80 JAPANESE YEN JPY 1.4707 1.4650 BRITISH POUND GBP 200.65 199.84 SWISS FRANC CHF 162.10 161.43 CANADIAN DOLLAR CAD 119.33 118.86 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Jun 24 (APP):Official Spokesperson and Adviser, Ministry of Finance, Dr. Khaqan Hassan Najeeb on Monday said the macroeconomic stabilization was need of the hour for the economy and this federal budget 2019-20 gives the direction of economic stabilization through curbing the imports and supporting the exports measures. This budget is directionally and strategically a… Continue reading Federal budget gives direction for economic stabilization, Spokesperson MoF

ISLAMABAD, Jun 24 (APP):Adviser to Prime Minister on Commerce, Industries and Investment, Abdul Razak Dawood on Monday said that United Kingdom (UK) can play important role in promoting trade and investment growth of Pakistan by investing in competitive sectors. “Continuation of preferential market access under Generalize Schemes of Preference (GSP- Plus) in the post-Brexit scenario… Continue reading UK to play role for promoting trade, investment growth of Pakistan:Razak Dawood