Category: Business

KARACHI, Apr 15 (APP):KARACHI, Apr 15 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 185.54 184.89 184.51 EURO 160.28 159.72 159.39 CANADA 106.33 105.96 105.68 SWITZERLAND 141.41 140.91 140.54 AUSTRALIA 101.66 101.30… Continue reading NBP Exchange Rates

ISLAMABAD, Apr 14 (APP):The country’s services trade deficit narrowed by 36.54 percent during the first eight months of the current fiscal year compared to the corresponding period of last year. The services trade deficit during July-February (2018-19) was recorded at US $ 2.303 billion against the deficit of US $ 3.630 billion during July-February (2017-18),… Continue reading Services trade deficit shrinks 36.54% in eight months

ISLAMABAD, Apr 12 (APP):Finance Minister Asad Umar, Friday encouraged Pakistani-American diaspora to take advantage of the new business opportunities and make massive investment in Pakistan. The Minister was addressing a large group of Pakistani American businessmen and professionals at the Embassy of Pakistan, Washington DC. Finance Minister gave a round up of his meetings with… Continue reading Asad urges Pakistan-America diaspora to invest in Pakistan

KARACHI, Apr 12 (APP):State Bank of Pakistan (SBP) on Friday mopped up Rs 907.5 billion from the money market as repo sale through its open market operation. The amount offered was Rs 931 billion. The rate of return accepted is 10.69 percent per annum, an SBP press release said.

KARACHI, Apr 12 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 185.28 184.63 184.25 EURO 159.99 159.42 159.09 CANADA 106.02 105.65 105.37 SWITZERLAND 141.33 140.83 140.46 AUSTRALIA 101.05 100.69 100.42 SWEDEN 15.30 15.24… Continue reading NBP Exchange Rates

ISLAMABAD, Apr 11 (APP):Negotiations on Free Trade Agreement (FTA) between Pakistan and Turkey would be concluded in June, followed by formal agreement to boost bilateral trade cooperation in different potential areas between the two brotherly countries. Pakistan would finalize FTA with Turkey, under the Pakistan Turkey Strategic Economic Framework (SEF) plan of action, said senior… Continue reading Pak-Turkey FTA negotiations to conclude in June

ISLAMABAD, Apr 11 (APP):The Central Directorate of National Savings (CDNS) has achieved net target of Rs300 billion during first nine months (Jul-March) 31, 2018-19 as compared to same period of last year’s collection of Rs110 billion, showing a surge of 68 percent. The total savings held by the CDNS stood at Rs1659 billion by March… Continue reading National Savings achieves Rs300 billion target in last nine months

ISLAMABAD, Apr 11 (APP):The country’s services trade deficit narrowed by 36.54 percent during the first eight months of the current fiscal year compared to the corresponding period of last year. The services trade deficit during July-February (2018-19) was recorded at US $ 2.303 billion against the deficit of US $ 3.630 billion during July-February (2017-18),… Continue reading Services trade deficit shrinks 36.54% in eight months

KARACHI, Apr 11 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 185.64 184.99 184.61 EURO 159.79 159.23 158.90 CANADA 106.20 105.83 105.55 SWITZERLAND 141.37 140.87 140.50 AUSTRALIA 101.43 101.07 100.81 SWEDEN 15.30 15.25… Continue reading NBP Exchange Rates

ISLAMABAD, Apr 10 (APP):Advisor to the Prime Minister on Commerce, Textile, Industry and Investment Abdul Razak Dawood on Wednesday said the government was taking effective measures to facilitate the investors and businessmen which would not only help Pakistan in improving ease of doing business ranking but also enhance the economic activities in the country. Addressing… Continue reading Govt taking measures to improve ease of doing business ranking

ISLAMABAD, April 10 (APP):Board of Investment (BoI) Chairman Haroon Sharif Wednesday said the government is focusing to improve governance, provision of sufficient basic utilities and rationalization of land prices to ensure establishment of an efficient industrial base in Pakistan. He expressed these views, while chairing the 5th meeting of approvals committee of Special Economic Zones… Continue reading Govt for investment in industrial sector: BoI chairman

ISLAMABAD, Apr 10 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has said that Balochistan would get the lion’s share for various socio-economic initiatives and schemes especially for poverty reduction. He said the present government was committed to the development of Balochistan to harness the province’s true potential and bring it at par with… Continue reading Balochistan to get lion’s share in development schemes

ISLAMABAD, Apr 10 (APP):The government is all set to reform both tax policy and tax administration to bring about a tax structure that would help in generating sufficient revenues to meet government’s needs and promote sustainable economic development of the country. “The government intends to reform both tax policy and tax administration to bring about… Continue reading Reforming tax policy, administration a government priority

KARACHI, Apr 10 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 184.98 184.32 183.94 EURO 159.56 158.99 158.67 CANADA 106.27 105.90 105.62 SWITZERLAND 141.65 141.15 140.78 AUSTRALIA 101.01 100.65 100.39 SWEDEN 15.30 15.24… Continue reading NBP Exchange Rates

ISLAMABAD, April 10 (APP):Czech Republic considers Pakistan a potential market for business and investment and a delegation of Czech businessmen led by its Ministry of Commerce would visit Pakistan in June this year to explore possibilities of joint ventures (JVs) and business collaboration. Commercial Counselor of the Embassy of Czech Republic Michal Bobek said this… Continue reading Czech delegation to visit Pakistan for exploring JVs opportunities

SIALKOT, April 9 (APP)::Somalia is making adequate efforts on developing, promoting and strengthening trade relations with Pakistan. This was stated by Commercial Attache Khadar Dheen Guiled while talking to President Sialkot Chamber of Commerce and Industry (SCCI) on Tuesday. The commercial attache further said there were wide opportunities of establishing joint ventures between Somalia and… Continue reading Somalia keen to develop strong trade ties with Pakistan: Commercial Attache

FAISALABAD, Apr 09 (APP)::Ambassador of People’s Republic of China to Islamabad, Mr. Yao Jing on Tuesday said the up-gradation of textile sector with Chinese collaboration would help Pakistan maintain its inherent edge in this specific field through technology transfer. This was stated by the ambassador while talking to the faculty and students of National Textile… Continue reading Up-gradation of textile sector to help Pakistan maintain its inherent edge: Chinese Ambassador

LAHORE, Apr 09 (APP):A 29-member first-ever largest and high-powered French delegation visited Lahore Chamber of Commerce and Industry on Tuesday and expressed deep interest in cooperation and business development. Chairman of France-Pakistan Business Council & President of Total Global Services Thierry PFLIMLIN was heading the delegation, while officials of 20 top French companies, dealing in… Continue reading French trade delegation eyes investment opportunities in Pakistan

ISLAMABAD, Apr 9 (APP):According to Karachi Sarafa Association the per tola price of 24 karat increased by Rs 400 and traded at Rs 71,400 per tola against Rs 71,000 and that of 10 gram gold gain Rs 343 and traded at Rs 61,214 on Tuesday . The price of Silver remained unchanged at Rs 900… Continue reading Gold price increased by Rs 400, traded at Rs 71, 400 per tola

ISLAMABAD, April 9 (APP):Senate Standing Committee on Finance, Revenue, and Economic Affairs Tuesday approved the budgetary proposals of the Finance Division to allocate Rs18.177 billion for various development projects of the ministry under Public Sector Development Programme (PSDP) 2019-20. The meeting was held here at the Parliament House under the chairmanship of Senator Farooq H… Continue reading Senate body okays Finance Division’s budget proposal of Rs18.177 bn