Category: Business

ISLAMABAD, Sep 27 (APP): The Asian Development Bank (ADB) has revised up Pakistan’s economic growth projection for the year 2017 from 4.8 percent to 5.2 percent. In its updated flagship economic publication Asian Development Outlook (ADO) launched on Tuesday, it said that the growth projections for next year were retained for all economies of South… Continue reading ADB revises up Pakistan’s economic growth projection for 2017

ISLAMABAD, Sep 26 (APP): Economic Coordination Committee (ECC) of the cabinet here on Monday has approved the reduction in price of imported urea fertilizer and fixed its price at Rs. 1,200 par bag. The ECC which met here with Federal Minister for Finance Senator Mohammad Ishaq Dar in chair approved the reduction in price of… Continue reading ECC approves reduction in price of imported urea

ISLAMABAD, Sept 26 (APP): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Monday said it was ready to work for peace and trade in the region but not at the cost of Indian hegemony. Pakistani industry was ready to severe ties with India amid growing tensions after the unverified allegations of Uri attack, FPCCI… Continue reading Peace, trade not at cost of Indian hegemony: FPCCI

URUMQI CHINA,Sep 26 (APP): National Bank of Pakistan (NBP) and Union Pay International (UPI) has signed an agreement during the mega conference of Silk Road Forum in Urumqi, China. According to a statement issued here on Monday, this agreement would enable NBP to launch Union Pay branded Debit and Prepaid Cards allowing customers to conduct transactions at… Continue reading NBP, Union Pay International (UPI) signs agreement

LAHORE, Sep 25 (APP): Punjab Agriculture Minister Dr Farrukh Javed said on Sunday that national economy was improving due to prudent policies of the incumbent government. He said the government was providing reasonable subsidy to the agriculture sector to boost yield and raise the living standard of farmers. In an interview with APP here, he… Continue reading Govt’s prudent policies help strengthen national economy: Minister

ISLAMABAD, Sept 25 (APP): Finance Minister Senator Mohammad Ishaq Dar will lead the Pakistan delegation at the Annual Meetings of the World Bank (WB) Group and International Monetary Fund (IMF) in Washington DC scheduled on October 7 to 9. He is scheduled to talk about various issues including the global economic environment, Pakistan economy, poverty reduction and… Continue reading Dar to lead Pak delegation for meetings with WB, IMF

LAHORE, Sept 25 (APP): Trade Development Authority of Pakistan (TDAP) here Sunday hosted 29th Asian Trade Promotion Forum (ATPF) CEOs’ Conference on the theme ‘Enhancing role of TPOs in Human Resource Development’. The event participated actively by leading representatives of Trade Promotion Organizations (TPOs) of Asian Region including Australia, Bangladesh, China, Chinese Taipei, Hong Kong,… Continue reading TDAP hosts 29th Asian Trade Promotion Forum

ISLAMABAD, Sep 25 (APP): Federal government is spending Rs. 81.59 billion to execute different projects in Islamabad Capital Territory (ICT) and Federally Administered Areas during this year. In this regard, the government has earmarked the amount in current Public Sector Development Programme (PSDP). Of the total, an amount of Rs. 42 billion was block allocation… Continue reading Rs. 81.59 bln being spent on development in ICT, Federally Administered Areas

ISLAMABAD, Sept 24 (APP): Finance Minister Senator Mohammad Ishaq Dar Saturday while appreciating the Japanese investment in auto industry of Pakistan, urged the Japanese companies to enhance their investment in the particular sector. He was talking to Japan External Trade Organization (JETRO) President Yasushi Akahoshi, who along with JETRO officials and Japanese Ambassador to Pakistan Takashi… Continue reading Dar urges Japanese companies to enhance investment in Pak auto industry

ISLAMABAD, Sep 24 (APP): Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has proposed that a temporary ban on trade with India would be a just decision in the current scenario as the balance of trade is heavily in India’s favour. Talking to newsmen here Saturday, Chairman of FPCCI Regional Standing Committee, Ahmad Jawad… Continue reading India to lose more if trade halts between two countries: Jawad

ISLAMABAD, Sept 24 (APP): The Central Directorate of National Savings (CDNS) collected Rs 38 billion by September 20 during the current fiscal year (2016-17). According to a senior CDNS official, the target for the year 2016-17 was set at Rs 228 billion as the Directorate was able to achieve the target of Rs 218 billion… Continue reading CDNS collects Rs 38 bln by Sept 20

ISLAMABAD, Sept 24 (APP): The appropriate trainings and guidance of fishermen on different aspects have resulted increase in seafood exports revenues which reached US $ 324 million during 2015-16. The trainings were aimed at reducing post-harvest losses on board fishing vessels and were imparted on hygiene, deckhand, navigational electronic equipment, HACCP, modern fishing techniques etc.… Continue reading Seafood exports fetch $ 324 mln revenue last year

ISLAMABAD, Sep 24 (APP): The Security and Exchange Commission of Pakistan (SECP) has released performance report of private pension funds which were introduced in 2007 under the Voluntary Pension System Rules, 2005. A statement issued by the SECP said that at present, there are 17 pension funds, out of which nine are Sharia-compliant. These funds are managed by… Continue reading SECP releases performance report of private pension funds

ISLAMABAD, Sep 24 (APP): The Securities and Exchange Commission of Pakistan’s (SECP), Youth Investment Week, organized to inculcate the culture of saving and investment among youth, is going on at the Pakistan Stock Exchange (PSX) in Karachi. The event has been arranged in collaboration with the PSX and the National Clearing Company Pakistan Limited (NCCPL), said SECP press… Continue reading Youth Investment Week organized for investment education

ISLAMABAD, Sept 23 (APP): The Economic Coordination Committee of the Cabinet (ECC) Friday gave approval to four summaries including one moved for issuance of sovereign Sukuk in the international capital markets. “The ECC allowed Finance Division to issue sovereign Sukuk in the international capital markets,” said a press statement issued by the Finance Ministry after… Continue reading ECC approves issuance of Sukuk in Int’l markets

ISLAMABAD, Sep 23 (APP): The Foton Group of China Friday expressed keen interest to invest in manufacturing a range of automobiles in Pakistan. A delegation from Foton Group China called on the Finance Minister and appreciated the pro-investment policies of the government. Among others the meeting was attended by Chairman Board of Investment and Special Assistant… Continue reading Foton Group keen to manufacture automobiles in Pakistan

ISLAMABAD, Sep 23 (APP): Pakistan-Bahrain Investment Forum will be held for first time in the Kingdom of Bahrain Manama on Sunday. The opening ceremony is to be attended by 350 guests including government officials, investors and businessmen from both countries. The Forum on September 25 will provide a rare opportunity to the investors and the… Continue reading Pak-Bahrain Investment Forum on Sunday