Category: Business

ISLAMABAD, Sep 3 (APP): The production of motorcycles increased by 16.54 percent during the fiscal year 2015-16 compared to the corresponding period of last year. As many as 2,071,123 motorcycles were manufactured during July-June (2015-16) compared to the production of 1,777,251 units during July-June (2014-15), according to the latest data of Pakistan Bureau of Statistics… Continue reading Motorcycle production up by 16.54% in FY16

WASHINGTON, Sept 3, (APP/AFP) – The US dollar gained on the euro and yen Friday after a lackluster US jobs report that supported a Federal Reserve rate rise later this year but not necessarily this month. The US economy pumped out 151,000 net new jobs in August, below the 180,000 expected. It was a solid… Continue reading Dollar gains vs euro, yen on mediocre US jobs report

ISLAMABAD, Sep 2 (APP): Overall water security in Asia and Pacific has progressed in the past 5 years, but major challenges remain, including overexploited groundwater, demand from rising populations, and climate variability, according to a new report from the Asian Development Bank (ADB). The new edition of the Asian Water Development Outlook (AWDO 2016) provides… Continue reading Asia-Pacific shows progress in water security, but challenges remain: ADB study

SIALKOT,Sept 2 (APP):China Pakistan Economic Corridor (CPEC) project has opended up fundamentals of industrial cooperation between the two friendly countries, paving way for new vistas of economic stability and development in Pakistan. Chief Coordinator, Pakistan Readymade Garments Manufactures and Exporters Association (PRGMEA), Ijaz A. Khokhar said this while talking to APP here. He underscored the need of… Continue reading CPEC to create huge opportunities; private sector role in Economic Zones be facilitated: PRGMEA

ISLAMABAD, Sep 2 (APP): The Central Development Working Party (CDWP), chaired by Minister for Planning, Development and Reform, Prof Ahsan Iqbal, here on Friday approved Rs 8 billion Prime Minister’s National Health Insurance Programme to improve the health status of the population in the country. The programme would ensure access to quality health care especially… Continue reading CDWP approves PM’s National Health Insurance Programme

KARACHI, Sep 2 (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. 104.50 104.30 104.09 U.K. 138.81 138.55 138.26 EURO 117.09 116.87 116.63 CANADA 79.86 79.71 79.50 SWITZERLAND 106.69 106.48 106.20 AUSTRALIA 78.96 78.81 78.60 SWEDEN 12.22… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 1 (APP): The government would ensure all sorts of facilitation and support for any player wanting to invest in establishment of e commerce gateways. As a core component of e commerce value chain, the e commerce gateways have unmatched potential in Pakistan’s booming online market. State Bank has already enabled PSP licensing framework in this… Continue reading Investors to be facilitated in all terms to promote e commerce gateways in Pakistan

ISLAMABAD, Aug 31 (APP): Pakistan and World Bank singed here on Wednesday four agreements to provide a loan worth US $ 650 million to support projects in education, health, water and disaster sectors of Pakistan. Tariq Bajwa, Secretary, Economic Affairs Division signed the Financing Agreements on behalf of Government of Pakistan while representatives of Governments of Punjab,… Continue reading WB to provide US $ 650 mln for 4 projects in Pakistan

ISLAMABAD, Aug 31 (APP): The exports of spices from the country witnessed increase of 15.02 percent during the fiscal year 2015-16 compared to the exports of the same period of last year. The overall exports of spices from the country were recorded at $76.160 million during July-June (2015-16), compared to the exports of $66.216 million… Continue reading Spices’ exports up by 15% in FY16

TOKYO, Aug 31, (APP/AFP): Tokyo stocks rallied in opening trade on Wednesday as a weaker yen and bargain-hunting offset a lacklustre lead from Wall Street. The benchmark Nikkei 225 index soared 0.79 percent, or 132.47 points, to 16,857.83 in opening deals, while the broader Topix index of all first-section shares rose 0.84 percent, or 11.08… Continue reading Tokyo stocks open higher as weaker yen offsets Wall Street loss

ISLAMABAD, Aug 30 (APP): Chief Executive Officer (CEO) of Trade Development Authority of Pakistan (TDAP) S.M Muneer said on Tuesday that China Pakistan Economic Corridor (CPEC) would be a real game changer as traders from both the countries could avail opportunities from this mega project. “Mutual exchange of delegation would be beneficial for both the countries”, he… Continue reading CPEC a real game changer: CEO TDAP

KARACHI, Aug 30 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.60 104.40 104.19 U.K. 136.87 136.61 136.33 EURO 116.86 116.64 116.40 CANADA 80.31 80.15 79.94 SWITZERLAND 106.67 106.47 106.19 AUSTRALIA 79.18 79.03 78.82 SWEDEN 12.33 12.31… Continue reading NBP Exchange Rates

HONG KONG, Aug 30 (APP/AFP): Hong Kong stocks rose in the first few minutes of trade Tuesday, in line with a regional rally and following a strong lead from Wall Street. The Hang Seng Index added 0.73 percent, or 166.28 points, to 22,987.62. The benchmark Shanghai Composite Index was marginally higher, edging up 1.41 points… Continue reading Hong Kong shares pick up at open