KARACHI, May 19 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. U.S.A 105.55/ 103.04 S.ARABIA 28.00/ 26.35 U.K 153.82/ 150.17 JAPAN 0.9595/ 0.9362 EURO 118.44/ 115.64 U.A.E 28.73/ 26.34
Category: Business
Business news from Pakistan
Dar chairs meeting to review proposals on improvement in laws regulating flow of foreign exchange
ISLAMABAD, May 18 (APP): Finance Minister Senator Mohammad Ishaq Dar Wednesday chaired a high level here to review proposals and recommendations on bringing about improvement and changes in the laws regulating the inflow and outflow of foreign exchange in the country, as well as disclosure of assets held abroad by Pakistanis. State Bank of Pakistan (SBP),… Continue reading Dar chairs meeting to review proposals on improvement in laws regulating flow of foreign exchange
Dar directs FBR new tax measures must not affect common man
ISLAMABAD, May 18 (APP): Minister for Finance on Wednesday directed the Federal Board of Revenue (FBR) to ensure that common men were not adversely affected by tax measures in the upcoming budget for next year. He also directed that the FBR might also continue to pursue the aim of tax payers facilitation to promote tax… Continue reading Dar directs FBR new tax measures must not affect common man
IFAD Vice President meets Ishaq Dar
ISLAMABAD, May 17 (APP): Finance Minister Senator Mohammad Ishaq Dar held a meeting with Vice President, International Fund for Agricultural Development (IFAD) Michael Mordasini here on Tuesday. Michael Mordasini apprised the Finance Minister about the current profile of IFAD projects in Pakistan and said the organization with its fundamental aim to combat rural poverty by… Continue reading IFAD Vice President meets Ishaq Dar
US Ambassador calls on Ishaq Dar
ISLAMABAD, May 17 (APP): US Ambassador David Hale Tuesday called on Finance Minister Senator Mohammad Ishaq Dar and discussed matters of mutual interest. The US Ambassador apprised the Finance Minister about the Pak-US Business Opportunities Conference scheduled to be held in New York in the first week of June 2016. He said the event would… Continue reading US Ambassador calls on Ishaq Dar
Economic development essential for eradicating social ills: Siddiq-ul-Farooq
LAHORE, May 17 (APP): Evacuee Trust Property Board (ETPB) chairman Siddiq-ul-Farooq Tuesday said the country could not handle the challenges of poverty, diseases and other social evils without economic development. Talking to APP, he said the PML-N government had been serving people selflessly and this journey would continue in future also. He said that the… Continue reading Economic development essential for eradicating social ills: Siddiq-ul-Farooq
Ahsan Iqbal calls for political stability for growth, development
ISLAMABAD, May 17 (APP): Federal Minister Planning, Development and Reform Ahsan Iqbal Tuesday said that political instability and inconsistency in policies, poor investment in infrastructure, wrong economic policies and disjointed governance cost dearly in the past. “We will not let mistakes of the past to be repeated. Pakistan’s Vision-2025 has put country on path of transformation and… Continue reading Ahsan Iqbal calls for political stability for growth, development
SNGPL incurs Rs 83,545 mln non-development expenditure in three years: Senate told
ISLAMABAD, May 17 (APP): Minister of State for Petroleum and Natural Resources Jam Kamal Khan Tuesday said the Sui Northern Gas Pipelines Limited (SNGPL) had incurred Rs 40,576 million expenditure (capital expenditure) and Rs 83,545 million non-development expenditure (operating cost) during the last three years. Replying to a question in the Senate, the minister said the… Continue reading SNGPL incurs Rs 83,545 mln non-development expenditure in three years: Senate told
Pakistan’s Western part to be hub of international investment soon: Dastgir
ISLAMABAD, May 17 (APP): Minister for Commerce, Engineer Khurram Dastgir Khan Tuesday said that the Western part of Pakistan would be the hub of international investment in the near future with the development and connectivity projects linking South and Central Asia. “This will provide innumerable opportunities of economic engagement for the technologically advanced countries to invest in… Continue reading Pakistan’s Western part to be hub of international investment soon: Dastgir
Govt taking concrete steps to control price-hike: NA told
ISLAMABAD, May 17 (APP): Parliamentary Secretary for Finance and Revenue Rana Muhammad Afzal Tuesday informed the National Assembly that the government had taken concrete steps to control price-hike in the country. Speaking on a resolution moved by Dr Nikhat Shakeel that the government should take steps to control price-hike, he said the Finance Minister chaired… Continue reading Govt taking concrete steps to control price-hike: NA told
Pak trade caravan reaches Kyrgyzstan, expo from May 18 at Bishkek
KARACHI, May 17 (APP): Pakistan’s trade caravan has reached Kyrgyzstan for two-day road show in Bishkek from May 18 to 19. Pakistan Embassy in Bishkek has invited all relevant government organisations and chambers to participate in the inauguration ceremony of the event, said statement issued by Trade Development Authority of Pakistan (TDAP) here on Tuesday.… Continue reading Pak trade caravan reaches Kyrgyzstan, expo from May 18 at Bishkek
Dar pins hope on highest growth rate in FY 2015-16
ISLAMABAD, May 17 (APP): Finance Minister, Senator Muhammad Ishaq Dar Tuesday expressed the hope that the GDP growth rate during the current year (2015-16) would be the highest in eight years. Speaking at a function to commemorate the World Telecommunication and Information Society Day 2016, here the Finance Minister said that all the economic indicators have been… Continue reading Dar pins hope on highest growth rate in FY 2015-16
Currency rates of NBP
KARACHI, May 17 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday.
Committee on Electoral Reforms meets
ISLAMABAD, May 16 (APP): Finance Minister, Senator Mohammad Ishaq Dar here on Monday, chaired the 17th meeting of the Parliamentary Committee on Electoral Reforms (PCER). At the outset, minutes of the 16th meeting of the Committee were shared with all the members and confirmed. The meeting later had further deliberations on the proposed Constitution Amendment Bill… Continue reading Committee on Electoral Reforms meets
David Kattrud discuss with Bosan various activities of his organization in Pakistan
ISLAMABAD, May 16 (APP): David Kattrud, Regional Director, World Food Programme called on the Minister for National Food Security and Research, Sikandar Hayat Khan Bosan here on Monday and discussed various activities of his organization in Pakistan. He particularly enunciated the broader parameters of Zero Hunger Programme, as well as Sustainable Development Goals (SDGs) in… Continue reading David Kattrud discuss with Bosan various activities of his organization in Pakistan
ADB launches video contest to find new transport ideas for Asia
ISLAMABAD, May 16 (APP): The Asian Development Bank (ADB) has launched Youth Video Contest to find new transport ideas for Asia to promote safe, environment friendly and affordable transport for all. The competition coincide with ADB’s 5th Transport Forum to be held in Manila ( Philippines) from September 12-16, said ADB press statement received here… Continue reading ADB launches video contest to find new transport ideas for Asia
Govt releases Rs474.255 bln for development projects
ISLAMABAD, May 16 (APP): The government has so far released over Rs 474.255 billion for different social sector development projects under Public Sector Development Programme (PSDP) 2015-16 against the total allocations of Rs 700 billion earmarked for the current fiscal year. As sum of Rs 101.833 billion has been released for Water and Power Development… Continue reading Govt releases Rs474.255 bln for development projects
Rs eight bln disbursed under PM’s Youth Business Loan Scheme
ISLAMABAD, May 15 (APP): The government has disbursed 8,261 business loans worth Rs 8 billion amongst potential entrepreneurs across the country under PM’s Youth Business Loan (PMYBL) Scheme in last two and half years, said official sources. As many as 64,114 applications have been received for interest-free loans under PMYBL scheme in last two and half years. Out of which… Continue reading Rs eight bln disbursed under PM’s Youth Business Loan Scheme
US Exim Bank willing to finance 3600 MW LNG based power plants
ISLAMABAD, May 14 (APP): Finance Minister Senator Mohammad Ishaq Dar has expressed strong interest in providing financing for the three LNG-based power plants at Baloki, Bhikki and Haveli Bahadar Shah in Pakistan. The spokesman of the Ministry of Finance said here on Saturday that Vice President of United States (US) Exim Bank, Annette Maresh had indivated this in a… Continue reading US Exim Bank willing to finance 3600 MW LNG based power plants
Pakistan’s average per annum trade volume with SAARC countries stands at $5,630.74 million: Dastgir
ISLAMABAD, May 13 (APP): Minister for Commerce Khurram Dastgir Khan said on Friday the average per annum trade volume of Pakistan with South Asian Association for Regional Cooperation (SAARC) countries had been $5,630.74 million during the last three years. Overall, he added, it was a fact the exports of the country were less than the imports. Elaborating, he added… Continue reading Pakistan’s average per annum trade volume with SAARC countries stands at $5,630.74 million: Dastgir
