Category: Business

ISLAMABAD, May 12 (APP): Federal Minister for Law and Justice Zahid Hamid on Thursday said the government was taking serious measures to engage Swiss government in order to get access of the $ 200 billion of Pakistanis, reportedly deposited in Swiss banks. Replying to a question in the Senate on behalf of finance minister, he… Continue reading $200 billion of Pakistanis in Swiss banks being accessed: Senate told

ISLAMABAD, May 12 (APP): Pakistan has received valuable foreign exchange of US $ 14,157.65 million from Overseas Pakistanis during the current fiscal year (till March) so far. According to the data received to the Ministry of Overseas Pakistanis and Human Resource Development from State Bank of Pakistan, an amount of US $ 1,884.27 million was… Continue reading Pak receives US $ 14,157.65 million foreign exchange during this fiscal year so far

ISLAMABAD, May 11 (APP): Federal Board of Revenue (FBR) Wednesday issued the Active Taxpayers List (ATL) for the Tax Year 2015. The ATL 2015 contains CNICs/names of individuals/National Tax Numbers (NTNs)/names of companies and Association of Persons (AoPs) who filed their income tax returns for the tax year 2015. The names of those taxpayers who had filed… Continue reading FBR issues active taxpayers list for tax year 2015

ISLAMABAD, May 11 (APP): Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday described the CASA-1000 power project as ‘another game changer’ for Pakistan after the China-Pakistan Economic Corridor (CPEC) to meet its energy needs. “The Central Asia South Asia (CASA-1000) power project, which is scheduled to be launched on Thursday, will be another game… Continue reading CASA-1000 ‘another game changer’ for Pakistan after CPEC: FPCCI

ISLAMABAD, May 10 (APP): Overseas Pakistani workers remitted US $ 16034.39 million in the first ten months (July to April) of FY16, showing a growth of 5.25% compared with US $ 15235 million received during the same period in the preceding year. During April 2016, the inflow of worker’s remittances amounted to US $ 1656.85… Continue reading Workers’ remittances rise 5.2% to US $16 billion: SBP

ISLAMABAD, May 10 (APP): Pakistan aims to increase its exports to India to the tune of one billion dollars within a year, as made-up textile products and readymade garments have great potential to make their way to the markets of neghbouring country, Commerce Minister Khurram Distagir Khan said. The minister was chairing a meeting with… Continue reading Pakistan eyes $1 bln exports to India within a year

ISLAMABAD, May 10 (APP): Pakistan aims at increasing exports worth US $ one billion to India within a year, as made-up textiles products and readymade garments have great potential to make their way to Indian markets. This was stated by Minister for Commerce, Engr. Khurram Dastagir Khan while chairing a meeting with Pakistani counterparts of Pak… Continue reading Pakistan aims at increasing exports worth US $ one billion to India within a year:Engr. Khurram

ISLAMABAD, May 09 (APP): Finance Minister Senator Muhammad Ishaq Dar Monday said Japanese investors were welcome to Pakistan’s auto market. The auto policy announced by the present government was aimed at attracting foreign investment which would in turn strengthen its endeavours to achieve growth and employment generation, he added. The minister was talking to new… Continue reading Japanese investors welcome to Pakistan’s auto market: Dar

LAHORE, May 9 (APP): ASEAN (Association of South East Asian Nations) Retail Chains and Franchise Federation, one of the leading groups of companies in Malaysia Monday showed keen interest in setting up here a state-of-the-art amusement park. The Group’s delegation disclosed this here in a meeting with Punjab Board of Investment and Trade (PBIT) CEO Ms.… Continue reading Malaysian group interested in amusement park in Lahore

ISLAMABAD, May 9 (APP): In order to promote electronic payments in Pakistan by introducing alternate digital means of payments and achieve greater financial inclusion by taking advantage of the technological developments in the card industry, SBP has issued Prepaid Card Regulations. A statement of the Central Bank issued on Monday said prepaid Card is a payment instrument built around a… Continue reading SBP issues prepaid card regulations

ISLAMABAD, May 9 (APP): The Food and Agriculture Organization of the United Nations (FAO) held the second steering committee meeting of the Project for Assistance to Recovery and Development of Agricultural Economy in FATA here on Monday. Ms. Anjum Assad Amin, Additional Secretary Economic Affairs Division (EAD), Muhammad Tahir, Deputy Secretary EAD, Yousaf Rahim, Additional… Continue reading Meeting of Project for Assistance to recovery and development of Agricultural Economy in FATA held

ISLAMABAD, May 9 (APP): A delegation of Italian investors Monday visited Islamabad Chamber of Commerce and Industry and showed keen interest to invest in Pakistan’s construction sector for constructing solar power based energy efficient residential, industrial and commercial buildings. The delegation representing M/s. Natali Construction Company of Italy, led by Dr. Fabrizio Fava and Giacoma Natali was… Continue reading Italian investors keen to invest in Pakistan’s construction sector

ISLAMABAD, May 8 (APP): The import of mobile phones into the country witnessed an increase of 6.25 per cent in first nine months (July-March) of the year 2015-16 as compared to same period of last year. The mobile phone imports during first nine months of current fiscal year rose to US $573.284 million from $539.581 million in the same period… Continue reading Mobile phone imports up 6.25% in 9 months

ISLAMABAD, May 8 (APP): United International Business Group on Sunday said a Free Trade Agreement (FTA) with Iran was in the interest of Pakistan. Electricity and gas import from Iran will boost economic activities in Pakistan, so there is need to consid importing five thousand megawatt electricity from Tehran, said Mian Shahid Chairman of the Group in a statement here… Continue reading ‘FTA with Iran in the interest of Pakistan’