LAHORE, Dec 26 (APP): The Lahore Chamber of Commerce and Industry (LCCI) on Saturday welcomed the surprise goodwill visit of Indian Prime Minister Narendra Modi to Pakistan.
Category: Business
Business news from Pakistan
SPI-based weekly inflation eases 0.07%
ISLAMABAD, Dec 25 (APP): The weekly inflation for the week ended on December 23 for the combined income group witnessed decrease of 0.07 percent as compared to the previous week.
Forex reserves reached US$ 21 billion mark
ISLAMABAD, Dec 24 (APP): Due to the prudent economic policies of the incumbent government, the macro-economic indicators were showing resilience and for the first time country’s foreign exchange reserves have reached the historic US$ 21 billion mark.
Pakistan obtains positive results from WTO meeting: Dastagir
ISLAMABAD, Dec 23 (APP): Federal Minister for Trade and Commerce Khurram Dastagir on Wednesday apprised the Senate that Pakistan had obtained positive results for its farmers and agriculture sector at ministerial meeting of the World Trade Organization (WTO) held in Kenya.
Textile units to get uninterrupted gas supply
ISLAMABAD, Dec 23 (APP): Finance Minister, Senator Mohammad Ishaq Dar on Wednesday gave directions for immediate restoration of gas supply to textile units and also called upon officials concerned to try to ensure gas supply during the winter season for optimum production.
Finance Minister chairs meeting with traders
ISLAMABAD, Dec 23 (APP): Finance Minister, Senator Mohammad Ishaq Dar held a meeting with traders and representatives of the business community at the FBR late Tuesday night.
Afghan Ambassador discusses Pak-funded projects with Finance Minister
ISLAMABAD, Dec 22 (APP):Ambassador of Afghanistan to Pakistan, Janan Mosazai called on Finance Minister Senator Mohammad Ishaq Dar here on Tuesday.
Massive foreign investment shows success of Zarb-e-Azab, Karachi operation: LCCI chief
LAHORE, Dec 20 (APP): Lahore Chamber of Commerce and Industry (LCCI) President Sheikh Muhammad Arshad on Sunday said inflow of massive foreign investment in the country showed success of opeeration Zarb-e-Azab by Pakistan Army in tribal areas and Rangers’ operation in Karachi.
ECNEC approves Rs 404 bln for Neelum Jhelum power project
ISLAMABAD, Dec 19 (APP): The Executive Committee of the National Economic Council (ECNEC) approved on Saturday the revised PC-I of Neelum Jhelum hydropower project at a total cost of Rs 404.321 billion. The ECNEC in its meeting chaired by Finance Minister, Senator Mohammad Ishaq Dar here considered and approved proposals in energy, communication and higher… Continue reading ECNEC approves Rs 404 bln for Neelum Jhelum power project
ECC approves $ 200 million equity share for TAPI pipeline project
ISLAMABAD, Dec 18 (APP): The Economic Coordination Committee (ECC) of the Cabinet on Friday accorded approval for $ 200 million equity share of Pakistan for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.
Italian companies keen for investing in automobile sector
ISLAMABAD, Dec 17 (APP): Trade Commissioner of Italy, Riccardo Monti Thursday evinced particular interest in the automobile sector and said as soon as Pakistan announces its auto policy, leading Italian automobile companies including Fiat would visit Pakistan and seek business opportunities.
Foreign exchange rates
KARACHI, Dec 16 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin here on Wednesday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY.
NBP Exchange Rates
KARACHI, Dec 16 (APP): Treasury Management Division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates:
SBP launches 2nd A2F Report to improve financial inclusion
KARACHI, Dec 15 (APP): Governor, State Bank of Pakistan (SBP), Ashraf Mahmood Wathra launched 2nd Access to Finance (A2F) Survey Report-2015 entitled “State of Financial Access and usage in Pakistan” for encouraging all stakeholders (Banks) to improve financial inclusion, at SBP, here on Tuesday.
PAC refers case of imported vehicles irregular procurement to NAB
ISLAMABAD, Dec 14 (APP): The Sub-Committee of the Public Accounts Committee on Monday directed the Secretary Planning and Development Division to refer the case of irregular expenditure on procurement of imported vehicles to the National Accountability Bureau for an inquiry within 15 days. The Committee also asked the NAB to inquire the matter and submit… Continue reading PAC refers case of imported vehicles irregular procurement to NAB
SMEDA to open its regional offices in Gilgit, AJK, FATA
ISLAMABAD, Dec 14 (APP): Small and Medium Enterprise Development Authority (SMEDA) will open its regional offices in Gilgit Baltistan, Azad Kashmir and Federally Administrative Tribal Areas (FATA) in order to extend its out reach to under served areas of the country.
500,000 metric tons sugar to be exported till March next
ISLAMABAD, Dec 14 (APP): An estimated 500,000 metric tons of sugar to be exported in a phased manner till March 31, 2016.
NBP Exchange Rates
KARACHI, Dec 14 (APP): Treasury Management Division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates:
Currency rates of NBP
KARACHI, Dec 14 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP) here on Monday.
NBP Exchange Rates
KARACHI, Dec 11 (APP): Treasury Management Division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates: