Category: Business

Business news from Pakistan

Domestic wheat production grew by 5.4%, 29.69 mln tons output estimated during current season

ISLAMABAD, Apr 25 (APP):The Federal Committee on Agriculture (FCA) was informed on Thursday that wheat production in the country during the current season (2023–24) grew by 5.4 percent as compared to the output of the corresponding period of the last year. The FCA met here with Minister for National Food Security and Research Rana Tanveer… Continue reading Domestic wheat production grew by 5.4%, 29.69 mln tons output estimated during current season

Shipping activity at Port Qasim

KARACHI, Apr 25 (APP):Shipping activity was report at the port where nine ships namely, San Francisco, Atlantic Ibis, Marathapolis, MSC Sindy, Sea Pearl, Aisa Liberty, Hansa Oslo, Bateleur and Limra carrying Container, Fertilizer, Palm oil, Gas oil and LPG, berthed at Container Terminal, Grain Terminal, Liquid Terminal, Oil Terminal, Engro Terminal and Gas Terminal respectively… Continue reading Shipping activity at Port Qasim

ADB operations reach $23.6 bln in 2023, achieve record climate finance

ISLAMABAD, Apr 25 (APP):The Asian Development Bank (ADB) committed $23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development. These figures are among the financial and operational results published on Thursday in ADB’s Annual Report 2023. The report summarizes how ADB… Continue reading ADB operations reach $23.6 bln in 2023, achieve record climate finance

IDEA, TEVTA organizes Job Fair for youth

PESHAWAR, Apr 24 (APP): Initiative for Development and Empowerment Axis (IDEA) in collaboration with Khyber Pakhtunkhwa Technical Education and Vocational Training Authority (TEVTA) organized a Job Fair here at Government Technical & Vocational Centre for Boys Gulbahar on Wednesday. About 30 companies of various sectors of the country including Pepsi, KPBoIT, Durshal, Toyota, Honda, Fixit,… Continue reading IDEA, TEVTA organizes Job Fair for youth

Jam Kamal leads efforts to enhance IT Capacity for trade monitoring

ISLAMABAD, Apr 24 (APP): Federal Minister for Commerce, Jam Kamal Khan on Wednesday chaired a meeting to assess the effectiveness and sufficiency of the Information Technology (IT) infrastructure of the Ministry of Commerce (MOC). The meeting was deliberated the current IT capabilities of the ministry, particularly in monitoring trade activities, international imports and exports, remittances,… Continue reading Jam Kamal leads efforts to enhance IT Capacity for trade monitoring

SECP pushes adoption of IFRS 17 by Insurance sector

ISLAMABAD, Apr 24 (APP): The Institute of Chartered Accountants of Pakistan (ICAP) held a seminar in collaboration with the Asian Oceanian Standard Setters Group, on IFRS 17 implementation in Karachi on April 23, 2024. Commissioner of Insurance, Aamir Khan while delivering the keynote address apprised the participants that the adoption of international reporting standards and… Continue reading SECP pushes adoption of IFRS 17 by Insurance sector

PSX turns bullish, gains 692 more points

ISLAMABAD, Apr 24 (APP): The 100-Index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 692.49 points, a positive change of 0.97 percent, closing at 72,051.89 points against 71,359.41 points the previous trading day. A total of 599,401,643 shares valuing Rs.24.459 billion were traded during the day as compared to 655,935,508… Continue reading PSX turns bullish, gains 692 more points

LCCI for deferment of SROs hurting businesses

LAHORE, Apr 24 (APP): The Lahore Chamber of Commerce and Industry (LCCI) has sought the government’s help for deferment of amendments that are bound to bring businesses to a halt. A LCCI spokesman told media here Wednesday that in a letter to Prime Minister Shehbaz Sharif, LCCI President Kashif Anwar attracted his attention towards recently… Continue reading LCCI for deferment of SROs hurting businesses

RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln

ISLAMABAD, Apr 24 (APP): In a historic achievement, the Regional Tax Office (RTO) Peshawar Inland Revenue Enforcement Network (IREN) team has seized 1,869 packerites of non-duty/non-TTS cigarettes, of around Rs 162.6 million, during a raid at a warehouse located at Yar Hussain, Swabi. Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana and Member… Continue reading RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln

Three schemes approved

LAHORE, Apr 24 (APP):The Provincial Development Working Party, Punjab (PDWP) in its 50th meeting of current financial year (2023-24) here on Wednesday approved three development schemes with an estimated cost of Rs 4697.219 million. The meeting was presided over by P&D Board Chairman Barrister Nabeel Ahmad Awan which approved the following schemes: CM Plants for… Continue reading Three schemes approved

PCJCCI keen to boost Peach industry in Swat

LAHORE, Apr 24 (APP): Peach of Swat is one of the most famous fruit of Pakistan, the mango may be Pakistan’s preferred fruit heavyweight, but the peach is no slouch either, at least in the country’s northern and northwestern regions. Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) President Moazzam Ghurki, President expressed these… Continue reading PCJCCI keen to boost Peach industry in Swat

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