Category: Business

Business news from Pakistan

Kerb currency market

KARACHI, Nov 28 (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATEU.S $ (Inter Bank) 224.00 224.40U.S $ (Cash Free Market) 228.75 231.00 SAUDIA RIYAL 63.00 63.63UAE DIRHAM 65.00 65.65EURO 245.50 248.00 UK POUND 285.00 288.00JAPANI… Continue reading Kerb currency market

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Delegation of leather industry headed by CEO, NPO leaves for Indonesia on Sunday

ISLAMABAD, Nov 27 (APP):An 11- member delegation headed by the Chief Executive Officer (CEO), of the National Productivity organization (NPO), an attached department of the ministry of industries and production, Muhammad Alamgir Chaudhry has left for Indonesia here on Sunday for exploring business opportunities for the Pakistani leather sector. The delegation is comprising of leather… Continue reading Delegation of leather industry headed by CEO, NPO leaves for Indonesia on Sunday

Govt authorizes disbursement of Rs 241 bn under PSDP

ISLAMABAD, Nov 27 (APP):The Federal Government has authorized the utilization of development funds amounting to Rs 241.26 billion out of total allocation of Rs 727 billion for various ongoing and new social sector uplift projects of the federal ministries and division in first four months (July-October) of fiscal year 2022-23 under its Public Sector Development… Continue reading Govt authorizes disbursement of Rs 241 bn under PSDP

PFC to take part in single-country expo in South Africa on 1st Dec

ISLAMABAD, Nov 27 (APP):Pakistan Furniture Council (PFC ) will take part in a single-country expo in South Africa starting on 1st December to discover business opportunities and explore new market access for Pakistani products. PFC Chief Executive Officer Mian Kashif Ashfaq, while talking to a delegation of industrialists led by CEO of Marvel Cables Ch… Continue reading PFC to take part in single-country expo in South Africa on 1st Dec

Dar chairs meeting of Apex Committee on Reko Diq Project

ISLAMABAD, Nov 26 (APP): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar here on Saturday chaired a meeting of Apex Committee on Reko Diq Project to review the progress on implementation of agreed steps for completion of the Reko Diq arrangement. The Finance Minister highlighted the importance of early completion of the remaining… Continue reading Dar chairs meeting of Apex Committee on Reko Diq Project

Bloomberg pitches Pakistan’s default probability at low of 10%: Dar

ISLAMABAD, Nov 25 (APP):  Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said here Friday that Bloomberg has pitched Pakistan’s one year probability of default at a low of 10 percent. In a tweet, the minister said the default probability was quite opposed to a highly dubious number of 93 percent circulated by… Continue reading Bloomberg pitches Pakistan’s default probability at low of 10%: Dar

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Dar chairs meeting of Special Committee on ‘Qaumi Sehat Card’

ISLAMABAD, Nov 25 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Friday chaired a meeting of the Special Committee constituted by Prime Minister on ‘Qaumi Sehat Card/Sehat Sahulat Program’. Federal Minister for National Health, Services, Regulations and Coordination Abdul Qadir Patel, Minister for Planning, Development and Special Initiatives Ahsan Iqbal, SAPM on Finance… Continue reading Dar chairs meeting of Special Committee on ‘Qaumi Sehat Card’

JICA’s Ito Teruyuki calls on Ayaz Sadiq

ISLAMABAD: November 25 – Mr. Ito Teruyuki, Director General of South Asia Department, Japan International Cooperation Agency (JICA) calls on Federal Minister for Economic Affairs, Sardar Ayaz Sadiq at Ministry of Economic Affairs in Federal Capital. APP

ISLAMABAD, Nov 25 (APP):Director General of South Asia Department, Japan International Cooperation Agency (JICA), Ito Teruyuki held a meeting with Federal Minister for Economic Affairs Sardar Ayaz Sadiq. They discussed matters of mutual interest, including future possible cooperation to strengthen the relationship between the two countries. DG (JICA) was accompanied by Yasumitu Kinoshita, Chief Representative… Continue reading JICA’s Ito Teruyuki calls on Ayaz Sadiq

SCCI delegation meets Dar

ISLAMABAD: November 25 – Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar joint meeting with delegation of Sialkot Chamber of Commerce & Industry led by Minister of Defence Khawaja Muhammad Asif along with President Sialkot Chamber of Commerce Mr. Abdul Ghafoor Malik at Finance Division in Federal Capital. APP

ISLAMABAD, Nov 25 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Friday held a meeting with delegation of Sialkot Chamber of Commerce Industry (SCCI) led by Minister of Defence Khawaja Muhammad Asif along with President SCCI Abdul Ghafoor Malik. SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mahmood Pasha, Finance Secretary and… Continue reading SCCI delegation meets Dar

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PSX gains 33 points

ISLAMABAD, Nov 25 (APP): The 100-index of the Pakistan Stock Exchange (PSX) gained 33.08 points on Friday, depicting a nominal positive change of 0.08 percent, closing at 42936.73 against 42903.65 points on the previous day. A total of 177,297,274 shares were traded during the day as compared to 153,126,848 shares the previous day, whereas the… Continue reading PSX gains 33 points

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Dar, Chinese Ambassador discuss enhancing of Pak-China relations

ISLAMABAD, Nov 25 (APP): The Finance Minister and Ambassador of the People’s Republic of China, Nong Rong here on Friday discussed enhancing bilateral relations in economic and financial sectors between both the friendly countries. According to press statement issued by finance ministry, the discussion was made during the call on meeting of Chinese Ambassador with… Continue reading Dar, Chinese Ambassador discuss enhancing of Pak-China relations

Development of Balochistan top priority of govt: Ahsan Iqbal

QUETTA: November 24 - Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal addressing at conclusion of conference at BUITEMS. APP

ISLAMABAD, Nov 24 (APP): Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal emphasized the need for investing in higher education to create upward social mobility while reiterating that the government was committed to uplift Balochistan. The minister made these remarks while addressing 36th AGM of the Pakistan Society of Development Economists (PSDE) held… Continue reading Development of Balochistan top priority of govt: Ahsan Iqbal

PSX gains 23 points

ISLAMABAD, Nov 24 (APP):The 100-index of the Pakistan Stock Exchange (PSX) gained 23.34 points on Thursday, depicting a nominal positive change of 0.05 percent, closing at 42903.65 against 42880.31 points on the previous day. A total of 153,126,848 shares were traded during the day as compared to 138,573,519 shares the previous day, whereas the price… Continue reading PSX gains 23 points

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