Category: Business

Business news from Pakistan

Pakistan earns US $809m by exporting transport services during FY 2022

ISLAMABAD, Aug 22 (APP): Pakistan earned US $809.740 million by providing different transport services in various countries during the twelve months of fiscal year (2021-22) as compared to the corresponding period last year. This shows growth of 48.84 percent as compared to US $544.040 million earned through provision of services during the corresponding period of… Continue reading Pakistan earns US $809m by exporting transport services during FY 2022

Engineering industry plays a key role in economic growth, development: Governor Punjab

ISLAMABAD, Aug 20 (APP):Governor Punjab Baligh Ur Rehman Saturday said that engineering industry played a key role in economic growth and development besides significantly improving the life of people. Talking to a delegation of industrialists led by Coordinator to Federal Tax Ombudsman Meher Kashif Younis in Lahore, the governor said that the industry had important… Continue reading Engineering industry plays a key role in economic growth, development: Governor Punjab

Goods stuck at ports to be gradually released: Miftah Ismail

ISLAMABAD, Aug 20 (APP):Federal Minister for Finance and Revenue Dr Miftah Ismail Saturday said the goods stuck at the ports would be gradually released with penalty surcharge. “To meet with our international obligations, the government has issued an SRO to reverse the ban on imports of luxury items. The goods stuck at the ports will… Continue reading Goods stuck at ports to be gradually released: Miftah Ismail

Pak-Kyrgyzstan agree to enhance regional economic trade integration

ISLAMABAD, Aug 19 (APP):Pakistan and Kyrgyzstan on Friday agreed to enhance the economic and trade cooperation and increase the regional connectivity to provide regional economic and trade integration with Central Asian States. Deputy Minister of Foreign Affairs of Kyrgyzstan, Aibek Artykbaev on Friday called on Federal Minister for Commerce and Investment, Syed Naveed Qamar, said… Continue reading Pak-Kyrgyzstan agree to enhance regional economic trade integration

Qatar keen to invest in Pakistan: Envoy

ISLAMABAD, Aug 19 (APP):Ambassador of the State of Qatar Sheikh Sauod bin Abdulrahman bin Faisal Al-Thani Friday called on the Federal Minister for Finance & Revenue, Miftah Ismail here and discussed with him matters of mutual interests. The Finance Minister welcomed the Ambassador of Qatar and highlighted about the long-standing mutual ties between Pakistan and… Continue reading Qatar keen to invest in Pakistan: Envoy

Pakistan launches National Priority Sectors Export Strategy

APP06-190822 ISLAMABAD: August 19– Federal Minister for Commerce Syed Naveed Qamar addressing at a launching ceremony of the National Priority Sectors Export Strategy at local hotel in Federal Capital. APP Photo by Umar Qayyum

ISLAMABAD, Aug 19 (APP): The Ministry of Commerce and the Trade Development Authority of Pakistan (TDAP) today unveiled a comprehensive National Priority Sectors Export Strategy (NPSES) for Pakistan to achieve the country’s ambition of growing its trade. It was launched by the Federal Minister for Commerce, Syed Naveed Qamar.The five-year (2023-2027) sector strategies are the… Continue reading Pakistan launches National Priority Sectors Export Strategy

ECC excludes third party access for establishing new LNG terminals

Federal Minister for Finance and Revenue, Miftah Ismail presiding over the meeting of the Economic Coordination Committee (ECC)

ISLAMABAD, Aug 19 (APP): The Economic Coordination Committee (ECC) of the Cabinet at Finance Division here on Friday approved the proposal to exclude new Liquefied Natural Gas (LNG) terminals and associated facilities from application of Third Party Access (TPA) and allowed amendment in article 6.2(a) of LNG policy, 2011. According to press statement issued by… Continue reading ECC excludes third party access for establishing new LNG terminals

Govt appoints Jameel Ahmad as Governor SBP

ISLAMABAD, Aug 19 (APP): The Federal Government on Friday appointed Jameel Ahmad as Governor Sate Bank of Pakistan (SBP) for five (5) years with immediate effect. “Jameel Ahmad is appointed as Governor State Bank of Pakistan for term of five (5) years with the approval of the President of Pakistan, upon the recommendations of federal… Continue reading Govt appoints Jameel Ahmad as Governor SBP

Syed Murtaza urges OEMs to reduce prices of vehicles

ISLAMABAD, Aug 18 (APP): Minister for Industries and Production, Syed Murtaza Mehmood Thursday asked the OEMs to reduce prices of vehicles in view of decline in US dollar vis-a-vis Pak Rupee. He expressed these views while chairing meeting of Auto Industry Development and Export Policy here on other day, said a press release issued here.… Continue reading Syed Murtaza urges OEMs to reduce prices of vehicles

Textile sector to be provided all possible support to boost exports: Miftah

Federal Minister for Finance and Revenue Mr. Miftah Ismail held a meeting with representatives from APTMA at Finance Division – 18-08-2022.

ISLAMABAD, Aug 18 (APP):Federal Minister for Finance and Revenue Miftah Ismail Thursday said the government would provide all possible support to the textile sector to boost the country’s exports. This, he said during a meeting with representatives of All Pakistan Textile Mills Association (APTMA) here. Patron-In-Chief APTMA Dr. Gohar Ejaz, Chairman APTMA Abdul Rahim Nasir,… Continue reading Textile sector to be provided all possible support to boost exports: Miftah

Pak-Iran FTA to be finalized in coming six months: Naveed Qamar

APP46-180822 ISLAMABAD: August 18 - Federal Minister for Commerce, Syed Naveed Qamar addressing a press conference along with Iranian Road & Urban Development Minister Rostam Gasemi at 21st session of Pakistan-Iran Joint Economic Commission (JEC). APP photo by Saleem Rana

ISLAMABAD, Aug 18 (APP):Federal Minister for Commerce, Syed Naveed Qamar Thursday said that Iran and Pakistan would give final shape to the proposed bilateral Free Trade Agreement (FTA) in the coming six months. After signing the FTA between the two countries, free trade would increase and the volume of bilateral trade would reach $4 billion,… Continue reading Pak-Iran FTA to be finalized in coming six months: Naveed Qamar

SECP introduces digital-only insurers and microinsurers

ISLAMABAD, Aug 18 (APP):The Securities and Exchange Commission of Pakistan (SECP) Thursday introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant provision of services. In this regard, amendments to the Insurance Rules, 2017 have been notified vide SRO 1513(I)/2022, said a press release issued here.… Continue reading SECP introduces digital-only insurers and microinsurers

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Govt lifts import ban on non-essential, luxury goods

Finance Minister, Miftah Ismail addressing a press conference along with Coordinator to the PM on economy, Bilal Azhar Kayani and Coordinator to the PM on Commerce & Industry, Rana Ihsan Afzal

“It is requirement of international community that there should be no ban so we are lifting ban on all products. But simultaneously the duties I am going to impose would not let these commodities to enter into Pakistan as finished goods,” the minister said while addressing a press conference. The minister said RDs would be… Continue reading Govt lifts import ban on non-essential, luxury goods

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