Category: Business

Business news from Pakistan

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

Pakistan to follow Chinese model of economic Development: Ahsan Iqbal

ISLAMABAD: August 18 - Minister for Planning and Development Professor Ahsan Iqbal addressing the audience at SDPIs event on CPEC Green Development High Level Dialogue. APP

ISLAMABAD, Aug 18 (APP):Federal Minister for Planning Development and Special Initiatives, Professor Ahsan Iqbal on Thursday said Pakistan would follow the Chinese model of economic development, which he said was a miracle of modern times. According to the Chinese, modern economic development is possible only with the continuation of political stability, social solidarity and economic… Continue reading Pakistan to follow Chinese model of economic Development: Ahsan Iqbal

Exports up by 32.49 per cent to Rs.494.7 billion in July

ISLAMABAD, Aug 18 (APP):The exports from the country in rupee term witnessed an increase of 32.49 per cent during the first month of current fiscal year (2022-23) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July 2022 were recorded at Rs. Rs.494,720 million as against… Continue reading Exports up by 32.49 per cent to Rs.494.7 billion in July

Ahsan reviews CPEC projects, preparation for upcoming JCC

ISLAMABAD, Aug 17 (APP): Federal Minister for Planning Development & Special Initiatives Professor Ahsan Iqbal on Wednesday reviewed the progress of CPEC projects and preparation for the next Joint Cooperation Committee (JCC) meeting. The meeting was attended by the Secretary Planning Commission, Secretary Communication, Executive Director CPEC and representatives from various ministries. During the meeting,… Continue reading Ahsan reviews CPEC projects, preparation for upcoming JCC

Miftah terms self-reliance, export promotion as pre-requisites for progress

Federal Minister for Finance and Revenue, Miftah Ismail addressing 'Leaders in Islamabad- Business Summit 2022'.

ISLAMABAD, Aug 17 (APP):Federal Minister for Finance and Revenue, Miftah Ismail here on Wednesday highlighted that self-reliance, export promotion, farm productivity enhancement and educating children were four basic principles to lead the country towards growth and development. Addressing the “Leaders in Islamabad Business Summit” here the minister said Pakistan was not at the place where… Continue reading Miftah terms self-reliance, export promotion as pre-requisites for progress

Textile exports up by 0.67% in July

ISLAMABAD, Aug 16 (APP):The exports of textile commodities increased by 0.67 percent during the first month of the current fiscal year as compared to the corresponding month of last year. The textile exports were recorded at $1,481.021 million in July 2022 against the exports of $1,471.185 million in July 2021, showing growth of 0.67 percent,… Continue reading Textile exports up by 0.67% in July

IMF loan disbursement to start by August end: Miftah

ISLAMABAD, AUGUST 16 (APP): Federal Minter for Finance, Miftah Ismail said here on Tuesday that loan disbursements under the Extended Fund Facility (EFF) would start by the end of this month as the International Monetary Fund (IMF) board is expected to meet on August 29. Addressing a press conference, the minister said that Islamabad had… Continue reading IMF loan disbursement to start by August end: Miftah

PSX stays bullish, gains 764 points

ISLAMABAD, AUGUST 15 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 764.25 points, a positive change of 1.78 percent, closing at 43,621.82 points against 42,857.57 points on the last working day. A total of 541,548,244 shares were traded during the day compared to the trade of 373,855,747… Continue reading PSX stays bullish, gains 764 points

PIDE study advocates growth-oriented focus to ensure sustainability

ISLAMABAD, Aug 15 (APP): Pakistan Institute of Development Economics (PIDE) in its recent research study has highlighted the importance of focusing on growth with special focus on investment, productivity and exports. According to the ‘One Year Growth Strategy for Pakistan’ launched to mark country’s 75th anniversary of independence says that historically the country had been… Continue reading PIDE study advocates growth-oriented focus to ensure sustainability

Weekly inflation goes down by 0.08 percent

ISLAMABAD, Aug 15 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on August 11 for the combined consumption group, witnessed a decrease of 0.08 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 209.01 points against 209.17… Continue reading Weekly inflation goes down by 0.08 percent

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