Category: Business

Business news from Pakistan

Pakistan sign ‘Debt Service Suspension Agreements’ of $197.49 million

APP07-150622 ISLAMABAD: June 15 - Federal Minister for Economic Affairs, Sardar Ayaz Sadiq witnesses the signing of the G-20 DSSI agreement with JICA (Japan). APP photo by Saleem Rana

ISLAMABAD, Jun 15 (APP):Pakistan has signed two ‘Debt Service Suspension Agreements’ on Wednesday amounting to suspension of loans worth USD 197.49 million, under the G-20 Debt Service Suspension Initiative (DSSI) frameworks. According to the press release, the government of Pakistan has signed agreements with the Japan International Cooperation Agency (JICA) and the government of the… Continue reading Pakistan sign ‘Debt Service Suspension Agreements’ of $197.49 million

WB signs agreement of US$ 85 million for PHFP

ISLAMABAD, Jun 15 (APP): Pakistan and the World Bank (WB) on Wednesday signed the agreement worth of US$ 85 million for a house finance project to benefit the low- and middle-income households in Pakistan. The Federal Minister for Economic Affairs, Sardar Ayaz Sadiq witnessed the signing ceremony of agreements of “Pakistan Housing Finance Project” (PHFP)… Continue reading WB signs agreement of US$ 85 million for PHFP

Budget deficit big challenge for government: Miftah Ismail

Islamabad: Federal Ministet for Finance and Revenue Mr. Miftah Ismail addressing National Budget Conference- 2022-23 organized by Mir Khalil ur Rehman Memorial Society in collaboration with ICMA. ( 14-06-2022).

ISLAMABAD, Jun 14 (APP):Federal Minister for Finance and Revenue, Miftah Ismail on Tuesday said that dealing with budget deficit is a big challenge for the government and the government has formulated its strategy in this regard. The Minister said that the previous Pakistan Tehreek-e-Insaf (PTI) government had taken record loans in the history of the… Continue reading Budget deficit big challenge for government: Miftah Ismail

Pakistan seeks resumption of Indonesian Palm Oil export to Pakistan

ISLAMABAD, Jun 14 (APP):Pakistan on Tuesday asked Indonesia to resume palm oil supply to Pakistan and Indonesian assured Pakistan to restore palm oil as soon as possible. Due to the Minister’s personal intervention, two shipments of Palm Oil carrying 30,000 and 27,000 would leave for Pakistan. Another 8 shipments are expected to reach Karachi before… Continue reading Pakistan seeks resumption of Indonesian Palm Oil export to Pakistan

Published
Categorized as Business

Italy to invest €1.5 million for olive cultivation in Pakistan: Italian Ambassador

ISLAMABAD, Jun 14 (APP): Ambassador of Italy to Pakistan Andreas Ferrarese on Tuesday said that Italy was investing in a project worth €1.5 million for olive cultivation and growth in Pakistan. The Ambassador said that Italy had always played a vital role in helping Pakistan to develop olive cultivation and technical expertise. The “Olive Culture”… Continue reading Italy to invest €1.5 million for olive cultivation in Pakistan: Italian Ambassador

Italy becomes a ‘Billion Dollar’ export market for Pakistan

ISLAMABAD, Jun 14 (APP): At a time when Pakistan’s economy is struggling with ever widening trade deficit, some of our export markets are displaying exceptional growth. Italy is among the countries where Pakistan’s exports have been rising phenomenally despite the tough market conditions caused by the COVID health emergency, said a statement issued here on… Continue reading Italy becomes a ‘Billion Dollar’ export market for Pakistan

Published
Categorized as Business

Shipping Activity at Port Qasim

KARACHI, Jun 14 (APP):Four ships namely, Berge Annupuri, Lady Maraguax, MilahaRasLaffan and Kotor Bay scheduled to load/offload Rice, Chemical, LNG and Containers, berthed at Multi Purpose Terminal, EngroVopak Terminal, EngroElengy Terminal and Qasim International Container Terminal respectively on Monday. Meanwhile two more ships, G Bright and Sti Bronx carrying Chemical and Gas oil also arrived… Continue reading Shipping Activity at Port Qasim

Published
Categorized as Business

EXCHANGE RATES FOR CURRENCY NOTES

KARACHI, Jun 14 (APP):CURRENCY SELLING BUYING USD 206.39 201.81GBP 251.30 245.67EUR 215.22 210.84 JPY 1.5340 1.4998SAR 55.08 53.72AED 56.21 55.30 LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDSLIBOR 1M 1.28214LIBOR 3M 1.74471LIBOR 6M 2.31157 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/15 DAYS 1M 2M 3M 4M 5M 6M USD 202.79 201.75 199.77 197.94 196.41 195.03… Continue reading EXCHANGE RATES FOR CURRENCY NOTES

Published
Categorized as Business

Currency rates of NBP

KARACHI, Jun 14 (APP):Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan(NBP), here on Tuesday. CURRENCY SELLING BUYINGUSD 206.39 201.81GBP 251.30 245.67EUR 215.22 210.84 JPY 1.5340 1.4998SAR 55.08 53.72AED 56.51 55.30

Published
Categorized as Business

NBP Exchange Rates

KARACHI, Jun 14 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 204.35 203.85EURO EUR 213.50 212.98 JAPANESE YEN JPY 1.5188 1.5151BRITISH POUND GBP 248.81 248.20 SWISS FRANC CHF 205.26 204.75CANADIAN DOLLAR CAD 158.61 158.22 AUSTRALIAN DOLAR AUD 142.22 141.88SWEDISH… Continue reading NBP Exchange Rates

Published
Categorized as Business

ECC extends relief package, approves infrastructure projects, supplementary grants

APP70-130622 ISLAMABAD: June 13 – Federal Minister for Finance and Revenue Miftah Ismail presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division. APP

ISLAMABAD, Jun 13 (APP):The Economic Coordination Committee (ECC) of the Cabinet here on Monday approved extension in the Prime Minister’s Relief Package besides approving infrastructure projects and many supplementary grants for various ministries and divisions. The meeting of ECC was chaired by Federal Minister for Finance and Revenue, Miftah Ismail. It was attended by Minister… Continue reading ECC extends relief package, approves infrastructure projects, supplementary grants

Pakistan, ADB discuss Country Partnership Strategy

Islamabad: Federal Minister for Finance and Revenue Mr. Miftah Ismail held a meeting with Mr. Eugene Zhukov, Director General, Asian Development Bank at Finance Division - 13-06-2022

ISLAMABAD, Jun 13 (APP):Director General, Asian Development Bank (ADB), Eugene Zhukov here on Monday apprised the Federal Minister for Finance and Revenue, Miftah Ismail about the Country Partnership Strategy for Pakistan 2021-25, which is aligned with the government’s development vision. He was talking to finance minister during a meeting, which among others were also attended… Continue reading Pakistan, ADB discuss Country Partnership Strategy

Strategy evolved to modernize agriculture for higher growth

ISLAMABAD, Jun 13 (APP):The government has devised a comprehensive plan for agriculture Modernization to enhance agriculture productivity on modern lines and help promote overall economic growth of the country. The National Action Plan specially has focus on capacity building, germplasm resources, agricultural product processing, agricultural technology extension, fishery science and technology, aquaculture, and aquatic product… Continue reading Strategy evolved to modernize agriculture for higher growth

EXCHANGE RATES FOR CURRENCY NOTES

KARACHI, Jun 13 (APP):(13-06-22) CURRENCY SELLING BUYINGUSD 205.33 200.77GBP 258.08 252.33 EUR 219.39 214.92JPY 1.5432 1.5089 SAR 54.81 53.46AED 55.92 55.02 LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDSLIBOR 1M 1.15971LIBOR 3M 1.66500LIBOR 6M 2.18800 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/15 DAYS 1M 2M 3M 4M 5M 6M USD 202.30 201.83 200.79 199.46 198.42… Continue reading EXCHANGE RATES FOR CURRENCY NOTES

Published
Categorized as Business

NBP Exchange Rates

KARACHI, Jun 13 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 203.30 202.80EURO EUR 217.63 217.09 JAPANESE YEN JPY 1.5279 1.4242BRITISH POUND GBP 255.52 254.90SWISS FRANC CHF 208.60 208.09 CANADIAN DOLLAR CAD 162.02 161.63AUSTRALIAN DOLAR AUD 146.41 146.05SWEDISH KRONA… Continue reading NBP Exchange Rates

Published
Categorized as Business

Serving the nation since 1947 by providing an accurate, objective, uninterrupted flow of news to the people, the national news service is pursuing a comprehensive strategy to transform the existing news operations into a forward-looking service – APP Digital for its diverse subscriber-base and the public.

Follow Us

APP Services