Category: Business

Business news from Pakistan

Exports surge by 27.78% to $28.8bln in 11 months

ISLAMABAD, Jun 3 (APP):The exports from the country witnessed an increase of 27.78 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. According to PBS data, the exports from the country were recorded at $28.848 billion during… Continue reading Exports surge by 27.78% to $28.8bln in 11 months

Govt takes inevitable decision, raises petroleum prices to strike deal with IMF: Miftah

ISLAMABAD, Jun 02 (APP):Federal Minister for Finance and Revenue Miftah Ismail on Thursday announced increase in petroleum products in line with the agreement signed by the previous government with the International Monetary Fund (IMF). Addressing a press conference, the minister said it was an inevitable decision as the government was also bearing loss of around… Continue reading Govt takes inevitable decision, raises petroleum prices to strike deal with IMF: Miftah

Speakers eulogize media’s role in mitigating propaganda against CPEC

ISLAMABAD, Jun 2 (APP):Speakers here at the 7th CPEC Media Forum, eulogized the role of media in propagating the importance of China Pakistan Economic Corridor project and mitigating the malicious propaganda against it. The 7th CPEC Media Forum titled “Enhance new Media Cooperation to depict the multinational and comprehensive CPEC” was organized by the Paki-China… Continue reading Speakers eulogize media’s role in mitigating propaganda against CPEC

Miftah assures PCGA to resolve their genuine issues

ISLAMABAD, Jun 1 (APP):Federal Minister for Finance and Revenue Miftah Ismail on Wednesday assured Pakistan Cotton Ginners Association (PCGA) delegation to resolve their genuine issues to keep this sector vibrant and profitable for earning the foreign exchange revenue for the country. According to the press release, the minister met with a delegation of PCGA, comprising… Continue reading Miftah assures PCGA to resolve their genuine issues

Ayaz hails role of UN for global peace, prosperity

ISLAMABAD, Jun 01 (APP):Federal Minister for Economic Affairs Ayaz Sadiq on Wednesday hailed the role of United Nations for maintaining global peace and prosperity. He was talking to United Nations Resident Coordinator (UNRC) Julien Harneis, who called on him at Ministry of Economic Affairs, said a press release. During the meeting, matters of mutual interest… Continue reading Ayaz hails role of UN for global peace, prosperity

NPO launches awareness campaign to achieve competitiveness in national economy

ISLAMABAD, Jun 1 (APP):The National Productivity Organization (NPO) launched mass awareness campaigns involving general people and targeted groups aimed at identifying and analyzing productivity gaps to achieve competitiveness in national economy. The session was organized by the NPO in collaboration with Private Education Institutes Regulatory Authority (PEIRA) at Headstart School here on Wednesday. President Islamabad… Continue reading NPO launches awareness campaign to achieve competitiveness in national economy

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LCCI delegation leaves for UK to attend exhibition

LAHORE, Jun 01 (APP):The Lahore Chamber of Commerce and Industry (LCCI) is holding a mega exhibition ‘Zouq-e-Hunar -II’ in collaboration with Rawayat Lifestyle, in London. LCCI Senior Vice President Mian Rehman Aziz Chan, Vice President Haris Ateeq and Chief Executive Officer (CEO) Rawayat Lifestyle Adnan Ansari told the media here at LCCI on Wednesday that… Continue reading LCCI delegation leaves for UK to attend exhibition

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OGDCL carries out 1,426 Line-km 2D, 120 Sq-KM 3D surveys

ISLAMABAD, Jun 1 (APP):Oil and Gas Development Company Limited (OGDCL) has carried out 1,426 Line-km 2D and 120 Square-KM 3D surveys in its various operational areas during the first nine months of the current fiscal year. “The acquired seismic data represents 74% and 15% of total 2D and 3D seismic data acquisition in the country… Continue reading OGDCL carries out 1,426 Line-km 2D, 120 Sq-KM 3D surveys

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PBF for effective economic measures in upcoming federal budget

LAHORE, Jun 01 (APP):Pakistan Businesses Forum (PBF) suggested the government to take effective economic measures including single digit policy rate in the coming federal budget to encourage business activities in the country. Sharing the Forum’s proposals for upcoming federal budget 2022-23 with media men here Wednesday, PBF President Mian Usman Zulfiqar stressed the need for… Continue reading PBF for effective economic measures in upcoming federal budget

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SECP registers 1,906 new companies in May 2022

ISLAMABAD, Jun 1 (APP):The Securities and Exchange Commission of Pakistan (SECP) registered 1,906 new companies in May 2022, raising the total number of registered companies to 169,919. This shows an increase of 19% as compared to corresponding period last year.Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood at Rs3.5… Continue reading SECP registers 1,906 new companies in May 2022

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PCI, SDPI launch ‘Green CPEC Alliance’ for greener, eco-friendly CPEC

ISLAMABAD, Jun 1 (APP):Pakistan-China Institute (PCI), in collaboration with Sustainable Development Policy Institute (SDPI), hosted the launch event and the inception meeting of the first-of-its-kind “Green China Pakistan Economic Corridor (CPEC) Alliance”. The goal of the establishment of the Green CPEC Alliance with members from both countries’ governments, investors, as well as civil society, and… Continue reading PCI, SDPI launch ‘Green CPEC Alliance’ for greener, eco-friendly CPEC

Pakistan’s development linked to good relations with four strategic partners: Ahsan

ISLAMABAD, Jun 1 (APP):Minister for Planning and Development Ahsan Iqbal Wednesday said Pakistan’s economic development was linked with good relations with its four strategic partners including US, Europe, Gulf States, and China. “If we want to see our country developing fast, we will have to maintain good relations with these countries,” Ahsan Iqbal said while… Continue reading Pakistan’s development linked to good relations with four strategic partners: Ahsan

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