Category: Business

Business news from Pakistan

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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Revenues grow by 28.4% to Rs5.3 trillion in 11 months

ISLAMABAD, MAY 31 (APP): The revenue collection by Federal Board of Revenue (FBR) witnessed growth of 28.4 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year, FBR reported Tuesday. According to provisional figures released by the board, the net revenue collection grew to Rs.… Continue reading Revenues grow by 28.4% to Rs5.3 trillion in 11 months

WIFF-22 ends on asserting promotion of Islamic values for Islamic economy

KARACHI, May 31 (APP):Speakers Tuesday on the concluding day of World Islamic Finance Forum (WIFF-2022) emphasized on promoting Islamic social values for conversion of conventional finance system and the economy to a true Islamic ones, along with making required legislation, coming with revised financial policies and restructuring of financial institutions. The forum was organized by… Continue reading WIFF-22 ends on asserting promotion of Islamic values for Islamic economy

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Gov’t keeps petroleum prices unchanged

  ISLAMABAD, MAY 31 (APP): The government on Tuesday decided to keep the prices of petroleum products unchanged with an aim to provide relief to the consumers, despite revenue losses due to rising petroleum prices globally.   “With a view to provide maximum relief to the consumers, the Prime Minister of Pakistan has directed that… Continue reading Gov’t keeps petroleum prices unchanged

Business leaders, diplomats call for active role of women in economic activity

ISLAMABAD, May 31 (APP):Business leaders and diplomats Tuesday laid stress on the role of women for the social, economic, and political development and called on the authorities concerned to take necessary measures for empowering women, especially those residing in the rural areas of the country. They were speaking at a conference organized by Faisalabad Women’s… Continue reading Business leaders, diplomats call for active role of women in economic activity

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Gwadar Port development imperative for regional progress: Miftah

ISLAMABAD, MAY 31(APP): Federal Minister for Finance and Revenue, Miftah Ismail here on Tuesday termed the development of Gwadar Port and Gwadar Free Zone area as important node of China Pakistan Economic Corridor (CPEC), having huge potential for economic development and progress of the region. The minister was talking to Chairman China Overseas Ports Holding… Continue reading Gwadar Port development imperative for regional progress: Miftah

Macroeconomic stability is top priority of PML-N Government: Miftah Ismail

ISLAMABAD: May 30 - Federal Minister for Finance and Revenue Miftah Ismail held a meeting with Delegation of Businessman at Finance Division. APP

ISLAMABAD, May 30 (APP): Federal Minister for Finance and Revenue Miftah Ismail Monday said that his government’s top priority is macroeconomic stability and the focus is on to ensure financial discipline through effective and welfare policies to achieve the economic growth level. According to the press release, he was attending a meeting with delegation of… Continue reading Macroeconomic stability is top priority of PML-N Government: Miftah Ismail

PSX stays bullish, gains 178 points to close at 43,040 points

ISLAMABAD, May 30 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Monday, gaining 178.69 points, with a positive change of 0.42 percent, closing at 43,040.14 points against 42,861.45 points on the last working day. A total of 187,471,668 shares were traded during the day compared to the trade of… Continue reading PSX stays bullish, gains 178 points to close at 43,040 points

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SECP Chairman suggests high-level Steering Committee to chart effective roadmap for promotion of Islamic finance

ISLAMABAD, May 30 (APP): Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan on Monday suggested for establishment of a high-level Steering Committee tasked with charting an effective roadmap for the future, encompassing all touch points of Islamic finance ecosystem, to promote Islamic finance in the country. He made this suggestion in his keynote… Continue reading SECP Chairman suggests high-level Steering Committee to chart effective roadmap for promotion of Islamic finance

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Fiscal deficit recorded at 3.8% in 3 quarters

ISLAMABAD, May 30 (APP):The country’s fiscal deficit was recorded at 3.8 percent of the Gross Domestic Product (GDP) during the first three quarters of the current fiscal year compared to the 3 percent deficit recorded during the corresponding period of last year. The deficit during July-March (2021-22) stood at Rs 2,565.6 billion compared to the… Continue reading Fiscal deficit recorded at 3.8% in 3 quarters

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Govt planning many solar projects: Dastgir

LAHORE, May 30 (APP):Federal Minister for Energy Khurram Dastgir Khan on Monday expressed his interest in the solar energy projects. During his visit to NESPAK House to have an overview of NESPAK (National Engineering Services Pakistan), he added that the government was planning a number of projects in the solar energy sector in the coming… Continue reading Govt planning many solar projects: Dastgir

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