PTI govt on target to create 10 million jobs in five years: Asad Umar

Minister for Planning, Development, and Special Initiatives Asad Umar Friday said the Pakistan Tehreek-i-Insaaf (PTI) government was well on target to create 10 million jobs in five years as per commitment made in its election manifesto. He said in the recent International Labour Organization (ILO) survey, as many as 5.55 million new jobs were created… Continue reading PTI govt on target to create 10 million jobs in five years: Asad Umar

Razak encourages provincial e-commerce councils to formulate effective coordination mechanism

Pakistan exports reach $23.332 billion in last nine months

ISLAMABAD, Mar 31 (APP): Advisor to the Prime Minister on Commerce Abdul Razak Dawood encouraged the provincial e-commerce councils to formulate an effective coordination mechanism to improve the consumer protection regime for improving consumer confidence in online shopping. He said this while chairing the eighth meeting of the National e-Commerce Council (NeCC), said a press… Continue reading Razak encourages provincial e-commerce councils to formulate effective coordination mechanism

Govt keeps POL prices unchanged

ISLAMABAD, MAR 31 (APP): Bearing the additional burden of Rs33 billion, the government on Thursday decided to keep the prices of various petroleum products unchanged for next fortnight. “As per decision of the Prime Minister in the fortnightly review on 28th February, the petroleum product prices will remain unchanged,” finance ministry said in a statement.… Continue reading Govt keeps POL prices unchanged

Revenues grow by 29.1 percent to Rs4.3 trillion in 3 quarters

ISLAMABAD, MAR 31 (APP): The net revenues collection by the Federal Board of Revenue (FBR) increased by 29.1 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, the board reported here on Thursday. According to provisional figures released by the board, FBR collected Rs4,382… Continue reading Revenues grow by 29.1 percent to Rs4.3 trillion in 3 quarters

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Tarin briefed on KPP progress

ISLAMABAD, MAR 31 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin here on Thursday presided over the Steering Committee meeting of Kamyab Pakistan Program (KPP) to review progress of the programme. According to press statement issued by the finance ministry, a detailed presentation was given to the Finance Minister on the KPP progress. He… Continue reading Tarin briefed on KPP progress

Moody’s concerned over no-confidence motion, says it increases pressure on economy

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ISLAMABAD, Mar 31 (APP):The Moody’s, a credit rating agency has raised concerns over No Confidence Motion tabled by the opposition parties in Pakistan against Prime Minister Imran Khan, saying that it would put significant pressure on the country’s economy. “We view the no-confidence motion as credit negative because it raises significant uncertainty over policy continuity,… Continue reading Moody’s concerned over no-confidence motion, says it increases pressure on economy

Lucky Cement Limited announces 34 MW solar power project

APP37-250322 MULTAN: March 25 - A view of solar panels installed in front of Hazrat Shah rukn-e-Alam Shrine. APP photo by Qasim Ghauri

ISLAMABAD, Mar 31 (APP):Lucky Cement Limited and Reon Energy Thursday announced a 34 MW captive solar power project with a 5.589 MWh Reflex energy storage. The project set to be installed at Lucky Cement’s Pezu plant in Khyber Pakhtunkhwa will hold not only Pakistan’s largest on-site captive solar plant but also the largest ever energy… Continue reading Lucky Cement Limited announces 34 MW solar power project

Federal govt disburses development funds of Rs 575.95 billion in 8 months

ISLAMABAD, Mar 31 (APP):The Federal Government has released Rs575.95 billion out of total allocation of Rs834 billion for various ongoing and new social sector uplift projects of the federal ministries and division in first eight months (July-Feb) of fiscal year 2021-22 under its Public Sector Development Programme (PSDP). The government also released Rs4.6 billion for… Continue reading Federal govt disburses development funds of Rs 575.95 billion in 8 months

PSX turns around, gains 591 points to close at 44,928 points

ISLAMABAD, Mar 31 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and witnessed bullish trend, gaining 591.27 points, with a positive change of 1.33 percent, closing at 44,928.83 points against 44,337.56 points on the last working day. A total of 415,634,290 shares were traded during the day compared to the… Continue reading PSX turns around, gains 591 points to close at 44,928 points

Supernet set to raise 475 million through listing at PSX

ISLAMABAD, Mar 31 (APP):Supernet Limited has planned to raise Rs.475 million through the Initial Offering of its 18.81 percent of post-offering share capital. The capital being raised by listing the firm on the GEM Board of the Pakistan Stock Exchange (PSX) will consist of fresh equity of Rs275 million in Supernet and ‘Offer for Sale’… Continue reading Supernet set to raise 475 million through listing at PSX

Pakistani pavilion gets silver award at Expo2020

ISLAMABAD, Mar 31 (APP):Pakistan got Silver Award for the interior design out of 192 pavilions set in Dubai Expo 2020, Commerce Ministry said here Thursday. “An international jury was called to select the best Pavilion at Expo 2020 and Pakistan got Silver Award for interior design out of 192 Pavilions,” the ministry said in a… Continue reading Pakistani pavilion gets silver award at Expo2020

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Currency rates of NBP

KARACHI, Mar 31 (APP):Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYINGUSD 185.03 180.87GBP 242.67 237.20EUR 206.52 202.24 JPY 1.5126 1.4786SAR 49.33 48.20AED 50.39 49.57

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EXCHANGE RATES FOR CURRENCY NOTES

KARACHI, Mar 31 (APP): (31-03-22) CURRENCY SELLING BUYINGUSD 185.03 180.87GBP 242.67 237.20EUR 206.52 202.24 JPY 1.5126 1.4786SAR 49.33 48.20AED 50.39 49.57 LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDSLIBOR 1M 0.45743LIBOR 3M 0.00600LIBOR 6M 1.49971 US DOLLAR Indicative FBR Rates CURRENCY SIGHT/15 DAYS 1M 2M 3M 4M 5M 6M USD 182.57 182.41 182.07 181.33 180.93… Continue reading EXCHANGE RATES FOR CURRENCY NOTES

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NBP Exchange Rates

KARACHI, Mar 31 (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 183.20 182.70EURO EUR 204.84 204.28 JAPANESE YEN JPY 1.4976 1.4936BRITISH POUND GBP 240.26 239.61SWISS FRANC CHF 198.14 197.60 CANADIAN DOLLAR CAD 146.38 145.98AUSTRALIAN DOLAR AUD 137.11 136.74SWEDISH KRONA… Continue reading NBP Exchange Rates

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Foreign exchange rates

KARACHI, Mar 31 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday. CONVERSION RATES FOR 31TH MARCH 2022 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE APRIL 05, 2022 USD 182.6097 GBP 239.6204 EUR 203.1350 JPY 1.4998

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CPEC Karot Hydropower Project hoists its fourth rotor

ISLAMABAD, Mar 30 (APP):The Karot Hydropower Project, the first hydropower project under China Pakistan Economic Corridor (CPEC) achieved a major milestone towards the commercial operation date (COD) as it successfully hoisted its 4th and final rotor at the powerhouse. The rotor is an important component used for the excitation function, which is essential to power… Continue reading CPEC Karot Hydropower Project hoists its fourth rotor

Pakistan earns US $315m from travel services’ export in 7 months

ISLAMABAD, Mar 30 (APP): Pakistan earned US $315.030 million by providing different travel services in various countries during the first seven months of the current financial year 2021-22. This shows the growth of 13.67 percent as compared to the US $277.146 million same services were provided during the corresponding period of the last fiscal year… Continue reading Pakistan earns US $315m from travel services’ export in 7 months

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ECC approves DLTS, gives nod to indigenous gas supply for two urea plants

Federal Minister for Finance and Revenue, Shaukat Tarin presiding over a meeting of Economic Coordination Committee (ECC) of the Cabinet.

ISLAMABAD, Mar 30 (APP): Economic Coordination Committee (ECC) of the Cabinet here on Wednesday approved Drawback of Local Taxes Scheme (DLTS) for the period of five financial years from July 1st 2021 to June 30th, 2026. Federal Minister for Finance and Revenue Shaukat Tarin presided over the ECC meeting which among others was attended by… Continue reading ECC approves DLTS, gives nod to indigenous gas supply for two urea plants

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