ISLAMABAD, Mar 9 (APP):Federal Minister for Finance and Revenue Shaukat Tarin here on Wednesday underlined the need for researching on alternatives to minimize the dependency on imports of palm oil and soyabean. Chairing the National Price Monitoring Committee (NPMC) meeting here, the federal minister also asked for devising a strategic plan for meeting the demand… Continue reading Tarin for alternatives to reduce dependency on edible oil imports
Category: Business
Business news from Pakistan
Tarin hopes 7th review with IMF to succeed despite subsidy on petrol, electricity
ISLAMABAD, Mar 9 (APP):Minister for Finance and Revenue Shaukat Tarin on Wednesday hoped that the ongoing talks over 7th review with the International Monetary Fund (IMF) for release of next tranche would conclude successfully despite huge subsidy on the petroleum products and the electricity announced by by Prime Minister Imran Khan. “The IMF should not… Continue reading Tarin hopes 7th review with IMF to succeed despite subsidy on petrol, electricity
US Pakistan agree to revitalize trade, economic ties
ISLAMABAD, Mar 8 (APP):The United States and Pakistan agreed on Tuesday to reinvigorate and revitalize trade and business relationships to enhance bilateral trade and investment. It was decided during a meeting under Pakistan-United States Trade and Investment Framework Agreement (TIFA) held in Islamabad, said a press release issued by the Ministry of Commerce here. Federal… Continue reading US Pakistan agree to revitalize trade, economic ties
SBP decides to maintain 9.75% policy rate
KARACHI, Mar 08 (APP):State Bank of Pakistan on Tuesday announced its new Monetary Policy Statement, maintaining the existing policy rate of 9.75 percent. SBP’s Monetary Policy Committee, in its meeting here, decided to go with the same policy rate (interest) for next two months, unless any development calls for early revision. The decision reflected the… Continue reading SBP decides to maintain 9.75% policy rate
Tanneries shifting to Sialkot tannery zone to help improve environment’
SIALKOT, Mar 08 (APP): Tanneries have started shifting from the city to the tannery zone, which will lessen environmental pollution to a large extent. This was stated by Chairman Sialkot Tannery Zone Association (STZA) Chaudhry Raza Munir while addressing a press conference in his office. Chief Executive Officer Sheikh Abdul Waheed Sandal, Directors Naseer A.… Continue reading Tanneries shifting to Sialkot tannery zone to help improve environment’
Govt to ensure timely supply of soil nutrients to farmers
ISLAMABAD, Mar 8 (APP): Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar on Tuesday said that the government had stepped up efforts to ensure smooth, adequate and timely supply of key soil nutrients to farmers in upcoming Kharif season 2022. Chairing a fertilizer review meeting, the minister hoped that like last year, the domestic… Continue reading Govt to ensure timely supply of soil nutrients to farmers
Italian embassy hosts event to promote women’s self-reliance
ISLAMABAD, Mar 08 (APP): The Italian Embassy in Pakistan on Sunday hosted an event of various brands run by women for promoting women’s economic self-reliance and empowerment. “The event is held to coincide with the international women’s day to provide an opportunity for women entrepreneurs to flourish and contribute to the journey of women’s economic… Continue reading Italian embassy hosts event to promote women’s self-reliance
Pakistan, US relaunch Trade, Investment Framework Agreement
ISLAMABAD, Mar 8 (APP): Pakistan and the United States (US) have relaunched the Trade and Investment Framework Agreement (TIFA) process to promote trade and investment for the benefit of both the countries, Assistant U.S. Trade Representative (AUSTR) for South and Central Asia, Christopher Wilson said. “We succeeded in re-launching the TIFA…. we feel quite satisfied,”… Continue reading Pakistan, US relaunch Trade, Investment Framework Agreement
Foreign Investors optimistic on investment prospects in Pakistan
Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan, Monday unveiled the results of the biennial “Perception and Investment Survey 2021”. The survey results present an array of insights, shedding light on the increase in confidence of OICCI members on the growth potential of the country and… Continue reading Foreign Investors optimistic on investment prospects in Pakistan
Measures taken to ease out loan disbursement for low-cost housing: Tarin
ISLAMABAD, Mar 7 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that required steps were being undertaken for easing out the loan disbursement process along with greater access and transparency for low-cost housing. Presiding over a meeting on Low Cost Housing, the minister said performance of banks was being comprehensively monitored in… Continue reading Measures taken to ease out loan disbursement for low-cost housing: Tarin
Pakistan to exit FATF grey list this year: Tarin
ISLAMABAD, MAR 6 (APP): The Federal Minister for Finance and Revenue, Shaukat Tarin said that Pakistan would exit from the grey list of Financial Action Task Force (FATF) this year as it has already achieved almost all targets set by the task force. “We have completed 26 conditions out of 27 of the action plan,”… Continue reading Pakistan to exit FATF grey list this year: Tarin
Economy on right tack, 05 pc growth to be achieved: Tarin
ISLAMABAD, Mar 6 (APP):Minister for Finance and Revenue Shaukat Tarin Sunday said that economy was on the right track to post an inclusive and sustainable growth up to 05 percent during current fiscal year that would help get rid on the International Monetary Fund (IMF). “We don’t need the IMF if we achieve sustainable growth… Continue reading Economy on right tack, 05 pc growth to be achieved: Tarin
Economic Affairs Minister assures to provide resources for promotion of education
ISLAMABAD, Mar 5 (APP):Minister for Economic Affairs Omer Ayub Khan on Saturday reiterated the government’s firm commitment to provide all possible resources for the promotion of education sector in the country as it was instrumental to achieve sustainable economic growth and social prosperity. Addressing the first convocation of the University of Haripur, Omer said that… Continue reading Economic Affairs Minister assures to provide resources for promotion of education
Asad Aleem appointed Deputy Country Director of ADB
ISLAMABAD, Mar 5 (APP):The Asian Development Bank (ADB) has appointed Asad Aleem as Deputy Country Director for ADB in Pakistan. Asad Aleem was working with the bank since 2004 and also served as Principal Energy Specialist in Central and West Asia Department, the ADB said on its official Twitter handle on Saturday. It further said… Continue reading Asad Aleem appointed Deputy Country Director of ADB
FATF acknowledges Pakistan’s commitment to sustainable AML/CFT frameworks
The Financial Action Task Force (FATF) in its review meeting recognized Pakistan’s continuing commitment to a sustainable and robust Anti-Money Laundering and Combating the Financing of Terrorism (AML)/CFT) frameworks. The Financial Action Task Force (FATF) reviewed Pakistan’s progress on both FATF Action Plans in its plenary meeting held on March 4, said a press statement… Continue reading FATF acknowledges Pakistan’s commitment to sustainable AML/CFT frameworks
NAVTTC trains over 74,737 people in various fields
ISLAMABAD, Mar 4 (APP): Minister for Planning Development and Special Initiatives, Asad Umar was informed on Friday that the National Vocational and Technical Training Commission (NAVTTC) has so far trained over 74,737 people in various fields of modern technology. The minister was chairing a high-level meeting to review “Skills for All” project under PM Kamyab… Continue reading NAVTTC trains over 74,737 people in various fields
Price of tomatoes, eggs, pulses, other food items go down
ISLAMABAD, Mar 4 (APP): The prices of various food items went down during the week ending on March 3 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday. According to the data, the commodities that witnessed decrease in prices on Week-on-Week… Continue reading Price of tomatoes, eggs, pulses, other food items go down
Services’ exports increase by 18.82 percent in 7 months
ISLAMABAD, Mar 4 (APP): The exports of services from the country witnessed an increase of 18.82 percent during the first seven months of the current financial year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of services during July-January (2021-22) were recorded at $3944.91 million… Continue reading Services’ exports increase by 18.82 percent in 7 months
Export oriented industries being established under CPEC in Pakistan: Parliamentary committee told
ISLAMABAD, Mar 3 (APP): The Parliamentary Committee on China Pakistan Economic Corridor (CPEC) was briefed on Thursday by the Minister for Planning, Development and Special Initiatives Asad Umar on recent visit of the Prime Minister to China with reference to CPEC. He gave a comprehensive briefing of the Chinese companies which held meetings with the… Continue reading Export oriented industries being established under CPEC in Pakistan: Parliamentary committee told
Delegation from Uzbekistan visits NARC
ISLAMABAD, Mar 03 (APP): A high level delegation headed by Uzbek Agriculture Minister Jamshid Khodjaev on Thursday visited National Agricultural Research Centre (NARC) and witnessed the agriculture research activities being carried under different institutes. Minister for National Food Security and Research Syed Fakhar Imam and Chairman PARC Dr. Ghulam Muhammad Ali were also present during… Continue reading Delegation from Uzbekistan visits NARC