ISLAMABAD, Jan 02 (APP): Newly elected president of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh Sunday said that acquisition of new potential markets for trade diversification, through modern tools is essential to increase the country’s exports. “Without re-establishing trade ties with emerging markets, including Russia, Central Asian region, Africa,Turkey, South… Continue reading President FPCCI urges to explore new markets for trade diversification
Category: Business
Business news from Pakistan
Govt says IMF to approve tranche after completing required actions
The government on Sunday said the International Monetary Fund (IMF) board would approve the new tranche for Pakistan, once all the required actions were completed. “As soon as the prior actions are completed by Pakistan, which the government is pushing hard, the IMF board will consider it for approval,” a statement issued by the finance… Continue reading Govt says IMF to approve tranche after completing required actions
CPI inflation rises 12.28% in December(YoY), declines by 0.02% (MoM)
ISLAMABAD, Jan 1 (APP):The Consumer Price Index (CPI) based monthly inflation increased by 12.28% on year-on-year (YoY) basis during the month of December 2021 against the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Saturday. The average CPI-based inflation rate during the period July-December 2021-22 over same period of the preceding year… Continue reading CPI inflation rises 12.28% in December(YoY), declines by 0.02% (MoM)
2nd round of Pak-Afghan negotiations on double taxation concludes
ISLAMABAD, Dec 31 (APP):The Afghanistan Revenue Department (ARD) and Federal Board of Revenue (FBR) concluded second round of negotiations on Double Taxation Agreement (DTA) between the two countries. According to press statement issued by the Finance Ministry, a four-member ARD delegation that participated in the negotiations, was on a visit to Pakistan since December 27,… Continue reading 2nd round of Pak-Afghan negotiations on double taxation concludes
CCoP omits ‘Mari Petroleum Company’ from privatization list
ISLAMABAD, Dec 31 (APP):The Cabinet Committee on Privatization (CCoP) Friday discussed the proposal for divestment of government of Pakistan’s shares in Mari Petroleum Company Limited and decided to omit Mari Petroleum Company Limited from the list of privatization. The meeting was held here under the chairmanship of Federal Minister for Finance and Revenue Shaukat Tarin.… Continue reading CCoP omits ‘Mari Petroleum Company’ from privatization list
Notwithstanding challenges, PTI govt manages to bring sustainability to macroeconomics: Finance Ministry
ISLAMABAD, Dec 31 (APP):Unlike in the past, the Pakistan Tehreek-i-Insaf (PTI) government has managed to bring the sustainability to macroeconomics as the economy has displayed unprecedented resilience despite several challenges. “Despite the most devastating health and Economic Shocks of century i.e COVID-19 and recent multi decade high-price commodity shock, Pakistan economy has displayed the greatest… Continue reading Notwithstanding challenges, PTI govt manages to bring sustainability to macroeconomics: Finance Ministry
ECC approves additional grant of Rs 8 bn for Sialkot-Kharian Motorway project
ISLAMABAD, Dec 31 (APP):The Economic Coordination Committee (ECC) of the Cabinet Friday approved the proposal of Ministry of Communication for special allocation of additional funds of Rs. 8,000 million (Rs. 4000 million as upfront Viability Gap Funding (VGF) and Rs. 4000 Million for overhead costs) against approved government of Pakistan’s share for the Public Sector… Continue reading ECC approves additional grant of Rs 8 bn for Sialkot-Kharian Motorway project
Pakistan made impressive progress despite pandemic in 2021: ADB
ISLAMABAD, Dec 31 (APP):Wishing Pakistanis, a happy new year, the Asian Development Bank (ADB) Country Director Yong Ye Friday said Pakistan had made impressive progress in the outgoing year 2021 despite COVID-19 pandemic. In his video message on twitter, the ADB country head for Pakistan said “in 2021, Pakistan and ADB achieved historic high level… Continue reading Pakistan made impressive progress despite pandemic in 2021: ADB
Reports about supplementary finance bill, taxes, IMF twisted to create hype: FBR Chairman
ISLAMABAD, Dec 31 (APP):Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq on Friday said that many things related to the supplementary finance bill, taxes, and the International Monetary Fund (IMF) were twisted in reports creating unjustified hype among the people. Addressing a press conference here to clear the board’s point of view, the FBR… Continue reading Reports about supplementary finance bill, taxes, IMF twisted to create hype: FBR Chairman
Govt procures Corona vaccines worth Rs 250bln: Asad
ISLAMABAD, Dec 31 (APP):Minister for Planning, Development and Special Initiative Asad Umar on Friday said that the federal government has procured corona vaccines worth Rs 250 billion, to make this massive drive possible. On his official twitter handle, the Asad Umar who is also Chairman National Command and Control Center (NCOC) said that the vaccine… Continue reading Govt procures Corona vaccines worth Rs 250bln: Asad
Kitchen items’ prices ease 0.50 percent
ISLAMABAD, Dec 31 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 30, for the combined consumption group, witnessed decrease of 0.50 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported Friday. The SPI for the week under review in the above mentioned group was… Continue reading Kitchen items’ prices ease 0.50 percent
Pakistan, China vow to tap full potential of Gwadar port, free zone under CPEC
ISLAMABAD, Dec 30 (APP):Pakistan and China resolved on Thursday to redouble the efforts to tap the full potential of Gwadar port and free zone under the mega project of China Pakistan Economic Corridor (CPEC). The both sides also agreed to make sure that the local population of Gwadar and surrounding areas fully benefit from these… Continue reading Pakistan, China vow to tap full potential of Gwadar port, free zone under CPEC
Supplementary Finance Bill: Tarin says common man to bear burden of only Rs 2 bn fresh taxes
ISLAMABAD, Dec 30 (APP):Terming the hue and cry over supplementary finance bill as totally unjustified, Minister for finance and revenue Shaukat Tarin Thursday said the government had proposed to review tax exemptions of Rs 343 billion in the supplementary finance bill, 2021 out of which Rs 272 billion taxes were refundable or adjustable, while the… Continue reading Supplementary Finance Bill: Tarin says common man to bear burden of only Rs 2 bn fresh taxes
Gov’t lays foundation of Welfare State, 4 mln households getting financial assistance: Tarin
ISLAMABAD, Dec 30 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin said here on Thursday that the incumbent government had laid the foundation of the Welfare State to ensure the poor of the country did not suffer anymore and had opportunities available to earn respectable livelihood for themselves. “The foundation of the welfare state has… Continue reading Gov’t lays foundation of Welfare State, 4 mln households getting financial assistance: Tarin
Gov’t lays foundation of Welfare State, 4 mln households getting financial assistance: Tarin
ISLAMABAD, Dec 30 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin said here on Thursday that the incumbent government had laid the foundation of the Welfare State to ensure the poor of the country did not suffer anymore and had opportunities available to earn respectable livelihood for themselves. “The foundation of the welfare state has… Continue reading Gov’t lays foundation of Welfare State, 4 mln households getting financial assistance: Tarin
Freight train service from Azakhel to Istanbul begins
PESHAWAR, Dec 29 (APP):Special Assistant to Chief Minister on Industries and Commerce Abdul Karim Khan on Wednesday inaugurated freight train service from Azakhel Dry Port to Istanbul. While inaugurating the freight train service along with Member National Assembly Standing Committee on Finance, Nawabzada Salahuddin, notable traders and higher authorities of Pakistan Railways, the SACM said… Continue reading Freight train service from Azakhel to Istanbul begins
Gold prices decrease by Rs 200 per tola
ISLAMABAD, Dec 29 (APP):The price of 24 karat per tola gold witnessed a decrease of Rs 200 and was sold at Rs 126,000 in the local market on Wednesday against its sale at Rs 126,200 the previous day. The price of 10 gram 24 karat gold also depreciated by Rs 171 to Rs 108,025 from… Continue reading Gold prices decrease by Rs 200 per tola
Fiscal deficit brought down to 1.1 pc in four months: Report
ISLAMABAD, Dec 29 (APP): Owing to prudent policies of the government, the fiscal deficit has been brought down to 1.1 percent of Gross Domestic Product (GDP) during the first four months of Fiscal Year 2021-22 against 1.7 percent deficit during the same period last year, official report said. In absolute terms the overall fiscal deficit… Continue reading Fiscal deficit brought down to 1.1 pc in four months: Report
Pakistan needs urban economy development: Adviser to CM
LAHORE, Dec 28 (APP):Adviser to Chief Minister Punjab on Economic Affairs, Planning and Development Dr Salman Shah said on Tuesday that Pakistan needs to develop urban economy, as the fastest urbanisation in the world is taking place in the country. He stated this in a meeting with business community including Lahore Chamber of Commerce &… Continue reading Pakistan needs urban economy development: Adviser to CM
Sufficient urea stock is available, no need of panic buying: Khusro
ISLAMABAD, Dec 28 (APP):Minister for Industries and Production Makhdoom Khusro Bakhtyar said that unlike the shortage of urea stock in the international market, Pakistan had surplus stock for Rabi season. “Urea price per bag in the international market is around Rs 11000 while that in Pakistan is only Rs 1800, therefore the huge difference is… Continue reading Sufficient urea stock is available, no need of panic buying: Khusro
- SC orders removal of barriers outside buildings in Karachi
- Senior Army Commanders visit families of customs’ martyrs to condole
- Dar urges opposition to burry past, join hands to steer country out of challenges
- Models, poster and quiz competition held at AIOU
- Pakistan Women’s Cricket Team Captain, Nida Dar and West Indies Cricket Team Captain Hayley Matthews pose with T20I trophy during unveiling ceremony at National Bank Studium
