Petrol prices remain unchanged

ISLAMABAD, Nov 30 (APP):The government here on Tuesday decided to maintain the prices of petroleum products same as notified on November 15, 2021. Petrol would be sold at Rs145.82 per liter; High Speed Diesel at Rs142.62 per liter; kerosene oil at Rs116.53 per liter and light diesel oil at Rs114.07 per liter, according to a… Continue reading Petrol prices remain unchanged

Revenues surpass target, grow by 36.5 pc to Rs2.314 trillion in 5 months

ISLAMABAD, Nov 30 (APP):The revenue collection by the Federal Board of Revenue (FBR) witnessed a considerable growth of 36.5 percent during the first five months of the current fiscal year as against the corresponding period of last year. The FBR collected net revenues of Rs. 2,314 billion during July-November 2021-22 as against the collection of… Continue reading Revenues surpass target, grow by 36.5 pc to Rs2.314 trillion in 5 months

Islamic finance one of most rapidly growing sectors:Tarin

ISLAMABAD, Nov 30 (APP): Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin Tuesday highlighted the main components of Islamic Banking and stated that Islamic finance is one of the most rapidly growing sectors of the global financial system. He said this while addressing the 10th Islamic Finance Expo and Conference. Theme of… Continue reading Islamic finance one of most rapidly growing sectors:Tarin

Tarin stress uniform pay structure for all organizations

ISLAMABAD, Nov 30 (APP):Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin Tuesday stressed the need for removal of anomalies in basic pay structure and suggested its uniformity for all the organizations. Addressing a virtual meeting of the Pay and Pension Commission, the adviser suggested for adoption of internationally accepted practices in the… Continue reading Tarin stress uniform pay structure for all organizations

OGRA reduces LPG price by Rs168.91per 11.8-KG cylinder

ISLAMABAD, Nov 30 (APP): Oil and Gas Regulatory Authority (OGRA) on Tuesday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of December, decreasing the commodity price by Rs168.91 per 11.8-KG cylinder. According to the notification, the authority reduced the locally produced LPG price by Rs14.31 per kilogram. After the revised price,… Continue reading OGRA reduces LPG price by Rs168.91per 11.8-KG cylinder

Rupee recovers 49 paisas against dollar

ISLAMABAD, Nov 30 (APP):The exchange rate of Pakistan rupee strengthened by 49 paisas against the US dollar in interbank trading on Tuesday and closed at Rs 175.71 as compared to the previous day’s closing of Rs 176.20. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open… Continue reading Rupee recovers 49 paisas against dollar

Govt need not curtail imports if exports rising: Report

ISLAMABAD, Nov 30 (APP):The government needs to draw a broad-based policy thrust to focus on increase in exports rather than curtailing imports, said a report released by the Planning Ministry. According to the report titled “First Quarterly Economic Review for FY22”, the structure of imports had been changed marginally during the current government in a… Continue reading Govt need not curtail imports if exports rising: Report

Govt needs to boost exports than curtailing imports: Report

USA, UK, China remain top three destinations of Pakistani exports

ISLAMABAD, Nov 30 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during the first four months of current financial year (2021-22), followed by United Kingdom (UK) and China.Total exports to the USA during July-October (2021-22) were recorded at US $2096.859 million against the exports of US $1461.197 million… Continue reading USA, UK, China remain top three destinations of Pakistani exports

SNGPL detects 87,197 gas theft cases in 2020-21

ISLAMABAD, Nov 30 (APP):Sui Northern Gas Pipelines (SNGPL) has detected around 87,197 cases of gas theft on its network during the last fiscal year, under a comprehensive Unaccounted for Gas (UFG) reduction plan given by the government. “There are 86,959 gas theft cases of consumers and 238 are of non-consumers,” according to an official document… Continue reading SNGPL detects 87,197 gas theft cases in 2020-21

Fiscal deficit narrows to 0.8pc in Q1: Economic Outlook

ISLAMABAD, Nov 30 (APP):The fiscal deficit narrowed to 0.8 percent of Gross Domestic Product (GDP) during the first quarter of the fiscal year 2021-22, according to monthly Economic Update and Outlook for November released by the finance ministry here.Last year, the deficit during the period was recorded at 1.1 percent of GDP, it says adding… Continue reading Fiscal deficit narrows to 0.8pc in Q1: Economic Outlook

Economy on track to achieve set growth target for FY22: Economic Outlook

ISLAMABAD, Nov 30 (APP):The country’s economy is on track to achieve the growth target set by the government for the fiscal year 2021-22, according to monthly Economic Update and Outlook for November released by the finance ministry here Monday.“The economy of Pakistan is on track to achieve the growth target for FY2022,” it says, adding… Continue reading Economy on track to achieve set growth target for FY22: Economic Outlook

Finance Ministry issues clarification on article titled “Panic over Forex Reserves”

ISLAMABAD, Nov 29 (APP):The article published in a section of press titled ‘Panic over Forex Reserves’, gives the impression that apparently there is a state of emergency declared by Ministry of Finance and State Bank of Pakistan (SBP) due to the ongoing higher import bill. It is clarified that Adviser to PM on Finance and… Continue reading Finance Ministry issues clarification on article titled “Panic over Forex Reserves”

Tarin for redoubling efforts to launch taxpayer outreach initiative

Adviser to the Prime Minister on Finance and Revenue Mr. Shaukat Tarin chaired a meeting on broadening of tax base by the FBR at Finance Division, Islamabad on 29th November, 2021

ISLAMABAD, Nov 29 (APP):Expressing his full support and confidence to the Federal Board of Revenue (FBR) team, Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin Monday advised it to redouble efforts for launching the taxpayer outreach initiative at the earliest to expand the existing tax base and boost the revenue collection. The… Continue reading Tarin for redoubling efforts to launch taxpayer outreach initiative

Pakistan has lot for national, international tourists to explore its mythical landscapes

ISLAMABAD, Nov 29 (APP):Australian Embassy Islamabad Monday organized a photography exhibition, named ‘Mythical Landscapes’ Captures by Australian photographer and blogger Gaynor Shaw at Satrang Gallery in Islamabad. According to the press release, sharing her experiences about the wonderful landscape of Pakistan with the participants and media persons, Gaynor Shaw who is also a wife of… Continue reading Pakistan has lot for national, international tourists to explore its mythical landscapes

Expo 2020 Dubai receives 4.8 million visits

ISLAMABAD, Nov 29 (APP): Expo 2020 Dubai announced that visit figures reached more than 4.8 million since its launch. According to the figures released by Expo 2020, numbers show an increase to 4,766,419. The announcement followed weeks driven by music, sporting stars and high numbers of visitors showing interest in the November Weekday Pass, Arab… Continue reading Expo 2020 Dubai receives 4.8 million visits

Bumper rice crop of 9 million tons achieved during current season: Imam

ISLAMABAD, Nov 29 (APP):Minister for National Food Security Syed Fakhar Imam on Monday said that owing to policy interventions and incentivizing local farming communities, the country had achieved bumper crop of rice, estimated over 9 million tons during current season as compared the output 8.4 million tons of same period of last year. Addressing a… Continue reading Bumper rice crop of 9 million tons achieved during current season: Imam

Supernet, PAKSAT join hands for expansion of satellite communications

Mr. Sadaqat Liaquat - CEO PAKSAT, Mr. Shams ul Arfeen - CEO Supernet are signing the Strategic Partnership for Proliferation of Satellite Communications.

ISLAMABAD, Nov 29 (APP):The Supernet Limited and PAKSAT International on Monday signed an agreement of ‘strategic partnership’ to strengthen their existing cooperation and expand satellite communications. “Under this partnership, Supernet will be able to provide national and international customers with seamless connectivity through Pakistan’s current and future national satellites and PAKSAT to expand its technical… Continue reading Supernet, PAKSAT join hands for expansion of satellite communications

Exports of readymade garments increase by 22.34 pc

ISLAMABAD, Nov 29 (APP):The exports of readymade garments from the country witnessed an increase of 22.34 percent during the first four months of the current fiscal year as compared to the corresponding period of last year. The exports of readymade garments during July-October (2021-22) stood at $1158.603 million against the exports of $947.070 million during… Continue reading Exports of readymade garments increase by 22.34 pc

E-commerce trade to create business opportunities for Pakistani women: Ambassador Adam

ISLAMABAD, Nov 28 (APP):Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Sunday said that in the current era of e-commerce, there are business opportunities for Pakistani women in markets around the world, including Indonesia. “The volume of e-commerce market in Indonesia would reach at US$50 billion by the year 2025, which… Continue reading E-commerce trade to create business opportunities for Pakistani women: Ambassador Adam

Category: Business

Business news from Pakistan