KP CM underlines need to expedite work on PSDP funded projects

PESHAWAR, Dec 16 (APP):Chief Minister Khyber Pakhtunkhwa Mahmood Khan has underlined the need to expedite pace of work on all the ongoing projects being executed under Public Sector Development Programme (PSDP) in the province with special focus on the high priority projects of road sector. He was chairing a meeting held here on Thursday to… Continue reading KP CM underlines need to expedite work on PSDP funded projects

Inflation a global phenomenon: Bank of England

ISLAMABAD, Dec 16 (APP):Inflation is a global phenomenon which also hit England, said the Bank of England (BoE) on Thursday while highlighting the policy measures being taken by the policymakers to address the issue. Rise in petroleum and energy price was a major cause of inflation in energy and food prices in the United Kingdom… Continue reading Inflation a global phenomenon: Bank of England

ECC approve grants of Rs.2,650.968 mln for development in Provinces

ISLAMABAD, Dec 16 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved technical supplementary grant for amount Rs. 2,650.968 million in favour of Ministry of Housing and Works for execution of development schemes in the province of Sindh and Balochistan. Under the recommendations of the Technical Advisory Sub-Committee, ECC also approved these technical… Continue reading ECC approve grants of Rs.2,650.968 mln for development in Provinces

Govt to provide maximum support to pharmaceutical industry: Tarin

ISLAMABAD, Dec 16 (APP):Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin said here on Thursday that the government was fully committed to address the issues of pharmaceutical industry and provide maximum support to it. He was talking to delegation of Pakistan Pharmaceutical Manufacturing Association (PPMA) headed by its chairman Qazi M. Manzoor… Continue reading Govt to provide maximum support to pharmaceutical industry: Tarin

Prices of all petroleum products reduced by upto Rs7

ISLAMABAD, Dec 15 (APP):Keeping in view the declining price trend in international market, the federal government on Wednesday reduced the prices of all petroleum products with effect from December 16 for next fortnight. “The government has decided to revise the existing prices of petroleum products in view of the declining price trend of petroleum products… Continue reading Prices of all petroleum products reduced by upto Rs7

Govt taking all possible measures to ensure smooth supply of essential commodities: Tarin

ECC directs revision of HSD, gas oil premium on fortnightly basis

ISLAMABAD, Dec 15 (APP):Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin Thursday said the government was taking all possible measures to ensure smooth supply of essential commodities across the country. He said this while presiding over the meeting of National Price Monitoring Committee (NPMC), said a press release issued here by Finance… Continue reading Govt taking all possible measures to ensure smooth supply of essential commodities: Tarin

PSX continues with bullish trend, gains 1120 points to close at 44,366 points

ISLAMABAD, Dec 15 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 1120.15 points, with a positive change of 2.59 percent, closing at 44,366.86 points against 43,246.71 points on the last working day. A total of 398,094,982 shares were traded during the day compared to the trade of… Continue reading PSX continues with bullish trend, gains 1120 points to close at 44,366 points

Agricultural Research to help overcome malnutrition: Fakhar Imam

ISLAMABAD, Dec 15 (APP):Federal Minister for National Food Security and Research, Syed Fakhar Imam on Wednesday said Pakistan can overcome the shortage of essential nutrients through agriculture research and innovations. “We need a knowledge economy, where it is essential to introduce new dimensions through reforms in various sectors of the country so that Pakistan can… Continue reading Agricultural Research to help overcome malnutrition: Fakhar Imam

Govt unveils SME policy to promote inclusive growth

ISLAMABAD, Dec 15 (APP): Federal Minister for Industries and Production, Makhdoom Khusro Bakhtiar unveiled the Small and Medium Enterprises (SME) Policy here on Wednesday, with special focus on promoting around 5 million businesses through facilitation in registration, streamlining of taxes, access to credit and provision of land. The minister announced the policy during a press… Continue reading Govt unveils SME policy to promote inclusive growth

BOI, Pakistan embassy in US to organize webinar on investment

ISLAMABAD, Dec 14 (APP):The Board of Investment (BOI) in collaboration with the Embassy of Pakistan in United States (US) is organizing a high level online investment seminar titled ‘Investment Opportunities in Pakistan’ December 16,2021. The webinar aimed to apprise the potential investors based in USA on the abundant investment opportunities available in Pakistan, said a… Continue reading BOI, Pakistan embassy in US to organize webinar on investment

Tarin for enhancing cooperation with Iraq in oil, gas sectors

ISLAMABAD, Dec 14 (APP):Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin on Tuesday expressed keen interest in deepening bilateral relations between Iraq and Pakistan, particularly enhancing cooperation in oil and gas sectors besides boosting the quantum of trade between the two counties. The adviser was talking to Ambassador of the Republic of… Continue reading Tarin for enhancing cooperation with Iraq in oil, gas sectors

ATLH motorcycle sale records highest increase in November

ISLAMABAD, Dec 14 (APP):The motorcycle’s manufacturer, Atlas Honda Limited (ATLH) sold 128,503 motorbike units in the month of November, recording the highest sales during the last three years. According to data released by the manufacturer on Tuesday, the sales witnessed around 108 percent increase, which also is highest in the history of the company. Likewise,… Continue reading ATLH motorcycle sale records highest increase in November

ADB revises developing Asia growth outlook down slightly to 7.0% in 2021, 5.3% in 2022

ISLAMABAD, Dec 13 (APP): The Asian Development Bank (ADB) revised its economic growth outlook for developing Asia down slightly to 7.0% this year and 5.3% next year, after renewed outbreaks of coronavirus disease (COVID-19) led to slower growth in the third quarter. ADB’s latest estimates, presented in a regular supplement of the Asian Development Outlook… Continue reading ADB revises developing Asia growth outlook down slightly to 7.0% in 2021, 5.3% in 2022

ADB approves $200 mln loan to develop irrigation system in Punjab

ISLAMABAD, Dec 13 (APP): The Asian Development Bank (ADB) has approved a $200 million loan for the development of an irrigation system in Punjab province that would help increase agricultural productivity and enhance food security. The project loan, which is denominated in Japanese yen, will finance the construction of the second branch or Choubara system… Continue reading ADB approves $200 mln loan to develop irrigation system in Punjab

Govt, stakeholders review SME policy

ISLAMABAD, Dec 13 (APP):Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin here on Monday chaired a meeting to review proposed policy on Small and Medium Enterprises (SMEs). According to press statement issued by the finance ministry, Secretary Industries and Production briefed the meeting on proposed SMEs Policy and the concerns of stakeholders.… Continue reading Govt, stakeholders review SME policy

Pak-Indonesia negotiate on trade, goods agreement: Ambassador Adam

ISLAMABAD, Dec 13 (APP): Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Monday said that Pakistan and Indonesia trade and goods agreement is being negotiated and was likely to be implemented soon for increased trade activities. Preferential Trade Agreement (PTA) already exists between the two countries and the Free Trade Agreement… Continue reading Pak-Indonesia negotiate on trade, goods agreement: Ambassador Adam

Government strives hard to increase exports: Razzak Dawood

KARACHI, Dec 10 (APP):Advisor to Prime Minister for Commerce and Investment, Abdul Razzak Dawood on Friday said the government was striving hard to increase exports of highest quality products. He said this while inaugurating the Pakistan Virtual Export Gallery at the Trade Development Authority of Pakistan (TDAP), said a statement issued here. The advisor expressed… Continue reading Government strives hard to increase exports: Razzak Dawood

IFC urged to increase investment in Pakistan

ISLAMABAD, Dec 10 (APP):Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin here on Friday invited the International Finance Corporation (IFC) to increase investment in Pakistan to make private sector an engine of growth and development. In a meeting with Senior Vice President of IFC, Stephanie Von Friedeburg, the adviser said the government… Continue reading IFC urged to increase investment in Pakistan

Tarin, PRBC discuss retailers’ issues

ISLAMABAD, Dec 10 (APP):Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with delegation of Pakistan Retail Business Council (PRBC), headed by Hamid Yamin at Finance Division, here Friday. The delegation apprised the adviser about the problems being faced by the retailers and sought support of the government to resolve… Continue reading Tarin, PRBC discuss retailers’ issues

ADB approves flagship urban development project in Pakistan

ISLAMABAD, Dec 10 (APP):The Asian Development Bank (ADB) on Friday approved US $ 385 million in financing to help improve the livability and community health of five cities in Khyber Pakhtunkhwa province. The Khyber Pakhtunkhwa Cities Improvement Project will help to construct two clean water supply treatment facilities, three sewerage treatment facilities, and will rehabilitate… Continue reading ADB approves flagship urban development project in Pakistan

Category: Business

Business news from Pakistan