ISLAMABAD, Nov 25 (APP):The Ural Chamber of Commerce and Industry and Federation of Pakistan Chamber of Commerce and Industry (FPCCI) signed on Thursday a memorandum of understanding (MoU) creating further economic and trade cooperation opportunities between the two countries. The Ural Chamber of Commerce and Industry was represented by Vice President Mikhail Kozlov and FPCCI… Continue reading Pak-Russia chambers of commerce join hands to promote bilateral trade
Category: Business
Business news from Pakistan
Tarin, Citibank discuss proposals for securing investment
ISLAMABAD, Nov 25 (APP): Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Thursday held a meeting with a delegation of Citibank Pakistan during which different proposals were discussed for securing investment, commodity hedging for budget certainty and debt management. The Citibank delegation was led by its President and Country Officer for… Continue reading Tarin, Citibank discuss proposals for securing investment
Dubai’s top realtors set to enter Pakistan
ISLAMABAD, Nov 25 (APP): Estate developers from Dubai, attracted by incentives and conducive environment provided for construction industry, are set to enter Pakistan with billions of rupees investment. For Pakistan’s real estate sector, a Dubai-based Samana Developers on Thursday inked a key partnership agreement with H&S Real Estate announced at a joint press conference in… Continue reading Dubai’s top realtors set to enter Pakistan
Govt mulling over finding constitutional way out to set uniform wheat support price
ISLAMABAD, Nov 25 (APP): Terming the Sindh government’s announcement of higher wheat support price against the price set by the federal government, a non-serious and anti-people action, Minister for National Food Security and Research Syed Fakhar Imam Thursday said the government was mulling over finding a constitutional way out to set a uniform support price… Continue reading Govt mulling over finding constitutional way out to set uniform wheat support price
PAC examines Ministry of Climate Change audit report for year 2019-20
ISLAMABAD, Nov 25 (APP): Public Accounts Committee (PAC) on Thursday examined audit report of Ministry of Climate Change for the year 2019-20, in a meeting held at Parliament House under the chairmanship MNA Rana Tanveer Hussain. The meeting was also attended by members of the committee MNAs including Riaz Fatyana, Ali Nawaz Shah, Noor Alam… Continue reading PAC examines Ministry of Climate Change audit report for year 2019-20
Malaysia interested to foster trade ties with Pakistan
ISLAMABAD, Nov 25 (APP): Malaysia is interested to further enhance trade ties with Pakistan as both countries have good potential to do trade in many items that would help their economies to grow and progress, said Charge d’Affaires, High Commission of Malaysia, Deddy Faisal Ahmad Salleh. During his visit to Islamabad Chamber of Commerce and… Continue reading Malaysia interested to foster trade ties with Pakistan
Govt. can’t increase fuel price to facilitate ‘few groups:’ Hammad
ISLAMABAD, Nov 25 (APP): Minister for Energy Hammad Azhar Thursday said the government could not increase the prices of petroleum products to facilitate a ‘few groups,’ who wanted to get the rates raised by Rs 9 per liter in the guise of strike. The minister made it clear that the government would not bow before… Continue reading Govt. can’t increase fuel price to facilitate ‘few groups:’ Hammad
Sports goods’ export surge 20.73% in 4 months
ISLAMABAD, Nov 25 (APP): The exports of sports goods witnessed an increase of 20.73 percent during the first four months of current financial year (2021-22) as compared to the exports of corresponding period of last year. Pakistan exported sport goods worth $105.120 million during July-October (2021-22) against the exports of $87.070 million during July-October (2020-21),… Continue reading Sports goods’ export surge 20.73% in 4 months
ECNEC approves NGIA project worth Rs51,298.175 mln
ISLAMABAD, Nov 24 (APP):The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved the New Gwadar International Airport (NGIA) 2nd revised project worth of Rs 51,298.175 million. The 2nd revised project envisages construction of NGIA along with allied facilities over a piece of land already acquired. Adviser to the Prime Minister on Finance… Continue reading ECNEC approves NGIA project worth Rs51,298.175 mln
Finance ministry refutes misleading news on gas shortage
ISLAMABAD, Nov 24 (APP):The Finance Ministry on Wednesday categorically refuted the contents of a news item published in a section of press on gas shortfall and termed it as completely misleading and out of context. “News item published in Daily The News titled ‘Govt couldn’t purchase gas Cargoes in time, admits Tarin’ is completely misleading… Continue reading Finance ministry refutes misleading news on gas shortage
Imported tea consumption goes down slightly
ISLAMABAD, Nov 24 (APP): The consumption of imported tea witnessed slight decrease of 0.55 percent during the first four months of the current fiscal year as compared to the corresponding period of last year. The tea imports during July-October (2021-22) stood at $188.307 million against the imports of $189.339 million during July-October (2020-21), according to… Continue reading Imported tea consumption goes down slightly
Finance ministry refutes misleading news on gas shortage
ISLAMABAD, Nov 24 (APP): The Finance Ministry on Wednesday categorically refuted the contents of a news item published in a section of press on gas shortfall and termed it as completely misleading and out of context. “News item published in Daily The News titled ‘Govt couldn’t purchase gas Cargoes in time, admits Tarin’ is completely… Continue reading Finance ministry refutes misleading news on gas shortage
Pakistan earns US $140m from travel services’ export in 3 months
ISLAMABAD, Nov 24 (APP):Pakistan earned US $140.994 million by providing different travel services in various countries during the first three months of the current financial year 2021-22. This shows the growth of 71.73 percent as compared to the US $82.100 million same services were provided during the corresponding period of the last fiscal year 2020-21,… Continue reading Pakistan earns US $140m from travel services’ export in 3 months
7th session of Pak-Russia intergovernmental commission begins Nov 24
ISLAMABAD, Nov 23 (APP): The 7th Session of Pak-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation would be held on November 24-26 in Yekaterinburg, Russia. A high-level delegation led by Federal Minister for Economic Affairs, Omar Ayub Khan will be participating in the session, said a press release issued here on Tuesday. The… Continue reading 7th session of Pak-Russia intergovernmental commission begins Nov 24
Rupee gains 46 paisas against dollar
ISLAMABAD, Nov 23 (APP): The exchange rate of Pakistan rupee strengthened by 46 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs174.30 as compared to the previous day’s closing of Rs174.76. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open… Continue reading Rupee gains 46 paisas against dollar
PSW 1st phase to complete in March 2022, Tarin expresses satisfaction over progress
ISLAMABAD, Nov 23 (APP): Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Tuesday expressed satisfaction on the overall progress made to implement Pakistan Single Window (PSW), the first phase of which is under roll out and would be completed in March, 2022. The advisor was presiding over the second meeting of… Continue reading PSW 1st phase to complete in March 2022, Tarin expresses satisfaction over progress
Fertiliser review committee to take strict action against hoarders
ISLAMABAD, Nov 22 (APP):The Fertiliser Review Committee on Monday asked the provincial governments to take strict action against hoarders and those engaged in black marketing of fertilisers. The minister expressed his deep concern over the hoarding of an essential commodity for farmers and asked the provincial governments to take strict action against hoarders and those… Continue reading Fertiliser review committee to take strict action against hoarders
Asad for providing maximum resources to Balochistan
ISLAMABAD, Nov 22 (APP):Federal Minister for Planning, Development and Special Initiatives, Asad Umar Monday said that the government was committed to provide maximum share in federal resources to Balochistan for its speedy development. He said that the federal government would provide maximum resources to the Balochistan for development and bringing it on par with other… Continue reading Asad for providing maximum resources to Balochistan
ECC recommend allocation of Rs. 6,000mln for Communication Ministry
ISLAMABAD, Nov 22 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Monday recommended the special allocation of funds Rs. 6,000 million for the Ministry of Communication. The ECC recommended the summary tabled by Ministry of Communication for special allocation of funds Rs. 6,000 million to initiate the process for improvement and rehabilitation program of… Continue reading ECC recommend allocation of Rs. 6,000mln for Communication Ministry
Pakistan-IMF agreement under EFF worth US$1. 1.059 billion finalized: Tarin
ISLAMABAD, Nov 22 (APP):Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin on Monday informed that an agreement between Pakistan and International Monetary Funds (IMF) under Extended Fund Facility (EFF) worth US $1.059 billion had been finalized. The adviser said that Pakistan and IMF had reached the US$1.059 billion agreement up to staff… Continue reading Pakistan-IMF agreement under EFF worth US$1. 1.059 billion finalized: Tarin
- Pakistan “deeply disappointed” by UNSC dissensus on Palestine’s full UN membership; regrets US veto: FO spox
- Pakistan “deeply disappointed” by UNSC dissensus on Palestine’s full UN membership; regrets US veto: FO spox
- Police pays tribute to late officer Rubina Shehbaz at her funeral prayer
- Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status
- ‘No criticism on Pakistan allowed in Parliament’, says Tarar
