IFC to partner with Engro to reduce plastic waste

ISLAMABAD, Dec 6 (APP): To step up the fight against climate change in Pakistan, International Finance Corporation (IFC) is partnering with Engro Corporation to help reduce plastic waste promote recycling, and boost the company’s energy efficiency. The project is part of IFC’s Pakistan Resource Efficiency Program, which aims to improve efficiency, cost-competitiveness, reliability, and productivity… Continue reading IFC to partner with Engro to reduce plastic waste

Khusro assures Coca-Cola company for support

ISLAMABAD, Dec 6 (APP):Federal Minister for Industries and Production Makhdum Khusro Bakhtyar Monday assured the government’s full support for execution of Company’s investment plans and shared Prime Minister’s vision to make Pakistan a economic hub. He said this in a meeting with the senior management of Coca-Cola Icecek Pakistan (CCI), said a press release issued… Continue reading Khusro assures Coca-Cola company for support

Footballs exports witness record 17.22% increase

ISLAMABAD, Dec 5 (APP): Football exports during the first four months of fiscal year of 2021-22 grew up by 17.22 per cent as compared to the exports of the corresponding period of last year. During the period from July-Oct 2021, Footballs worth US$ 50,148 exported as compared to exports worth US$ 42,780 during same period… Continue reading Footballs exports witness record 17.22% increase

IAP, CDC-IT Minds sign MoU for digital aggregation of insurance products

ISLAMABAD, Dec 3 (APP):Under the regulatory impetus of SECP, the Insurance Association of Pakistan (IAP) and Central Depository Company of Pakistan Limited (CDC) on Friday signed a Memorandum of Understanding for the digital aggregation of Insurance products CDC’s Emalaak Financials platform. Ms. Sadia Khan, Commissioner – Securities and Exchange Commission of Pakistan (SECP) presided over… Continue reading IAP, CDC-IT Minds sign MoU for digital aggregation of insurance products

Tarin greets envoy on new responsibilities

ISLAMABAD, Dec 3 (APP):Adviser to Prime Minister on Finance and Revenue Shaukat Tarin Friday greeted Ameer Khurram Rathore, Pakistan’s Ambassador designated to Kingdom of Saudi Arabia and extended his felicitations to the designated ambassador on his new responsibilities and conveyed his best wishes for success. Ameer Khurram Rathore paid a courtesy call on Adviser to… Continue reading Tarin greets envoy on new responsibilities

SNGPL agrees to wave of 66% ‘Take or Pay’ clause for stated-owned LNG plants: Hammad

ISLAMABAD, Dec 03 (APP):Minister for Energy Hammad Azhar on Friday said the Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL) had agreed to waive of 66 per cent ‘Take or Pay’ clause for the government-owned Liquefied Natural Gas (LNG) plants. “In the long run, this will help in reducing the capacity payments that… Continue reading SNGPL agrees to wave of 66% ‘Take or Pay’ clause for stated-owned LNG plants: Hammad

Economy on right path; escalation in imports, inflation due to external factors: Tarin

ISLAMABAD, Dec 3 (APP): Maintaining that economy was moving on positive direction, Advisor to Prime Minister on Revenue and Finance, Shaukat Tarin said Friday that the country was facing escalation in import bill and inflationary pressure due to surge in prices of imported commodities. “The inflation and import bill are connected and have same cause… Continue reading Economy on right path; escalation in imports, inflation due to external factors: Tarin

Kitchen items’ prices ease 0.48 percent

ISLAMABAD, Dec 3 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 2, for the combined consumption group, witnessed decrease of 0.48 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 0.48 percent

Hammad for exploiting bio-gas potential to meet energy needs

ISLAMABAD, Dec 3 (APP):Minister for Energy Hammad Azhar on Friday underlined the need for exploiting the country’s full potential of bio-gas to meet energy requirements of consumers. “Pakistan has till now ignored the huge potential of bio-gas . . . ,” he said in a tweet. The minister said Sui Southern Gas Company (SSGC) had… Continue reading Hammad for exploiting bio-gas potential to meet energy needs

China supports Pakistan’s efforts in timely completion of CPEC: Envoy

Ambassador of China to Pakistan Nong Rong on Friday said China was committed to work with Pakistan to promote high quality development of China Pakistan Economic Corridor (CPEC) in timely manner. On his official twitter handle, the envoy said that China highly appreciated Prime Minister Imran Khan for his determination and leadership in steering the… Continue reading China supports Pakistan’s efforts in timely completion of CPEC: Envoy

Exports of services rise by over 24 pc in 4 months

ISLAMABAD, Dec 3 (APP):The exports of services from the country witnessed an increase of 24.25 percent during the first four months of 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-October (2021-22) were recorded at $2122.19 million against the exports… Continue reading Exports of services rise by over 24 pc in 4 months

Exports grow by 26.68% to $12.3bn in five months of FY22

ISLAMABAD, Dec 02 (APP):The exports from the country witnessed an increase of 26.68 percent during the first five months of the current fiscal year (2021-22) as compared to the corresponding months of last year, Pakistan Bureau of Statistics (PBS) reported on Thursday. According to PBS data, the exports from the country stood at $12.344 billion… Continue reading Exports grow by 26.68% to $12.3bn in five months of FY22

Minister for completing Sukkur-Hyderabad motorway on priority

ISLAMABAD, Dec 02 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Thursday directed to complete land acquisition for Sukkur –Hyderabad motorway on priority basis so that construction of the project could be started in the third quarter of current fiscal year. Chairing a review meeting of major development projects here, he directed National Highway… Continue reading Minister for completing Sukkur-Hyderabad motorway on priority

Tarin for reducing import of unnecessary luxury item

ISLAMABAD, Dec 02 (APP):Advisor to the Finance and Revenue Shaukat Tarin on Thursday advised the concerned authorities to take effective policy measures to reduce unnecessary imports of luxury items. The adviser made these remarks while presiding over a meeting to review the balance of trade at Finance Division, said a press statement issued by the… Continue reading Tarin for reducing import of unnecessary luxury item

Govt to establish Pakistan’s first E- commerce university: SAPM

ISLAMABAD, Dec 02 (APP):Special Assistant to the Prime Minister on E-Commerce, Senator Aon Abbas Buppi on Thursday said the government would soon lay the foundation of Pakistan’s first E- commerce university. “We would soon be setting up the first e-commerce university, which would enhance the capabilities of e-commerce trader’s not only in Pakistan but also… Continue reading Govt to establish Pakistan’s first E- commerce university: SAPM

In November 2021, record $2.9 bln exports recorded: Farrukh

Farrukh appeals to ECP to take action against turn coats

ISLAMABAD, Dec 02 (APP):Minister of State for Information and Broadcasting Farrukh Habib on Thursday said that in the month of November 2021, the highest exports in the history of Pakistan have been recorded at $ 2.9 billion which was 34 per cent higher than November last year and 47 per cent higher than November 2018.… Continue reading In November 2021, record $2.9 bln exports recorded: Farrukh

Rice exports surge by over 19pc to $594.5 mln in 4 months

ISLAMABAD, Dec 2 (APP):The exports of rice surged by 19.04 percent during the first four months of current financial year (2021-22) as compared to the exports of the corresponding period of last year. At a time when rice exports of the country were on escalating trend, the production of the rice crop has also been… Continue reading Rice exports surge by over 19pc to $594.5 mln in 4 months

Soomro for provision of level playing field to all pre-qualified bidders

Soomro for provision of level playing field to all pre-qualified bidders: Soomro

ISLAMABAD, Dec 1 (APP):Federal Minister for Privatization Mohammed Mian Soomro Wednesday said that level playing field was being provided to all the pre-qualified bidders for ensuring utmost transparency. He said this while chairing a second pre-bid meeting of Heavy Electrical Complex (HEC), said a press release issued here. The queries raised in first meeting by… Continue reading Soomro for provision of level playing field to all pre-qualified bidders

Pakistan offers huge opportunities to Chinese investors in textile sector

ISLAMABAD, Dec 01 (APP):Minister for Planning, Development, and Special Initiatives Asad Umar Wednesday said Pakistan offered the Chinese investors huge opportunities to develop a deeper understanding of the investment opportunities in the textile sector. “Pakistan wishes to have win-win cooperation with the Chinese investors”, Asad Umar said during a meeting with China Chamber of Commerce… Continue reading Pakistan offers huge opportunities to Chinese investors in textile sector

95% work on CPEC Karot Hydropower project completes

ISLAMABAD, Dec 1 (APP):The Karot Hydropower porject will start its commercial operation by first half of the year 2022 as around 95 percent work of the project had been completed, according to official sources in the China Pakistan Economic Corridor (CPEC) Authority. Recently, the Karot Hydropower Project which is a major project under the China-Pakistan… Continue reading 95% work on CPEC Karot Hydropower project completes

Category: Business

Business news from Pakistan