ISLAMABAD, Nov 26 (APP): Minister for Industries and Production Makhdum Khusro Bakhtyar on Friday said that the PTI Government was taking all possible measures to supply urea to farmers at affordable prices for wheat sowing. While chairing the meeting with fertilizer industry, he assured that the constant monitoring of urea supply from manufacturing units and… Continue reading Govt ensuring urea supply to farmers at affordable rate: Khusro
Category: Business
Business news from Pakistan
Weekly inflation eases 0.67 percent
ISLAMABAD, Nov 26 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on November 25, for the combined consumption group, witnessed decrease of 0.67 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 Weekly inflation eases 0.67 percent
Gross public debt to GDP ratio falls in FY21
Although total public debt increased from Rs 36.398 trillion in FY20 to Rs 39.859 trillion in FY21, but keeping in view the GDP growth at a percentage of 3.9% during the period under review, the debt to GDP ratio declined considerably. According to the annual report “State of Economy 2020-21” released by State Bank of… Continue reading Gross public debt to GDP ratio falls in FY21
Timely completion of privatization programme govt’s top priority: Soomro
ISLAMABAD, Nov 25 (APP): Minister for Privatization Muhamamd Mian Soomro Thursday said completion of the privatization programme in the stipulated time was a top priority of the government. Chairing a meeting of the Privatization Board here, the minister said that the issues relating to privatization of the State-Owned Entities were being jointly resolved by different… Continue reading Timely completion of privatization programme govt’s top priority: Soomro
Promoting trade with African countries, govt top priority: Razak
ISLAMABAD, Nov 25 (APP):Advisor to the Prime Minister on Commerce, Abdul Razak Dawood Thursday said the incumbent government was giving foremost priority to promote and expand business and trade with the African countries. He was addressing the Pakistan-Africa Trade Development Conference in Lahogs, Nigeria, according to a message received here on Thursday. The conference was… Continue reading Promoting trade with African countries, govt top priority: Razak
Pak-Russia chambers of commerce join hands to promote bilateral trade
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
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
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