Vegetables exports witnessed record increase of 82.88%

ISLAMABAD, Oct 12 (APP):The exports of Vegetables during the first two month of FY 2021-22 grew by 82.88 percent as compared to the exports of the corresponding period of the last year. During the period from July-Aug 21, vegetables worth the US $ 38,276 thousand were exported as compared to the US $ 20,929 thousand… Continue reading Vegetables exports witnessed record increase of 82.88%

1st truck with Pakistani goods reaches Turkey Via Iran: Razak Dawood

ISLAMABAD, Oct 12 (APP): Advisor to Prime Minister on Commerce, Razak Dawood Tuesday announced with pleasure that the first truck of National Logistic Cell (NLC), with Pakistani Goods reached Turkey via Iran. He tweeted here on Tuesday that the NLC truck had left Karachi on September 28 and reached Istanbul on October 7, covering the… Continue reading 1st truck with Pakistani goods reaches Turkey Via Iran: Razak Dawood

ECC approves maximum supply of gas to fertilizer plants

ISLAMABAD, Oct 11 (APP): The Economic Coordination Committee (ECC) of the Cabinet Monday approved a summary for provision of maximum quantity of gas to Pak-Arab Fertilizer Plant and Fauji Fertlizer Bin Qasim Limited (FFBQL) to help stabilize urea prices. The meeting of the cabinet committee was chaired by Federal Minister for Finance and Revenue, Shaukat… Continue reading ECC approves maximum supply of gas to fertilizer plants

Pakistan, Saudi Arabia agree to further strengthen economic ties

ISLAMABAD, Oct 11 (APP): Pakistan and Saudi Arabia Monday agreed to further strengthen economic and business ties between the two brotherly countries. The agreement was reached during a call on meeting of Ambassador of Saudi Arabia, Nawaf Bin Said Al-Malki with the Federal Minister for Finance and Revenue, Shaukat Tarin. According to a press statement… Continue reading Pakistan, Saudi Arabia agree to further strengthen economic ties

Asad appreciates efforts for data collection in health through CRVS

ISLAMABAD, Oct 11 (APP): Minister for Planning, Development, and Special Initiatives, Asad Umar on Monday appreciated the efforts for data collection of country’s population in the health sector through Civil Registration Vital Statistics (CRVS). Asad Umar was speaking via video link at the Tool Kit launching ceremony here organized in collaboration with United Nations Children’s… Continue reading Asad appreciates efforts for data collection in health through CRVS

CPEC projects benefiting local communities in Pakistan: Nong Rong

ISLAMABAD, Oct 11 (APP): Ambassador of China to Pakistan Nong Rong Monday said that the projects under China Pakistan Economic Corridor (CPEC) were benefiting the local communities in Pakistan and providing thousands to jobs to them. He said the power plants at Thar block-II had so far provided over 1838 jobs to the locals and… Continue reading CPEC projects benefiting local communities in Pakistan: Nong Rong

Foreign Currency Account Scheme

KARACHI, Oct 11 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Monday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 12 10 21 For 3 monthsand… Continue reading Foreign Currency Account Scheme

NBP Exchange Rates

KARACHI, Oct 11 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 170.95 170.45EURO EUR 198.16 197.58 JAPANESE YEN JPY 1.5176 1.5131BRITISH POUND GBP 233.14 232.46SWISS FRANC CHF 184.12 183.59 CANADIAN DOLLAR CAD 137.14 136.74AUSTRALIAN DOLAR AUD 125.10 124.73SWEDISH… Continue reading NBP Exchange Rates

Pak, Italy business cooperation should be cemented: Italian Envoy

ISLAMABAD, Oct 10 (APP):The Ambassador of Italy to Pakistan Andreas Ferrarese on Sunday said the business communities of Pakistan and Italy needed to be brought closer for enhancing bilateral trade and investment cooperation. There were vast opportunities for bilateral trade and investment cooperation between Pakistan and Italy from which businessmen and traders of both the… Continue reading Pak, Italy business cooperation should be cemented: Italian Envoy

Gas transmission network being reinforced with 18,731-km additional pipelines

ISLAMABAD, Oct 10 (APP):The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) would lay around 18,731-kilometer (km) pipelines in their respective areas to strengthen their network transmission and distribution networks during the current fiscal year. Last year, the companies laid around 3,540 km pipelines against the target of… Continue reading Gas transmission network being reinforced with 18,731-km additional pipelines

Govt launched projects for economic revival: Shaukat Tareen

LAHORE, Oct 09 (APP):Federal Finance Minister Shaukat Tareen said on Saturday that present government was working out short, medium and long-term projects to revive the dwindled economy of the country. He was addressing as chief guest at an alumni dinner organized by Punjab University’s Institute of Business Administration (PU-IBA). The dinner was also attended by… Continue reading Govt launched projects for economic revival: Shaukat Tareen

Italy, Pakistan’s potential trading partner in EU: ICCI President

ISLAMABAD, Oct 09 (APP): Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir Saturday said that Italy was a potential trading partner of Pakistan in the European Union (EU), where our trade surplus is going. Italy has the largest number of Pakistani immigrants in Europe which were a key component of the people… Continue reading Italy, Pakistan’s potential trading partner in EU: ICCI President

Finance ministry rejects World Bank’s projection for Pakistan’s GDP growth

ISLAMABAD, Oct 8 (APP):The government on Friday rejected the World Bank’s projection about Pakistan’s Gross Domestic Product (GDP) growth rate for current and upcoming fiscal year saying it was based on unrealistic assessment and that the GDP growth rate for fiscal year 2021-22 would go up close to 5% against the WB’s forecast of 3.4%.… Continue reading Finance ministry rejects World Bank’s projection for Pakistan’s GDP growth

CCoE approves summary to establish new LNG terminals

ISLAMABAD, Oct 8 (APP):The Cabinet Committee on Energy (CCoE) approved on Friday the summary submitted by the Ministry of Maritime Affairs on the report of the Inter-Ministerial Committee on the establishment of new Liquefied Natural Gas (LNG) Terminals. The meeting of the Committee was held here under the chairmanship of Minister for Planning, Development and… Continue reading CCoE approves summary to establish new LNG terminals

Workers’ remittances up 16.9% to $2.7bn in Sep

ISLAMABAD, Oct 8 (APP): The overseas Pakistani workers’ remittances continued strong trend and remained above $ 2 billion mark for 16th consecutive month as the remittances recorded $2.7 billion in September 2021. In terms of growth, the remittances increased by 0.5% over previous month and soared by 16.9% over the same month last year, according… Continue reading Workers’ remittances up 16.9% to $2.7bn in Sep

Pakistan’s poverty rate to ease in FY22: World Bank

ISLAMABAD, Oct 8 (APP):The World Bank has projected Pakistan’s poverty rate to ease from current 4.8% to 4.4% in Fiscal year 2021-22 and 4.0% in next fiscal year (2022-23). The World Bank has set the extreme poverty line at $1.9 per person per day, however since 2017, the World Bank has also been reporting poverty… Continue reading Pakistan’s poverty rate to ease in FY22: World Bank

Currency rates of NBP

KARACHI, Oct 08 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYINGUSD 173.06 169.14GBP 235.55 230.15EUR 199.95 195.72 JPY 1.5476 1.5123SAR 46.20 45.05AED 47.13 46.35

Foreign exchange rates

KARACHI, Oct 08 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. 6 MONTHS US DOLLAR 0.1561 08.10.2021 CONVERSION RATES FOR 8TH OCTOBER 2021 FOR FOREIGN… Continue reading Foreign exchange rates

FBR issues clarification on news item publish in a paper

ISLAMABAD, Oct 07 (APP):The Federal Board of Revenue (FBR) on Thursday issued a clarification about a news item appearing in Daily Express Tribune on ‘Regional and Large Tax Offices’. The FBR has issued a clarification about a news item appearing in Daily Express Tribune wherein it is alleged in the news story that FBR had… Continue reading FBR issues clarification on news item publish in a paper

Pakistan committed to abide by obligations under int’l conventions covered by GSP-Plus regime: Sec Commerce

BRUSSELS, Oct 7 (APP): Secretary Commerce Muhammad Sualeh Ahmad Faruqui has reiterated Pakistan’s commitment to abide by all obligations under the international conventions covered by Generalized System of Preferences (GSP+). The Secretary Commerce reiterated the country’s commitment as he held one-on-one meetings with some of the leading Members of European Parliament (MEPs) during his 4-6… Continue reading Pakistan committed to abide by obligations under int’l conventions covered by GSP-Plus regime: Sec Commerce

Category: Business

Business news from Pakistan