FPCCI, GB Govt to organize an international investment conference

ISLAMABAD, Jul 14 (APP): Chairman Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Qurban Ali Wednesday informed that FPCCI in collaboration with Gilgit-Baltistan (GB) government would organize an international investment conference on GB. Chairman FPCCI called on Gilgit-Baltistan Chief Minister (CM) Muhammad Khalid Khurshid at his office here. They discussed a wide range of… Continue reading FPCCI, GB Govt to organize an international investment conference

Pak, Uzbekistan vow to boost bilateral trade, economic ties

ISLAMABAD, Jul 14 (APP): Pakistan and Uzbekistan on Wednesday agreed for boosting bilateral trade and economic ties to enhance economic integration and connectivity between Pakistan and Central Asian States (CARs). The two sides joins hands to attract leading companies in pharmaceuticals, textile, leather, production of construction materials and agriculture industries, said a press release issued… Continue reading Pak, Uzbekistan vow to boost bilateral trade, economic ties

Govt. working to ensure availability of certified inputs to overcome agri challenges

ISLAMABAD, Jul 14 (APP): Minister for National Food Security and Research Syed Fakhar Imam on Wednesday said the government was working to ensure availability of quality seeds, development of cold storage facilities and farm mechanization to enhance per-acre output of major crops. Addressing the international conference on “Best practices for building sustainable food systems in… Continue reading Govt. working to ensure availability of certified inputs to overcome agri challenges

Govt to provide Rs 28 billion subsidy on purchase of agri-tools: Cheema

ISLAMABAD, Jul 14 (APP): Special Assistant to Prime Minister on National Food Security Jamshed Iqbal Cheema here on Wednesday said the government would provide Rs 28 billion subsidy on the purchase of agriculture tools and equipments to mechanize local agriculture sector for enhancing per-acre output. He said the list of agriculture tools was increased from… Continue reading Govt to provide Rs 28 billion subsidy on purchase of agri-tools: Cheema

Rupee recovers 38 paisas against dollar

ISLAMABAD, Jul 14 (APP): The exchange rate of Pakistan rupee recovered 38 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs 159.12 as compared to the previous day’s closing of Rs 159.50. According to Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open… Continue reading Rupee recovers 38 paisas against dollar

Govt disburses 100% funds allocated for water resources, NTDC, PEPCO projects under PSDP 2020-21

ISLAMABAD, Jul 14 (APP): The government has released 100 percent funds for various water resource, National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO) projects allocated under the Public Sector Development Programme (PSDP 2020-21). According to the data of Planning Commission, an amount of Rs71,734.046 million was allocated for various water resource… Continue reading Govt disburses 100% funds allocated for water resources, NTDC, PEPCO projects under PSDP 2020-21

Pakistan receives $1 billion against Euro bonds

ISLAMABAD, Jul 14 (APP): The State Bank of Pakistan (SBP) on Wednesday received US$1.0 billion proceeds of the government’s tap offering of its recently issued Euro Bond. According to a tweet of the central bank, the SBP’s foreign exchange reserves as on July 13, 2021 had reached US$18.2bn, the highest level since January 2017.

Govt launching poverty-alleviation ‘Kamyab Pakistan’ programme on July 29

ISLAMABAD, Jul 14 (APP): The government is all set to launch the country’s biggest welfare ‘Kamyab Pakistan’ programme on July 29, which envisages pulling around 4 million families out of poverty, Federal Minister for Finance and Revenue, Shaukat Tarin said Wednesday. During a meeting with Special Assistant to Prime Minister (SAPM) on Youth Affairs, Usman… Continue reading Govt launching poverty-alleviation ‘Kamyab Pakistan’ programme on July 29

LSM grows by 37 pc in May, 14.56 pc in 11 months

ISLAMABAD, Jul 14 (APP): The Large Scale Manufacturing Industries (LSMI) production grew up by 36.84 percent on year-on-year basis during the month of May 2021 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. LSMI Quantum Index Number (QIM) was recorded at 139.55 points during May 2021 against 101.98… Continue reading LSM grows by 37 pc in May, 14.56 pc in 11 months

Uzbekistan taking interest in Gawadar for boosting business: Dawood

ISLAMABAD, Jul 13 (APP):Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood, on Tuesday said that Uzbekistan was taking interest in Gawadar for boosting business to other part of the region. In an interview with a private television channel, he said that Uzbekistan had asked Pakistan for acquiring a piece of land to… Continue reading Uzbekistan taking interest in Gawadar for boosting business: Dawood

Razak Dawood to leave for Tashkent (Uzbekistan) today

ISLAMABAD, Jul 13 (APP):The Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood, will leave for Tashkent (Uzbekistan) on Tuesday, accompanied by officials of the government and a large business delegation. He will attend the 6th Session of Pakistan-Uzbekistan Joint Ministerial Commission to held on July 14, followed by the Pakistan-Uzbekistan “Silk Route… Continue reading Razak Dawood to leave for Tashkent (Uzbekistan) today

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Pak-Uzbekistan negotiate to enhance cooperation in various sectors

ISLAMABAD, Jul 13 (APP):Pakistan and Uzbekistan are launching talks to enhance bilateral trade and economic ties and cooperation in various fields in upcoming visit of Prime Minister Imran Khan. Uzbekistan and Pakistani Intergovernmental Commission (IGC) on Trade-Economic and Scientific-Technical Cooperation to be held in Tashkent on July 14, said a news release issued by Board… Continue reading Pak-Uzbekistan negotiate to enhance cooperation in various sectors

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SBP asks banks to augment consumer grievance handling mechanism

KARACHI, Jul 13 (APP): The State Bank of Pakistan (SBP) has directed all the banks to enhance the grievance handling mechanism by ensuring ease to consumer in lodging a complaint and its quick and fair disposal at their end. According to a SBP press release, the directives were issued based on the findings of the… Continue reading SBP asks banks to augment consumer grievance handling mechanism

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Workers’ remittances soar all time high to $29.4 bn in FY21

ISLAMABAD, Jul 13 (APP): The overseas Pakistani workers’ remittances posted a historic annual high of US$29.4 billion during the year 2020-21 (Jul-Jun), showing an increase of 27 percent when compared with the preceding years’ remittances worth of $23.13 billion. “With inflows of around $2.7 billion in June 2021, workers’ remittances continued their unprecedented streak of above… Continue reading Workers’ remittances soar all time high to $29.4 bn in FY21

NEPRA notifies 26 paisa reduction in power tariff for May

ISLAMABAD, Jul 12 (APP): The National Electric Power Regulatory Authority (NEPRA) on Monday notified 26 paisa reduction in power tariff for May under the monthly fuel cost adjustment (FCA) mechanism. The Central Power Purchase Agency (CPPA) had sought reduction of 12 paisa in the tariff, having Rs 1.5 billion benefit to the consumers for the… Continue reading NEPRA notifies 26 paisa reduction in power tariff for May

NAB Karachi to file reference against Hafeez Shaikh, 2 FBR ex-chairmen

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KARACHI, Jul 12 (APP): National Accountability Bureau Regional Board Karachi on Monday recommended to file a reference against former finance minister and two Ex-chairmen of FBR on charges of misuse of authority, causing loss of over US$ 11 million to national kitty. The Regional Board meeting- held here with DG NAB Karachi Dr. Najaf Quli… Continue reading NAB Karachi to file reference against Hafeez Shaikh, 2 FBR ex-chairmen

Sports goods exports fall 1.06% in 11 months

ISLAMABAD, Jul 12 (APP): The exports of sports goods have witnessed a decrease of 1.06 percent during the first eleven months of fiscal year (2020-21) as compared to the exports of corresponding period of last year. Pakistan exported sports goods worth US $241.270 million during July-May (2020-21) against the exports of $243.853 million during July-May… Continue reading Sports goods exports fall 1.06% in 11 months

Govt. releases 100% petroleum sector funds allocated under PSDP 2020-21

ISLAMABAD, Jul 12 (APP): The government has provided 100 per cent funds, amounting to Rs1,339.589 million, allocated under the Public Sector Development Programme (PSDP 2020-21) to execute petroleum sector projects. According to the official data that showed a slight readjustment in funds’ allocation, an amount of Rs1,339.589 million had been authorized in the last fiscal… Continue reading Govt. releases 100% petroleum sector funds allocated under PSDP 2020-21

Only 20 percent of above 50 years receive vaccine: Asad

Sustainability in exports only recipe to cope with economic challenges: Asad Umar

ISLAMABAD, Jul 11 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Sunday urged the citizens aged 50 years or above to get vaccinated to make themselves safe from the Covid-19 pandemic. In his tweet, the minister said Pakistan had 27.2 million people who were 50 years or older. “This age group is the most… Continue reading Only 20 percent of above 50 years receive vaccine: Asad

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BOI creating $50 billion FDI opportunities by 2023: Fareena

Fareena Mazhar

ISLAMABAD, Jul 11 (APP):The Board of Investment (BOI) is actively pursuing strategies to create opportunities for $50 billion Foreign Direct Investment (FDI) in the country by 2023 under its new investment plan, an official of the board told APP. “The BOI’s main priority is to attract investment in various sectors from big economies of the… Continue reading BOI creating $50 billion FDI opportunities by 2023: Fareena

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