Currency rates of NBP

KARACHI, Sep 30 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYINGUSD 172.66 168.75GBP 232.36 227.06EUR 200.36 196.16JPY 1.5434 1.5083SAR 46.08 44.94AED 47.02 46.24

Chinese company to establish milk farming units in Pakistan

ISLAMABAD, Sep 29 (APP): Royal Group of China, a Chinese company is set to establish buffalo milk farming units across Pakistan to produce high quality fresh milk, milk powder, cheese, and other dairy products in the country. Chief Executive Royal Group of China informed Federal Minister for Planning, Development, and Special Initiatives Asad Umar during… Continue reading Chinese company to establish milk farming units in Pakistan

Omar Ayub chairs meeting to discuss economic cooperation with Afghanistan

ISLAMABAD, Sep 29 (APP): Minister for Economic Affairs Omar Ayub Khan has said that Pakistan is keen to support the people of Afghanistan to address their socio-economic challenges. He said this while chairing a high-level meeting held here to discuss the bilateral economic cooperation with Afghanistan, said a press release. The meeting was attended by… Continue reading Omar Ayub chairs meeting to discuss economic cooperation with Afghanistan

Pakistan withdraws ban on exports of poultry, products to Afghanistan: Ambassador Sadiq

ISLAMABAD, Sep 28 (APP): Pakistan’s Special Representative for Afghanistan Ambassador Mohammad Sadiq on Tuesday said that Pakistan has withdrawn ban on the exports of poultry and poultry products to Afghanistan. “It would not only reduce the prices of poultry in Afghanistan but would also ensure the supply of fresh chicken and eggs to the general… Continue reading Pakistan withdraws ban on exports of poultry, products to Afghanistan: Ambassador Sadiq

Pakistan’s regional exports increase 34.75% in July-August 2021

ISLAMABAD, Sep 28 (APP):Pakistan’s exports to the seven regional countries witnessed an increase of 34.75 percent in first two months of current financial year (2021-22) as compared to the corresponding months of last year. The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for a… Continue reading Pakistan’s regional exports increase 34.75% in July-August 2021

Senate body directs to address issues of Chinese investors on priority

ISLAMABAD, Sep 27 (APP): The Senate Standing Committee on Planning, Development and Special Initiatives Monday directed the concerned authorities to address all the issues faced by the Chinese investors working especially under China Pakistan Economic Corridor (CPEC). The meeting held under the chairmanship of Senator Saleem Mandviwalla, discussed in detail the issues being faced by… Continue reading Senate body directs to address issues of Chinese investors on priority

Govt committed to engage IMF to broaden economic development in country: Khusro

ISLAMABAD, Sep 27 (APP): Federal Minister for Industries and Production Makhdum Khusro Bakhtyar Monday said the government is committed to engage the International Monitoring Fund (IMF) to broaden the economic development in the country. He said this while talking to IMF County Representative for Pakistan Teresa Daban Sanchez who made farewell courtesy call on him.… Continue reading Govt committed to engage IMF to broaden economic development in country: Khusro

Pakistan offers 100 scholarships to Afghan students, Rs 100 mln relief goods to Afghanistan: SAARC Chief

ISLAMABAD, Sep 26 (APP):President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik Sunday disclosed that Pakistan has offered 100 scholarships to Afghan students besides despatching Rs 100 million relief goods to Afghanistan. Talking to a delegation of donors and philanthropists led by Mian Muhammad Saeed Deraywalay, President Anjuman-I-Arain Pakistan, he said valiant people of… Continue reading Pakistan offers 100 scholarships to Afghan students, Rs 100 mln relief goods to Afghanistan: SAARC Chief

Footwear exports surge 23.7pc in 2 months

ISLAMABAD, Sep 26 (APP):The export of footwear from the country increased by 23.72% during first two months of Fiscal Year 2021-22 against same period of the previous year. The footwear exports rose to US$26.787 million in July-August (2021-22) compared to the export of $21.65 million during same period of last year. On year-on-year and month-on-month… Continue reading Footwear exports surge 23.7pc in 2 months

PFC to participate actively in Dubai Expo: Mian Kashif

LAHORE, Sep 26 (APP):Pakistan Furniture Council (PFC) is all set to ensure active participation in Dubai Expo commencing from October 1 to display world-class hand crafted vast range of Pakistani furniture. Talking to a delegation of furniture exporters led by the Chaudhary Muhammad Ashfaq Kamboh here on Sunday, the PFC Chief Executive Officer Mian Kashif… Continue reading PFC to participate actively in Dubai Expo: Mian Kashif

Pakistan entered in 4G Smartphone export market: Dawood

ISLAMABAD, Sep 25 (APP): Adviser to Prime Minister on Commerce and Industry, Abdul Razak Dawood on Saturday informed that Pakistan has become a 4G Smartphone exporter within a short period of time. “I would like to congratulate ‘Airlink Communications’ in playing an integral role in this process and exporting their first batch of 1500 locally… Continue reading Pakistan entered in 4G Smartphone export market: Dawood

Tarin hails progress of PSW on EODB

APP68-240921 ISLAMABAD: September 24 - Federal Minister for Finance and Revenue Mr. Shaukat Tarin, presides over the first meeting of Governing Council of Pakistan Single Window (PSW) at the Finance Division. APP

ISLAMABAD, Sep 24 (APP): Federal Minister for Finance and Revenue Shaukat Tarin on Friday hailed the progress of Governing Council of Pakistan Single Window (PSW) for Ease of Doing Business (EODB) in the country. The Federal Minister for Finance and Revenue Shaukat Tarin, presided over the first meeting of Governing Council of Pakistan Single Window… Continue reading Tarin hails progress of PSW on EODB

ECNEC approves Rs 20.7 bn KCR project

ISLAMABAD, Sep 24 (APP):Executive Committee of National Economic Council Friday approved the Rs. 20.7 billion infrastructure project for Karachi Circular Railway (KCR). The meeting presided over by Minister for Finance and Revenue Shaukat Tarin considered and approved a summary presented by the Planning Commission regarding the construction of infrastructure for the elimination of level crossings… Continue reading ECNEC approves Rs 20.7 bn KCR project

NBP Exchange Rates

KARACHI, Sep 24 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 169.40 168.90EURO EUR 199.24 198.65 JAPANESE YEN JPY 1.5344 1.5299BRITISH POUND GBP 232.54 231.86SWISS FRANC CHF 183.24 182.70 CANADIAN DOLLAR CAD 133.70 133.30AUSTRALIAN DOLAR AUD 123.65 123.29SWEDISH KRONA… Continue reading NBP Exchange Rates

Foreign exchange rates

KARACHI, Sep 24 (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 0.1555 24.09.2021 CONVERSION RATES FOR 24TH SEPTEMBER 2021 FOR FOREIGN… Continue reading Foreign exchange rates

ECC approve sugar import tenders of 50,000 MT

ISLAMABAD, Sep 23 (APP): The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved to import 50,000 MT sugar to maintain sufficient stock in the country. The ECC approved to import sugar in 03 segregated tenders of 50,000 MT each so that there is more participation and increased competition when international prices fall down,… Continue reading ECC approve sugar import tenders of 50,000 MT

CPEC continues successfully in challenging times, Phase-II projects meeting deadlines; Asad Umar

ISLAMABAD, Sep 23 (APP): Federal Minister for Planning, Development and Special Initiatives said Thursday that despite many challenges, the game-changer China Pakistan Economic Corridor (CPEC) was progressing successfully as many projects under the corridor have been completed in accordance with their set deadlines. The development on CPEC project continued despite Covid-19 pandemic that had hit… Continue reading CPEC continues successfully in challenging times, Phase-II projects meeting deadlines; Asad Umar

Diplomats asked to focus on trade diplomacy for promoting Pakistan’s economic interests

ISLAMABAD, Sep 22 (APP): A 21-member delegation of trainee officers of the Foreign Service of Pakistan led by Muhammad Wasif, Director (Programs), Foreign Service Academy visited the Islamabad Chamber of Commerce and Industry (ICCI) and exchanged views with the business community on challenges and opportunities for the Pakistan’s economy. Addressing the delegation, Sardar Yasir Ilyas… Continue reading Diplomats asked to focus on trade diplomacy for promoting Pakistan’s economic interests

Inflation on decline, govt announces reduction in ghee, sugar, flour prices

Announcing reduction in the prices of various essential food items, Federal Minister for Finance and Revenue, Shaukat Tarin said Wednesday that despite highest increase of inflation in a decade worldwide, inflation has declined in the country, owing to balanced policies of the government. “The Consumer Price Index (CPI) based inflation has come down from 9.3… Continue reading Inflation on decline, govt announces reduction in ghee, sugar, flour prices

Pak-Afghan trade now picking up: SAARC-CCI president

LAHORE, Sep 21 (APP): South Asian Association for Regional Cooperation-Chamber of Commerce and Industry (SAARC-CCI) President Iftikhar Ali Malik said on Tuesday that Pak-Afghan trade was now picking up at good pace, as it swelled by 60 per cent last week. Talking to a delegation of exporters, led by Syed Yawer Abbas Bahawalpuri here, he… Continue reading Pak-Afghan trade now picking up: SAARC-CCI president

Category: Business

Business news from Pakistan