ISLAMABAD, Aug 27 (APP): Federal Minister for National Food and Security Syed Fakhar Imam Friday said bilateral cooperation between Qatar and Pakistan would further strengthened in different fields, which would be mutually beneficial for the people of both the countries. Talking to Qatar Ambassador Sheikh Saoud bin Abdulrahman Al Thani, he said Pakistan had immense… Continue reading Enhanced coop between Pakistan, Qatar beneficial for both countries people: Fakhar
Category: Business
Business news from Pakistan
LSM growth increases by 15%; breaks 10-year record: Khusro
ISLAMABAD, Aug 27 (APP): Minister for Industries Khusro Bakhtyar Friday said the country’s Large Scale Manufacturing (LSM) industries growth had increased by 15 percent in the fiscal year (FY) 2020-21 which was the highest score in 10 years. Addressing the press conference, he said due to COVID-19 outbreak, manufacturing and production sectors were badly affected… Continue reading LSM growth increases by 15%; breaks 10-year record: Khusro
Indicators affirm success in laying foundation for robust growth: Report
ISLAMABAD, Aug 26 (APP):All key economic indicators have been performing well, affirming the success of the government in laying a foundation for robust growth, according to the Three Years Performance Report released here Thursday. According to the report, the government had prepared a comprehensive roadmap for stability, growth and productive employment. It said, the government… Continue reading Indicators affirm success in laying foundation for robust growth: Report
Gwadar New Airport to be operational in September 2023
ISLAMABAD, Aug 26 (APP):The Parliamentary Committee on China Pakistan Economic Corridor (CPEC) was informed here on Thursday by the Secretary Aviation division that the progress on New Gwadar International Airport (NGIA) was on track and it would be fully operational by September, 2023. The meeting of the committee was presided over by its Chairman Sher… Continue reading Gwadar New Airport to be operational in September 2023
BOI hope to improve Pakistan’s EODB ranking below 100
ISLAMABAD, Aug 26 (APP):Federal Secretary, Board of Investment (BOI), Fareena Mazhar on Thursday said the World Bank’s coming, Ease of Doing Business (EODB) report 2021-22 to be issued in December this year, which is expected to further improve Pakistan’s ranking below 100. “Improving Pakistan’s ‘Ease of Doing Business Ranking’ will boost foreign investment in the… Continue reading BOI hope to improve Pakistan’s EODB ranking below 100
Over 63% surplus witnessed in Pak-US trade: SBP
ISLAMABAD, Aug 26 (APP):Pakistan’s goods and services trade with United State of America (USA) witnessed surplus of 63.58 percent during first month of current financial year (2021-22) as compared to the corresponding period of last year. The overall exports to USA were recorded at $ 503.118 million during July (2021-22) against exports of $337.228 million… Continue reading Over 63% surplus witnessed in Pak-US trade: SBP
Current economic situation revive confidence of businesses: Tarin
ISLAMABAD, Aug 25 (APP):Minister for Finance and Revenue ,Shaukat Tarin on Wednesday said that the current economic situation had revived the confidence of business community for rapid economic growth in the country. The minister briefed the members of Monetary and Fiscal Policies Coordination Board on the current economic situation of the country and highlighted the… Continue reading Current economic situation revive confidence of businesses: Tarin
ECC approves technical supplementary grant US $ 150 mln to NDMA for COVID-19
ISLAMABAD, Aug 25 (APP): The Economic Coordination Committee (ECC) Wednesday approved a technical supplementary grant amounting to Rs 24,555 million (US $150 million) to NDMA for procurement of vaccine for COVID-19 including transportation and handling charges in order to meet the target of 85 million population to be vaccinated by the end of year 2021.… Continue reading ECC approves technical supplementary grant US $ 150 mln to NDMA for COVID-19
Govt committed to incentivize fertilizer manufacturers, exporters: Tarin
ISLAMABAD, Aug 25 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin here on Wednesday reaffirmed government’s commitment to encourage and incentivize fertilizer manufacturers as well as exporters to meet domestic demand effectively. Chairing a meeting with the Chairman and other members of the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), the minister highlighted the… Continue reading Govt committed to incentivize fertilizer manufacturers, exporters: Tarin
Groundbreaking of KCR next month: Asad Umar
Country’s exports to reach at record levels by 2023: Razak Dawood
ISLAMABAD, Aug 25 (APP): Adviser to Prime Minister’s for Commerce and Investment, Abdul Razak Dawood on Wednesday said the government would take exports to record levels by 2023 with providing a better business environment for the industrial sector in the country. “Improving Pakistan’s ‘Ease of Doing Business Ranking’ will boost foreign investment in the country”… Continue reading Country’s exports to reach at record levels by 2023: Razak Dawood
Pak-Afghan bilateral trade shows sign of improvement
PESHAWAR, Aug 25 (APP): The bilateral trade between Pakistan and Afghanistan from Torkhem border post has showed signs of improvement in the wake of evolving situation in the region. Talking to APP, former senior Vice President of Pak-Afghan joint chamber of commerce and industry (PAJCCI) Zia-ul-Haq Sarhadi, said Taliban, after taking over, has taken a… Continue reading Pak-Afghan bilateral trade shows sign of improvement
Imam welcomes $50 mln credit facility, scholarships offered by Hungary
ISLAMABAD, Aug 25 (APP): Minister for National Food Security and Research Syed Fakhar Imam on Wednesday welcomed $50 million credit facility for food processing and water conservation, besides 200 scholarship for Pakistani students offered by the Government of Hungary. Talking to Hungarian Charge d’affairs, Tivadar Takacs, who call on him, Imam said that the government… Continue reading Imam welcomes $50 mln credit facility, scholarships offered by Hungary
Tarin stresses to provide industrial input at affordable prices
ISLAMABAD, Aug 24 (APP): Federal Minister for Finance Shoukat Tarin Tuesday stressed the need to provide industrial inputs such as cement and steel at affordable prices to carry forward the momentum of economic recovery amid COVID-19 as well as in post-COVID-19 scenario. He emphasized to reduce the prices of cement as the cement industry was… Continue reading Tarin stresses to provide industrial input at affordable prices
Pakistan, Egypt agree to work for establishing joint Business Council
ISLAMABAD, Aug 24 (APP):Pakistan and Egypt here on Tuesday agreed to work on the idea of establishing a Pakistan-Egypt Business Council and forging closer collaboration between the ministries of finance of both the countries. The agreement was made during a call on meeting of Ambassador of the Arab Republic of Egypt, Tarek Mohamed Dahroug with… Continue reading Pakistan, Egypt agree to work for establishing joint Business Council
Govt release Rs 6 billion under DLTL schemes for industries: Razak Dawood
ISLAMABAD, Aug 24 (APP):Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday has released Rs 6 billion under Drawback on Local Taxes and Levies (DLTL) schemes. This includes Rs. 5.6 billion for Textiles sector and Rs. 400 million for Non-Textile sector, the Adviser said this on his official twitter account. “I… Continue reading Govt release Rs 6 billion under DLTL schemes for industries: Razak Dawood
Investors to be facilitated to transform Pakistan a hub of manufacturing economic activities: SAPM
FAISALABAD, Aug 24 (APP):Special Assistant to Prime Minister on China-Pakistan Economic Corridor Affairs, Khalid Mansoor on Tuesday said the government was taking comprehensive measures to provide maximum facilities to investors at economic zones with an aim to transform Pakistan a hub of manufacturing economic activities. He was talking to the media at Faisalabad Industrial Estate… Continue reading Investors to be facilitated to transform Pakistan a hub of manufacturing economic activities: SAPM
Italy appreciates Pakistan’s support for political settlement in Afghanistan
ISLAMABAD, Aug 24 (APP):Former Deputy Prime Minister and Leader of the second largest political party in both houses of the Italian Parliament Senator Matteo Salvini on Tuesday appreciated Pakistan’s support to a political settlement and inclusive dispensation in Afghanistan. Senator Matteo Salvini called on Pakistan’s Ambassador in Italy, Jauhar Saleem at the embassy of Pakistan,… Continue reading Italy appreciates Pakistan’s support for political settlement in Afghanistan
Pakistan receives US$2.75 billion from IMF
ISLAMABAD, Aug 24 (APP): The State Bank of Pakistan (SBP) has received US$ 2.75 billion from the International Monetary Fund (IMF), as part of Special Drawing Rights (SDR) allocation announced by the fund recently, the central bank confirmed through a tweet here Tuesday. “#SBP has received US$ 2.75 billion from the IMF, as part of… Continue reading Pakistan receives US$2.75 billion from IMF
Tarin welcomes trust of business community over economic policies
ISLAMABAD, Aug 23 (APP):The Federal Minister for Finance and Revenue Shaukat Tarin on Monday welcomed the trust and confidence shown by the business community in Pakistan over the economic policies of the present government. The recently conducted Business Confidence Index (BCI) Survey- Wave 20 by OICCI has indicated that the overall BCI has increased by… Continue reading Tarin welcomes trust of business community over economic policies
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- Pak-US officials engage to enhance trade, investment ties
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