ISLAMABAD, Aug 31 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Tuesday approved funds to meet emergent liabilities of the Roosevelt Hotel Corporation (RHC) including payment of local taxes and utilities. The summary for funds was presented by the Aviation Division before ECC, the meeting of which was presided over by the… Continue reading ECC approves funds to meet RHC liabilities, grants Rs50bln TSG
Category: Business
Business news from Pakistan
PRMI, key initiative for modernization, regulation of local business: Secretary BOI
ISLAMABAD, Aug 30 (APP):Federal Secretary, Board of Investment (BOI), Fareena Mazhar on Monday said Pakistan Regulatory Modernization Initiatives (PRMI) was a key initiative of the government for the modernization and regulation of local business for providing a conducive business environment in the country. Implementation of these reforms, initiated by BOI, was part of the broader… Continue reading PRMI, key initiative for modernization, regulation of local business: Secretary BOI
Pakistan earns US $2123 million from IT services’ export during FY 2020-21
ISLAMABAD, Aug 29 (APP): Pakistan earned US $2123.035 million by providing different information technology (IT) services in various countries during the fiscal year 2020-21. This shows growth of 47.44 percent when compared to US $1439.970 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) reported.… Continue reading Pakistan earns US $2123 million from IT services’ export during FY 2020-21
Don’t worry about GSP-Plus status, says Dawood
LAHORE, Aug 28 (APP):Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Saturday that no one should be worried about Generalized Preferential System Plus (GSP-Plus) status by European Union (EU) as Pakistan had got two years extension in this status. He was talking to the media after inaugurating Pakistan Footwear Designers… Continue reading Don’t worry about GSP-Plus status, says Dawood
PM for encouraging exporters to boost Pakistan’s rice exports
ISLAMABAD, Aug 27 (APP): Prime Minister Imran Khan on Friday called for encouraging the rice exporters so that Pakistan got its maximum share in the international market and the country’s economy further stabilized. The Prime Minister expressed these views while presiding over a meeting of the National Export Development Board here. Finance Minister Shaukat Tarin,… Continue reading PM for encouraging exporters to boost Pakistan’s rice exports
Govt focusing on raising exports for strengthening economy: Razak
ISLAMABAD, Aug 27 (APP): Adviser to the Prime Minister on Commerce Abdul Razak Dawood Friday said his main focus was on raising exports which would help strengthening the country’s economy. He said this while addressing a press conference along with Minister for Finance Shaukat Tarin and other business leaders from the different Industrial sectors. Razak… Continue reading Govt focusing on raising exports for strengthening economy: Razak
Signing of Rs 27.8 bn Sialkot-Kharian motorway approved
ISLAMABAD, Aug 27 (APP): The Board of Directors’ meeting of Public-Private Partnership Authority (P3A) Friday approved signing of Rs 27.8 billion Sialkot-Kharian Motorway Project. The approval under first of its kind innovative transaction structure is a major breakthrough in development financing, Minister for Planning, Development and Special Initiatives Asad Umar said while chairing the meeting.… Continue reading Signing of Rs 27.8 bn Sialkot-Kharian motorway approved
Enhanced coop between Pakistan, Qatar beneficial for both countries people: Fakhar
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
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
