Pilot project of chilli farming completes under CPEC: Asim Bajwa

ISLAMABAD, Jun 20 (APP): Chairman China Pakistan Economic Corridor (CPEC) Authority, Lt. Gen (retd) Asim Saleem Bajwa on Sunday said the pilot project of Chilli farms in the country had been completed with cooperation of the Chinese agricultural experts. “Pilot project of Chilli Farm with100 acres is completed,” he said in his tweet, adding that… Continue reading Pilot project of chilli farming completes under CPEC: Asim Bajwa

Poultry sector demands tax relief on inputs to keep prices down

ISLAMABAD, Jun 20 (APP): Central Chairman of Pakistan Poultry Association (PPA) Khalil Sattar on Sunday demanded for tax reduction on poultry inputs to avoid fluctuation in price of poultry items and keep the poultry prices down for the consumers. “Prolonged prevalence of COVID-19, disruption in global and local supply chain including import of poultry grandparents,… Continue reading Poultry sector demands tax relief on inputs to keep prices down

FBR starts operation against unregistered units

ISLAMABAD, Jun 18 (APP): In a drive against against violators of Sales Tax Act, 1990, Federal Board of Revenue’s Directorate of Intelligence and Investigation-Inland Revenue, Lahore has conducted proceedings against three unregistered units, manufacturing Plastic Footwear. The units were engaged in manufacturing and making taxable supplies of Plastic Footwear involving huge consumption of electricity but… Continue reading FBR starts operation against unregistered units

Pak-China cooperation in agriculture sector to boost local output of agri-products:Imam

ISLAMABAD, Jun 18 (APP): Minister for National Food Security and Research Syed Fakhar Imam on Friday said that Pak-Cina cooperation in agriculture sector will help to boost output of local agriculture sector. Addressing a webinar organized by China-Pakistan Agriculture and Industrial Cooperation Imam said that China possesses advancement in agriculture sector as compared to Pakistan… Continue reading Pak-China cooperation in agriculture sector to boost local output of agri-products:Imam

COVID-19 vaccine procurement top priority of govt: Finance Minister

ISLAMABAD, Jun 18 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Friday said that providing safety to our citizens through the timely procurement of vaccine is foremost priority of the government. While chairing the meeting, he directed Economic Affairs Division (EAD) to start the process of availing the credit lines with our development partners… Continue reading COVID-19 vaccine procurement top priority of govt: Finance Minister

Tarin for launch of New-Auto policy

ISLAMABAD, Jun 18 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Friday assured his full support for the final launch of the New-Auto Policy. He said this in a meeting to review and finalize the new Auto-Policy, said a press release. The Minister for Industries and Production Makhdoom Khusro Bakhtiyar has briefed the meeting… Continue reading Tarin for launch of New-Auto policy

Bulls return as PSX gains 81.04 points, closes at 48,238 points

ISLAMABAD, Jun 18 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around Friday and witnessed bullish trend, gaining 81.04 points, with positive change of 0.17 percent, closing at 48,238.67 points against 48,157.63 points on the last working day. A total of 750,651,177 shares were traded during the day compared to the trade… Continue reading Bulls return as PSX gains 81.04 points, closes at 48,238 points

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FBR constitutes committees to remove anomalies in finance bill- 2021

ISLAMABAD, Jun 18 (APP): Chairman, Federal Board of Revenue (FBR), Asim Ahmad Friday constituted anomaly committees (technical and business) in order to identify and remove the technical and legal anomalies in the Finance Bill 2021. The anomaly committee-technical would be chaired by Naeem Akhtar Sheikh, UHY Hassan Naeem and Co. whereas, the Co-Chairmen of the… Continue reading FBR constitutes committees to remove anomalies in finance bill- 2021

Shipping Activity at Port Qasim

KARACHI, Jun 18 (APP): Four ships, Sunbird Arrow, Aristomenis, Jeeppesen Merask and Jasco Zhang Zgou scheduled to load/offload, Bitumen, Containers and Coal were allotted berths at Multi-Purpose Terminal, Container Terminal and Bulk Terminal respectively on Thursday. Meanwhile three more ships, Xpree Euphrates, BBC Diamond and Ashley Lady carrying Containers, Project cargo and Gas oil also… Continue reading Shipping Activity at Port Qasim

Currency rates of NBP

KARACHI, Jun 18 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYING USD 158.77 155.13 GBP 221.14 216.06 EUR 189.30 185.27 JPY 1.4410 1.4080 SAR 42.38 41.32 AED 43.24 42.51

Foreign exchange rates

KARACHI, Jun 18 (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. LIBOR VALUE 6 MONTHS US DOLLAR 0.1519 18.06.2021 CONVERSION RATES FOR 18TH JUNE… Continue reading Foreign exchange rates

CCoE approves AEDB, PPIB merger

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ISLAMABAD, Jun 17 (APP): The Cabinet Committee on Energy (CCoE) on Thursday approved the summary submitted by Power Division proposing merger of two institutions, Alternative Energy Development Board (AEDB) and Private Power and Infrastructure Board (PPIB). After detailed discussion, the committee recommended to submit the proposal for approval in the Cabinet. The meeting was held… Continue reading CCoE approves AEDB, PPIB merger

Domestic tractors witness 65.36% growth in last 10 months: Razak

ISLAMABAD, Jun 17 (APP): Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood Thursday said the domestic tractor assembling witnessed about 65.36 percent growth during ten months of the current fiscal year 2021-22. During the period from July to April 2020-21, around 41,327 tractors were locally assembled as compared to the assembling… Continue reading Domestic tractors witness 65.36% growth in last 10 months: Razak

Govt provides relief to low income people on Budget 2021-22: Asad

ISLAMABAD, Jun 17 (APP): The Federal Minister for Planning, Reforms and Special Initiative, Asad Umer on Thursday said the government has provided relief to low income people and underdeveloped regions for achieving inclusive economic development in Budget 2021-22. “We are committed for inclusive development to remove discrimination among all four provinces, including the marginalized districts… Continue reading Govt provides relief to low income people on Budget 2021-22: Asad

Tarin for promoting banking sector’s outreach to achieve mobilization of resources, growth

ISLAMABAD, Jun 17 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Thursday assured his full support for the promotion of banking sector’s outreach to achieve mobilization of resources, growth, development and jobs creation. He said this during his meeting with State Bank of Pakistan (SBP) Governor Dr Reza Baqir, who called on him here,… Continue reading Tarin for promoting banking sector’s outreach to achieve mobilization of resources, growth

PSX loses 323.27 points, close at 48,157 points

ISLAMABAD, Jun 17 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 323.27 points, with negative change of 0.67 per cent, closing at 48,157.63 points against 48,480.90 points on the last working day. A total of 1,117,427,764 shares were traded during the day compared to the trade of… Continue reading PSX loses 323.27 points, close at 48,157 points

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Razak appreciates launching of PRMI reforms for EODB

ISLAMABAD, Jun 16 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday appreciated the Board of Investment (BOI) for launching Regulatory Modernization Initiative Strategy (PRMI) reforms for enhancing the Doing Business (EODB) at gross root level industries. The BOI has launched Regulatory Modernization Initiative Strategy (PRM) reforms to further strengthen… Continue reading Razak appreciates launching of PRMI reforms for EODB

SMEDA, Extreme Commerce stresses for SMEs linkage with global value chain

ISLAMABAD, Jun 16 (APP): The Small and Medium Enterprises Authority (SMEDA) and Extreme Commerce have committed to enhance the local Small and Medium Enterprises (SMEs) linkage with global value chain. The SMEDA and Extreme Commerce have signed a Memorandum of Understanding (MoU) to empower the local SMEs to benefit from the e-commerce initiatives and opportunities… Continue reading SMEDA, Extreme Commerce stresses for SMEs linkage with global value chain

Despite fiscal constraints, Pakistan ensured food security through social safety cover in pandemic period: Imam

ISLAMABAD, Jun 16 (APP): Minister for National Food Security and Research Syed Fakhar Imam on Wednesday said that despite financial constrains during the Covid-19 pandemic, Pakistan has provided a relief package of $8 billion to under privileged segments of the society to provide them social safety cover. Addressed the 42nd Conference of the Food and… Continue reading Despite fiscal constraints, Pakistan ensured food security through social safety cover in pandemic period: Imam

PSX loses 151.66 points to close at 48,480

ISLAMABAD, Jun 16 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Wednesday lost 151.66 points, with a negative change of 0.31 percent, closing at 48,480.90 points against 48,632.56 points on the last working day. A total of 936,655,049 shares valuing Rs 22.405 billion were traded during the day as compared to 1,224,569,852 shares… Continue reading PSX loses 151.66 points to close at 48,480

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