Category: Business

Business news from Pakistan

Punjab to participate in Dubai expo: Mian Aslam

LAHORE, Aug 02 (APP): Provincial Minister for Industries and Commerce Mian Aslam Iqbal said on Monday that the Punjab government would participate actively in a trade expo in Dubai. Chairing a meeting here at Punjab Board of Investment and Trade (PBIT), he reviewed the arrangements regarding Pakistan Pavilion at Dubai Expo. Mian Aslam Iqbal said… Continue reading Punjab to participate in Dubai expo: Mian Aslam

PSX gains 397 points to close at 47,453 points

ISLAMABAD, Aug 2 (APP): The KSE100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 397.96 points, with a positive change of 0.85 percent, closing at 47,453.25 points against 47,055.29 points on the last working day. A total of 252,345,130 shares were traded during the day compared to the trade of 399,093,247 shares… Continue reading PSX gains 397 points to close at 47,453 points

Cement export increases by 3.26%

ISLAMABAD, Aug 2 (APP): The exports of cement witnessed an increase of 3.26 percent during the fiscal year 2020-21, against the exports of the corresponding period of last year. The cement exports were recorded at $267.910 million during July-June (2020-21) against the exports of $259.441 million during July-June (2019-20), according to the Pakistan Bureau of… Continue reading Cement export increases by 3.26%

NBP Exchange Rates

KARACHI, Aug 02 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 162.95 162.45 EURO EUR 193.78 193.19 JAPANESE YEN JPY 1.4858 1.4812 BRITISH POUND GBP 226.49 225.80 SWISS FRANC CHF 179.96 179.40 CANADIAN DOLLAR CAD 130.64 130.24… Continue reading NBP Exchange Rates

Foreign exchange rates

KARACHI, Aug 02 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. 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 0.1539 02.08.2021 CONVERSION RATES FOR 02ND AUGUST… Continue reading Foreign exchange rates

Pak-Italy see new dimensions to enhance trade, economic ties: Jauher Saleem

Jauher Saleem

ISLAMABAD, Aug 01 (APP): Ambassador of Pakistan to Italy, Jauhar Saleem on Sunday said that Pakistani-Italian bilateral relations are looking at new dimensions to enhance mutual cooperation and economic activities in different sectors. Negation between both of the sides on enhancing cooperation in the fields of trade, labour market, tourism, agriculture, energy, investment, innovation and… Continue reading Pak-Italy see new dimensions to enhance trade, economic ties: Jauher Saleem

Pakistan’s air connectivity to regional economies enhances economic integration: Zafar Bakhtawari

Zafar Bakhtawari

ISLAMABAD, Aug 01 (APP): Secretary General United Business Group (UBG) of Pakistan Zafar Bakhtawari on Sunday said that Pakistan’s air links with the outside world, especially with regional countries, are crucial for regional trade and economic integration. Promoting air, land and sea connectivity can make Pakistan a major economic and trade power at the regional… Continue reading Pakistan’s air connectivity to regional economies enhances economic integration: Zafar Bakhtawari

Policy framework of government helped to achieve record output of 06 crops: Fakhar

ISLAMABAD, Jul 31 (APP):Minister for National Food Security and Research Syed Fakhar Imam Saturday said the agriculture development policies of Prime Minister Imran Khan have started to reap fruits as the production of several crops including wheat, rice, sugarcane, potatoes and onion have surpassed all previous records, where as export of mangoes also increase by… Continue reading Policy framework of government helped to achieve record output of 06 crops: Fakhar

Rs649.908 million released for 13 petroleum sector projects

ISLAMABAD, Jul 30 (APP):The government has so far released an amount of Rs649.908 million to execute seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) aimed at accelerating oil and gas exploration activities and achieving self-sufficiency in the energy sector. According to the official data as of July 16,… Continue reading Rs649.908 million released for 13 petroleum sector projects

Prices of chicken, pulses, other food commodities go down

ISLAMABAD, Jul 30 (APP): Prices of various food items witnessed declining trend during the week ending on July 29 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) Friday. According to the data, the prices of chicken witnessed decrease of Rs 18.35 percent… Continue reading Prices of chicken, pulses, other food commodities go down

ADB supports Dubai Islamic Bank Pakistan to expand trade finance in country

ISLAMABAD, Jul 30 (APP): The Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited (DIBPL) to support trade in Pakistan. ADB will provide guarantees to help DIBPL expand its trade finance business in Pakistan, said a press statement of the bank received here.… Continue reading ADB supports Dubai Islamic Bank Pakistan to expand trade finance in country

 WB approves $100 mln to support increase literacy in Sindh

ISLAMABAD, Jul 30 (APP): The World Bank’s Board of Executive Directors approved $100 million in financing to support Pakistan’s efforts to increase literacy and student retention rates in the Sindh province. The amount has been approved for the Sindh Early Learning Enhancement through Classroom Transformation (SELECT) project that is aimed at helping the provincial government enhance… Continue reading  WB approves $100 mln to support increase literacy in Sindh

NBP Exchange Rates

KARACHI, Jul 30 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 162.40 161.90 EURO EUR 193.26 192.67 JAPANESE YEN JPY 1.4828 1.4782 BRITISH POUND GBP 226.58 225.88 SWISS FRANC CHF 179.07 178.52 CANADIAN DOLLAR CAD 130.45 130.05 AUSTRALIAN… Continue reading NBP Exchange Rates

Published
Categorized as Business

Foreign Currency Account Scheme

KARACHI, Jul 30 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Friday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 30-07-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme

Published
Categorized as Business

Foreign exchange rates

KARACHI, Jul 30 (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 0.1540 30.07.2021 CONVERSION RATES FOR 30TH JULY 2021… Continue reading Foreign exchange rates

Published
Categorized as Business

Imam stresses need to promote climate smart agriculture, water conservation to overcome challenges

ISLAMABAD, Jul 29 (APP):Federal Minister for National Food Security and Research Syed Fakhar Imam on Thursday stressed the need for promoting climate resilient and water smart agriculture in addition with water conservation to avert climate change challenges in the country. Addressing a seminar, the minister said that Pakistan was one of the least contributors to… Continue reading Imam stresses need to promote climate smart agriculture, water conservation to overcome challenges

AIDEP aims at expansion of auto industry : Tarin

ISLAMABAD, Jul 29 (APP):Minister for Finance and Revenue, Shaukat Tarin Thursday said that Auto Industry Development and Export Policy (AIDEP) was aimed at promotion of auto industry in the country by increasing the production of cars, motorcycles, tractors at affordable rates. While chairing a meeting to review a draft of Auto Industry Development and Export… Continue reading AIDEP aims at expansion of auto industry : Tarin

Pak-Bahrain agrees to promote bilateral economic, trade relations

ISLAMABAD, Jul 29 (APP):Pakistan and Bahrain on Thursday agree to promote bilateral economic and trade relation by working jointly towards economic growth and greater business harmony. The signing of Memorandum of Understanding (MoU) between Board of Investment of Government of Islamic Republic of Pakistan and Economic Development Board, the Kingdom of Bahrain for Cooperation between… Continue reading Pak-Bahrain agrees to promote bilateral economic, trade relations

Weekly privatisation review meeting held

file photo

ISLAMABAD, Jul 29 (APP):The weekly review meeting of Privatisation Commission on Thursday was informed that hiring of financial advisors to sale remaining properties has been initiated as the Expression of Interest (EOIs) to that effect had already been published. The meeting was held with Federal Minister for Privatisation Mohammad Mian Soomro in chair. The weekly… Continue reading Weekly privatisation review meeting held

Published
Categorized as Business

Serving the nation since 1947 by providing an accurate, objective, uninterrupted flow of news to the people, the national news service is pursuing a comprehensive strategy to transform the existing news operations into a forward-looking service – APP Digital for its diverse subscriber-base and the public.

Follow Us

APP Services