Category: Business

Business news from Pakistan

Foreign exchange rates

KARACHI, Jul 26 (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 0.1573 26.07.2021 CONVERSION RATES FOR 26TH JULY 2021… Continue reading Foreign exchange rates

USA, UK, China top three destinations of Pakistani exports during FY 2020-21: SBP

ISLAMABAD, Jul 25 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during the fiscal year (2020-21), followed by United Kingdom (UK) and China. The total exports to the USA during July-June (2020-21) were recorded at US $ 5029.400 million against the exports of US $ 3915.226 million during… Continue reading USA, UK, China top three destinations of Pakistani exports during FY 2020-21: SBP

Pakistan’s earns US $1908 million from IT services’ export in 11 months

ISLAMABAD, Jul 25 (APP):Pakistan earned US $1908.125 million by providing different information technology (IT) services in various countries during the first eleven months of fiscal year 2020-21. This shows growth of 47.13 percent when compared to US $1296.930 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of… Continue reading Pakistan’s earns US $1908 million from IT services’ export in 11 months

Seafood exports increase by 1.85% in FY21

ISLAMABAD, Jul 23 (APP):The exports of fish and fish preparations increased by 1.85 per cent during the fiscal year 2020-21 as compared to the corresponding period of last year. The seafood exports during July-June (2020-21) were recorded at $414.193 million against the exports of $406.654 million in July-June (2019-20), showing growth of around 1.85 per… Continue reading Seafood exports increase by 1.85% in FY21

Asim vows to unlock Northern Areas potential under CPEC

ISLAMABAD, Jul 22 (APP): China Pakistan Economic Corridor (CPEC) Authority Chairman Lieutenant General (Retd) Asim Saleem Bajwa Thursday vowed to unlock potential of the country’s Northern Areas in line with Prime Minister Imran Khan’s decision. In a tweet, the CPEC Authority chairman who is currently on Gilgit Baltistan (GB)’s visit said he met with the… Continue reading Asim vows to unlock Northern Areas potential under CPEC

Agri, livestock, fisheries sectors to be developed in GB under CPEC: Asim Bajwa

ISLAMABAD, Jul 22 (APP): Chairman China Pakistan Economic Corridor (CPEC) Authority Lt. Gen. (retd) Asim Saleem Bajwa on Thursday said the immense potential of agriculture, livestock and fisheries’ sectors in areas close to Khunjrab Pass, Gilgit Baltistan would be exploited under the umbrella of CPEC. In a tweet, the Chairman said work was underway to… Continue reading Agri, livestock, fisheries sectors to be developed in GB under CPEC: Asim Bajwa

Tarin chairs CMAC meeting to reform capital market

ISLAMABAD, Jul 19 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the first meeting of the Capital Market Advisory Council (CMAC), that was established to introduce reforms in the capital markets in the country. According to press statement issued by the Finance Ministry here, Special Assistant to Prime Minister on Finance and Revenue… Continue reading Tarin chairs CMAC meeting to reform capital market

Economic and industrial boost on govt agenda: Dawood

APP46-190721 LAHORE: July 19 - Advisor to Prime Minister on Commerce, Textile and Investment Abdul Razzaq Dawood addressing the members of Lahore Chamber of Commerce and Industries at (LCCI). APP photo by Mustafa Lashari

LAHORE, Jul 19 (APP): Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood has said economic and industrial boost was government’s top priority and all problems of the industrial sector would be solved amicably. He said that Pakistan was shifting from trading to manufacturing, which was key to economic stability. Speaking at the… Continue reading Economic and industrial boost on govt agenda: Dawood

Exports jump 18.28% in FY21, 70% in June

The country’s exports posted record growth of 18.28% in Fiscal Year 2020-21 (June-July) over the last year besides witnessing a surge of 70.67% in June 2021 compared to same month of last year. According to the provisional figures compiled by the Pakistan Bureau of Statistics (PBS) issued on Monday, exports from Pakistan during June, 2021… Continue reading Exports jump 18.28% in FY21, 70% in June

Output of LCVs increase 63.21 percent in 11 months

ISLAMABAD, Jul 19 (APP): The production of Light Commercial Vehicles (LCVs) has witnessed 63.21 percent increase during the first eleven months of the financial year 2020-21 against the output of the same period of last fiscal year. As many as 18,059 LCVs were manufactured during July-May (2020-21) as compared to the production of 11,065 LCVs… Continue reading Output of LCVs increase 63.21 percent in 11 months

Chilli farming under CPEC to expand over 5000 acres in Pakistan

ISLAMABAD, Jul 18 (APP): After a successful pilot project at 100 acres under China Pakistan Economic Corridor (CPEC), the next phase of Chilli farming will be ready for launch with upcoming sowing. Referring to an article published by China Economic Net, Chairman CPEC Authority Lt Gen (Retd) Asim Saleem Bajwa on Sunday in a tweet… Continue reading Chilli farming under CPEC to expand over 5000 acres in Pakistan

Kamyab Pakistan Program to be launched this month

ISLAMABAD, Jul 17 (APP): Minister for Finance and Revenue Shaukat Tarin on Saturday said that an extensive consultative process was followed in working out modalities of the Kamyab Pakistan Program ensuring that all relevant stakeholders are on board and it would be launched within current month. Kamyab Pakistan is a flagship program which shall extend… Continue reading Kamyab Pakistan Program to be launched this month

Entire 1000 km coastal line to be made clean, green: Asim Bajwa

ISLAMABAD, Jul 17 (APP): Chairman China Pakistan Economic Corridor (CPEC) Authority Lt Gen (Retd) Asim Saleem Bajwa on Saturday said that the entire coastal line of Pakistan over an area of 1000 kilometers would be made clean and green under the vision of Prime Minister Imran Khan. “Investment in Green Gwadar is just the beginning,… Continue reading Entire 1000 km coastal line to be made clean, green: Asim Bajwa

Khusro puts forward 4-point agenda for industrial cooperation among SCO states

APP29-160721 ISLAMABAD: July 16 - Federal Minister for Industries and Production Makhdum Khusro Bakhtyar addressing ministerial meeting of SCO at Ministry of Industries and Production. APP photo by Saeed-ul-Mulk

ISLAMABAD, Jul 16 (APP):Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar on Friday put forward a four-point agenda for industrial cooperation among SCO member countries, including launching of the study for finding industrial complementarities and synergies. He also proposed establishing an SCO Development Bank and SCO Development Fund for providing financial base for industrial… Continue reading Khusro puts forward 4-point agenda for industrial cooperation among SCO states

Published
Categorized as Business

Asim Bajwa hails agreement for Samsung mobile phones manufacturing in Pakistan

ISLAMABAD, Jul 16 (APP):Chairman China Pakistan Economic Corridor (CPEC) Authority Lt. Gen. (retd) Asim Saleem Bajwa Friday said numerous Chinese mobile phone manufacturing companies would set up their plants in Pakistan that would boost the country’s exports besides generating more jobs. Hailing the agreement signed between Samsung with Lucky Group to produce Samsung Mobile Phones… Continue reading Asim Bajwa hails agreement for Samsung mobile phones manufacturing in Pakistan

Published
Categorized as Business

ECC approves Kamyab Pakistan Program, other projects

   ISLAMABAD, Jul 16 (APP): The Economic Coordination Committee (ECC) of the Cabinet here on Friday approved the flagship ‘Kamyab Pakistan Program’ besides approving several other projects. The ECC meeting was chaired by Federal Minister for Finance and Revenue, Shaukat Tarin, according to press statement by Finance Ministry here. The meeting was attended by Federal… Continue reading ECC approves Kamyab Pakistan Program, other projects

Prices of chicken, pulses, other food commodities go down

ISLAMABAD, Jul 16 (APP): Prices of various food items go down considerably during the week ending on July 15 as compared to the previous week, the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) Friday revealed. According to the data, the prices of bananas witnessed decrease of Rs7.15 percent whereas chicken… Continue reading Prices of chicken, pulses, other food commodities go down

Imam for improving research system to meet food security challenges

ISLAMABAD, Jul 16 (APP):Minister for National Food Security and Research Syed Fakhar Imam here on Monday said that up-gradation of research system and technological advancement were prerequisite for meeting the emerging challenges of food safety and security across the glob. Addressing the Pre-Summit United Nations Food Security System Meeting on Pakistan Food Security System and… Continue reading Imam for improving research system to meet food security challenges

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