ISLAMABAD, Aug 10 (APP):The exports of electric fan witnessed an increase of 37.60 percent during the fiscal year (2020-21) as compare to the corresponding period of last fiscal year. The country exported electric fan worth US $32.444 million during July-June (2020-21) as against the exports of US $23.579 million during July-June (2019-20), showing growth of… Continue reading Fan exports increase 37.60% in FY 2020-21
Category: Business
Business news from Pakistan
ADB appoints new country director for Pakistan
The Asian Development Bank (ADB) Tuesday announced it has appointed Yong Ye as its new Country Director for Pakistan, effective immediately. Mr. Ye will lead ADB’s operations in Pakistan and manage its Pakistan Resident Mission in Islamabad. Yong Ye will also oversee the implementation of ADB’s new country partnership strategy, 2021-2025, which focuses on improving… Continue reading ADB appoints new country director for Pakistan
Services trade deficit contracts 43.45% as exports increase by 9.19% in FY21
ISLAMABAD, Aug 10 (APP): The country’s services trade deficit contracted by 43.45 percent during the fiscal year 2020-21 as compared to the corresponding period of the previous year (2019-20). The services trade deficit during July-June (2020-21) was recorded at $1875.22 million against the deficit of $3315.97 million in July-June (2019-20), showing decline of 43.45 percent,… Continue reading Services trade deficit contracts 43.45% as exports increase by 9.19% in FY21
NBP Exchange Rates
KARACHI, Aug 10 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 164.20 163.70 EURO EUR 193.08 192.49 JAPANESE YEN JPY 1.4883 1.4838 BRITISH POUND GBP 227.37 226.68 SWISS FRANC CHF 178.55 178.01 CANADIAN DOLLAR CAD 130.53 130.13 AUSTRALIAN… Continue reading NBP Exchange Rates
Foreign exchange rates
KARACHI, Aug 10 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday. 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 0.1494 10.08.2021 CONVERSION RATES FOR 10TH AUGUST 2021… Continue reading Foreign exchange rates
Finance minister stresses to prevent hoarding, undue profiteering in market
ISLAMABAD, Aug 9 (APP):Finance Minister, Shaukat Tarin on Monday stressed the need for meaningful interventions in the market by building strategic reserves of basic commodities to prevent hoarding and undue profiteering. Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of National Price Monitoring Committee (NPMC) held at the Finance Division. In his… Continue reading Finance minister stresses to prevent hoarding, undue profiteering in market
Agriculture Credit disbursement remains resilient despite Covid-19 challenges: SBP
ISLAMABAD, Aug 09 (APP): Credit disbursement to agriculture sector increased to Rs1,366 billion in Fiscal Year 2020-21, witnessing a growth of 12 per cent over FY 2019-20, despite the ongoing challenges posed by Covid-19 pandemic and climate change. The disbursement is collective effort of 49 financial institutions which managed to achieve together 91 per… Continue reading Agriculture Credit disbursement remains resilient despite Covid-19 challenges: SBP
Exports increase by 16.44 pc in July
ISLAMABAD, Aug 09 (APP): The exports from the country witnessed an increase of 16.44 percent during the first month of the current fiscal year (2021-22) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Monday. According to PBS data, the exports from the country stood at $2.330 billion during… Continue reading Exports increase by 16.44 pc in July
Pak-Holland trade records 107.62% surplus in FY21
ISLAMABAD, Aug 9 (APP):Pakistan’s goods and services trade with Holland witnessed surplus of 107.62 percent during fiscal year (2020-21) as compared to the corresponding period of last year. The overall exports to Holland were recorded at $1118.093 million during July-June (2020-21) against exports of $982.263 million during July-June (2019-20), showing growth of 13.82 percent, according… Continue reading Pak-Holland trade records 107.62% surplus in FY21
Chemicals, pharmaceutical products’ exports witness 13.94% increase
ISLAMABAD, Aug 9 (APP):Chemicals and Pharmaceutical Products’ exports during the fiscal year of 2020-21 grew by 13.94 per cent as compared to the exports of the corresponding period of last year. During the period from July-June 20-21, chemicals and pharmaceutical products worth US $1,148,943 thousand exported as compared to worth US $1,008,407 thousand of same… Continue reading Chemicals, pharmaceutical products’ exports witness 13.94% increase
NBP Rates
KARACHI, Aug 09 (APP):EXCHANGE RATES FOR CURRENCY NOTES CURRENCY SELLING BUYING USD 165.59 161.82 GBP 229.65 224.38 EUR 194.73 190.61 JPY 1.5024 1.4680 SAR 44.16 43.14 AED 45.09 43.34 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.09575 LIBOR 3M 0.12538 LIBOR 6M 0.14850 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/ 15… Continue reading NBP Rates
NBP Exchange Rates
KARACHI, Aug 09 (APP):reasury 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 163.95 163.45 EURO EUR 193.13 192.55 JAPANESE YEN JPY 1.4875 1.4830 BRITISH POUND GBP 227.38 226.69 SWISS FRANC CHF 179.18 178.63 CANADIAN DOLLAR CAD 130.53 130.14 AUSTRALIAN… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Aug 09 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Monday. 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 09-08-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Aug 09 (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 0.1485 09.08.2021 CONVERSION RATES FOR 09TH AUGUST 2021… Continue reading Foreign exchange rates
Italy, Pakistan agree to negotiate for finalizing pact on ‘Labour import’: Ambassador Jouhar
ISLAMABAD, Aug 08 (APP):Ambassador of Pakistan to Italy, Jauhar Saleem on Sunday signaled the start of talks on a ‘Labour and labour force import Agreement’ between Italy and Pakistan for providing more opportunities to local skilled youth to get employment in the competitive Italian Job market. “The agreement is need of the hour for the… Continue reading Italy, Pakistan agree to negotiate for finalizing pact on ‘Labour import’: Ambassador Jouhar
New 5-year programme for Pakistan to focus structural reforms, health, education: World Bank
ISLAMABAD, Aug 08 (APP):The World Bank Group is preparing its new 5-year program of support for Pakistan, the Country Partnership Framework (CPF) for 2022-2026 with special focus on structural reforms, health, education, promoting climate friendly future, inclusive growth, and good governance. During a week-long visit of the World Bank Vice President for South Asia, Hartwig… Continue reading New 5-year programme for Pakistan to focus structural reforms, health, education: World Bank
Razak Dawood, minister discuss industrialization in Punjab
LAHORE, Aug 07 (APP):Prime Minister’s Advisor on Commerce and Investment, Abdul Razak Dawood and Provincial Minister for Industries and Commerce, Mian Aslam Iqbal Saturday co-chaired a meeting to discuss industrialization in the province. Held here at Punjab Board of Investment and Trade (PBIT), the meeting discussed the issues regarding colonization of industrial estates, establishment of… Continue reading Razak Dawood, minister discuss industrialization in Punjab
Asad Umar asks Shahbaz Sharif to keep CPEC out of politics
ISLAMABAD, Aug 7 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Saturday asked President Pakistan Muslim League (N) Shahbaz Sharif to keep the national project of China Pakistan Economic Corridor (CPEC) away from his politics. In his tweet, the minister said Prime Minister Imran Khan’s government was committed to take the mega project to… Continue reading Asad Umar asks Shahbaz Sharif to keep CPEC out of politics
Govt committed to facilitate investors: Razak Dawood
LAHORE, Aug 07 (APP):Advisor to Prime Minister on Commerce Razak Dawood said on Saturday that the government was fully committed to provide the best possible package of incentives to foreign and local investors. He added that investors’ facilitation would boost industrial production to strengthen the national economy which promised better living conditions of poor strata… Continue reading Govt committed to facilitate investors: Razak Dawood
PTI’s economic policies bear fruits in 3 years
The Pakistan Tehreek-i-Insaaf government’s prudent economic policies have helped the country come out of deep crisis it was facing in 2018. A comparison data showed that the country’s current economic situation is far better than what it was in the year 2017-18. According to the data released by State Bank of Pakistan (SBP), during fiscal… Continue reading PTI’s economic policies bear fruits in 3 years
- Divorced from ground reality: Pakistan rejects US State Deptt’s country report on HR practices
- Pakistan Master Tenpin Bowling C’ship postponed
- CM chairs meeting on CRBC Left Canal project
- Govt. considering increasing TDC for development of growing areas: Advisor
- The trophy of International Cricket Council (ICC) T-20 World Cup 2024 displaying at National Monument as trophy has arrived in Islamabad on a three-day tour of Pakistan. The T20 World Cup is scheduled to be held this year from June 2 to 29 in the USA and West Indies.
