KARACHI, Jul 27 (APP):The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Tuesday. 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 27-07-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme
Category: Business
Business news from Pakistan
Foreign exchange rates
KARACHI, Jul 27 (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 0.1585 27.07.2021 CONVERSION RATES FOR 27TH JULY 2021… Continue reading Foreign exchange rates
Asad reviews status of KCR, Railway Freight Corridor
ISLAMABAD, Jul 26 (APP):Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting on Monday to review the status of preparation and processing of Karachi Circular Railway (KCR) and Railways Freight Corridor projects. In the meeting, important issues related to the freight corridor were discussed and review, said a press release issued… Continue reading Asad reviews status of KCR, Railway Freight Corridor
Govt disburses Rs133.664 bn for social sector uplift projects
ISLAMABAD, Jul 26 (APP):Federal Government has released Rs.133.664 billion out of total allocation of Rs 900 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2021-22. The released funds include Rs. 98.98 billion for federal ministries, Rs.21.58 billion for corporations, and Rs.13.1 billion for special… Continue reading Govt disburses Rs133.664 bn for social sector uplift projects
Gold imports fall by 22.79% to $8.97 million in FY21
ISLAMABAD, Jul 26 (APP):The gold imports decreased by 22.79 percent during the fiscal year 2020-21 as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports during July-June (2020-21) were recorded at $8.977 million as compared to the imports of $11.627 million during July-May (2019-20), according to the… Continue reading Gold imports fall by 22.79% to $8.97 million in FY21
EXCHANGE RATES FOR CURRENCY NOTES
KARACHI, Jul 26 (APP): CURRENCY SELLING BUYING USD 164.48 160.73 GBP 226.14 220.95 EUR 193.71 189.61 JPY 1.4905 1.4564 SAR 43.86 42.84 AED 44.79 44.04 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.08613 LIBOR 3M 0.12888 LIBOR 6M 0.15850 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/ 15 DAYS 1M 2M 3M… Continue reading EXCHANGE RATES FOR CURRENCY NOTES
NBP Exchange Rates
KARACHI, Jul 26 (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 162.85 162.35 EURO EUR 192.11 191.53 JAPANESE YEN JPY 1.4758 1.4712 BRITISH POUND GBP 223.90 223.21 SWISS FRANC CHF 177.25 176.70 CANADIAN DOLLAR CAD 129.43 129.03 AUSTRALIAN… Continue reading NBP Exchange Rates
Foreign Currency Account Scheme
KARACHI, Jul 26 (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 26-07-21 For 3 months and over but… Continue reading Foreign Currency Account Scheme
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
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
Current Account posts 10 years’ record low deficit of $1.85 bn in FY21
ISLAMABAD, July 19 (APP): Current Account of Pakistan posted the record 10 years’ low deficit of $1.85 billion during the year 2020-21 (Jul-Jun) which accounts for around 0.6% of the Gross Domestic Product (GDP). The deficit outturn is also in line with SBP expectations which had earlier announced that the current account in deficit for… Continue reading Current Account posts 10 years’ record low deficit of $1.85 bn in FY21
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
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