Govt allocates Rs 1.745 bln for two projects of MoDP

ISLAMABAD, Jun 11 (APP): The government on Friday has allocated around Rs 1.745 billion for the two on-going projects of the Defence Production Division. According to the Public Sector Development Programme 2021-22, around Rs 245 million was allocated for the establishment of Project Management Cell for creation of Shipyard at Gwadar where Rs 773.256 million… Continue reading Govt allocates Rs 1.745 bln for two projects of MoDP

Rs. 114201.322 mln allocated for Communications Division in PSDP 2021-22

ISLAMABAD, Jun 11 (APP): The federal government has allocated an amount of Rs. 114201.322 million for ongoing and new projects of Communications Division for the fiscal year 2021-22 under the Public Sector Development Programme (PSDP). According to the budget document released on Friday, for Communication Division projects other than NHA,Rs 451.322 million have earmarked whereas… Continue reading Rs. 114201.322 mln allocated for Communications Division in PSDP 2021-22

Rs. 200 mln allocated for PNRA in PSDP 2021-22

ISLAMABAD, Jun 11 (APP):The government has allocated Rs. 200 million for the two ongoing and new schemes of Pakistan Nuclear Regulatory Authority (PNRA) in Public Sector Development Programme (PSDP) 2021-22. According to the PSDP, Rs.120 million has been earmarked for the ongoing scheme of Re-enforcement of PNRA’s Capacity and Regulatory Oversight against Vulnerabilities of Digitized… Continue reading Rs. 200 mln allocated for PNRA in PSDP 2021-22

Rs 80 million allocated for BOI in PSDP 2021-22

ISLAMABAD, Jun 11 (APP):The government has allocated Rs 80 million in Public Sector Development Programme (PSDP) 2021-22 for one on- going scheme of the Board of Investment (BOI) on China Pakistan Economic Corridor (CPEC) to enhance the industrial cooperation between both sides. According to the Budgetary documents issued here on Friday, the government has allocated… Continue reading Rs 80 million allocated for BOI in PSDP 2021-22

SUPARCO gets Rs7.368 bln allocations for 9 development schemes

Islamabad, Jun 11 (APP):The federal government has allocated a sum of over Rs7.368 billion for the development projects of Space & Upper Atmosphere Research Commission (SUPARCO) whereas over Rs6.556 billion for the ongoing and Rs 812.48 million have been earmarked for the new schemes during the fiscal year 2021-22. According to budgetary documents released here… Continue reading SUPARCO gets Rs7.368 bln allocations for 9 development schemes

Govt allocates Rs. 4461.911m for Maritime Affairs under PSDP

ISLAMABAD, Jun 11 (APP): The federal government has allocated an amount of Rs. 4461.911 million for the ongoing and new projects of Maritime Affairs Division for the fiscal year 2021-22 under the Public Sector Development Programme (PSDP). According to budgetary document, the fiscal allocations earmarked include Rs. 2972.963 million for the ongoing projects and Rs.… Continue reading Govt allocates Rs. 4461.911m for Maritime Affairs under PSDP

Rs6,027.351 mln allocated for 17 law, justice division projects in PSDP 2021-22

ISLAMABAD, Jun 11 (APP): The government on Friday allocated an amount of Rs 6,027.351 million in the Public Sector Development Programme (PSDP 2021-22) to execute ten ongoing and seven new Law and Justice Division schemes. According to the PSDP document, funds amounting to Rs3,752.212 million have been earmarked for ten ongoing schemes, out of which… Continue reading Rs6,027.351 mln allocated for 17 law, justice division projects in PSDP 2021-22

Govt allocates Rs 489.393m Narcotics Division

Islamabad, Jun 11 (APP): The federal government has allocated a sum of Rs 489.393 million for the ongoing and new projects of Narcotics Control Division for the fiscal year 2020-21 under Public Sector Development Programme (PSDP). According to budgetary document, the allocations for new schemes included Rs 4.5 million for acquisition of land for construction… Continue reading Govt allocates Rs 489.393m Narcotics Division

Rs 182,424m allocated for hydel, ongoing water, new schemes in PSDP 2021-22

ISLAMABAD, Jun 11 (APP): The government has earmarked a total of Rs 182,424.692 million for the ongoing hydel, water sector projects and new schemes under Annual Public Sector Development Programme for year 2021-22. Out of total, Rs 91,912 million has been allocated for hydel, Rs 64,294 million for the ongoing water sector schemes and Rs… Continue reading Rs 182,424m allocated for hydel, ongoing water, new schemes in PSDP 2021-22

Cabinet approves budget proposals for fiscal year 2021-22

ISLAMABAD, June 11 (APP): The federal cabinet chaired by Prime Minister Imran Khan on Friday approved the budget proposals for the fiscal year 2021-22. The cabinet also accorded approval to the Finance Bill 2021. The budget proposals are being presented in the National Assembly by Finance Minister Shaukat Tarin for approval. Orders of the Day… Continue reading Cabinet approves budget proposals for fiscal year 2021-22

Russia lifts ban on import of Pakistani rice, helps to fetch addition $300m: Fakhar

ISLAMABAD, Jun 11 (APP): Minister for National Food Security and Research Syed Fakhar Imam Friday said that Russia has lifted ban on the import of rice from Pakistan that would help in significant increase of local rice exports to Russian markets as well as penetrating in other high end markets. Addressing a press conference, he… Continue reading Russia lifts ban on import of Pakistani rice, helps to fetch addition $300m: Fakhar

NBP Exchange Rates

KARACHI, Jun 11 (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 156.40 155.90 EURO EUR 191.09 190.48 JAPANESE YEN JPY 1.4296 1.4250 BRITISH POUND GBP 221.77 221.06 SWISS FRANC CHF 175.00 174.44 CANADIAN DOLLAR CAD 129.39 128.98… Continue reading NBP Exchange Rates

PCJCCI for implementing “Global City” concept in Pakistan

LAHORE, Jun 10 (APP): Pakistan is swiftly becoming a preferred destination for foreign investors, in particular Chinese businessmen therefore Pakistan should look into the concept of “Global City” or “Universal Hub” on the pattern of Shanghai. Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President S.M Naveed expressed these views in a meeting of the… Continue reading PCJCCI for implementing “Global City” concept in Pakistan

Pakistan’s Foreign Exchange reserves swell to over $ 23.577 billion

KARACHI, Jun 10 (APP): The total liquid foreign exchange reserves of Pakistan continue to surge as total reserves reached at the highest level US$ 23,577.9 million in the week ending on June 04. According to a statement issued by the State Bank of Pakistan on Thursday, Foreign reserves held by the State Bank of Pakistan… Continue reading Pakistan’s Foreign Exchange reserves swell to over $ 23.577 billion

PAEC ramps up efforts to meet 8,800 MW nuclear power generation target by year 2030

ISLAMABAD, Jun 10 (APP): Pakistan Atomic Energy Commission (PAEC) has intensified its activities to meet the nuclear electricity generation target of 8,800 MW by the year 2030 set by the government under the Energy Security Plan. “Completion of K-2/K-3 project will be a big step that will bring PAEC 2,200 MW closer to achieving this… Continue reading PAEC ramps up efforts to meet 8,800 MW nuclear power generation target by year 2030

Fiscal budget 2021-22 to be poor friendly: Shibli

ISLAMABAD, Jun 10 (APP): Minister for Science and Technology Shibli Faraz Thursday expressed the hope that fiscal budget 2021-22 would be poor friendly and also provide relief to the common man. The Pakistan Tehreek-e-Insaf (PTI) government had launched numerous welfare projects to facilitate the masses, he said while talking to a private news channel. He… Continue reading Fiscal budget 2021-22 to be poor friendly: Shibli

Pakistan Post takes important initiatives to provide efficient services

ISLAMABAD, Jun 10 (APP): Pakistan Economic Survey 2020-21 issued by the Finance Minister on Thursday in Islamabad, Pakistan Post has recently taken important initiatives to provide efficient postal services to the people across the country. Those postal services including same Day Delivery Services, Electronic Money Order (EMO) at doorstep, Pakistan Post Mobile Application, Express Mail… Continue reading Pakistan Post takes important initiatives to provide efficient services

NEPRA issues 5,283 new net-metering licences in nine months

NEPRA

ISLAMABAD, Jun 10 (APP): The National Electric Power Regulatory Authority (NEPRA) has issued a total of 5,283 new licences for net-metering based installation of around 90.15 MW in first nine months of the current fiscal year. As of March 31, 2021, a total of 10,563 generation licences for net-metering based solar installations with a cumulative… Continue reading NEPRA issues 5,283 new net-metering licences in nine months

5,237 water courses improved, 1,439 constructed during FY 2020-21

ISLAMABAD, Jun 10 (APP): Despite the COVID-19 pandemic, all efforts were made to fully protect the on-going water sector development programme during fiscal year 2020-21 in order to ensure availability of water to enhance areas under different crop production. According the Economic Survey of Pakistan launched here Thursday it was expected about 22 on-going projects… Continue reading 5,237 water courses improved, 1,439 constructed during FY 2020-21

Covid-19 pandemic directly impacts 42 mln school going children

ISLAMABAD, Jun 10 (APP): The Covid-19 pandemic has directly impacted 42 million school going children from pre-primary and primary to higher secondary and degree college levels during last nine months of this fiscal year. Minister for Finance and Revenue, Shaukat Tarin while announcing the economic survey 2020-21 here on Thursday said, education is among the… Continue reading Covid-19 pandemic directly impacts 42 mln school going children

Category: Business

Business news from Pakistan