Pakistan key partner in current $ 400 billion global medical device

ISLAMABAD, Apr 11 (APP): Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Sunday said that Pakistan was a key partner in the current $400 billion global medical device industries as well as contributing in local economic development. It said that stepping into the knowledge economy, Pakistan could emerge as a major global player by… Continue reading Pakistan key partner in current $ 400 billion global medical device

Rice exporter seeks better working environment with rice farmers

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ISLAMABAD, Apr 11 (APP): The country’s leading ‘Basmati Rice Exporter’ on Sunday said they desired a better working environment with the rice farmers and other workers engaged in rice value chain to boost exports of the commodity. The farmers are at the forefront of food security in the country and due to them, “Our exports… Continue reading Rice exporter seeks better working environment with rice farmers

Pakistan’s fiscal response to COVID has been prudent, well-targeted: Hammad

ISLAMABAD, Apr 09 (APP):Federal Minister for Finance and Revenue, Hammad Azhar Friday said Pakistan’s fiscal response to COVID had been prudent and well-targeted, including re-allocation of spending to the most vulnerable through the landmark Ehsaas programme. As a result, Pakistan had witnessed one of the smallest increases in public debt in the world after COVID-19,… Continue reading Pakistan’s fiscal response to COVID has been prudent, well-targeted: Hammad

Hammad reiterates commitment to promote construction industry

A DELEGATION OF SENIOR MEMBERS OF STONE CRUSHING ASSOCIATIONS, LED BY THE MINISTER FOR LABOUR AND HUMAN RESOURCE, PUNJAB MR. ANSAR MAJEED KHAN, CALLED ON THE FEDERAL MINISTER FOR FINANCE, REVENUE, INDUSTRIES AND PRODUCTION, MUHAMMAD HAMMAD AZHAR, AT THE FINANCE DIVISION – ISLAMABAD ON APRIL 09, 2021.

ISLAMABAD, Apr 09 (APP):Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar Friday reiterated the government’s firm commitment to further promoting the construction industry as it had triggered an impressive growth underpinning V-shape recovery amid the COVID-19 pandemic. The minister was talking to a delegation of Stone Crushing Associations that called on him… Continue reading Hammad reiterates commitment to promote construction industry

ZTBL briefs finance minister about its operation

ISLAMABAD, Apr 09 (APP):Chairman of the Zarai Taraqiati Bank Limited (ZTBL) Board, Nadeem Lodhi and ZTBL President Mohammad Shahbaz Jameel Friday called on the Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar. The ZTBL Board Chairman briefed the finance minister about the working and operations of the Bank. ZTBL, a leading agro-financing… Continue reading ZTBL briefs finance minister about its operation

Asad Umar visits vaccination camps

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ISLAMABAD, Apr 9 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Friday visited the vaccination camps in Maira Sumbal Jafar here and reviewed the process of anti-COVID vaccination being injected to the elderly people of over 65 years of age. The minister who is also Chairman National Command and Operation Center (NCOC) listened… Continue reading Asad Umar visits vaccination camps

USC starts Ramzan relief package from April 10

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ISLAMABAD, Apr 9 (APP):Utility Stores Corporation (USC) ‘Ramzan relief Package’ will start from April 10 (tomorrow) at all Utility stores of the country with fixed price and available stock, where subsidy will be given over 19 essential commodities upto 10 to 15 per cent. According to official source, this year subsidy was increased for common… Continue reading USC starts Ramzan relief package from April 10

FBR, provincial revenue authorities sign MoU for single tax return

ISLAMABAD, Apr 07 (APP):Federal Board of Revenue (FBR) and all the four provincial revenue authorities Wednesday signed a Memorandum of Understanding (MOU) for a single sales tax return and single web portal. According to an FBR press statement issued here, the signing of the MOU was one of the most significant components of harmonization of… Continue reading FBR, provincial revenue authorities sign MoU for single tax return

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Pakistan Customs clears first consignment for Gwadar Free Zone

ISLAMABAD, Apr 07 (APP): In line with the vision and directives of the Prime Minister of Pakistan to boost exports and trade, Pakistan Customs has facilitated the clearance of the first import cum export consignment by M/s HK Sun Corporation limited for Gwadar Free Zone. The consignment would be further processed in Gwadar Free Zone,… Continue reading Pakistan Customs clears first consignment for Gwadar Free Zone

Razak reviews progress, implementation of regulatory reforms by provinces

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ISLAMABAD, Apr 07 (APP): Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood On Wednesday reviewed progress and implementation of regulatory reforms by provinces to ensure the Ease of Doing Business (EODB) in the industrial sector. The Adviser also briefed on the regulatory guillotine activity under National Coordination Committee (NCC) on Small and… Continue reading Razak reviews progress, implementation of regulatory reforms by provinces

NCC-FFP reviews compliance statues of Foreign-Funded Projects

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ISLAMABAD, Apr 07 (APP): National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on Wednesday, in a meeting, reviewed the compliance status of forum’s decisions regarding Foreign-Funded Projects (FFPs) related to Public Sector. The meeting was informed that five projects amounting to $ 1.3 billion in finance and revenue sector, 13 projects worth of $ 6 billion… Continue reading NCC-FFP reviews compliance statues of Foreign-Funded Projects

Revised TORs for SOEs forensic audit approved

FEDERAL MINISTER FOR FINANCE, REVENUE, INDUSTRIES & PRODUCTION, MUHAMMAD HAMMAD AZHAR, CHAIRING THE MEETING OF THE CABINET COMMITTEE ON STATE OWNED ENTERPRISES (CCOSOES), ISLAMABAD ON APRIL 07, 2021.

ISLAMABAD, Apr 07 (APP): The Cabinet Committee on State Owned Enterprises (CCOSOEs) here Wednesday approved the revised Terms of Reference (TORs) for forensic audit of the State Owned Enterprises (SOEs). The TORs would be followed by the Auditor General of Pakistan (AGP) Office as well as private audit firm(s) to be hired as per Public… Continue reading Revised TORs for SOEs forensic audit approved

ECC recommends PIACL restructuring plan for onward submission before cabinet

ISLAMABAD: April 07 Federal Minister for Finance and Revenue Muhammad Hammad Azhar chairing the Economic Coordination Committee (ECC) meeting. APP

ISLAMABAD, Apr 07 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Wednesday recommended the restructuring plan of Pakistan International Airlines Corporation Limited (PIACL) for onward submission before the cabinet, after reconciliation of tax liability figures. The committee, the meeting of which was chaired by Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad… Continue reading ECC recommends PIACL restructuring plan for onward submission before cabinet

Fakhar Imam for ensuring adequate vaccine for FMD disease in animals

ISLAMABAD, Apr 7 (APP):Minister for National Food Security and Research Syed Fakhar Imam on Wednesday asked for ensuring adequate quantum of foot and mouth disease (FMD) vaccine for animals, besides maintaining its smooth supply for effected areas to control any possible outbreak of disease in other parts of the country. Chairing a meeting, which was… Continue reading Fakhar Imam for ensuring adequate vaccine for FMD disease in animals

Pakistan’s economy to grow 4.0 pc by 2021-22: IMF

ISLAMABAD, April 7 (APP): The International Monetary Fund (IMF) has predicted Pakistan’s Gross Domestic Product (GDP) to grow by 4.0 percent by next fiscal year (2021-22). In its annual report “World Economic Outlook 2021”, the IMF has forecast 1.5 GDP growth for Pakistan during the current fiscal year 2020-21. This however, is in contrast to… Continue reading Pakistan’s economy to grow 4.0 pc by 2021-22: IMF

Pakistan has potential to push annual exports upto $88.1 bn: World Bank

ISLAMABAD, Apr 7 (APP):Given Pakistan’s observable characteristics in terms of economic size, level of development, remoteness, and factor endowments, it is estimated that Pakistan’s potential annual exports are at US$ 88.1 billion, about 4 times the actual current level, World Bank said in its recent report “Pakistan Development Update”. This large gap between actual and… Continue reading Pakistan has potential to push annual exports upto $88.1 bn: World Bank

Rs 98,328.079 million released for NHA projects under PSDP till April 2

ISLAMABAD, Apr 7 (APP):The federal government has released Rs 98,328.079 million for National Highway Authority (NHA) road infrastructure schemes under the Public Sector Development Programme (PSDP) 2020-2021 till April 2. Out of the released amount of Rs 98,328.079 million, Rs 83,659.884 million were in local component whereas Rs14,668.195 million were in the shape of foreign… Continue reading Rs 98,328.079 million released for NHA projects under PSDP till April 2

Govt committed to implement structural reforms, protect vulnerable segments: Hammad

ISLAMABAD,Apr6(APP): Federal Minister for Finance, Revenue, Industries and Production, Mohammad Hammad Azhar said Tuesday that the government was fully committed to implementing structural reforms, protecting social spending and boosting social safety nets in order to protect the vulnerable segments of the society. He made these remarks in a virtual meeting with Vice President South Asia… Continue reading Govt committed to implement structural reforms, protect vulnerable segments: Hammad

Services trade deficit shrinks 41.8 pc in 8 months

ISLAMABAD, APR 06 (APP): The country’s services trade deficit contracted by 41.8 percent during the first eight months of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-February (2020-21) was recorded at $1338.58 million against the deficit of $2299.87 million in July-February (2019-20), according… Continue reading Services trade deficit shrinks 41.8 pc in 8 months

Hammad for rationalized pay, pension system to ensure equity

ISLAMABAD, APRIL 6 (APP): Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar Tuesday underlined the importance of introducing rationalized pay and pension system to remove anomalies and ensure equity. The minister was talking to the Chairperson Pay and Pension Commission, Ms Nargis Sethi, who called on him here while Finance Secretary also… Continue reading Hammad for rationalized pay, pension system to ensure equity

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