Exports of Surgical Instrument touches $360 billion in last 10 months: Razak Dawood

ISLAMABAD, May 26 (APP):Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday said that Pakistan’s exports of Surgical Instruments have increased during the period of July to April 2020-21 to worth of $ 360 billion as compared to the amount of $315 billion of same phase of FY 2019-20. The country’s exports… Continue reading Exports of Surgical Instrument touches $360 billion in last 10 months: Razak Dawood

Chinese company vows to create 20,000 jobs in Pakistan

ISLAMABAD, May 26 (APP) The Challenge Fashion Group, a Chinese company has vowed to expand its business under China Pakistan Economic Corridor (CPEC) in Pakistan which would create over 20,000 jobs for locals, Chairman CPEC Authority Lt. General (retd) Asim Saleem Bajwa said on Wednesday. He said the Chinese investor had already established a textile… Continue reading Chinese company vows to create 20,000 jobs in Pakistan

20k youth gets direct employability through opening of businesses under KJP: Usman Dar

ISLAMABAD, May 26 (APP):Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar said on Wednesday that the Kamyab Jawan Programme (KJP) had been creating massive job opportunities for the youth by offering soft loans and technical trainings in conventional and high-tech trades. Addressing the KJP’s certificate and loan distribution ceremony at… Continue reading 20k youth gets direct employability through opening of businesses under KJP: Usman Dar

Gold imports fall by 40.39pc in 10 months

ISLAMABAD, May 26 (APP): The gold imports decreased by 40.39 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports into the country during July-April (2020-21) were recorded at $6.931 million as compared to the imports… Continue reading Gold imports fall by 40.39pc in 10 months

USD 13b invested in Pakistan under CPEC, USD 12b in pipeline: Bajwa

LAHORE, May 25 (APP): China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt. Gen. (R) Asim Saleem Bajwa said on Tuesday that US $13 billion had been invested in Pakistan under CPEC while another US $12 billion investment was in the pipeline, which would revolutionize the country. He was talking to media on the occasion of a… Continue reading USD 13b invested in Pakistan under CPEC, USD 12b in pipeline: Bajwa

Fakhar for ensuring sufficient food to women, children

ISLAMABAD, May 25 (APP):Federal Minister for National Food Security and Research Syed Fakhar Imam on Tuesday reiterated the government’s resolve for ensuring adequate nutrition for women and children in order to address malnutrition challenges to improve and strengthen food security in the country. Addressing the dialogue on National Food Systems, Imam said that Pakistan was… Continue reading Fakhar for ensuring sufficient food to women, children

Tarin for completing NGMS sale process by June end

ISLAMABAD, May 25 (APP):Federal Minister for Finance and Revenue Shaukat Tarin Tuesday urged the quarters concerned to accelerate the sale process of Next Generation Mobile Services (NGMS) Spectrum and complete it within the current financial year. Chairing the 4th meeting of Advisory Committee, through a video link, for the release of NGMS Spectrum in Pakistan,… Continue reading Tarin for completing NGMS sale process by June end

WB assure Pakistan’s support to achieve development objectives

ISLAMABAD, May 25 (APP):The World Bank on Tuesday assured to continuous support to the Government of Pakistan (GoP) in achieving the priority development objectives. Minister for Economic Affairs, Omar Ayub Khan, held a consultative meeting with Country Director, World Bank in the Ministry of Economic Affairs Mr. Najy Benhassine, said a press release issued by… Continue reading WB assure Pakistan’s support to achieve development objectives

Pakistan’s ICT exports touch US $ 1.70 bln in last 10 months: Razak

ISLAMABAD, May 25 (APP):Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said Pakistan’s Information and communication Technology (ICT) and telecom exports reached to US $ 1.70 billion from July 2020 to April 2021. During the period, Pakistan’s ICT and telecom exports grew by 46 percent to US $ 1.70 billion… Continue reading Pakistan’s ICT exports touch US $ 1.70 bln in last 10 months: Razak

GDP growth rate based on authentic data: Asad Umar

ISLAMABAD, May 25 (APP): Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the GDP growth rate of 3.94 percent estimated by the National Accounts Committee (NAC) for the outgoing fiscal year was based on real figures and data. The figure was not fudged and should not be made controversial as it… Continue reading GDP growth rate based on authentic data: Asad Umar

BOI assure to facilitate Egyptian investment in Pakistan

ISLAMABAD, May 25 (APP): Chairman Board of Investment (BOI) Atif Bokhari on Tuesday assured to provide all-out facilities to the Egyptian investors for investment in Pakistan. The Chairman BOI guaranteed of BOI’s hand holding to facilitate Egyptian investment in Pakistan, said a press release issued here. The Managing Director of Elsewedy Electric Pakistan, Sherif Abo… Continue reading BOI assure to facilitate Egyptian investment in Pakistan

Australia approves two mango treatment facilities for Pakistan

ISLAMABAD, May 25 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said that Australian authorities have approved two mango treatment facilities for Pakistan. “I am glad to share that two mango treatment facilities in Pakistan, Mustafa Farm and IAC, have been approved by Australian authorities for export of Mangoes… Continue reading Australia approves two mango treatment facilities for Pakistan

China to bring more investment under CPEC: Asim Bajwa

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LAHORE, May 25 (APP):Chairman CPEC Authority Lt. Gen. Asim Saleem Bajwa here on Tuesday said that China would bring more investment in the Special Economic Zones (SEZs) under China Pakistan Economic Corridor (CPEC). He said investment of around US $13 billion had already been made in various sectors under the mega project while an additional… Continue reading China to bring more investment under CPEC: Asim Bajwa

PSX gains 203 points to close at 46300 points

ISLAMABAD, May 25 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Tuesday continued with bullish trend, gaining 203.55 points, with positive change of 0.44 per cent, closing at 46,300.66 points against 46,097.11 points on the last working day. A total of 677,381,398 shares were traded during the day compared to the trade of… Continue reading PSX gains 203 points to close at 46300 points

Circular debt declines by Rs 189 bn in 10 months: Asad Umar

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ISLAMABAD, May 25 (APP): Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the circular debt build up in energy sector had declined by Rs 189 billion during first 10 months (July-April) of current fiscal year as compared to same period of last year. “Circular debt build up in Jul-Apr this fiscal… Continue reading Circular debt declines by Rs 189 bn in 10 months: Asad Umar

Only Rs20 mln allocated for SWP under PSDP, clarifies FBR

ISLAMABAD, May 25 (APP): Federal Board of Revenue (FBR) Tuesday clarified that an amount of Rs20 million was allocated under Public Sector Development Programme (PSDP) for Single Window Programme (SWP) and not Rs200 million as reported in a section of press. The news item published in a section of press had claimed that Revenue Division… Continue reading Only Rs20 mln allocated for SWP under PSDP, clarifies FBR

Business community to fully support govt on crack down against tax evaders: UBG

ISLAMABAD, May 25 (APP): The United Business Group (UBG) in the federation of Pakistan Chamber of Commerce and Industry (FPCCI) Tuesday announced to fully support the government for launching vigorous crackdowns against the tax evaders in the country to provide solace to existing tax payers. In a press statement issued here, Group Patron-in-chief SM Muneer,Chairman… Continue reading Business community to fully support govt on crack down against tax evaders: UBG

Fruits exports increased record 1.15% in 10 months

ISLAMABAD, May 25 (APP): Fruits exports during first ten months of FY 2020-21 grew by 1.15 per cent as compared to the exports of the corresponding period of last year. During the period from July-April 20-21, Fruits worth US $ 393,216 thousand exported as compared to worth US $ 388,733 thousand of same period of… Continue reading Fruits exports increased record 1.15% in 10 months

Petroleum sector projects get Rs1,339.589 million in 11 months

ISLAMABAD, May 25 (APP): The government has so far provided funds amounting to Rs1,339.589 million during the current fiscal year to execute petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21). According to the official data as of May 21 that showed a slight readjustment in funds’ allocation and releases, an amount of… Continue reading Petroleum sector projects get Rs1,339.589 million in 11 months

Rice worth $1.794 billion exported in 10 months of FY2020-21

ISLAMABAD, May 25 (APP): Over 3.198 million metric tons of rice valuing $1.794 billion exported during 10 months of current financial year as compared the exports of 3.526 million metric tons worth $1.817 billion of the corresponding period of last year. During the period from July-April, 2020-21, exports of rice witnessed about 3.69 percent decline… Continue reading Rice worth $1.794 billion exported in 10 months of FY2020-21

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