ISLAMABAD, May 12 (APP):Project for Pakistan and Uzbekistan transit trade and export goods to Pakistan through the territory of Afghanistan launched on Tuesday in Islamabad. According to the Press Release from Ministry of Commerce, the Embassy of Uzbekistan in Pakistan together with Pakistani transport company “Best Trans Pvt. Ltd.” and Uzbek freight forwarding company “Asad… Continue reading Pakistan-Uzbekistan transit trade marks historic launch
Category: Business
Business news from Pakistan
Pakistan exports to EU increase by $ 1.1 billion in last 10 months
ISLAMABAD, May 12 (APP):Adviser to Prime Minister on Commerce and Investment , Abdul Razak Dawood on Wednesday said that Pakistan exports to European Union (EU) countries increased by $ 1.1 billion during last 10 months of current Fiscal Year 2020-21. The increased by 17.4 percent to $ 7.474 billion as compared to $6.367 billion in… Continue reading Pakistan exports to EU increase by $ 1.1 billion in last 10 months
First-ever truck from Uzbekistan reach Pakistan under TIR Convention
ISLAMABAD, May 12 (APP):Adviser to Prime Minister on Commerce and Industry Abdul Razak Dawood on Wednesday said that a new milestone has been achieved with the first-ever truck from Uzbekistan reaching Pakistan under the TIR Convention. This was the result of collaboration between the transport companies of the two sides, said on his twitter account,… Continue reading First-ever truck from Uzbekistan reach Pakistan under TIR Convention
NPMC sees rising international prices as a cause of inflation
ISLAMABAD, May 10 (APP): The National Price Monitoring Committee (NPMC) on Monday observed that major driver behind increase in prices of items of daily use was massive international price hike due to ongoing COVID-19 crisis. The NPMC meeting was held here under the chairmanship of Finance Minister, according to press statement issued by the Finance… Continue reading NPMC sees rising international prices as a cause of inflation
Exports to Australia reach at $229 million in last ten months: Razak
ISLAMABAD, May 09 (APP):Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Sunday said that exports to Australia reached at $229 million in last ten months of current Fiscal year 2020-21 as compared to $177 million in same period of last FY 2019-20. “We are glad to share that during July-April 2021,… Continue reading Exports to Australia reach at $229 million in last ten months: Razak
Local POL production increases 12.71% in 3rd quarter
ISLAMABAD, May 09 (APP): The overall production of petroleum commodities has witnessed an increase of 12.71 percent during the first three quarters of financial year 2020-21 as compared to corresponding period of last year. The Petroleum, Oil and Lubricants (POL) products that showed growth including kerosene oil production, which increased by 0.44 percent during the… Continue reading Local POL production increases 12.71% in 3rd quarter
Amazon operation in Pakistan to unleash new vistas for exports
ISLAMABAD, May 09 (APP): Pak-US Business Council on Sunday hailing the epoch making decision of US e-commerce giant “ Amazon” to add Pakistan to its seller list said it would unleash new vistas for young entrepreneurs to join the global export markets. Founder chairman Pak US Business Council and President South Asian Association for Regional… Continue reading Amazon operation in Pakistan to unleash new vistas for exports
Federal govt to boost development expenditure by 40% to Rs 900 bln in FY22: Tarin
ISLAMABAD, May 08 (APP): Finance Minister Shaukat Tarin said Pakistan planned to boost spending on large infrastructure projects by as much as 40 percent to create jobs and foster productivity in an economy crippled by the coronavirus pandemic. In an interview with Bloomberg, the minister said the federal government would earmark as much as 900… Continue reading Federal govt to boost development expenditure by 40% to Rs 900 bln in FY22: Tarin
Closing Rates of PSX
KARACHI, May 07 (APP): Following were the closing rates of shares at Pakistan Stock Exchange Limited (PSX) issued here on Friday. AUTOMOBILE ASSEMBLER: Al-Ghazi Tractors Limited.364.5 Atlas Honda Limited.456.28 Dewan Farooque Motors Limited [ DEFAULTER SEGMENT ]4.78 Ghandhara Industries Ltd.247.7 Ghandhara Nissan Ltd.94.74 Ghani Automobile Industries Ltd.6.06 Hino Pak Motor Limited.340 Honda Atlas Cars (Pak)… Continue reading Closing Rates of PSX
Tarin for chalking out different plans to reform pay, pension system
ISLAMABAD, May 07 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Friday directed the Pay and Pension Commission to chalk out short, medium and long term plans for reformation of pay and pension system in the public sector over a period of time. During a meeting with Chairperson, Pay and Pension Commission Nargis Sethi,… Continue reading Tarin for chalking out different plans to reform pay, pension system
Asad Umar stresses need for JVs between investors of Pak, China in CPEC SEZs
ISLAMABAD, May 7 (APP): Federal Minister for Planning, Development and Special Initiatives Asad Umar on Friday emphasized the need for joint ventures between the investors of Pakistan and China in the Special Economic Zones (SEZs) being established in Pakistan under the China-Pakistan Economic Corridor (CPEC). He said that the SEZs under CPEC would provide maximum… Continue reading Asad Umar stresses need for JVs between investors of Pak, China in CPEC SEZs
Govt. committed for growth oriented budget 2021-22: Tarin
ISLAMABAD, May 6 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin on Thursday reiterated the government’s commitment to unveil a growth-oriented federal budget (2021-22). Talking to Vice President of Institute of Chartered Accountants of Pakistan (ICAP) Ashfaq Tola, who called on him here, the finance minister welcomed the ICAP vice president and discussed the… Continue reading Govt. committed for growth oriented budget 2021-22: Tarin
Closing Rates of PSX
KARACHI, May 06 (APP): Following were the Closing Rates of shares at Pakistan Stock Exchange Limited (PSX) issued here on Thursday. AUTOMOBILE ASSEMBLER Al Ghazi Tractors Limited.364.5 Atlas Honda Limited.456.28 Dewan Farooque Motors Limited [DEFAULTER SEGMENT]4.78 Ghandhara Industries Ltd.247.7 Ghandhara Nissan Ltd.94.74 Ghani Automobile Industries Ltd.6.06 Hino Pak Motor Limited.340 Honda Atlas Cars (Pak) Ltd.297.6… Continue reading Closing Rates of PSX
ICCI for withdrawal of lease extension notices to promote business activities in federal capital
ISLAMABAD, May 06 (APP): Islamabad Chamber of Commerce and Industry (ICCI) Thursday called upon the Capital Development Authority (CDA) to immediately withdraw the lease extension notices to local industries in order to promote trade and business activities in capital city. ICCI Acting President Fatma Azim called upon the CDA to immediately withdraw the lease extension… Continue reading ICCI for withdrawal of lease extension notices to promote business activities in federal capital
Amazon to add Pakistan in sellers’ list in few days
ISLAMABAD, May 06 (APP): The United States (US) e-commerce giant ‘Amazon’ will add Pakistan to its sellers’ list within a few days, Adviser to Prime Minister for Commerce and Investment,Abdul Razak Dawood said on Thursday. An important milestone of the e-Commerce policy has been achieved through teamwork by many people across the globe, the Adviser… Continue reading Amazon to add Pakistan in sellers’ list in few days
PSX stay bullish, gains 231 points, closes at 45,174 points
ISLAMABAD, May 06 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 231.06 points, with positive change of 0.51 per cent, closing at 45,174.67 points against 44,943.61 points on the last working day. A total of 245,642,752 shares were traded during the day compared to the trade… Continue reading PSX stay bullish, gains 231 points, closes at 45,174 points
New schemes for SMEs to accelerate credit uptake ratio up to 30%: Raza Baqir
ISLAMABAD, May 06 (APP): State Bank of Pakistan Governor Reza Baqir Thursday said the new scheme for the SME sector would accelerate the credit uptake ratio of the smaller businesses up to 30 percent approximately during three years. He was briefing Federal Minister for Finance and Revenue Shaukat Tarin through video link during his meeting… Continue reading New schemes for SMEs to accelerate credit uptake ratio up to 30%: Raza Baqir
NBP Exchange Rates
KARACHI, May 06 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 153.60 153.10 EURO EUR 184.30 183.70 JAPANESE YEN JPY 1.4044 1.3999 BRITISH POUND GBP 213.44 212.75 SWISS FRANC CHF 168.03 167.49 CANADIAN DOLLAR CAD 125.13 124.73… Continue reading NBP Exchange Rates
NBP Exchange Rates
KARACHI, May 06 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 153.60 153.10 EURO EUR 184.30 183.70 JAPANESE YEN JPY 1.4044 1.3999 BRITISH POUND GBP 213.44 212.75 SWISS FRANC CHF 168.03 167.49 CANADIAN DOLLAR CAD 125.13 124.73… Continue reading NBP Exchange Rates
Next FY to be year of economic rehabilitation: Hashim
LAHORE, May 05 (APP): Punjab Finance Minister Makhdoom Hashim Javan Bakht on Wednesday said that financial year (FY) 2021-22 would be the year of economic rehabilitation. Chairing a pre-budget consultative meeting with leading economists under the Sub-National Governance Programme (SNG) here, he added that Universal Health Coverage Programme would ensure the healthy society and the… Continue reading Next FY to be year of economic rehabilitation: Hashim
- Pakistan to tour New Zealand for 3 ODIs, 5 T20Is next March
- A delegation of the world’s leading shipping and logistics company A.P. Møller – Mærsk led by CEO of APM Terminals and board member of A.P. Møller – Mærsk Mr. Keith Svendsen call on Prime Minister Muhammad Shehbaz Sharif
- Prime Minister Muhammad Shehbaz Sharif distributing certificates of appreciation among the high achiever women and girls in the field of IT
- Prime Minister Muhammad Shehbaz Sharif distributing certificates of appreciation among the high achiever women and girls in the field of IT
- Prime Minister Muhammad Shehbaz Sharif distributing certificates of appreciation among the high achiever women and girls in the field of IT
