ISLAMABAD, Apr 30 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on April 29, for the combined consumption group, witnessed nominal increase of 0.05 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 148.27 points against 148.20… Continue reading Weekly inflation witnesses nominal increase of 0.05 pc
Category: Business
Business news from Pakistan
SBP asks banks to rationalize charges, expedite processing of applications of Mera Ghar housing scheme
KARACHI, Apr 30 (APP): The State Bank of Pakistan, Friday, directed all banks and financial institutes to rationalize processing fee and devise a comprehensive mechanism equipped with online E-tracking system to expedite processing of applications received under PM’s “Mera Pakistan Mera Ghar” housing finance scheme. “Devise a system to monitor 30 days Turn Around Time… Continue reading SBP asks banks to rationalize charges, expedite processing of applications of Mera Ghar housing scheme
Pakistan, WB sign financing agreement of $ 400 million for KPK
ISLAMABAD, Apr 30 (APP): Pakistan and World Bank on Friday signed the financing agreement of worth $ 400 million for different development projects in Khyber Pakhtunkhwa (KPK). Minister for Economic Affairs, Omar Ayub Khan witnessed the signing ceremony of loan agreement of “Khyber Pakhtunkhwa Spending Effectively for Enhanced Development (SPEED) Program” worth $ 400 million… Continue reading Pakistan, WB sign financing agreement of $ 400 million for KPK
First-ever shipment from Pakistan under TIR leaves for Uzbekistan: Razak Dawood
ISLAMABAD, Apr 30 (APP): Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood Friday said Pakistan crosses milestone in trade world by sending first ever Transports Internationaux Routiers (TIR) consignment by Afghanistan to Uzbekistan. The adviser informed that a milestone has been achieved in Pakistan’s transit trade history as Pakistan Customs processed… Continue reading First-ever shipment from Pakistan under TIR leaves for Uzbekistan: Razak Dawood
Weekly progress review meeting on PSMs held
ISLAMABAD, Apr 30 (APP): Federal Minister for Privatisation Mohammedmian Soomro and Minister for Industries and Production Khusro Bakhtiar on Friday co-chaired an inter-ministerial weekly progress review meeting on revival of Pakistan Steel Mills (PSM). Privatisation Secretary Hasan Nasir Jamy, Industries Secretary Afzal Latif, Additional Secretary Industries and other senior officials of the ministries attended the… Continue reading Weekly progress review meeting on PSMs held
High capacity scanner to be installed at Karachi Airport: Adviser
ISLAMABAD, Apr 29 (APP): Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Thursday said that Ministry of Commerce and Civil Aviation Authority (CAA) agreed to install a state-of-the-art high capacity scanner at Karachi Airport. Installation of scanner will enable export consignments of vegetables and fruits, especially mangoes, to be scanned in… Continue reading High capacity scanner to be installed at Karachi Airport: Adviser
Tarin for early completion of Pakistan Single Window project
ISLAMABAD, Apr 29 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin, Thursday urged upon the Federal Board of Revenue (FBR) and other concerned departments to make an all-out effort for completion the Pakistan Single Window (PSW) project that would pave way for ease in imports and exports. He was chairing the meeting of the… Continue reading Tarin for early completion of Pakistan Single Window project
Gold prices increase by Rs300 to Rs104,200 per tola
ISLAMABAD, Apr 29 (APP): The price of 24 karat per tola gold witnessed increase of Rs 300 on Thursday and was traded at Rs 104,200 as compared to 103,900 the previous day, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat gold also increased by Rs 257 and was sold at… Continue reading Gold prices increase by Rs300 to Rs104,200 per tola
SECP launches combined digital registration with provincial agencies
ISLAMABAD, Apr 29 (APP): As part of its transformational journey, the Security and Exchange Commission of Pakistan (SECP) Thursday introduced a single combined digital certificate evidencing registration with SECP and some provincial departments simultaneously. The SECP continues to strive for reducing physical interaction with the citizens, and is focused on providing services through use of… Continue reading SECP launches combined digital registration with provincial agencies
Soomro chairs meeting to review progress of selected PSEs
ISLAMABAD, Apr 29 (APP): Federal Minister for Privatization Mohammedmian Soomro on Thursday chaired regular weekly meeting to review progress made so far in the privatization of selected PSEs. Federal Secretary Privatisation Hasan Nasir Jamy, Additional Secretary Privatisation Khaqan Babar, transaction managers, consultants and senior officials of the ministry attended the meeting, said a press release.… Continue reading Soomro chairs meeting to review progress of selected PSEs
Pakistan, Saudia Arabia agree to enhance bilateral economic, trade ties
ISLAMABAD, Apr 28 (APP): Saudi Arabia and Pakistan on Wednesday agreed to enhance bilateral economic trade ties in different potential sectors. Ambassador of the Kingdom of Saudi Arabia in Pakistan Nawaf Saeed A. Al Malkiy called on the Federal Minister for Economic Affairs Omar Ayub Khan in his office. The two sides reaffirmed the resolve… Continue reading Pakistan, Saudia Arabia agree to enhance bilateral economic, trade ties
Finance Minister updated on tariff rationalization measures
ISLAMABAD, Apr 28 (APP): Ministry of Commerce Wednesday updated the Federal Minister for Finance and Revenue Shaukat Tarin on tariff rationalization measures and its role in enhancing economic activities in the country. The update was given during a meeting on tariff rationalization, which was presided over by the federal minister, according to press statement issued… Continue reading Finance Minister updated on tariff rationalization measures
Tarin seeks support to stimulate economic recovery amid Covid-19
ISLAMABAD, Apr 28 (APP):Amid the nascent signs of economic recovery, Federal Minister for Finance and Revenue Shaukat Tarin Wednesday sought support from development partners to stimulate economic recovery during the third wave of Covid-19, which, he said, was challenging. “The third wave of COVID-19 is particularly challenging and Pakistan needs support of development partners to… Continue reading Tarin seeks support to stimulate economic recovery amid Covid-19
ECC approves release of RLNG subsidy for export-oriented industry
ISLAMABAD, Apr 28 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved Power Division regarding the releases of subsidy for the supply of 100 percent RLNG to export oriented industry for the month of March 2020. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Economic Coordination… Continue reading ECC approves release of RLNG subsidy for export-oriented industry
Fiscal deficit contained at 3.5 pc in 8 months
ISLAMABAD, Apr 28 (APP): Owing to the government’s efforts, the fiscal deficit during the first eight months (July-February) of the current fiscal year has been contained at 3.5 percent of the Gross Domestic Product (GDP).“Despite higher mark-up payments and COVID-related expenditures, the fiscal sector continues to perform better as a result of the government’s efforts… Continue reading Fiscal deficit contained at 3.5 pc in 8 months
ADB predicts 2% growth in FY21, 4% by FY22
ISLAMABAD, Apr 28 (APP):Pakistan’s economic growth is expected to rebound this year before gaining pace in 2022 as business activity gradually resumes after the coronavirus disease (COVID-19) pandemic, the Asian Development Bank (ADB) said. According to the Asian Development Outlook (ADO) 2021, ADB’s annual flagship economic publication, Pakistan’s economy will grow by two percent in… Continue reading ADB predicts 2% growth in FY21, 4% by FY22
Minister extends govt’s support to K-Electric
ISLAMABAD, Apr 27 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Tuesday stated that the government was ready to extend all possible support to the K-Electric for overcoming constraints and making it dynamic and sustainable in the long-run. The minister was talking to Chairman K-Electric Shan A. Ashary who along with Member Board of… Continue reading Minister extends govt’s support to K-Electric
Finance Minister briefed on Kamyab Jawan Programme
ISLAMABAD, Apr 27 (APP): Pakistan Tahreek-i-Insaf (PTI) Senior Leader and Former Special Assistant to the Prime Minister on Youth Affairs, Usman Dar Tuesday briefed the Federal Minister for Finance and Revenue, Shaukat Tarin about youth-focused development initiatives taken by the government in spheres of education, employment and civic engagement. During a call on meeting with… Continue reading Finance Minister briefed on Kamyab Jawan Programme
South Balochistan’s development govt’s top priority: Asim Bajwa
ISLAMABAD, Apr 27 (APP): CPEC Authority Chairman Lt General (retd) Asim Saleem Bajwa Tuesday said the development of roads in South Balochistan was key priority of the government to improve connectivity of Gwadar with North. In a tweet, he said about 60 percent construction work of Basima-Khuzdar road had been completed while construction of Hoshab… Continue reading South Balochistan’s development govt’s top priority: Asim Bajwa
CDNS obtains free deposit of Rs670 bln in last 3 quarters
ISLAMABAD, Apr 27 (APP): The Central Directorate of National Savings (CDNS) has received a free deposit of Rs670 billion in the last three quarters from July 1, to April 25, in the current fiscal year 2020-21. The CDNS has set Rs249 billion annual collection target collection from July 1 to June 30 for the year… Continue reading CDNS obtains free deposit of Rs670 bln in last 3 quarters
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