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

Tarin for timely completion of remaining FATF action plan items

ISLAMABAD, Apr 27 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin Tuesday expressed satisfaction over the significant headway made across all the areas of the Financial Action Task Force (FATF) action plan and resolved to continue efforts for timely completion of the remaining parts of it. The minister was talking to Director General, Financial… Continue reading Tarin for timely completion of remaining FATF action plan items

Imported tea consumption goes up 15.64 pc in 3 quarters

ISLAMABAD, Apr 27 (APP): The consumption of imported tea witnessed an increase of 15.64 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year. The tea imports during July-March (2020-21) stood at $435.098 million against the imports of $376.244 million during July-March (2019-20), according to… Continue reading Imported tea consumption goes up 15.64 pc in 3 quarters

Pakistan to further strengthen economic linkages with UK: Tarin

ISLAMABAD, Apr 26 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that Pakistan attached special importance to bilateral relations with the United Kingdom and affirmed to further strengthen economic and business linkages between the two countries. The minister was talking to British High Commissioner to Pakistan, Dr. Christian Turner, who called on him… Continue reading Pakistan to further strengthen economic linkages with UK: Tarin

Bulls return, PSX gains 976 points, closes at 45,682 points

ISLAMABAD, Apr 26 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) Monday turned around and witnessed bullish trend, gaining 976.01 points, with positive change of 2.18 per cent, closing at 45,682.77 points against 44,706.76 points on the last working day. A total of 409,086,956 shares were traded during the day compared to the… Continue reading Bulls return, PSX gains 976 points, closes at 45,682 points

Gold imports fall by 48.10 in 3 quarters

ISLAMABAD, Apr 26 (APP):The gold imports decreased by 48.10 percent during the first three quarters 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-March (2020-21) were recorded at $5.947 million as compared to the imports of… Continue reading Gold imports fall by 48.10 in 3 quarters

Pakistan earns $ 1298 mln from IT services’ export in 8 months

ISLAMABAD, Apr 26 (APP):Pakistan earned US $1298.080 million by providing different information technology (IT) services in various countries during the eight months of financial year 2020-21. This shows growth of 41.43 percent as compared to US $917.840 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics… Continue reading Pakistan earns $ 1298 mln from IT services’ export in 8 months

Rice exporter for increasing productivity under ‘Rice Value Chain’

ISLAMABAD, Apr 25 (APP):The country’s leading ‘Rice Exporter’ on Sunday stressed the need for increasing productivity in the ‘Rice Value Chain’ and better labor conditions for rice farmers to revolutionize the entire food value chain. To increase productivity in rice food value chain, better treatment facilities for farmers and good education for their children will… Continue reading Rice exporter for increasing productivity under ‘Rice Value Chain’

PSX agreed to on boarding of HBL as ‘Market Maker’

ISLAMABAD, Apr 25 (APP):Pakistan Stock Exchange (PSX) and Habib Bank Limited (HBL) has signed the agreement on Sunday at the PSX trading hall where by HBL becomes ‘Market Maker’ for debt instruments listed on PSX. A Gong Ceremony was held at Pakistan Stock Exchange (PSX) to welcome HBL on-board as a Market Maker for debt… Continue reading PSX agreed to on boarding of HBL as ‘Market Maker’

Cars production increases 20.09% during July-March 2020-21

ISLAMABAD, Apr 25 (APP):The production of cars in the country has witnessed an increase of 20.09 percent during the nine months of current financial year 2020-21 compared to corresponding period of last year. During the July-March (2020-21), as many as 106,439 cars were manufacture against the production of 88,628 units, showing growth of 20.09 percent,… Continue reading Cars production increases 20.09% during July-March 2020-21

Work on CPEC Western route in full swing: Asim Bajwa

File Photo

ISLAMABAD, Apr 25 (APP):Chairman China Pakistan Economic Corridor (CPEC) Authority Lt. General (retd) Asim Saleem Bajwa on Sunday said work on the China Pakistan Economic Corridor (CPEC) Western route was in full swing. He said the Hakla-DIKhan motorway was near completion and would likely be opened for traffic in August/September this year. “Hakla- DI Khan… Continue reading Work on CPEC Western route in full swing: Asim Bajwa

395 training sessions held for uplift of Pakistan’s Gems & Jewelry sector in 2019-20

ISLAMABAD, Apr 25 (APP): Realizing the country’s true potential in the Gemstones & Jewelry sector, the present government has organized around 395 training sessions in seven major cities during the last fiscal year for skill development of the workforce, equipping them with modern techniques and technologies being applied in the gemstones industry worldwide. Pakistan Gems… Continue reading 395 training sessions held for uplift of Pakistan’s Gems & Jewelry sector in 2019-20

Khusro demands PM to transfer SAB to another ministry

ISLAMABAD, Apr 24 (APP): Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar has demanded the Prime Minister Imran Khan that the Sugar Advisory Board (SAB) to be transferred to another ministry to ensure an equally good and impartial oversight of the working of an independent Board. Minister for Industries and Production said that he… Continue reading Khusro demands PM to transfer SAB to another ministry

Category: Business

Business news from Pakistan