PM re-constitutes Economic Advisory Council: Finance Ministry

2nd round of Pak-Afghan negotiations on double taxation concludes

ISLAMABAD, Apr 03 (APP): The Prime Minister has approved the re-constitution of Economic Advisory Council (EAC) to recommend macro-economic stabilization measures and carry forward the reform agenda for robust and sustained economic growth, Finance Ministry said in a statement here Saturday. The EAC would be chaired by the Prime Minister whereas Minister for Finance and… Continue reading PM re-constitutes Economic Advisory Council: Finance Ministry

Scope of CPEC expanding with inclusion of new project: Asad Umar

Govt procures Corona vaccines worth Rs 250bln: Asad

KARACHI, Apr 03 (APP): Federal minister for Planning, Development and Special Initiatives, Asad Umar, has said scope of China Pakistan Economic Corridor has expanding as various important projects entered into advanced stage. Talking to media persons during visit of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Saturday, the federal minister said… Continue reading Scope of CPEC expanding with inclusion of new project: Asad Umar

Kitchen items’ prices ease as SPI goes down 0.43pc

ISLAMABAD, Apr 03 (APP): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on April 1st, for the combined consumption group, witnessed decrease of 0.43 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 147.12 points against 147.76 points… Continue reading Kitchen items’ prices ease as SPI goes down 0.43pc

Chinese company to carry out marketing for Rashakai SEZ

ISLAMABAD, Apr 02 (APP):The China Road and Bridge Corporation (CRBC) would carry out the marketing campaign for the Rashakai Special Economic Zone under China Pakistan Economic Corridor (CPEC) expressing interest to work with the Board of Investment in this regard. In a meeting with Minister for Planning Development and Special Initiatives Asad Umar here on… Continue reading Chinese company to carry out marketing for Rashakai SEZ

Exports cross $ 2 b marks for six consecutive months

ISLAMABAD, Apr 2 (APP):The ministry of Commerce Friday informed that this is the first time that exports have crossed the $ 2 billion mark for six consecutive months after 2011. The exports in March 2021 increased to $2,345 million as compared to $ 2,068 million in February 2021, said a press release issued by Ministry… Continue reading Exports cross $ 2 b marks for six consecutive months

Govt implementing reform agenda for socioeconomic development: Hammad

ISLAMABAD, Apr 02 (APP):Federal Minister for Finance and Revenue Muhammad Hammad Azhar Friday said the government’s focus would be on pursuing social, financial and economic management; strengthening the social sectors; enhancing tax revenue generation and setting the energy sector in order. He was talking to the World Bank (WB) Country Director, Najy Benhassine who made… Continue reading Govt implementing reform agenda for socioeconomic development: Hammad

Gold prices increase by Rs1500 to Rs106,000 per tola

ISLAMABAD, Apr 02 (APP):The price of 24 karat per tola gold increased by Rs1500 on Friday and was traded at Rs106,000 against its sale at Rs104,500, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat gold also increased by Rs1286 and was traded at Rs90,878 against Rs89,592 whereas the prices of… Continue reading Gold prices increase by Rs1500 to Rs106,000 per tola

Deposits in RDA cross $800 m mark in 7 months

ISLAMABAD, Apr 2 (APP):The deposits in the State Bank of Pakistan (SBP)’s initiatives Roshan Digital Accounts (RDA) have crossed $800 million mark in seven months. The deposits by the overseas Pakistanis have crossed the $800 million mark on the back of huge inflows of $212 million in March, according to the SBP. The SBP said… Continue reading Deposits in RDA cross $800 m mark in 7 months

CPI inflation increases 9.1 percent in March

ISLAMABAD, Apr 02 (APP):The Consumer Price Index (CPI) based monthly inflation increased by 9.1 percent on year-on-year (YoY) basis in March 2021 as compared to an increase of 8.7% in the previous month and 10.2% in March 2020. Pakistan Bureau of Statistics (PBS) reported. On month-on-month (MoM) basis, it increased by 0.4% in March 2021… Continue reading CPI inflation increases 9.1 percent in March

FBR refutes news story on imposition of new taxes

ISLAMABAD, Apr 02 (APP): The Federal Board of Revenue (FBR) Friday refuted a news item published in a section of press, claiming imposition of new tax in the upcoming budget for the fiscal year 2021-22. A press statement issued by the board here clarified that a meeting held under the chair of Special Assistant to… Continue reading FBR refutes news story on imposition of new taxes

NBP Rates 2 Karachi

KARACHI, Apr 02 (APP):EXCHANGE RATES FOR CURRENCY NOTES CURRENCY SELLING BUYING USD 155.24 151.67 GBP 214.93 209.95 EUR 182.86 178.65 JPY 1.4037 1.3614 SAR 41.44 40.40 AED 42.27 41.28 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.11113 LIBOR 3M 0.19425 LIBOR 6M 0.20525 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/ 15… Continue reading NBP Rates 2 Karachi

NBP Exchange Rates

KARACHI, Apr 02 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 153.70 153.20 EURO EUR 181.05 180.46 JAPANESE YEN JPY 1.3898 1.3853 BRITISH POUND GBP 212.80 212.11 SWISS FRANC CHF 163.23 162.70 CANADIAN DOLLAR CAD 122.68 122.28… Continue reading NBP Exchange Rates

Foreign Currency Account Scheme

KARACHI, Apr 02 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following. Base Rate, here on Friday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 06-04 21 For 3 months and… Continue reading Foreign Currency Account Scheme

Foreign exchange rates

KARACHI, Apr 02 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.2053 06.04.2021 CONVERSION RATES FOR 02ND APRIL… Continue reading Foreign exchange rates

IMF mulls additional financial support to partner countries

ISLAMABAD, Apr 01 (APP): The International Monetary Fund (IMF) is deliberating the possibility of extending additional financial support to partner countries during the current testing times amid COVID-19 pandemic. “The IMF Board is also deliberating the possibility of extending additional financial support to partner countries during these testing times,” said IMF Managing Director, Kristalina Georgieva.… Continue reading IMF mulls additional financial support to partner countries

Hammad declares CPEC as most important project for Pakistan

ISLAMABAD, Apr 1 (APP): Federal Minister for Finance and Revenue, Industries and Production, Muhammad Hammad Azhar on Thursday said that China-Pakistan Economic Corridor (CPEC) is a project of highest importance for Pakistan to achieve the agenda of economic development and prosperity. Federal Minister for Finance expressed these views while chairing a meeting regarding economic and… Continue reading Hammad declares CPEC as most important project for Pakistan

Pak-Afghanistan signed extension of APTTA

ISLAMABAD, Apr 1 (APP): Pakistan and Afghanistan on Thursday signed a Protocol for three-month extension of Afghanistan-Pakistan Transit Trade Agreement 2010 (APTTA) for smooth functioning of transit trade between both sides. The Adviser to Prime Minister on Commerce and Investment , Abdul Razak Dawood and Minister of Industry and Commerce Afghanistan Nisar Ahmad Ghoriyani have… Continue reading Pak-Afghanistan signed extension of APTTA

SBP issues revised regulatory instructions on call center management

KARACHI, Apr 01 (APP): State bank of Pakistan (SBP) has issued revised and consolidated regulatory instructions on call center management for convenience of costumers and security of their data. All banks and financial institutions would ensure to deploy toll-free numbers, reduction of call wait time, confidentiality of the customers’ data and periodic reporting on performance… Continue reading SBP issues revised regulatory instructions on call center management

PSX loses 159 points to close at 44,428 points

ISLAMABAD, Apr 01 (APP): The KSE-100 index of the Pakistan Stock Exchange (PSX) Thursday witnessed bearish trend, losing 159.75 points, with negative change of 0.36 per cent, closing at 44,428.10 points against 44,587.85 points on the last working day. A total 313,508,511 shares were traded during the day compared to the trade of 443,904,837 shares… Continue reading PSX loses 159 points to close at 44,428 points

BOI rejects Japanese citizen’s baseless claims on social media

ISLAMABAD, Apr 1 (APP): The Board of Investment (BOI) on Thursday has rejected the baseless claims and propaganda of Rana Abid Hussain on social media, calling it ridiculous. A Japanese citizen of Pakistani origin has started a baseless and fabricated campaign on social media against Pakistan’s institutions and embassies in the last few days, said… Continue reading BOI rejects Japanese citizen’s baseless claims on social media

Category: Business

Business news from Pakistan