Federal, provincial governments lauded for ensuring uninterrupted wheat supply

Federal Minister For Finance And Revenue, Dr. Abdul Hafeez Shaikh chairing a meeting of the National Price Monitoring Committee (NPMC) to review the price trend of essential commodities. APP

ISLAMABAD, Jan 25 (APP): Federal Minister for Finance & Revenue, Dr. Abdul Hafeez Shaikh here on Monday lauded the coordinated and consolidated efforts of the Federal and Provincial governments for ensuring uninterrupted provision of wheat throughout the country. The minister was chairing the meeting of the National Price Monitoring Committee (NPMC) here, according to press… Continue reading Federal, provincial governments lauded for ensuring uninterrupted wheat supply

ADB calls for far-reaching reforms to build resilient education systems amid COVID-19

ISLAMABAD, Jan 25 (APP): The governments and stakeholders in Asia and the Pacific should initiate far-reaching reforms to strengthen the resilience of education and training systems as they deal with the coronavirus disease (COVID-19) pandemic, according to a new guidance note from the Asian Development Bank (ADB). “With the right resources, strengthened capacity, and deliberate… Continue reading ADB calls for far-reaching reforms to build resilient education systems amid COVID-19

PSX gains 219 points to close at 46,087 points

ISLAMABAD, Jan 25 (APP):The KSE-100 index of the Pakistan Stock Exchange (PSX) Monday turned around and witnessed bearish trend, gaining 219.60 points, with positive change of 0.48 percent, closing at 46,087.64 points against 45,868.04 points on the last working day. A total 470,060,457 shares were traded during the day compared to the trade of 430,628,170… Continue reading PSX gains 219 points to close at 46,087 points

Auditor General of Pakistan recovers Rs 353 billion in six months

ISLAMABAD, Jan 25 (APP): The Office of Auditor General of Pakistan (AGP) has made recoveries of Rs 353.5 billion during first six months (July-December) of current fiscal year. Overall recoveries during the first two and half years from July 2018 to December 2020 the AGP office made were Rs 490.476 billion. According to data released… Continue reading Auditor General of Pakistan recovers Rs 353 billion in six months

Govt focusing on real sector economic growth: Hafeez

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ISLAMABAD, Jan 25 (APP): Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh said that the government had been focusing to improve the real sector growth through promotion of agriculture, industrial and services sectors of economy. “The government is focused on bringing improvement in the real sector growth through inclusive growth in agriculture, industrial… Continue reading Govt focusing on real sector economic growth: Hafeez

Sale, production of cars increases 13.42 and 1.93% respectively in 1st half

ISLAMABAD, Jan 25 (APP): The sale and production of cars in the country has witnessed an increase of 13.42 and 1.93 percent respectively during the first half of financial year 2020-21 as compared to corresponding period of last year. During the period under review, as many as 67,026 cars were sold against the sale of… Continue reading Sale, production of cars increases 13.42 and 1.93% respectively in 1st half

NBP Exchange Rates

KARACHI, Jan 25 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 160.95 160.45 EURO EUR 195.94 195.33 JAPANESE YEN JPY 1.5511 1.5463 BRITISH POUND GBP 220.53 219.85 SWISS FRANC CHF 181.80 181.24 CANADIAN DOLLAR CAD 126.69 126.30… Continue reading NBP Exchange Rates

Foreign exchange rates

KARACHI, Jan 25 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. 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 0.2345 25.01.2021 CONVERSION RATES FOR 25TH JANUARY… Continue reading Foreign exchange rates

Pharmaceutical exports increase 23.62% in 1st half of FY 2020-21

ISLAMABAD, Jan 24 (APP): The exports of Pharmaceutical products from the country witnessed an increase of 23.62 percent during the first half of ongoing financial year (2020-21) as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at US $138.751 million during July-December (2020-21) as against the export of… Continue reading Pharmaceutical exports increase 23.62% in 1st half of FY 2020-21

Italian envoy to provide ease of VISA to local businessmen

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ISLAMABAD, Jan 24 (APP): Ambassador of Italy to Pakistan Andreas Ferrarese on Sunday vowed to simplify the process of VISA issuance to Pakistani businessmen and traders to further promote business to business ties between Pakistan and Italy. “Simplification of the VISA process and procedure is the top priority of the Italian embassy in Islamabad” he… Continue reading Italian envoy to provide ease of VISA to local businessmen

Dawood promises to cut duties on raw materials: LCCI

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LAHORE, Jan 23 (APP): Advisor to Prime Minister on Commerce & Investment Abdul Razak Dawood has said that Regulatory Duty and Additional Duty on those raw materials will be abolished which are not being produced locally. He was talking to Lahore Chamber of Commerce & Industry (LCCI) President Mian Tariq Misbah, Senior Vice President Nasir… Continue reading Dawood promises to cut duties on raw materials: LCCI

PARC provides over 300 mounds pulses seeds to farmers of Tharparker

ISLAMABAD, Jan 23 (APP): Pakistan Agriculture Research Council (PARC) in collaboration with local non- governmental organisations had distributed about 300 mounds seeds of different pulses to farmers of Tharparkar for promoting agriculture sector of the desert areas. The initiative was aimed at encouraging pulses farming in these areas to address malnutrition and provide livelihood opportunities… Continue reading PARC provides over 300 mounds pulses seeds to farmers of Tharparker

ICT exports to cross $ 2 billion mark in FY- 2020-21:Dawood

ISLAMABAD, Jan 22 (APP):Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday expressed the hope that the country’s exports in Information and Communication Technology (ICT) will cross the $ 2 billion mark in the Financial Year (FY) 2020-21. “The ICT exports will soon become a very important sector in Pakistan’s total… Continue reading ICT exports to cross $ 2 billion mark in FY- 2020-21:Dawood

Chairman FPCCI stresses for enhancing Pak-Italy economic trade linkages

ISLAMABAD, Jan 21 (APP): The Chairman Federation Pakistan Chamber of Commerce and industry (FPCCI) Capital Office Haji Qurban Ali stressed the need to enhance the economic and trade linkages between the business community of Italy and Pakistan for increasing the trade between both sides. Local business community want equilibrium and to achieve trade balance as… Continue reading Chairman FPCCI stresses for enhancing Pak-Italy economic trade linkages

Progress made on draft agreement with 3 gas-based IPPs: Sources

ISLAMABAD, Jan 21 (APP): Progress was made on the agreement with the Independent Power Producers -as three gas-based leading IPPs agreed on a draft of legally binding contracts on the basis of MOUs initially signed in August 2019. The three companies; Sapphire, Halmore, and Orient, setup under the 2002 power policy, have moved ahead on… Continue reading Progress made on draft agreement with 3 gas-based IPPs: Sources

Gov’t spends record Rs 208 bln on development projects in 6 months :Asad Umar

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ISLAMABAD, Jan 21 (APP):Minister for Planning Development and Special Initiatives Asad Umar Thursday said the federal government had spent record Rs 208 billion on development projects under Public Sector Development Programme (PSDP) during first six months of current fiscal year. “This amount is 32 percent of total development outlay for the year 2020-21 which is… Continue reading Gov’t spends record Rs 208 bln on development projects in 6 months :Asad Umar

ECC reduces tax on commercial sugar imports to 0.25%; directs TCP to import white sugar

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ISLAMABAD, Jan 20 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved reduction of Withholding Income Tax on commercial import of white sugar and raw sugar form 5.5% to 0.25% besides approving removal of Value Added Sales Tax on import of white sugar. The approval was given on the presentation of summary by Ministry… Continue reading ECC reduces tax on commercial sugar imports to 0.25%; directs TCP to import white sugar

FPCCI invites Sweden to invest in CPEC, SEZs

ISLAMABAD, Jan 20 (APP):Federation of Pakistan Chambers and Commerce and Industry (FPCCI) Chairman Qurban Ali on Wednesday urged  for increasing the bilateral economic and trade relation between Pakistan and Sweden and also to increase the business to business connectivity among the business communities of the two sides. The Chairman FPCCI also invited Swedish investors to… Continue reading FPCCI invites Sweden to invest in CPEC, SEZs

Rs 213 million approved for DLTL payments: Razak Dawood

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ISLAMABAD, Jan 20 (APP): Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday informed that Rs. 213 million for Drawback of Local Taxes and Levies (DLTL) payments of non-textile sector have been approved. These are now with State Bank of Pakistan (SBP) and will soon be disbursed to the relevant exporters,… Continue reading Rs 213 million approved for DLTL payments: Razak Dawood

TERF provide concessionary refinance on 5 percent for manufacturers: Razak

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ISLAMABAD, Jan 20 (APP):Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday informed that the Temporary Economic Refinance Facility (TERF) providing long-term concessionary refinance at 5% for manufacturers and exporters has shown excellent results. This scheme will come to an end on March 31, 2021; the adviser said this on his… Continue reading TERF provide concessionary refinance on 5 percent for manufacturers: Razak

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