Hafeez asks provinces to monitor egg, vegetable prices

ISLAMABAD, Dec 21 (APP):Finance Minister Dr Abdul Hafeez Sheikh Monday urged the provincial governments to strictly monitor the prices of eggs and vegetable to maintain stability in prices across the country. He was chairing the meeting of National Price Monitoring Committee (NPMC), according to a finance ministry press statement. He directed the Secretary Commerce to… Continue reading Hafeez asks provinces to monitor egg, vegetable prices

PSX honours 3 Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ List

ISLAMABAD, Dec 21 (APP): The Pakistan Stock Exchange (PSX) on Monday held a Gong Ceremony to honour the tremendous achievement of the three listed companies based in Pakistan, that were recognized in the Forbes ‘Asia’s Best Under A Billion’ list. The companies that have made it to this distinctive list included Feroze1888 Mills Limited, The… Continue reading PSX honours 3 Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ List

Construction work on first private sector LNG terminal to start in January

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ISLAMABAD, Dec 21 (APP): A multinational company will start construction on first merchant Liquefied Natural Gas (LNG) terminal in the country by end of the next month [January] after the government opened up the energy sector under its ease-of-doing-business strategy. “A vibrant structural framework is very much in place under which construction work on the… Continue reading Construction work on first private sector LNG terminal to start in January

Textile exports up 4.88% in 5 months; 9.27% in November

Textile exports

ISLAMABAD, Dec 21 (APP):The exports of textile commodities witnessed an increase of 4.88 percent during the first five months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $6044.536 million in July-November (2020-21) against the exports of $5763.117 million in July-November (2019-20), showing growth… Continue reading Textile exports up 4.88% in 5 months; 9.27% in November

Commerce ministry sets exports targets to US $ 26 bln in three years: Razak Dawood

ISLAMABAD, Dec 20 (APP):Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Sunday said commerce ministry was resolved to achieve US $ 26 billion export target in next three years by exploring new trade markets across the world. The trade diversification, regional trade integration through Gwadar Port and exploring the new market… Continue reading Commerce ministry sets exports targets to US $ 26 bln in three years: Razak Dawood

SBP moves on dialogue to reduce gender gap in financial inclusion

KARACHI, Dec 19 (APP):State Bank of Pakistan will hold a webinar on ” Consultative Launch of Banking on Equality policy: Reducing the Gender Gap in Financial Inclusion on Monday to initiate a national dialogue on women’s financial inclusion. The webinar , scheduled to start 1730 hours , will be shown live on State Bank’s Facebook… Continue reading SBP moves on dialogue to reduce gender gap in financial inclusion

Pakistan’s economy improving despite negative impacts of COVID: Hammad

ISLAMABAD, Dec 19 (APP):Minister for Industries and Production Hammad Azhar Saturday said that Pakistan’s economy was moving up on the positive trajectory despite negative impacts of COVID-19 on the world economy. “Due COVID-19, the world’s economy is shrinking but Pakistan’s economy is showing positive growth,” he said in his tweet. عالمی ادارہ صحت اور وڑلڈ… Continue reading Pakistan’s economy improving despite negative impacts of COVID: Hammad

Shaikh honours farmers for contributing in economic growth

ISLAMABAD, Dec 19 (APP):Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh on Saturday honoured the contributions of farmers, who he said were playing an important role in helping Pakistan’s economy to grow. In a tweet on Kissan Day, the minister said that it was government’s vision to support farmers and enhance the agriculture… Continue reading Shaikh honours farmers for contributing in economic growth

Gwadar port provides huge trade opportunity to CARs, Afghanistan: Dawood

Gwadar’s multiple mega projects under CPEC to be completed in 2022

ISLAMABAD, Dec 19 (APP):Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said Gwadar port would provide huge opportunities to the energy rich Central Asian Countries and Afghanistan for regional trade connectivity. Talking to APP in an exclusive interview here, adviser Abdul Razak Dawood said that government was prioritizing the economic integration… Continue reading Gwadar port provides huge trade opportunity to CARs, Afghanistan: Dawood

SPI further decelerates 0.22%, easing Kitchen items’ prices

ISLAMABAD, Dec 18 (APP):The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 17, for the combined consumption group, witnessed nominal decrease of 0.22 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 140.73 points against 141.04 points… Continue reading SPI further decelerates 0.22%, easing Kitchen items’ prices

Minister for mobilizing youth to exploit agriculture entrepreneurship opportunities

ISLAMABAD, Dec 18 (APP):Minister for National Food Security and Research Syed Fakhar Imam on Friday called for mobilizing the youth to exploit entrepreneurship opportunities existing in local agriculture and livestock sectors, which was prerequisite to attain the goal of sustainable economic development. In his message on Farmers Day, he vowed for investing in research, development… Continue reading Minister for mobilizing youth to exploit agriculture entrepreneurship opportunities

ICT admin pays tribute to farmers with its ‘Salam Kissan’ campaign

ISLAMABAD, Dec 18 (APP): The Agriculture department, Islamabad Capital Territory (ICT) Friday launched a campaign ‘Salam Kissan’ to pay tribute to the farmers who remained a driving force behind the country’s economy and development. The drive was launched in connection with Pakistan Farmers Day being observed across the country on December 18th (today). The capital… Continue reading ICT admin pays tribute to farmers with its ‘Salam Kissan’ campaign

Gwadar port provides huge trade opportunity to CARs, Afghanistan: Dawood

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ISLAMABAD, Dec 17 (APP): The Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood Thursday said Gwadar port would provide huge opportunities to the energy rich Central Asian Countries and Afghanistan for regional trade connectivity. The government is prioritizing the economic integration to promote regional trade and connect the regional important trade players… Continue reading Gwadar port provides huge trade opportunity to CARs, Afghanistan: Dawood

Business community asked to tap investment opportunities in AJK

ISLAMABAD, Dec 17 (APP): Azad Kashmir offered attractive investment possibilities in many areas including hydropower, tourism, mining, furniture and handicrafts that should be exploited by the local and overseas Pakistanis to achieve lucrative outcomes. This was stated by Faheem Ahmed Abbasi, Additional Inspector General, Azad Kashmir Police here Thursday. He visited Islamabad Chamber of Commerce… Continue reading Business community asked to tap investment opportunities in AJK

Vegetables exports increased record 20.16%

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ISLAMABAD, Dec 17 (APP): Vegetables exports during first four months of FY 2020-21 increased by 20.16 per cent as compared to the exports of the corresponding period of last year. During the period from July-Oct 20, vegetables worth US $ 66,554 thousand exported as compared to US $ 55,386 thousand of same period of last… Continue reading Vegetables exports increased record 20.16%

ECC approves policies for mobile device, electric vehicle manufacturing, removes 4% tax on local phone production

ISLAMABAD, Dec 16 (APP): The Economic Coordination Committee (ECC) on Wednesday approved different policies pertaining to Mobile Device Manufacturing, Electric Vehicles, New Re-lending-2020 in addition to removal of 4 percent tax on locally manufactured phones and issuance of offshore Pakistan Rupee-linked Bonds to the International Finance Corporation (IFC). The ECC meeting was chaired by Federal… Continue reading ECC approves policies for mobile device, electric vehicle manufacturing, removes 4% tax on local phone production

Local POL production increase by 1.57% during July-October

ISLAMABAD, Dec 16 (APP): Overall production of petroleum commodities has witnessed an increase of 1.57 percent during the first four months of current financial year 2020-21 as compared to corresponding period of fiscal year 2019-20. POL products that showed positive growth include Kerosene Oil the production of which increased by 21.38 percent during the period… Continue reading Local POL production increase by 1.57% during July-October

Canada improves overall travel advisory for Pakistan: Razak Dawood

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ISLAMABAD, Dec 16 (APP): The Adviser to Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood Wednesday said that Canada has improved its overall travel advisory for most parts of Pakistan. This will further improve once the COVID-19 restrictions are removed, the adviser said in a tweet . I am glad to share… Continue reading Canada improves overall travel advisory for Pakistan: Razak Dawood

Petrol prices increase Rs.3 to Rs103.69 per liter

ISLAMABAD, Dec 15 (APP): The government on Tuesday decided to increase the prices of MS Petrol by Rs. 3 per liter, from Rs.100.69 to Rs.103.69 per liter. The new prices would be effective from Wednesday, December 16, 2020, according to press statement issued by the Finance Ministry here. The prices of High Speed Diesel have… Continue reading Petrol prices increase Rs.3 to Rs103.69 per liter

CCP unearths hardcore evidence of cartelization in cement manufacturing sector

ISLAMABAD, Dec 15 (APP): The Competition Commission of Pakistan (CCP) on Tuesday announced that the commission had found hardcore evidence of cartelization in cement manufacturing sector and also proven precedent for the involvement of All Pakistan Cement Manufacturers Association (APCMA) in anti-competitive activities. The big players including Lucky Cement, Bestway Cement, D G Khan Cement,… Continue reading CCP unearths hardcore evidence of cartelization in cement manufacturing sector

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