KARACHI, Oct 16 (APP):Governor State Bank of Pakistan Dr. Reza Baqir launched SBP FX Regulatory Approval System (RAS) on Friday for end-to-end digitalization of Foreign Exchange related case submission process. Adviser to the Prime Minister on Institutional Reforms and Austerity and the Governor State Bank of Pakistan (SBP) gave the keynote speech at the event,… Continue reading SBP Governor launches digitization of FX regulatory approvals system
Category: Business
Business news from Pakistan
Agriculture development vital to end hunger: Imam
ISLAMABAD, Oct 16 (APP):Minister for National Food Security and Research Syed Fakhar Imam said on Friday that agriculture sector development was vital for ensuring food security and safety in the country. He said government was focusing to ensure supply of key inputs including fertilizer, seed, pesticides at rational prices. Addressing a ceremony held at National… Continue reading Agriculture development vital to end hunger: Imam
JCC to consider road projects in CPEC
ISLAMABAD, Oct 15 (APP): The government Thursday decided to take up new road projects to be included in China Pakistan Economic Corridor (CPEC) in the annual meeting of Joint Coordination Committee (JCC) on CPEC that is scheduled to be held in Beijing next month. This was decided in a consultative meeting to review the preparations… Continue reading JCC to consider road projects in CPEC
USC to launch mobile stores in Rawalpindi Region
ISLAMABAD, Oct 16 (APP): The Utility Stores Corporation of Pakistan has formally launched its mobile stores services in Rawalpindi Region in order to directly benefit and facilitate the general public from the steps taken by the government. Regional Manager of the corporation said that government had provided essential commodities on controlled rates during lock down… Continue reading USC to launch mobile stores in Rawalpindi Region
ECC grants approval to import of 340,000 MT of wheat
ISLAMABAD, Oct 15 (APP): The Economic Coordination Committee (ECC) of the Cabinet Thursday granted approval for the import of 340,000 metric tons of wheat, which would be distributed amongst the three parties’ i.e PASSCO, Punjab and Khyber Pakhtunkhwa in proportion to what they have ordered or demanded. The meeting of ECC was chaired by Adviser… Continue reading ECC grants approval to import of 340,000 MT of wheat
CCOE for ensuring domestic, industrial demand during winter
ISLAMABAD, Oct 15 (APP): Committee on Energy (CCOE) here on Thursday directed the Ministry of Energy to plan for meeting the industrial and residential demand fully during winter months, without any curtailment of load. The CCoE further directed the ministry to ensure that the utilization of all other fuel sources, including renewable and coal, is… Continue reading CCOE for ensuring domestic, industrial demand during winter
PTI govt taking steps to revive economy, facilitating businessmen: Abdul Hafeez Shaikh
LAHORE, Oct 15 (APP):Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh on Thursday said that previous governments’ financial policies caused severe damage to the national economy, but now Pakistan Tehreek-e-Insaf (PTI) government had steered the country out of economic crisis by paying back huge loans and taking comprehensive steps to boost exports.… Continue reading PTI govt taking steps to revive economy, facilitating businessmen: Abdul Hafeez Shaikh
Asad for enhancing business-to-business linkages with China
ISLAMABAD, Oct 15 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Thursday emphasized to enhance business-to-business linkages between China and Pakistan and facilitate enhanced investment from Chinese enterprises. The minister chaired a consultative meeting to review the preparations for the upcoming 10th Joint Cooperation Committee (JCC) meeting on China Pakistan Economic Corridor. All… Continue reading Asad for enhancing business-to-business linkages with China
Finance Division rebuts report on depleting foreign exchange reserves, bond programme
ISLAMABAD, Oct 15 (APP):The Finance Division Thursday rebutted a news report published in a section of press claiming that Pakistan’s foreign exchange reserves were depleting and that it would not be possible to float bonds unless the stalled IMF programme is revived. Spokesperson of the Finance Ministry in a statement issued here said that the… Continue reading Finance Division rebuts report on depleting foreign exchange reserves, bond programme
Pak-UK reviews £ 2.2 billion, £706 million Pounds ongoing projects
ISLAMABAD, Oct 14 (APP): Minister for Economic Affairs Makhdum Khusro Bakhtyar Tuesday chaired a high-level Portfolio Review Meeting of UK-Foreign Commonwealth and Development Office’s (UK-FCDO) projects in Pakistan. During the meeting, on-going and pipeline projects worth of 2.2 billion Pounds and 706 million Pounds respectively in Pakistan were reviewed under UK-FCDO, said a press release… Continue reading Pak-UK reviews £ 2.2 billion, £706 million Pounds ongoing projects
ECC approves grants, funds for different ministries
ISLAMABAD, Oct 14 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved technical supplementary grant for Power Holding Limited (PHL) in addition to giving approval to various funds. The meeting of the ECC was chaired by Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh, according to press statement issued by… Continue reading ECC approves grants, funds for different ministries
Political stability prerequisite for sustainable economic growth:SAARC CCI
ISLAMABAD, Oct 14 (APP): President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Wednesday urged the need for maintaining political stability which was prerequisite for sustained economic growth to cope with the multiple challenges faced by the country. Addressing members of core committee of United Business Group in connection with forthcoming annual election… Continue reading Political stability prerequisite for sustainable economic growth:SAARC CCI
President ICCI urges for industrial competitive to benefits from CPFTA
ISLAMABAD, Oct 13 (APP): President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Yasir Ilyas Khan Tuesday said skilled human capital resources, competitive industrial sector and connection with global value chains such as China were the only way forward for Pakistan economy to get more benefits from China Pakistan Free Trade Agreement (PCFTA). He was… Continue reading President ICCI urges for industrial competitive to benefits from CPFTA
Policy to appoint legal advisors, advocates on FBR panel approved
ISLAMABAD, Oct 13 (APP): The Federal Board of Revenue (FBR) has approved the policy to appoint legal advisors and advocates on the panel of the board. According to an FBR press statement issued here on Tuesday, the Policy was approved in the 6th Board-in-Council meeting held in the last week of September. In the light… Continue reading Policy to appoint legal advisors, advocates on FBR panel approved
Worker’s remittances surge 31.2 in September
ISLAMABAD, Oct 12 (APP): The workers’ remittances sent by the overseas Pakistanis surged by 31.2 percent to $2.3 billion in September against same month of last year. The remittances stood at above $2 billion for fourth consecutive month in September, said a statement issued by the State Bank of Pakistan (SBP). On month on month… Continue reading Worker’s remittances surge 31.2 in September
Speakers agrees to increase bilateral trade between Pakistan-Sri Lanka
ISLAMABAD, Oct 11 (APP): The speakers during ‘Book Launching” on Pakistan – Sri Lanka Free Trade Agreement (PSFTA) have agreed that through the proper execution of the agreement both the countries would increase their trade volume from the recent ratio of bilateral trade. The Federation Pakistan Chamber of Commerce and Industry (FPCCI) has launched the… Continue reading Speakers agrees to increase bilateral trade between Pakistan-Sri Lanka
Rice traders organizes sessions on agri- children rights
ISLAMABAD, Oct 11 (APP): The top rice traders has organized the workshops for educating the 1000 rice transplanters families and their children on Child Rights and to create awareness for their personal health, hygiene and Prevention from COVID-19 pandemic. The top rice trader of the country, Rice Partners (Pvt) Ltd (RPL) organized 20 awareness sessions… Continue reading Rice traders organizes sessions on agri- children rights
Pakistani diaspora in Canada urged to pursue long-term investments in Pakistan
ISLAMABAD, Oct 9 (APP):Pakistan’s High Commissioner to Canada Raza Bashir Tarar on Friday urged the Pakistani diaspora and their representative associations in Canada to synergise their resources and formulate consortiums to launch bigger investment and long term development initiatives in Pakistan. “It is heartening to see the Pakistani diaspora in North America come forward and… Continue reading Pakistani diaspora in Canada urged to pursue long-term investments in Pakistan
Sindh loses 30% or 1.4 mln cotton bales: Fakhar Imam
ISLAMABAD, Oct 9 (APP): Minister for National Food Security and Research Syed Fakhar Imam Friday said that Sindh province has lost nearly 30 percent or 1.4 million bales of cotton this year due to climate change implication. “Unfortunately cotton has been extraordinarily badly hit this year mainly due to climate change implications,” he said while… Continue reading Sindh loses 30% or 1.4 mln cotton bales: Fakhar Imam
ECC allows OGRA to issue licenses for RLNG-based CNG stations
ISLAMABAD, Oct 7 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday allowed Oil and Gas Regulatory Authority (OGRA) to issue new CNG Licenses to Regasified Liquified Natural Gas (RLNG) based CNG stations. The ECC meeting, chaired by Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh here, however, made it… Continue reading ECC allows OGRA to issue licenses for RLNG-based CNG stations