Robust progress made on ICRG Action plan

ISLAMABAD, Sep 24 (APP): The National Executive Committee( NEC) on Anti- Money Laundering (AML) was briefed on Thursday that Pakistan has demonstrated robust progress towards the completion of its International Co-operation Review Group (ICRG) Action plan irrespective of the challenges of COVID-19. The 16th meeting of the committee, chaired by Adviser to the Prime Minister… Continue reading Robust progress made on ICRG Action plan

NeCC includes bringing international payment methods to Pakistan

ISLAMABAD, Sep 24 (APP): The 3rd meeting of National e-Commerce Council (NeCC) on Thursday included the project “kickoff” between National Institutional Facilitation Technologies (NIFT) and Checkout.com for bringing international payment methods to Pakistan. The implementation will enable both organizations to provide payment services through each others infrastructure and pursue commercial opportunities as a partnership, said… Continue reading NeCC includes bringing international payment methods to Pakistan

Audit regulator fines audit firm of chartered accountants

ISLAMABAD, Sep 24 (APP): The Audit Oversight Board (AOB) has imposed a fine of Rs50,000 on Aslam Malik & Company, Chartered Accountants. The Firm had committed multiple violations of the law. One of the reported partners of the firm signed six auditor’s reports of listed companies on behalf of the firm without first attaining the… Continue reading Audit regulator fines audit firm of chartered accountants

Published
Categorized as Business Tagged

KOPIA to help in development of agriculture, livestock sector

KOPIA to help in development of agriculture, livestock sector

ISLAMABAD, Sep 24 (APP): Ministry of National Food Security and Research Syed Fakhar Imam on Thursday appreciates the efforts of the Korean mission in Pakistan for establishing Korea Program on International Agriculture (KOPIA) Center at National Agriculture Research Center. While talking to Kwak Sung-Kyu, Ambassador of the Republic of Korea who along with Dr Cho… Continue reading KOPIA to help in development of agriculture, livestock sector

Meeting reviews development progress in Balochistan

ISLAMABAD, Sep 23 (APP): Minister for Planning, Development and Special Initiatives Asad Umar chaired meeting here on Wednesday to discuss the development progress of under developed areas of Balochistan. Secretary, Planning, Development and Special Initiatives Mathar Niaz Rana briefed the forum about the background and vision of the government regarding accelerated development of the less… Continue reading Meeting reviews development progress in Balochistan

ECC approves Rs3.850 bln for salaries to PSM employees, directs for ascertaining exact liabilities

The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved an amount of Rs3850 million for provision of salaries to the employees of Pakistan State Mills (PSM) for the financial year 2020-21, which would be disbursed every month. However, though the ECC agreed in principle that the dues to the retired non-litigant employees should be… Continue reading ECC approves Rs3.850 bln for salaries to PSM employees, directs for ascertaining exact liabilities

Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body told

ISLAMABAD, Sep 21 (APP): The Senate Standing Committee on Planning, Development and Special Initiatives was informed on Monday that Pakistan received US$3.7 billion worth of grants and loans from various countries to support the country’s corona relief efforts. The senate standing committee meeting was held here under the chairmanship of Senator Agha Shahzaib Durrani. The… Continue reading Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body told

AGP recovers Rs5.655 bln in first two months of current fiscal year

ISLAMABAD, Sep 22 (APP): The Office of Auditor General of Pakistan (AGP) has made recoveries of Rs 5.655 billion from various federal and provincial departments during the first two months of the current fiscal year (2020-21). According to the latest data of AGP Office, the recoveries from federal government departments stood at Rs 5.411 billion… Continue reading AGP recovers Rs5.655 bln in first two months of current fiscal year

Published
Categorized as Business

SECP approves disclosure framework under global principles

ISLAMABAD, Sep 22 (APP): Securities and Exchange Commission of Pakistan (SECP) Tuesday approved disclosure framework to provide participants and general public with sufficient information for better understanding of Financial Market Infrastructures (FMIs), regulatory, supervisory, and oversight policies of SECP. The disclosure framework has been prepared in accordance with the Principles for Financial Market Infrastructure (PFMIs)… Continue reading SECP approves disclosure framework under global principles

Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body informed

ISLAMABAD, Sep 21 (APP): The Senate Standing Committee on Plannning, Development and Special Initiatives was informed on Monday that Pakistan received US$3.7 billion worth of grants and loans from various countries to support the country’s corona relief efforts. The senate standing committee meeting was held here under the chairmanship of Senator Agha Shahzaib Durrani. The… Continue reading Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body informed

SBP keeps interest rate unchanged at 7%

KARACHI, Sep 21 (APP): State Bank of Pakistan on Monday decided to keep its policy (interest) rate unchanged at 7 percent till next meeting of its Monetary Policy Committee scheduled after two months. SBP’s MPC in its meeting noted that compared to the time of its last meeting in June 2020, business confidence and the… Continue reading SBP keeps interest rate unchanged at 7%

ADB approves $1 mln grant to build energy efficient centralized air-conditioning systems

ISLAMABAD, Sep 21 (APP): The Asian Development Bank (ADB) has approved 1 million US dollar support to build disease resistant centralized air-conditioning (CAC) systems in developing member countries (DMCs). This will help to improve energy efficiency and mitigate the risks of the coronavirus disease (COVID-19) pandemic and other airborne viruses in public buildings. Studies suggest… Continue reading ADB approves $1 mln grant to build energy efficient centralized air-conditioning systems

Published
Categorized as Business Tagged ,

SBP keeps policy rate unchanged at 7pc

ISLAMABAD, Sept 21: The State Bank of Pakistan (SBP) Monday decided to keep the policy rate unchanged at 7 percent. In a tweet, SBP said, the Monetary Policy Committee of the bank met Monday under the chairmanship of Governor SBP, Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent. “The… Continue reading SBP keeps policy rate unchanged at 7pc

Leather Manufactures exports increase record 8.39%

File Photo

ISLAMABAD, Sep 21 (APP): Leather Manufactures exports during First two months of current fiscal year grew by 8.39 per cent as compared to the exports of the corresponding period of last year. During the period from July-August, Leather Manufactures worth US $ 98,232 thousand were exported as compared to the exports of US $ 90,627… Continue reading Leather Manufactures exports increase record 8.39%

Mobile phone imports increase 87.37 % during July-August 2020

Mobile phone

ISLAMABAD, Sep 21 (APP): The import of mobile phones into the country has witnessed an increase of 87.37 percent during the first two months of ongoing financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported mobile phones worth US $306.383 million during July-August (2020-21) as compared to the imports of… Continue reading Mobile phone imports increase 87.37 % during July-August 2020

A ‘common expo centre’ to be established for 4 cities in Punjab

file photo

ISLAMABAD, Sep 19 (APP): A ‘common expo centre’ will be established for Sialkot, Gujrat, Wazirabad and Gujranwala cities, for which the Punjab government will be approached for the allocation of land. This was agreed in principle by the Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood during an official visit to… Continue reading A ‘common expo centre’ to be established for 4 cities in Punjab

Senator Faisal Javed pays Rs46,127 taxes, FBR clarifies

File Photo

ISLAMABAD, Sep 19 (APP): The Federal Board of Revenue (FBR) Saturday clarified the news appearing in electronic media regarding the tax paid by Senator Faisal Javed after issuance of Tax Directory for Tax Year 2018 by the board. According to press statement issued by the board, Senator Faisal Javed also approached FBR and informed that… Continue reading Senator Faisal Javed pays Rs46,127 taxes, FBR clarifies

Off-grid solutions be explored to provide electricity in Southern Balochistan: Asad

ISLAMABAD, Sep 18 (APP): Minister for Planning, Development and Special Initiatives Asad Umar Friday said localized and off-grid solutions should be explored to provide electricity in remote areas of Southern Balochistan. He expressed these views while chairing a meeting to review the overall energy situation in Balochistan here at his office.  Minister for Energy, Advisor… Continue reading Off-grid solutions be explored to provide electricity in Southern Balochistan: Asad

FBR publishes Tax Directory for year 2018

ISLAMABAD, Sep 18 (APP): The Federal Board of Revenue (FBR) Friday published tax directory for the year 2018, containing detailed information of tax filers including elected representatives of the country. The tax directory was formally launched by Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh and Chairman FBR Muhammad Javed Ghani… Continue reading FBR publishes Tax Directory for year 2018

Hafeez for automation to maintain transparency in tax collection system

ISLAMABAD, Sep 18 (APP): The Advisor to Prime Minster on Finance and Revenue, Dr. Abdul Hafeez Shaikh said Friday that promoting transparency through automation and digitalization in tax collection system of Federal Board of Revenue was a prime agenda of the government. For this purpose, he said, the FBR has made public the tax payers’… Continue reading Hafeez for automation to maintain transparency in tax collection system

APP Services