ISLAMABAD, Dec 3 (APP): The leather manufactures exports from the country witnessed an increase of 5.25 percent during the first four months of current financial year (2020-21) as compared to the exports of corresponding period of last year. Pakistan exported leather worth US $190.856 million during July-October (2020-21) against the exports of $181.338 million during… Continue reading Leather exports increases 5.25% in 4 months
Category: Business
Business news from Pakistan
CDWP approves 4 projects worth Rs 16.02 bn, recommends one project worth Rs 37.91 bn to ECNEC
ISLAMABAD, Dec 02 (APP): The Central Development Working Party (CDWP) Wednesday approved four projects worth Rs 16.02 billion and recommended one project worth Rs 37.91 billion to Executive Committee of National Economic Council (ECNEC) for consideration. The CDWP also agreed on the COVID-19 Responsive and Other Natural Calamities Control Program worth Rs 70 billion. The… Continue reading CDWP approves 4 projects worth Rs 16.02 bn, recommends one project worth Rs 37.91 bn to ECNEC
ECC removes 5% duty on cotton yarn imports to enhance value-added exports
ISLAMABAD, Dec 02 (APP): The Economic Coordination Committee (ECC) of the Cabinet Wednesday abolished 5 percent regulatory duty on import of cotton yarn till June 30, 2021 to enhance value-added exports from the country. The approval was given after detailed discussion on the proposal of Ministry of Commerce, according to press statement issued by the… Continue reading ECC removes 5% duty on cotton yarn imports to enhance value-added exports
Exports increases to $ 2.156 billion in Nov, 2020: Dawood
ISLAMABAD, Dec 01 (APP): The Advisor to Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood on Tuesday said the country’s exports have increased to $ 2.156 billion in November, 2020 as compared to $ 2.011 billion in November 2019. “Our export has once again crossed the $ 2 billion mark per month,”… Continue reading Exports increases to $ 2.156 billion in Nov, 2020: Dawood
FBR surpasses target, collects Rs.1688 bln revenues in 5 months
ISLAMABAD, Dec 01 (APP): The Federal Board of Revenue (FBR) has surpassed the revenue collection target with collection of Rs1688 billion net revenues during the first five months of the current fiscal year against the target of Rs1669 billion set for the period, a surplus of 1.3 percent. The revenue collection during July-November (2020-21) also… Continue reading FBR surpasses target, collects Rs.1688 bln revenues in 5 months
PTI govt fully implementing manifesto of ensuring sustainable growth: Asad Umar
ISLAMABAD, Dec 01 (APP): Referring to All Pakistan Textile Mills Association’s statement about changes in export based industry, the Minister for Planning, Development and Special Initiatives Asad Umar Tuesday said the Pakistan Tehrik-i-Insaaf (PTI) government’s manifesto of sustainable economic growth was being fully implemented now. In a tweet, the APTMA had said that the whole… Continue reading PTI govt fully implementing manifesto of ensuring sustainable growth: Asad Umar
ADB partners with Punjab govt to support health care PPPs
ISLAMABAD, Dec 01 (APP): The Asian Development Bank (ADB) and the Government of Punjab have signed a Memorandum of Understanding (MOU) to jointly promote public-private partnership (PPP) projects in Punjab’s healthcare sector through ADB’s transaction advisory services. The MOU was signed in Lahore by the Head of Public Private Partnership Cell of Planning and Development… Continue reading ADB partners with Punjab govt to support health care PPPs
Eastbay Expressway to be completed next year
ISLAMABAD, Nov 30 (APP): The Joint Working Group (JWG) on Gwadar under China Pakistan Economic Corridor (CPEC) was informed here on Monday that the Eastbay Expressway would be completed in 2021 and all pending issues had already been resolved on priority. The Expressway will connect the port with the 2nd Phase of the Free Trade… Continue reading Eastbay Expressway to be completed next year
PM approves formation of a NEDP under STPF -2020-25
ISLAMABAD, Nov 30 (APP): The Adviser to Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood on Monday said that Prime Minister Imran Khan has approved the formation of a National Export Development Board (NEDB) under the Strategic Trade Policy Framework (STPF) 2020-25. The National Export Development Board will hold its meetings monthly… Continue reading PM approves formation of a NEDP under STPF -2020-25
Gold price decreases Rs.1150 to Rs.108,850 per tola
ISLAMABAD, Nov 30 (APP): The price of 24 karat gold decreased by Rs1150 on Monday and was traded at 108,850 against its sale at Rs110,000 the previous day. Likewise, the price of 10 grams gold also decreased by Rs986 and was traded at Rs93,321 against Rs94,307 while gram 22 karat gold was sold at Rs85,544… Continue reading Gold price decreases Rs.1150 to Rs.108,850 per tola
Rs299.7 billion released for social sector uplift projects
ISLAMABAD, Nov 30 (APP): The Federal Government has released Rs299.7 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. The released funds include Rs198.344 billion for federal ministries, Rs76.46 billion for corporations, Rs24.15 billion for special areas, and Rs750 million for the Earthquake Reconstruction… Continue reading Rs299.7 billion released for social sector uplift projects
Business community hails PM decision allowing industry continue working
ISLAMABAD, Nov 30 (APP): United Business Group ( UBG) the largest alliance of chambers and trade associations in the country,Monday hailed Prime Minister Imran Khan’s prudent decision allowing industry continue working even in the wake of Covid 19 which will ultimately have salutary impact on national economy. Talking to APP here, UBG Chairman and veteran… Continue reading Business community hails PM decision allowing industry continue working
Eight petroleum sector projects get Rs1329.928 mln funds in five months
ISLAMABAD, Nov 30 (APP): The government has released funds amounting to Rs1329.928 million, during the first five months of the current fiscal year, to execute eight petroleum projects under the Public Sector Development Programme (PSDP 2020-21) against the total allocation of Rs 1,786.160 million. According to the official data, the government has authorized/disbursed an amount… Continue reading Eight petroleum sector projects get Rs1329.928 mln funds in five months
Pakistan continues to grow positively: Hammad
ISLAMABAD, Nov 30 (APP): Federal Minister for Industries and Production, Hammad Azhar Monday said that country’s economy continued to grow despite deep contraction of global economy. In a tweet, the minister said that this economic growth was not at the expense of economic stability. Pmln's artificial growth at the expense of driving the economy to… Continue reading Pakistan continues to grow positively: Hammad
Italian envoy stresses to enhance Pak-Italy bilateral trade
ISLAMABAD, Nov 29 (APP): The Italian Ambassador to Pakistan, Andreas Ferrarese on Sunday stressed to enhance the bilateral trade between Pakistan and Italy to its full potential from current $1.7 billion to $5 billion annually. Both sides interested to achieve the trade balance as currently Pakistan has a trade surplus with Italy in FY 2019-20,… Continue reading Italian envoy stresses to enhance Pak-Italy bilateral trade
Edible prices being monitored through ‘Qeemat’ app, says minister
LAHORE, Nov 28 (APP): The Punjab government has developed an android mobile phone application ‘Qeemat’ for the consumers in order to control and monitor quality and prices of food items in Model and Sahulat Bazaars. Talking to APP here Saturday, Provincial Industries and Trade Minister Mian Aslam Iqbal said that through this application, people are… Continue reading Edible prices being monitored through ‘Qeemat’ app, says minister
Industries Minister rolls out PSM restructuring plan
ISLAMABAD, Nov 28 (APP): Federal Minister for Industries and Production Hammad Azhar Saturday rolled out restructuring plan for Pakistan Steel Mills (PSM), which would be run through private sector management to make it profit-earning organization. Addressing a press conference here, the minister said the government had to take hard decisions to check the losses inflicted… Continue reading Industries Minister rolls out PSM restructuring plan
Pakistan simplifies visa regime to attract foreign tourists, Zulfi tells global forum
ISLAMABAD, Nov 27 (APP): National Tourism Coordination Board (NTCB) Chairman Syed Zulfikar Abbas Bukhari Friday told the global tourism forum that the Pakistan Tehreek-e-Insaf government had relaxed visa policies to facilitate the tourists from multiple countries to visit picturesque attractions, located across the country. “The first thing we did in first three months of our… Continue reading Pakistan simplifies visa regime to attract foreign tourists, Zulfi tells global forum
Prudent policies led to positive economic growth in Q1
ISLAMABAD, Nov 27 (APP):Owing to the prudent policies introduced by the government, the country’s economy witnessed positive signs during first quarter of current Fiscal Year (2020-21) as indicated by several important economic indicators. The remittances grew by 26.5% while foreign direct investment (FDI) increased by 9.1%, tax collection went up by 4.5% and the primary… Continue reading Prudent policies led to positive economic growth in Q1
Kitchen items’ prices ease 0.92 pc
ISLAMABAD, Nov 27 (APP):Sensitive Price Indicator (SPI) based weekly inflation for the week ended on November 26, for the combined consumption group, witnessed decrease of 0.92 percent as compared to the previous week. SPI for the week under review in the above mentioned group was recorded at 141.74 points against 143.05 points registered in the… Continue reading Kitchen items’ prices ease 0.92 pc
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