Category: Business

ISLAMABAD, Jul 23 (APP):Rice exports from the country during last fiscal year (2019-20) registered about 5.12 percent growth as compared the exports of the corresponding period of last year. During the period from July-June, 2019-20, about 4,166,123 metric tons of rice worth $2.175 billion exported, according the data of Pakistan Bureau of Statistics. The rice… Continue reading Rice worth $2.175 billion exported in last fiscal year

KARACHI, Jul 22 (APP):The State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies. In light of the feedback received from stakeholders, the size of the project established by vendor/ supplier/ energy… Continue reading SBP enhances scope of renewable energy refinance scheme

ISLAMABAD, Jul 22 (APP):The exchange rate of Pakistani rupee strengthened by 27 paisas against US dollar in the interbank on Wednesday to close at Rs167.63 as compared to the last closing of Rs167.90. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs167.6 and… Continue reading Rupee gains 27 paisas against US dollar

ISLAMABAD, Jul 21 (APP):Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday briefed the ministry officials on the progress on implementation of duty drawback rates recalculation exercise. The advisor chaired a meeting on duty drawbacks at Ministry of Commerce on Tuesday to discuss the progress on various initiatives by the… Continue reading Razak briefs on progress, implementation of duty drawback rates

ISLAMABAD, July 21 (APP):Oil and Gas Regulatory Authority (OGRA) on Tuesday issued its Annual Report 2018-19, showing performance and the measures taken to safeguard public interest through effective regulation in the midstream and downstream petroleum sector. According to the report, the authority, during the period under review, conducted inspections at 447 fuel outlets and issued… Continue reading OGRA issues performance report for year 2018-19

Hong Kong, July 21 (AFP/APP):Hong Kong opened more than one percent higher Tuesday on hopes for a virus vaccine after promising results in early tests. The Hang Seng Index climbed 1.47 percent, or 369.07 points, to 25,427.06. The benchmark Shanghai Composite Index gained 0.49 percent, or 16.40 points, to 3,330.55, while the Shenzhen Composite Index… Continue reading Hong Kong stocks rally out of blocks

ISLAMABAD, Jul 20 (APP):The Senate Special Committee on the project of China Pakistan Economic Corridor (CPEC) on Monday expressed satisfaction over the progress of the mega project saying that it was moving ahead in the right direction. Chairperson of the committee Senator Sherry Rehman said that with the development of this mega project, dream of… Continue reading Senate body expresses satisfaction over progress of CPEC

Hong Kong, July 20 (AFP/APP):Hong Kong stocks finished Monday morning’s session with gains, reversing an early sell-off, though investors remain cautious as the city sees a spike in new virus infections. The Hang Seng Index added 0.35 percent, or 88.46 points, to 25,177.63.

ISLAMABAD, Jul 19 (APP):Japan has desired a modernized, economically developed and strong Pakistan saying that in order to achieve this, the country must have to follow policy of export led growth through industrial and technological growth. “Japan has set an example for the rest of the world to emerge as a top world economy by… Continue reading Japan desires modernized, economically strong Pakistan

ISLAMABAD, Jul 19 (APP):Special Assistant to Prime Minister on Information and Broadcasting Lt. Gen (retd) Asim Saleem Bajwa on Sunday said that bidding process for a part of China Pakistan Economic Corridor (CPEC) Western Route- Zhob-Kuchlak (Quetta) road was underway. In his tweet, he said the project was direly needed for the Balochistan people and… Continue reading Bidding process for CPEC Western route Zhob-Kuchlak underway: Asim Bajwa

ISLAMABAD, Jul 17 (APP):The National Price Monitoring Committee (NPMC) Friday advised the concerned authorities and the provincial governments to ensure smooth supply of essential food items at affordable prices and remove price disparity. The committee chaired by Additional Finance Secretary (Exp) while discussing the price trend of essential food items also directed the Competition Commission… Continue reading NPMC for removing price disparity, checking cartelization, anti-market practices

ISLAMABAD, Jul 16 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that the Executive Committee of National Economic Council (ECNEC) had approved four projects worth of Rs 289 billion. In his tweets, the minister informed that the projects that were approved in the meeting of ECNEC held here today include Sukkur-Hyderabad… Continue reading ECNEC approves four projects of Rs 289 bln: Asad Umar

ISLAMABAD, Jul 16 (APP):Minister for Planning, Development and Special Initiative Asad Umar on Thursday said that number of new cases of corona virus in the country had been declined by 38.74 percent during first 15 days of current months when compared to same period of last month. In his tweets, the minister informed that from… Continue reading Average daily Corona cases down by 39%: Aasd Umar

ISLAMABAD, Jul 16 (APP):The price of 24 karat gold increased by Rs50 on Thursday and was traded at Rs109,350 as against its trading at Rs109,350 the previous day, Karachi Sarafa Association reported. Likewise the price of 10 gram gold also witnessed decrease of Rs43 and was trade at Rs93,750 against its sale at Rs93,707. The… Continue reading Gold price increases Rs50 to Rs109,350 per tola

ISLAMABAD, Jul 15 (APP):The Pakistan Stock Exchange (PSX) on Wednesday witnessed bearish trend as KSE 100 index closed at 36,679.03 points as compared to 36,745.22 points on the last working day, with negative change of 66.19 points (0.18%). A total 328,394,401 shares were traded compared to the trade 466,251,316 shares during the previous day, whereas… Continue reading PSX loses 66 points to close at 36,679 points