Category: Business

ISLAMABAD, Jul 01 (APP):The Central Directorate of National Savings (CDNS) has achieved a collection of net annual target of Rs 377 billion in the current fiscal year by June 30. CDNS has set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 350 billion for the previous year’s 2018-19 to… Continue reading CDNS achieves its annual target of Rs 377 billion by June 30

ISLAMABAD, Jul 01 (APP):The Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday uderlined for enhancing economic and trade integration with Central Asian Repulics ( CARs) and neighboring Afghanistan to boosting the regional connectivity. The advisor said this in called on meeting to Chief Executive Officer of U.S International Development… Continue reading Razak emphasis for economic integration with CARs, Afghanistan

ISLAMABAD, Jun 30 (APP):Minister for Industries and Production Hamamd Azhar on Tuesday said that 90 percent of total supplementary demands for grants for fiscal year 2020-21 were linked to COVID-19 related expenditures. Responding to opposition members’ comments on supplementary grants in the National Assembly here, the minister informed the House that the government reduced the… Continue reading 90% supplementary grants linked to COVID-19: Hammad Azhar

ISLAMABAD, Jun 30 (APP):Iftikhar Ali Malik on Tuesday assumed the office of President of SAARC Chamber of Commerce and Industry (SAARC CCI) for a two-year term. Out-going President Ruwan Editisinghe handed over the charge at the two-day joint session of executive committee and general assembly commenced on Tuesday through video link. Vice President (VP) Afghanistan… Continue reading Iftikhar Ali Malik assumes charge as SAARC CCI President

ISLAMABAD, Jun 29 (APP):The Ministry of Finance Monday refuted news reports appearing in a section of the press, claiming that the first audit report of the present government reveals irregularities and corruption amounting to Rs.270 billion by 40 government departments and ministries during FY 2018-19. Describing these reports categorically as baseless, misinformed and erroneous, the… Continue reading Finance Division rebuts news reports on Audit Report 2019-20

ISLAMABAD, Jun 29 (APP):The Central Directorate of National Savings (CDNS) has achieved a collection net target of Rs 375 billion in the current fiscal year by June 25. CDNS has set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 350 billion for the previous year’s 2018-19 to enhance savings… Continue reading National Savings achieved target of Rs 375 billion by June 25

ISLAMABAD, Jun 29 (APP):Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood Monday said Pakistan Regulatory Modernization Initiative (PRMI) was a larger scale exercise for reforms being undertaken by the government in order to ensure ease of doing business in a more effective manner. He said this while chairing the third meeting… Continue reading PRMI reforms to ensure ease of doing business in more effective manner: Razak

ISLAMABAD, Jun 28 (APP):Minister for Industries and Production Hammad Azher Sunday said that government increased petroleum prices due to the increase in international market. Addressing a press conference here he said that government was selling petrol at the lowest price in South Asia. Hammad said “we can not understand that why opposition was criticising the… Continue reading Govt increases petroleum prices due to increase in international market: Hammad

ISLAMABAD, June 28 (APP):Oil and Gas Regulatory Authority (OGRA) has issued around 63 licences of different nature for promotion of Liquefied Petroleum Gas (LPG) industry in the country during first nine months of the current fiscal year. During the period from July to March, the authority issued one operational licence of LPG storage terminal, three… Continue reading OGRA issues 63 LPG sector licences in nine months of FY 2019-20

ISLAMABAD, Jun 27 (APP):President SAARC Chamber of Commerce and Industry Ruwan Edirisinghe Saturday convened a high level two days joint session of 79th Executive Committee and 23rd General Assembly on June 30. Acting Secretary General SAARC Chamber Zulfiqar Ali Butt told newsmen here Ruwan Edirisinghe would chair first day session through video link from Sri… Continue reading 23rd General Assembly of SAARC CCI on June 30

ISLAMABAD, Jun 26 (APP):Advisor to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh said Friday that the government was taking several institutional steps to further speed up implementation of the China Pakistan Economic Corridor (CPEC) projects. He was talking to the Chinese Ambassador to Pakistan, Yao Jing, who called on the advisor here,… Continue reading Institutional measures taken to speed up CPEC Projects: Hafeez Shaikh

ISLAMABAD, Jun 26 (APP):Advisor to the Prime Minister on Commerce, Abdul Razak Dawood here on Friday said that Pakistan is rapidly diversifying its exports into high quality and globally competitive engineering products. He was chairing an internal review meeting to discuss the finalization of Strategic Trade Policy Framework (STPF), at Commerce Division, said a press… Continue reading Pakistan diversify its exports into globally competitive engineering products: Razak Dawood

ISLAMABAD, Jun 26 (APP):Minister for Industries and Production Hammad Azhar Friday said number spinning in macroeconomic indicators in a bid to show misleading performance was the hallmark of Pakistan Muslim League-Nawaz (PML-N) government. Addressing in the National Assembly, he said the PML-N leaders were applying the same formula to malign the Pakistan Tehreek-e-Insaaf (PTI) government… Continue reading Number spinning in macroeconomic indicators was hallmark of PML-N govt: Hammad

ISLAMABAD, Jun 25 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved revised standard security package documents such as implementation agreements (GOPIA), GOP guarantee, power purchase agreement (PPA), water use agreement (WUA) under Policy for Power Generation Projects 2002 for the hydropower projects in the private sector. The ECC chaired by Adviser to… Continue reading ECC okays standard security package documents for private hydropower projects

ISLAMABAD, Jun 25 (APP):Minister for Industries and Production Hammad Azhar on Thursday said the government was confident of achieving the Federal Board Revenue (FBR) tax collection target of Rs 4.96 trillion set in the budget 2020-21. While concluding discussion on the Finance Bill 2020-21 in the National Assembly here, the minister said those who were… Continue reading Govt confident of achieving FBR tax collection tartget: Hammad Azhar

ISLAMABAD, Jun 24 (APP):Cabinet Committee on the State-owned Enterprises (CCoSOEs) Wednesday discussed the governance reforms on the state-owned enterprises (SOEs) and reconstitution of the board of directors of Sarmaya-i-Pakistan Limited. The CCoSOEs meeting was chaired by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, said a finance ministry press statement.… Continue reading Cabinet body mulls ways to reform bad-performing SOEs

ISLAMABAD, Jun 24 (APP):Minister for Privatisation Mohammedmian Soomro on Wednesday directed the departments concerned that all legal and administrative issues related to the privatization of public sector enterprises which were on active list of privatization must be addressed and be completed without further ado. He further added that after the lift of travel ban by… Continue reading Privatisation Minister for addressing legal, administrative issues of PSEs

ISLAMABAD, Jun 24 (APP):Pakistan earned US $ 688 million by providing different transport services in various countries during the ten months of ongoing fiscal year (2019-20) as compared to the corresponding period last year. This shows decrease of 5.66 percent as compared to US $ 729.280 million earned through provision of services during the corresponding… Continue reading Pakistan earns US $ 688 million by exporting transport services

ISLAMABAD, Jun 22 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Monday gave go ahead to the private sector to import wheat to control prices of wheat and flour in the market and ensure availability of these commodities at reasonable price across the country throughout the year. The ECC meeting, chaired by Adviser to… Continue reading Private sector given green signal to import wheat, ECC to monitor imports, price hike

ISLAMABAD, Jun 22 (APP):Minister for Planning Development and Special Initiatives has said that the federal government fully stands by its commitments relating to the Greater Karachi Water Supply Project (K-IV). Responding to Chief Minister Sindh’s statement regarding ‘wrapping up’ of the project, he said the federal government had been regularly following up with the Government… Continue reading Federal government stands by its commitment relating to K-IV water project: Asad Umar