Ready to work for welfare, development of masses: Asad Umer

KARACHI, Feb 09 (APP):Federal Minister for Planning and Development Asad Umer on Sunday said they are ready to work with all stakeholders, irrespective of political affiliations,on the projects of development and welfare to serve the countrymen. He said this while addressing the inaugural ceremony of Shaheed Malik Siddiq Awan Welfare Trust Hospital – Lyari here… Continue reading Ready to work for welfare, development of masses: Asad Umer

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FBR organizes event to create awareness about PoS mechanism

ISLAMABAD, Feb 08 (APP):The Federal Board of Revenue (FBR) on Saturday organized an event at Packages Mall,Lahore to create awareness among people about the Point of Sale (PoS), the linked invoicing system of the board. The objective of this event was to apprise the people and the retailers about the installation and utility of PoS… Continue reading FBR organizes event to create awareness about PoS mechanism

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Philippine Queen invites business projects for human support

KARACHI, Feb 08 (APP):Philippine Queen of Power-Mandano, Sultana Bae A. Gaus Maria Amor on Saturday invited Pakistan’s business community to come up with business projects as joint ventures with Philippine investors and that these should be aimed at supporting humanity instead of making big profits. The Queen is on a three-day visit to Karachi to… Continue reading Philippine Queen invites business projects for human support

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Govt to ensure 100% expenditures of development funds under PSDP 2019-20: Asad Umar

ISLAMABAD, Feb 7 (APP):Minister for Planning, Development and Special Initiative Asad Umar Friday said that under special directives of Prime Minister Imran Khan, the federal government was fully committed to meet the target of expenditures of development funds under Public Sector Development Programme (PSDP) 2019-20. “The target of spending Rs 701 billion on the development… Continue reading Govt to ensure 100% expenditures of development funds under PSDP 2019-20: Asad Umar

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POL products’ consumption stands at 20.03 MT in 2018-19

Govt saves Rs 5.2 bln by detecting 272,149 gas theft cases

ISLAMABAD, Feb 7 (APP):The consumption of petroleum products stood at 20.03 Million Ton (MT) during the last fiscal year, out of which the country produced around 2.80 MT indigenously. “The contribution of local refineries is almost 63 percent of the total consumption. Per barrel price of petrol produced is about US$ 72.50,” according to an… Continue reading POL products’ consumption stands at 20.03 MT in 2018-19

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Coronavirus will not stop economic cooperation with Pakistan: Chinese Envoy

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ISLAMABAD, Feb 06 (APP):Chinese Ambassador to Pakistan, Yao Jing Thursday said that the Coronavirus catastrophe would not stop the economic cooperation between China and Pakistan. “We are thankful to the Pakistani government and people for showing solidarity in our difficult time which provide us strength and more confidence”, he said while addressing a special Seminar… Continue reading Coronavirus will not stop economic cooperation with Pakistan: Chinese Envoy

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CPEC phase II envisions generating mass employment: Chairman CPEC Authority

ISLAMABAD, Feb 6 (APP):Chairman CPEC Authority General (Retd) Asim Saleem Bajwa has said that the second phase of China Pakistan Economic Corridor (CPEC) encompassed multi-sector projects that would generate mass level employment opportunities in the country. “Time to gear up for Phase-2 which is envisioned to generate mass employment through more projects of mass industrialisation,… Continue reading CPEC phase II envisions generating mass employment: Chairman CPEC Authority

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SAARC countries especially Pakistan can fill gaps for UK in post-Brexit,: Iftikhar Malik

ISLAMABAD, Feb 06 (APP):SAARC Chambers of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik Thursday said Brexit could provide an opportunity for SAARC countries especially for Pakistan in trade and overseas employment besides boosting its trade with United Kingdom through concessional tariffs on Pakistani goods. He expressed these views while talking to a… Continue reading SAARC countries especially Pakistan can fill gaps for UK in post-Brexit,: Iftikhar Malik

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Benami Transactions (Prohibition) Rules, 2019 issued in accordance with law: FBR

ISLAMABAD, Feb 6 (APP):The Federal Board of Revenue (FBR) issued a rebuttal on a news item published in a section of press about the issuance of Benami Transactions (Prohibition) Rules, 2019. The board, in a statement issued here, explained that Benami Transactions (Prohibition) Rules, 2019 under Benami Transactions (Prohibition), Act, 2017 were notified through SRO.… Continue reading Benami Transactions (Prohibition) Rules, 2019 issued in accordance with law: FBR

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PFC to chalk out roadmap for furniture sector to boost exports

ISLAMABAD, Feb 06 (APP):Pakistan Furniture Council (PFC) would thrash out issues facing the furniture industry besides developing a clear and comprehensive policy and frame an action plan to increase the export and boost the value-added segment of the furniture sector after deliberations with its stakeholders. PFC Chairman Mian Kashif Ashfaq was a chief guest Thursday… Continue reading PFC to chalk out roadmap for furniture sector to boost exports

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Benami Transactions (Prohibition) Rules, 2019 issued in accordance with law: FBR

ISLAMABAD, Feb 05 (APP):The Federal Board of Revenue (FBR) on Wednesday issued a rebuttal on a news item published by Daily “The News” on February 5, 2020 about the issuance of Benami Transactions (Prohibition) Rules, 2019. The board, in a statement issued here, explained that Benami Transactions (Prohibition) Rules, 2019 under Benami Transactions (Prohibition), Act,… Continue reading Benami Transactions (Prohibition) Rules, 2019 issued in accordance with law: FBR

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Federal govt releases Rs 429.17 bln for development projects

ISLAMABAD, Feb 05 (APP):The Federal government has so far authorized release of Rs 429.17 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion. Under its development programme, the government has released an amount of Rs 190.87 billion… Continue reading Federal govt releases Rs 429.17 bln for development projects

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Pak-Indonesia trade increasing, need more exploration: Indonesian CG

KARACHI, Feb 04 (APP):Consul General of Indonesia here, Totok Prianamto said the relations between Indonesia and Pakistan in different sectors were becoming stronger with the passage of time and bilateral trade was also increasing year-on-year. The top import items from Pakistan include rice, chemical, raw cotton, wheat, paper, fruits, garments, leather, plastic materials, cotton yarn,… Continue reading Pak-Indonesia trade increasing, need more exploration: Indonesian CG

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ECC approves Rs700 million as initial paid up capital to register Postal Life Insurance Company

ISLAMABAD, Feb 4 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved an amount of Rs700 million as initial paid up capital in order to register Postal Life Insurance as Public Limited Company. The amount shall be allocated by the Finance Division and transferred to the proposed Postal Life Insurance Company. After the… Continue reading ECC approves Rs700 million as initial paid up capital to register Postal Life Insurance Company

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British delegation commends Pakistan’s improved ease of doing business environment

ISLAMABAD, Feb 4 (APP):A British trade delegation Tuesday called on Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar and acknowledged Pakistan’s improved ease of doing business environment. The delegation, headed by Her Majesty’s Trade Commissioner Simon Penny, was consisted of Deputy HC Mike Nithavrianakis and Director for Trade at the British High… Continue reading British delegation commends Pakistan’s improved ease of doing business environment

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Rs 327.579 mln released for Aviation Division projects in seven months

ISLAMABAD, Feb 4 (APP):The government has released funds amounting to Rs 327.579 million during first seven months of the current fiscal year to execute 16 Aviation Division projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs1,266.505 million. According to the official data, by January 31 an amount of Rs… Continue reading Rs 327.579 mln released for Aviation Division projects in seven months

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Inflation to start receding soon: Hafeez Shaikh

ISLAMABAD, Feb 3 (APP):Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh Monday said that inflation rate in the country would start receding soon which would gradually come down to comfortable level. The advisor said the federal government had taken a number of initiatives to bring down prices of various commodities. “The nation will… Continue reading Inflation to start receding soon: Hafeez Shaikh

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Pakistan-IMF discussion starts to review $6 bn programme

ISLAMABAD, Feb 3 (APP):The International Monetary Fund (IMF) staff mission has started discussion here with the government authorities to review Pakistan’s performance under its US $6 billion Extended Fund Facility (EFF). Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh informed media persons here outside his office on Monday. The team would… Continue reading Pakistan-IMF discussion starts to review $6 bn programme

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Petroleum SAPM for harnessing clean bio-fuel potential

ISLAMABAD, Feb 3 (APP):Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar Monday said Pakistan was an agrarian country and needed to focus on producing clean bio fuels aimed at meeting its energy requirements indigenously. “The bio fuel is a natural advantage that we have been blessed with by Allah Almighty but we… Continue reading Petroleum SAPM for harnessing clean bio-fuel potential

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