Category: Business

ISLAMABAD, Mar 20 (APP):Rice exports from the country during last eight months of current financial year increased by 11.09% as compared the exports of the corresponding period of last year. During the period from July-February, 2019-20 about 2,763,171 metric tons of rice worth $1.397 billion exported as against the exports of 2,497,536 metric tons valuing… Continue reading Rice exports increases 11.09%, reaches $1.257 billion in 8 months

ISLAMABAD, Mar 19 (APP):The Japanese government has initiated process of importing skilled manpower from Pakistan in 14 different sectors aimed to providing employment opportunities for Pakistanis labor force, Minister and Deputy Head of Mission, Embassy of Japan in Pakistan Yusuke Shindo told APP. Sharing strategy and action plan with APP here Thursday, he said that… Continue reading Japan initiates for importing skilled manpower from Pakistan

ISLAMABAD, Mar 19 (APP):The export of pharmaceutical goods from the country witness an increase of 7.21 percent during the first eight months of current financial year (2019-20) as compared to the export of corresponding period of last year. The pharmaceutical exports were recorded at US $149.540 million during July-February (2019-20) as against the export of… Continue reading Pharmaceutical goods’ export increase 7.21% in 8 months

ISLAMABAD, Mar 19 (APP):A grand ceremony of handing over of presidency of SAARC Chamber of Commerce and Industry (CCI) to Pakistan from Sri Lanka, which was earlier scheduled to be held in the last week of March in Islamabad has been postponed sine die due to pandemic of coronavirus. The upcoming President of SAARC CCI… Continue reading SAARC CCI ceremony of handing over presidency to Pakistan postponed

ISLAMABAD, Mar 18 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved a Technical Supplementary Grant of Rs 4152 million for Federal Board of Revenue’s (FBR) Pakistan Raises Revenue (PRP) Program. The grand will help meet the PRP’s mandatory and inevitable expenditures for the achievement of Disbursement Linked Indicators (DLIs) and supplement budgetary resources… Continue reading ECC approves Rs 4196 grants for FBR, ICT

ISLAMABAD, Mar 18 (APP):The World Bank (WB) and International Finance Corporation’s (IFC’s) Boards of Directors approved an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for… Continue reading WB increases COVID-19 response to $14 bln to help sustain economies

ISLAMABAD, Mar 18 (APP):The Asian Development Bank (ADB) Wednesday announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic. “This pandemic has become a major global crisis. It requires forceful action at national, regional, and global levels,” said ADB… Continue reading ADB announces $6.5 bln initial response to COVID-19 Pandemic

ISLAMABAD, Mar 18 (APP):The exports from the country, in rupee term, surged by 22.68 percent during the first eight months of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the country during July-January (2019-20) were recorded at Rs. 2,439,949 million against the… Continue reading Exports increase 22.68 pc to Rs. 2,439 bln in eight months

ISLAMABAD, Mar 17 (APP):A delegation of Pakistan Sugar Mills Association (PSMA) headed by Association Chairman Aslam Faruque on Tuesday met with the Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh. During the meeting, the PSMA delegation briefed the adviser on the sugar situation in the country, said a press release… Continue reading PSMA delegation meets Hafeez shaikh

KARACHI, Mar 17 (APP):State Bank of Pakistan on Tuesday announced to reduce its policy (discount) rate by 75 basis points to 12.50 percent from 13.25 percent, along with two other steps to deal with the situation created after spread of COVID-19. Against the tradition of holding press to announce monetary policy statement, SBP Governor Dr.… Continue reading SBP cuts policy rate by 75 basis points, announces 3 measures on economic, health challenges by COVID-19

ISLAMABAD, Mar 17 (APP):The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines on cybersecurity framework for the Insurance Sector, providing principles to make the information technology systems of insurance companies and their partners secure and resilient. A press release issued by SECP on Tuesday said that Cyber risk presents an evolving challenge for… Continue reading SECP Introduces Cyber Security Framework for Insurance Sector

ISLAMABAD, Mar 17 (APP):The tea imports into the country decreased by 20.78 percent during the first seven months of the current fiscal year against the imports of the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The tea imports into the country were recorded at $275.138 million during July-January (2019-20) against the… Continue reading Tea imports increase 20.78 percent

ISLAMABAD, Mar 16 (APP):Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Monday chaired a meeting to review the progress being made by the major sectors of the economy.Ministers for Energy and Economic Affairs Division, Chairperson Federal Board of Revenue (FBR) and Secretaries of Finance Division, Ministry of National Food Security… Continue reading Progress of major economic sectors reviewed

ISLAMABAD, Mar 15 (APP):Philanthropist and social worker, Aamer A. Sarfaraz established the first ‘Therapeutic Horsemanship Program’ in Pakistan through Equine-Assisted Activities and Therapy (EAAT) designed to serve special children in order enhance the quality and productivity of their lives. Under this program “We have started ‘Equine-Assisted Activities and Therapy (EAAT), which provides horsemanship experience to… Continue reading Philanthropist establishes ‘EAAT Centre’ for special children in Islamabad

ISLAMABAD, Mar 13 (APP):Government to provide Rs 400 million subsidy to framers on the import of PB Rope from the current sowing season. The amount is being allocated to enhance per-acre cotton output across the crop sowing areas of the country by minimizing the pest attacks particularly the Pink Boll worm. “The out put of… Continue reading Govt providing Rs400 mln subsidy on PB Rope import to check cotton loss: Commissioner

ISLAMABAD, Mar 13 (APP):The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs150 billion by March,10 of fiscal year 2019-20. The CDNS has set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 324 billion for the previous year’s 2018-19 to enhance savings and promoting saving… Continue reading CDNS achieves collection target of Rs 150 billion by March ,10

ISLAMABAD, Mar 13 (APP):The Securities and Exchange Commission of Pakistan (SECP) through its investor awareness and protection programme has been interacting with audiences to educate them on risk and scope of capital market, insurance and non-banking financial sectors. During these interaction sessions SECP would create awareness how to protect the public from financial frauds and… Continue reading SECP conducts 110 awareness seminars on capital market, insurance, non-banking financial sectors in 2018-19

ISLAMABAD, Mar 12 (APP):Pakistan earned $652.720 million by providing different information technology (IT) services in various countries during the first six months of current financial year 2019-20. This shows growth of 21.79 percent as compared to $535.940 million earned through provision of services during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics… Continue reading Pakistan’s earns $ 652 million from IT services’ export

ISLAMABAD, Mar 12 (APP):President Islamabad Chamber of Commerce and Industry (ICCI), Muhammad Ahmed Waheed Thursday expressed the hope that upcoming budget for the fiscal year (2020-21) would be business-friendly, aiming at promoting conducive business and investment environment. In an interview with APP, the ICCI President said that low cost of inputs and compatible energy prices… Continue reading ICCI expects friendly budget, measures to enhance market competitiveness