Category: Business

ISLAMABAD, May 06 (APP):Pakistan earned US $ 526.710 million by providing different transport services in various countries during the first eight months of current financial year (2019-20) as compared to the corresponding period of last year. This shows decrease of 6.48 percent as compared to US $563.210 million earned through provision of services during the… Continue reading Pakistan earns $ 526 million by exporting transport services

ISLAMABAD, May 06 (APP):The government has so far released Rs 85.9 billion for development projects of National Highway Authority (NHA) out of total allocation of Rs 95.67 billion under its Public Sector Development Programme (PSDP) 2019-20. According to latest data released by the Planning Commission, an amount of Rs 18.5 billion has been released for… Continue reading Govt releases Rs 85.9 bn for development projects of NHA

ISLAMABAD, May 05 (APP):Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said the Ministry of Commerce was aggressively working on changes in the tariff structure for the upcoming budget. The tariff structure changes were aimed at facilitating local production thereby moving towards local manufacturing under the ‘Make in Pakistan… Continue reading Govt working on changes in tariff structure for upcoming budget: Dawood

ISLAMABAD, May 05 (APP):The World Bank on Tuesday said that Pakistan’s cash transfers emergency programme would be instrumental in mitigating the impact of the economy due to novel corona virus (COVID-19). “Cash transfers will be instrumental in mitigating the impact of the upcoming recession by ensuring that consumption by the poorest and vulnerable contributes to… Continue reading Pakistan’s cash programme, instrumental in mitigating COVID-19 impact: WB

ISLAMABAD, May 5 (APP):The Federal government has so far authorized to release Rs 7595.950 million for various ongoing and new projects of Finance Division under its Public Sector Development Programme (PSDP) 2019-20, as against its total allocation of Rs 9930.749 million. Out of the total, all allocated amount of Rs 1000 million have been authorized… Continue reading Govt releases Rs7.5 bln for Finance Division projects

ISLAMABAD, May 04 (APP):The federal government has so far authorized release of Rs 533.33 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 230.3 billion… Continue reading Gov’t releases Rs 533.33 bln for development projects so far

ISLAMABAD, May 03 (APP):The Ministry of National Health Services on Sunday asked the customers, retailers and traders to strictly follow SOPs related with the business activities to assure safe and healthful working conditions to reduce the impact of COVID-19 spread. According to an official of Ministry of National Health Services, the government has allowed necessary… Continue reading Consumers, traders asked to follow business SOPs against COVID-19

ISLAMABAD, May 02 (APP):Advisor to the Prime Minister on Commerce, Abdul Razak Dawood said that the country’s exports target of US $ 25 billion could not be achieved due to the ongoing situation of lockdown in the country and it could decline to more or less to US $ 22 billion. The exports decreased in… Continue reading Exports value to remain at US $ 22 bn in FY 2019-20: Dawood

ISLAMABAD, May 01 (APP):Federal Minister for Industries and Production Hammad Azhar Friday said that government under the leadership of Prime Minister Imran khan was making all out efforts for revival of the economy as it is severely affected by coronavirus pandemic and is chalking out a comprehensive strategy for restoring activities of Special Economic Zones… Continue reading Govt making all out efforts to minimize pandemic impact on economy

ISLAMABAD, Apr 30 (APP):Federal Minister for Economic Affairs Makhdoom Khusro Bukhtiar on Thursday appreciated Chinese assistance to Pakistan for fighting the coronavirus pandemic. He was talking to Chiense Ambassador Yao Jing, who called on him here at his office. The Secretary Economic Affairs also attended the meeting, a ministry press release said. The minister said… Continue reading Khusro hails Chinese assistance for combating COVID-19 pandemic

ISLAMABAD, Apr 30 (APP):Advisor to the Prime Minister on Commerce, Abdul Razak Dawood has said that the country’s exports target of US$25 billion could not be achieved due to the ongoing situation of lockdown in the country and it could decline to more or less to $ 22 billion. The exports decreased in April by… Continue reading Exports value to remain at $22 bn in FY 2019-20: Dawood

ISLAMABAD, Apr 30 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Thursday emphasized upon the need for better coordination among the stakeholders to arrive at consensus on macro-economic targets and the required policy actions to achieve them. The adviser was chairing a meeting of the Monetary and Fiscal Policies Co-ordination… Continue reading Hafeez Shaikh for improving coordination to achieve macro-economic targets

ISLAMABAD, Apr 29 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Wednesday directed Public Private Partnership Authority (PPPA) to make well-structured public private partnerships to attract more investment and increase their efficiency. Chairing the 7th meeting of the Board of Directors of PPPA here, the minister directed Railway officials to discuss all railways… Continue reading Asad Umar directs PPPA to increase efficiency, attract more investment

ISLAMABAD, Apr 29 (APP):Advisor to the Prime Minister on Commerce, Abdul Razak Dawood Wednesday appreciated the role that the chain stores and Tier 1 Retailers played in the national economy, especially in crisis situation and also acknowledged the hardships being faced by the sector in the ongoing COVID-19 crisis. He expressed these views in a… Continue reading Razak hails role of chain stores, wholesale retailers in national economy

ISLAMABAD, Apr 29 (APP):The federal budget 2020-21, to be announced in the first week of June, would focus on mitigating people’s sufferings through different measures including creation of job opportunities, Advisor to Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh said. The budget would be formulated considering the impact of COVID-19 on the… Continue reading Federal budget 2020-21 to mitigate people’s sufferings: Hafeez Sheikh

ISLAMABAD, Apr 28 (APP):Advisor to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood Tuesday said the government intended to pass on benefits of reduced oil prices in international market to public. Taking part in a Radio Pakistan’s Programme, he said despite the huge challenge of debt, Prime Minister Imran Khan preferred… Continue reading Govt to pass on benefit of reduced oil prices in int’l market to public: Razak Dawood

ISLAMABAD, Apr 28 (APP):A high-level meeting, chaired by the Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, Tuesday underlined several challenges the country was likely to face on the economic front due to the impact of Covid-19 on the national, regional and global economy. The meeting was attended by leading… Continue reading Govt, development partners weigh economic impact of Covid-19

ISLAMABAD, Apr 28 (APP):The government and Asian Development Bank (ADB) Tuesday signed a concessional loan agreement amounting to $15 million for Punjab urban development projects. This concessional loan is a Project Readiness Financing Facility for engineering and designing urban development projects in seven major cities across Punjab, as identified by the provincial government, said a… Continue reading ADB signs concessional loan agreement worth $15 m for Punjab urban development projects

ISLAMABAD, Apr 28 (APP):Asian Development Bank (ADB) President Masatsugu Asakawa and Agence Française de Développement (AFD) Chief Executive Officer Rémy Rioux Tuesday held discussions on strengthening the partnership between ADB and AFD to respond to the novel coronavirus disease (COVID-19) pandemic. Asakawa said, “ADB and AFD have a long record of close collaboration through activities… Continue reading ADB president, AFD CEO discuss strengthening cooperation on COVID-19

ISLAMABAD, Apr 27 (APP):Minister for Economic Affairs, Makhdum Khusro Bakhtyar Monday appreciated the continued support received from the international community including development partners to provide emergency medical response and mitigate socio-economic effects of COVID-19 crisis. He was speaking at a high-level meeting held at Economic Affairs Division (EAD), according to press statement issued here. The… Continue reading Bakhtyar appreciates international community’s financial support against COVID-19 crisis