Category: Business

KARACHI, Feb 28 (APP):Federal Minister for Federal Education and Professional Training, Shafqat Mehmood on Friday said that around 200 Business Incubation Centers will be set up in top universities across Pakistan while an Accreditation Council is being established at the national level that would categorize the institutes of technical education. He said this while speaking… Continue reading Business Incubation Centers to be set up in universities: Shafqat

ISLAMABAD, Feb 28 (APP):The Oil and Gas Development Company Limited (OGDCL) has drilled 12 exploratory and development wells and made three discoveries during first six months of the current financial year. The company’s exploratory efforts yielded three oil and gas discoveries namely Pandhi-1 in district Sanghar, Sindh province, Togh-1 and Chanda-5 in district Kohat, KPK… Continue reading OGDCL drills 12 new wells, makes three discoveries in six months

ISLAMABAD, Feb 27 (APP):Advisor to Prime Minister on Commerce, Industries and Production and Investment Abdul Razak Dawood Thursday said Pakistan desired market access to the United States and their investors to increase their investment here. “We also prioritize for increasing our exports to achieve the objective of exports-led growth besides enhancing the bilateral trade with… Continue reading Pakistan desires market access, increased investment in US

ISLAMABAD, Feb 26 (APP):Advisor to Prime Minister on Commerce, Industries and Production and Investment Abdul Razak Dawood Wednesday said that this was high time for United States’ (US) companies to invest in Pakistan for increasing bilateral economic and trade relations. The advisor told the visiting delegation that after achieving economic stability, the government under the… Continue reading Razak invites US companies to invest in Pakistan

ISLAMABAD, Feb 26 (APP):Chairman Pak-US Business Council Iftikhar Ali Malik Wednesday urged the visiting US Commerce Secretary Wilbur Ross for Joint Ventures (JVs) in economic sphere and free direct market access to Pakistan at zero duty in the wake of war against terrorism. In a statement issued here, he said US should convene meeting of… Continue reading Pakistan demands visiting US Commerce Secretary Ross for JVs and direct US market access

ISLAMABAD, Feb 25 (APP):Food and Agriculture Organization (FAO) of the United Nations on Tuesday reiterated its resolve for continuing supports to Pakistan in its efforts to control the locust attack which had affected crops standing over vast areas. FAO representative in Pakistan Mina Dowlatchahi called on Federal Minister for National Food Security and Research Makhdoom… Continue reading FAO to provide GPS facility for locust affected areas

ISLAMABAD,Feb 25 (APP):Exports of fish and fish preparations from the country during first seven months of current financial year grew by 16.52% as compared the exports of the corresponding period of last year. During the period from July-January, 2019-20 about 107,053 metric tons of fish and fish products valuing $253.145 million exported as against 94,919… Continue reading Fish worth $253.145 mln, meat 185.087 mln exported in seven months

ISLAMABAD, Feb 25 (APP):Founder President Pak-US Business Council Iftikhar Ali Malik Tuesday regarding US President Donald Trump’s speech at a rally in India, said the US’ role in South Asia had become more significant with respect to Pakistan, India, Afghanistan and the changing geopolitical landscape for the prosperity of South Asian region. In a statement… Continue reading US role as peace promoter in SA need of hour in region: Malik

ISLAMABAD, Feb 25 (APP):The export of pharmaceutical goods from the country witness an increase of 4.49 percent during the first seven months of current financial year (2019-20) as compared to the export of corresponding period of last year. The pharmaceutical exports were recorded at $129.100 million during July-January (2019-20) as against the export of $123.555… Continue reading Pharmaceutical goods’ export increase 4.49% in 7 months

ISLAMABAD, Feb 24 (APP):American Biomedical Engineering Company will set up first ever manufacturing unit of biomedical equipment in Allama Iqbal Industrial City (AIIC), a prioritized Special Economic Zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC. American Biomedical Engineering Company Director Dr Usman Mustafa called on FIEDMC Chairman Mian Kashif Ashfaq here… Continue reading American company to set up first ever manufacturing unit of biomedical equipment in AIIC

ISLAMABAD, Feb 24 (APP):SAARC Chambers of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik Monday urged Pakistani entrepreneurs to develop international standard brands products to capture open global markets besides earning more foreign exchange for the country. He expressed these views while talking to a delegation of exhibitors of expo 2020 organised by… Continue reading Pak entrepreneurs must develop brands

ISLAMABAD, Feb 24 (APP):The Federal government has so far authorized release of Rs 456.37 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 authorized release of an amount of Rs… Continue reading Planning Commission authorizes release of Rs 456.37 bln for development projects

ISLAMABAD, Feb 24 (APP):The Geological Survey of Pakistan (GSP) has planned to map 50 Toposheets of ‘outcrop area’ in Balochistan province for identification of minerals at a cost of Rs 127.595 million during a three-year period. “The project has been submitted to the quarters concerned for its incorporation in the Public Sector Development Programme (PSDP… Continue reading GSP plans mapping of 50 Toposheets in Balochistan for minerals identification

ISLAMABAD, Feb 22 (APP):Pakistan earned US $ 264.254 million by providing different travel services in various countries during the first half of current financial year 2019-20. This shows growth of 29.49 percent as compared to US $ 204.070 million same services were provided during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics… Continue reading Pakistan’s earns US $ 264 mln from travel services’ export

ISLAMABAD, Feb 21 (APP):Country Director of World Bank for Pakistan, Illango Patchamuthu, along with his team, called on Advisor to the Prime Minister, Abdul Razak Dawood here at his office on Friday to discuss the progress on various initiatives, including Pakistan Goes Global Project and Ease of Doing Business reforms. Talking to the delegation, Dawood… Continue reading World Bank Country Director calls on Abdul Razak Dawood

ISLAMABAD, Feb 21 (APP):The Financial Action Task Force (FATF) during its plenary meeting held in Paris has agreed to maintain Pakistan’s status on FATF’s Compliance Document, normally referred as the Grey List. While acknowledging the steps taken by Pakistan towards implementation of Action Plan and welcoming its high level political commitment, FATF highlighted the need… Continue reading FATF maintains Pakistan’s status in Grey list till June 2020

By Najam ul Hassan ISLAMABAD, Feb 21 (APP):The Asian Development Bank disbursed record $2.4 billion loans and grants, including $1.8 billion in programme lending and $634.3 million in project lending, to Pakistan during the year 2019. The ADB provided $1.8 billion in policy-based loans, including $1billion in immediate budget support to shore up the country’s… Continue reading ADB disbursed record $2.4 bn development funds to Pakistan in 2019

ISLAMABAD, Feb 21 (APP):Adviser to the Prime Minister on Finance and Revenue Dr.Abdul Hafeez Shaikh chaired a meeting on Friday to review various energy sector issues that were pending between the Federal Government and the Government of Balochistan for many years. Balochistan Government was represented by Secretary Energy Department Balochistan, and Federal Government was represented… Continue reading Hafeez Shaikh reviews energy sector issues of Balochistan

ISLAMABAD, Feb 21 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Friday thanked China for supporting Pakistan in Financial Action Task Force meetings and said that China and other brotherly countries have supported the country throughout the process in terms of guiding the country to improve its frameworks. The… Continue reading Adviser to PM on Finance thanks China on support in FATF meetings

ISLAMABAD, Feb 20 (APP):Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday chaired the meeting to review various energy sector issues that were pending between the Federal Government and the Government of Balochistan for many years. The Balochistan Government was represented by Secretary Energy Department Balochistan, Federal Government was represented… Continue reading Meeting held to review energy sector issues of Energy Department Balochistan