LAHORE, Dec 11 (APP):Kyrgyzstan’s Ambassador to Pakistan Erik Beishemhiev said on Wednesday that Kyrgyzstan Republic could play a role of bridge for Pakistan to Central Asian markets as Pakistani traders could easily export their 6,000 items with several concessions. Talking to business community here at Lahore Chamber of Commerce and Industry (LCCI), he said CPEC… Continue reading Kyrgyzstan can play role of bridge between Pakistan, Central Asian markets: Envoy
Category: Business
Business news from Pakistan
Importance of CPEC trainings, education stressed to produce skilled professionals, workers
ISLAMABAD, Dec 11 (APP):Education experts stressed on Wednesday the importance of China Pakistan Economic Corridor (CPEC) trainings and education, calling for the need to produce dynamic professionals and workers in commercial and engineering disciplines by developing strong processes, linked activities, safety procedures, skills, and communication methods. Delivering a lecture on ‘China-Pakistan Economic Corridor: Prospects of… Continue reading Importance of CPEC trainings, education stressed to produce skilled professionals, workers
Dawood reaffirms govt’s resolve to promote regional trade
ISLAMABAD, Dec 10 (APP):Advisor to Prime Minister on Commerce Abdul Razak Dawood Tuesday said the government’s resolve to work for achieving economic, social and cultural development in the South Asian region by combating common challenges of poverty, unemployment, terrorism, transnational crimes and climate change. “South Asia has huge potentials for transforming development landscape of our… Continue reading Dawood reaffirms govt’s resolve to promote regional trade
Overseas Pakistani workers remit $9,298.57 million in five months
KARACHI, Dec 10 (APP):Overseas Pakistani workers remitted US$ 9,298.57 million in the first five months (July to November) of FY20, compared with US$ 9,281.94 million received during the same period in the preceding year. According to State Bank of Pakistan (SBP) press release issued here on Tuesday, during November 2019, the inflow of workers remittances… Continue reading Overseas Pakistani workers remit $9,298.57 million in five months
SBP receives $1.3 bn from ADB
ISLAMABAD, Dec 10 (APP):The State Bank of Pakistan has received US $1.3 billion from Asian Development Bank (ADB) in connection with the policy based lending committed by ADB to support Pakistan’s budget and energy sector reforms, said a spokesman of SBP on Tuesday. With this inflow of foreign currency, the central bank’s foreign exchange reserves… Continue reading SBP receives $1.3 bn from ADB
Russia keen to explore business opportunities in Pakistan
ISLAMABAD, Dec 10 (APP):The investors of Russia are keen to explore business opportunities in Pakistan and for this purpose, want to further strengthen trade and investment cooperation with Pakistani counterparts. This was said by Stanislav L. KOROLEV, Head of Moscow Chamber of Commerce and Industry Commission for Pakistan while addressing business community at Islamabad Chamber… Continue reading Russia keen to explore business opportunities in Pakistan
ADB provides $1.3 billion loan to Pakistan for economic reforms
ISLAMABAD, Dec 9 (APP):Minister for Economic Affairs, Muhammad Hammad Azhar on Monday witnessed the signing of two loans programme amounting to US $1.3 billion between the government of Pakistan and the Asian Development Bank (ADB) for economic reforms. The loan agreements were signed by Secretary, Economic Affairs Division, Dr Syed Pervaiz Abbas and Ms Xiaohong… Continue reading ADB provides $1.3 billion loan to Pakistan for economic reforms
Japan-UNDP signs accord $ 3.5 miln for police reform in erstwhile FATA
ISLAMABAD, Dec 9 (APP):The Government of Japan and United Nations Development Programme (UNDP) signed a bilateral agreement worth $ 3.5 million to establish secure infrastructure for police to enhance their capacity in the newly merged Districts, erstwhile FATA. United Nations Development Programme (UNDP) and the Government of Japan have joined hands to provide support to… Continue reading Japan-UNDP signs accord $ 3.5 miln for police reform in erstwhile FATA
SAARC Charter Day to be observed on Tuesday
ISLAMABAD, Dec 9 (APP):The 35th SAARC Charter Day to be observed on December 10 (Tuesday) in the country to renew commitment to the cherished goals of the organization besides further accelerating the pace of regional economic cooperation. In order to commemorating the event , SAARC Chambers of Commerce and Industry (CCI) would organize an event.… Continue reading SAARC Charter Day to be observed on Tuesday
CM Punjab orders provision of facilities to FIEDMC on fast track
ISLAMABAD, Dec 9 (APP):Chief Minister Punjab Usman Buzdar had directed the authorities concerned for ensure development of infrastructure and provision of required facilities to industries in Allama Iqbal Industrial City, a prioritized project of Special Economic Zone under CPEC of Faisalabad Industrial Estate Development and Management Company (FIEDMC), on fast track basis. Presiding over a… Continue reading CM Punjab orders provision of facilities to FIEDMC on fast track
Strategy afoot to construct gas storage facilities, increase oil stock capacity
ISLAMABAD, Dec 8 (APP):The government is working on a multi-pronged strategy to construct gas storage facilities, which the country lacks for smooth supply of the commodity, especially during peak winter and summer seasons. Under the strategy, a feasibility study had already been started to set up the storage facilities after the experts predicted that the gas… Continue reading Strategy afoot to construct gas storage facilities, increase oil stock capacity
Manpower export to Saudi Arabia rises by 207% this year
ISLAMABAD, Dec 08 (APP):The Ministry of Overseas Pakistanis and Human Resource Development, during first 10 months of the year 2019, has assisted over 258,215 Pakistanis to proceed Saudi Arabia for prospective job opportunities in various sectors. According to the data compiled by the Bureau of Emigration and Overseas Employment, the manpower export to Saudi Arabia… Continue reading Manpower export to Saudi Arabia rises by 207% this year
‘To uplift industry, tourists’ destinations to be developed on Egyptian pattern’, says Zulfi Bukhari
ISLAMABAD, Dec 08 (APP):The government has chalked out a comprehensive plan to initially develop, on Egyptian pattern, the ‘Tourism Cities’ in potential areas of Punjab and Khyber Pakhtunkhwa, to give the industry a new headway. “The plan after its materialization would have significant impact to attract foreign tourists and also add its share in Gross… Continue reading ‘To uplift industry, tourists’ destinations to be developed on Egyptian pattern’, says Zulfi Bukhari
71,000 skilled, semi skilled Pakistanis proceeded to Qatar for various job opportunities: Official
ISLAMABAD, Dec 08 (APP):Ministry of Overseas Pakistanis and Human Resource Development (MoOPHRD) has formally assisted 71,000 skilled and semi-skilled workers to go to Qatar for various job assignments, especially in construction sector. Qatar had announced to hire 100,000 Pakistan’s workforce in 2015, a senior official in the ministry told APP. At present, as many as… Continue reading 71,000 skilled, semi skilled Pakistanis proceeded to Qatar for various job opportunities: Official
Gov’t releases Rs 297.64 bn for development projects
ISLAMABAD, Dec 08 (APP):The federal government has so far released Rs 297.643 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 Rs701 billion. Under its development programme, the government has released an amount of Rs135.113 billion for federal ministries, Rs100.56… Continue reading Gov’t releases Rs 297.64 bn for development projects
FBR working for developing expeditious settlement of non duty paid
ISLAMABAD, Dec 07 (APP):Federal Board of Revenue is working in developing a ‘expeditious settlement’ of ‘non duty paid’ fast moving consumer goods available in the market. Details will be released next week, said Syed Shabbar Zaidi in a Tweet on Saturday. The purpose is to facilitate businessmen and improve documentation without disturbing business confidence.
Razak Dawood chairs meeting on Dubai Expo 2020
KARACHI, Dec 07 (APP):Advisor to the Prime Minister on Commerce Abdul Razzak Dawood chaired a meeting to discuss the progress on issues relating to EXPO 2020 and way forward on Pakistan’s participation in EXPO 2020 at Trade Development Authority of Pakistan (TDAP) here. Abdul Razzak Dawood welcomed the participants and received updates on the progress… Continue reading Razak Dawood chairs meeting on Dubai Expo 2020
Moody’s affirms B3 ratings to NBP, changes outlook to stable
KARACHI, Dec 06 (APP):Moody’s Investors Service on Friday affirmed B3 long-term local currency deposit ratings of National Bank of Pakistan (NBP) and upgraded the outlook from negative to stable. The rating action follows Moody’s decision on December 2 to affirm B3 rating for the Government of Pakistan and changed the outlook on the sovereign rating… Continue reading Moody’s affirms B3 ratings to NBP, changes outlook to stable
RCCI organizing Pak-UK Trade, Investment Conference on Dec 10, in Birmingham
RAWALPINDI, Dec 06 (APP):The 3rd Pakistan-United Kingdom (UK) Trade and Investment Conference, organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) will begin in Birmingham on December 10. RCCI President Saboor Malik while providing details of the event here on Friday said arrangements of the conference have been finalized. He said the main target… Continue reading RCCI organizing Pak-UK Trade, Investment Conference on Dec 10, in Birmingham
Govt releases Rs 5.762 billion for development projects of agriculture sector
ISLAMABAD, Dec 6 (APP):The Ministry of Planning Development and Reforms has so fare given the authorization to release Rs 5.762 billion for various agriculture sector development projects under its Public Sector Development Program (PSDP) for the financial year 2019-20 as against the total allocation of Rs 12.047 billion. Meanwhile, the authorities concerned had also given… Continue reading Govt releases Rs 5.762 billion for development projects of agriculture sector