Category: Business

ISLAMABAD, Mar 11 (APP):The Securities and Exchange Commission of Pakistan (SECP) has taken range of measures in the year 2018-19 to identify and address factors that may result in systemic risk in the market. The reduction of systemic risk is one of major Security and Exchange Commission of Pakistan (SECP)’ s objectives of securities regulation,… Continue reading SECP takes several measures to minimize systemic risks, increase investors’ protection

ISLAMABAD, Mar 10 (APP):Adviser to the Prime Minister on Commerce, Industries and Investment Abdul Razak Dawood Tuesday said the government was committed for the provision of ease of doing business to improve both foreign direct investments and balance of payments by broadening of the exports base of the country. He said this while addressing the… Continue reading Govt committed for export led growth in int’l market: Razak Dawood

ISLAMABAD, Mar 10 (APP):Chairman, Securities and Exchange Commission of Pakistan (SECP), Aamir Khan on Tuesday said that risk taking was an essential ingredient of success, but a compromise on risk management protocols, could turn an opportunity into a loss situation. “No amount of urgency should detract from following the risk management protocols,” he added. He… Continue reading Risk taking, essential ingredient of success:SECP Chairman

ISLAMABAD, Mar 09 (APP):Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh on Monday endorsed the proposal prepared by the Planning Commission for enhancing efficiency and improving project management. Chairing a meeting in this regard, the advisor said that the proposal, prepared by the Planning Commission with assistance from Finance and… Continue reading Hafeez Shaikh endorses proposal for improving project management

ISLAMABAD, Mar 09 (APP):Adviser to Prime Minster for Commerce, Textile, Industry and Production and Investment, Abdul Razak Dawood on Monday said the government was committed for achieving the objective of export led growth to increase the local exports in international market. “In recent global economic slowdown, vigilant and prudent economic policies country is requited to… Continue reading Razak vows for achieving export led growth to enhance local exports

LAHORE, Mar 9 (APP):Ambassador-designate to Germany Dr. Mohammad Faisal said on Monday that strong liaison between Chambers of Commerce & Industry and business institutions of Pakistan and Germany would definitely enhance mutual trade volume. Talking to business community here at Lahore Chamber of Commerce and Industry (LCCI), the Ambassador said that Pakistani business community would… Continue reading Strong chambers liaison can boost Pak-German trade: Dr. Faisal

ISLAMABAD, Mar 08 (APP):The Federal Board of Revenue (FBR) Sunday stated that revenue collection has grown by 17 percent with additional revenues of Rs 345 billion as compared to the collection of the previous year. During the current Fiscal Year 2019-20, out of Rs 920 billion target for the period from July to January, 2020,… Continue reading Revenue collection grows by 17 percent till January 2020

ISLAMABAD, Mar 08 (APP):Business community have widely hailed result oriented hectic efforts of the Punjab Governor Muhammad Sarwar Chaudhry for mustering European Union (EU) support in getting two years extension of Generalised System of Preferences plus (GSP-Plus) for Pakistan endeavouring to strengthening national economy. SAARC Chamber of Commerce and Industry (CCI) president-designate and veteran trade… Continue reading Business community hails Governor Punjab for his efforts to get GSP Plus extension

ISLAMABAD, Mar 7 (APP):The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the market, with primary focus on measures to enhance liquidity, ease of doing business and address practical difficulties faced by market participants. Investors are now allowed to pledge government securities as collateral in lieu of cash… Continue reading SECP takes measures to enhance liquidity and an effective risk management

ISLAMABAD, Mar 6 (APP):Federal Minister for Economic Affairs Hammad Azhar on Friday said the government was committed to invest in country’s huge demographic dividends and turn its immense potential into vibrant economy. He said this will also enhance opportunities in the job market, generate revenues and put the country on path of development and prosperity.… Continue reading Hammad stresses for exploiting demographic dividends to boost economy

ISLAMABAD, Mar 5 (APP):The Sui Southern Gas Company (SSGC) has received funds amounting to Rs662.693 million to provide natural gas to 40 villages and localities of Balochistan province during the last five years. The funds had been provided under the Sustainable Development Goals Achievement Programme, according to an official document available with APP. The villages… Continue reading SSGC receives Rs 662.693 mln to gasify 40 villages in Balochistan

ISLAMABAD, Mar 5 (APP):Adviser to Prime Minister on Commerce Abdul Razak Dawood Thursday highlighted the importance of enhancing Pakistan-Brazil bilateral cooperation to exploit the existing potential of bio-energy (Ethanol) and value addition in Agriculture field. He was addressing a technical seminar on “Sustainable Mobility: Ethanol Talks-Pakistan,” jointly organized by Pakistan Sugar Mills Association and Brazilian… Continue reading Razak favours utilizing Brazilian experiences for ethanol production

ISLAMABAD, Mar 05 (APP):Ambassador-designate of Pakistan to Poland, Malik Muhammad Farooq Thursday visited Islamabad Chamber of Commerce and Industry (ICCI) and held a meeting with its President, Muhammad Ahmed Waheed to discuss matters for further improving bilateral trade and economic relations of Pakistan with Poland. Saif ur Rehman Khan Vice President ICCI, Baser Daud, Muhammad… Continue reading Business community asked to explore Poland for trade and exports

ISLAMABAD, Mar 5 (APP):The Non-Banking Financial Sector asset size by June, 2019 stood at Rs1,140 billion as compared to the asset size of Rs1,228 billion of last year’s corresponding period. According to the annual report of Security and Exchange Commission of Pakistan (SECP) for the year 2018-19, non-banking financial sector reflected an overall decrease of… Continue reading Asset size of NBF sector stands at Rs 1,140 bln

ISLAMABAD, Mar 5 (APP):The Federal Board of Revenue (FBR) on Thursday clarified a news item published in a section of press relating to actual number of tax returns filed in Tax Year 2019 and Tax Year 2018. The board in a statement clarified that number of tax returns filed in Tax Year 2018 till February… Continue reading FBR clarifies news related to number of tax filers

ISLAMABAD, Mar 5 (APP):The imports of plastic materials into the country witnessed declined of 10.15 percent during the first seven months of current financial year (2019-20) as compared to the corresponding period of last year. Pakistan imported plastic worth $1123.260 million during July-January (2019-20) compared to the imports of $1250.137 million during July-January (2018-19), showing… Continue reading Plastic imports dip over 10pc to $1123.260 mln

ISLAMABAD, Mar 4 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a host of measures to encourage and facilitate the overseas Pakistanis to send their remittances through official banking channels. The approval was granted at an ECC meeting chaired by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez… Continue reading ECC approves measures to boost remittances through formal channels

ISLAMABAD, Mar 4 (APP):As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond… Continue reading WB offers $12 billion in support of countries’ response to Covid -19