Category: Business

ISLAMABAD, Jan 14 (APP):Advisor to the Prime Minister on Commerce, Textile, Industry and Production and Investment Abdul Razaq Dawood on Monday said that implementation of e-Commerce policy was main focus of the government to promote the digital economy for providing the connectivity with global chain. In past regimes, there was gape in implementation of e-commerce… Continue reading Razak vows for implementation of e-Commerce policy

ISLAMABAD, Jan 14 (APP):Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Tuesday said the government was taking steps to tackle inflation and enhance domestic productivity through greater spending on social safety net, improving cash transfer programme, ensuring greater ease of doing business and providing subsidized loans, electricity and gas to the… Continue reading Govt taking steps to tackle inflation, enhance domestic productivity: Dr Hafeez Shaikh

ISLAMABAD, Jan 14 (APP):With its US $ 4025.177 million imports to Pakistan, China remained the top importer of the country during the first five months of current financial year (2019-20), followed by United Arab Emirates (UAE) and Singapore. During the month of November, 2019, the total imports from China witnessed negative growth of 5.49 percent… Continue reading China remains top importer, traded products over $4.025 bln

ISLAMABAD, Jan 14 (APP):Fitch rating agency has forecast that Pakistan’s general government debt (including guarantees and International Monetary Fund borrowing) will fall to about 80 percent by end of next fiscal year due to faster nominal GDP growth and fiscal consolidation. “The government has taken steps to manage domestic debt rollover risks following the cessation… Continue reading Pakistan’s general government debt ratio to fall to 80% next year: Fitch

KARACHI, Jan 13 (APP):Federal Minister for Planning and Development Asad Umar Monday said Prime Minister Imran Khan would launch a series of development projects in Karachi soon. Talking to reporters following his visit to Muttahida Qaumi Movement-Pakistan (MQM-P) head office, he informed that the projects to be launched in Karachi were those which were funded… Continue reading PM to launch series of development projects in Karachi soon

ISLAMABAD, Jan 13 (APP):Oil and Gas Development Company Limited (OGDCL) has acquired 556 Line Kilometers (LKMs) seismic data during first quarter of the current fiscal year. “Besides, around 689 Line km of 2D seismic data was also processed/reprocessed using in-house resources. The company’s seismic data acquisition is 85 percent of total 2D seismic data acquired… Continue reading OGDCL acquires 556 LKMs 2D seismic data in first quarter

ISLAMABAD, Jan 12 (APP):The federal government has so far authorized release of Rs 301.45 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 135.21 billion… Continue reading Gov’t releases Rs 301.45b for development projects

KARACHI, Jan 11 (APP):Advisor to Prime Minister for Textile and Industry Abdul Razak Dawood has said that things are now moving towards right direction and now Pakistan is looking forward to promote exports rather than domestic trade. This he said while addressing the members of Karachi Chamber of Commerce and Industry (KCCI) as chief guest… Continue reading Pakistan looking forward to promote exports: Razak

ISLAMABAD, Jan 10 (APP):Minister for Planning, Development and Special Initiatives Asad Umar Friday said that the pace of projects under China Pakistan Economic Corridor (CPEC) would be accelerated in weeks and months to come. He was talking to Ambassador of China to Pakistan Yao Jing here on Friday. Matters relating to CPEC and economic cooperation… Continue reading Works on CPEC projects to be accelerated in 2020: Asad Umar

ISLAMABAD, Jan 10 (APP):The import of tea witnessed decrease of 26.38 percent during the first five months of the current fiscal year (2019-20) as compared to the corresponding period of last year. Pakistan imported tea worth US $184.361 million during July-November (2019-20) against the import of $250.413 million during the same period of 2018-19, according… Continue reading Tea imports decrease by 26.38 percent during first five months of current FY

ISLAMABAD, Jan 10 (APP):The Heimtextil 2020 Trade Fair was a success for the Pakistani businessmen, who received an encouraging responses from customers and visitors, hence brightening the prospects for enhancing homemade textiles exports from the country. The 50th Anniversary Edition of Heimtextil, held in Frankfurt Germany from January 7 to 10 presented more sustainable products… Continue reading Heimtextil fair turns successful for Pakistani exporters

ISLAMABAD, Jan 9 (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 agriculture sector development projects

ISLAMABAD, Jan 9 (APP):Kayber Pakhtunkhwa Senior Minister for Sports, Tourism, Archaeology, Culture, Museums and Youth Affairs Muhammad Atif Khan Thursday said that the Integrated Tourism Zones (ITZs) would change the tourism landscape in the province. “We have finalized the plan and are offering bids for five Integrated Tourism Zones (ITZs) at five different place of… Continue reading Khyber Pakhtunkwa ITZs to change tourism landscape of province: Atif Khan

ISLAMABAD, Jan 8 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the Technical Supplementary Grant of Rs 1 billion under demand of the Cabinet Division for establishment of Pakistan Tourism Development Endowment Fund under Public Account. Adviser to the Prime Minister on Finance, Dr. Abdul Hafeez Shaikh, who chaired EC meeting here,… Continue reading ECC approves Rs 1 billion for tourism endowment fund

ISLAMABAD, Jan 8 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during first five months of current financial year (2019-20), followed by United Kingdom (UK) and China. The total exports to the USA during July-November (2019-20) were recorded at $1744.415 million against the exports of $1698.809 million during… Continue reading USA, UK, China top three destinations of Pakistani exports: SBP

ISLAMABAD, Jan 8 (APP):After successfully completing the export quota of 250,000 MT of rice to China, Pakistan will now export additional 500,000 MT of rice to the country, Advisor to Prime Minister on Commerce, Investment and Industries Abdul Razak Dawood said on Wednesday. In his tweet, the Advisor said that after completing the export quota,… Continue reading Pakistan to export 500,000 MT additional rice to China

ISLAMABAD, Jan 8 (APP):The State Bank of Pakistan (SBP) has said that the pace of external debt and liabilities had slowed down during first quarter (July-September) of fiscal year 2019-20 as compared to same period of last year. “The external debt and liabilities increased by US $ 0.5 billion during the period under review compared… Continue reading Pace of external debt, liabilities slows down in Q1 of FY20: SBP

ISLAMABAD, Jan 07 (APP):Pakistan has again been declared as the best travel destination of current year. — Yet another feat for the country. It may eventually culminate in heralding big news for tourism sector, spanning over the next decade — 2020s. This time, a recent article in an American-based magazine – Forbes – has enlisted… Continue reading Forbes magazine enlists Pakistan in top-10 under the radar places to visit for 2020