NA body stresses for comprehensive strategy to increase external trade

ISLAMABAD, Oct 29 (APP):National Assembly Standing Committee on Commerce and Textiles on Tuesday stressed the need for evolving a comprehensive strategy to increase the country’s external trade. The Senate committee on commerce also sought a report from the Federal Board of Revenue for resolving the issues of textile industry to promote growth and productivity of… Continue reading NA body stresses for comprehensive strategy to increase external trade

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Rice export to be increased to $5 bln in five years: Razak

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ISLAMABAD, Oct 28 (APP):Adviser to Prime Minister on Commerce, Industries and Production, Textile and Investment Abdul Razak Dawood Monday said rice was the largest agro export commodity in the the country’s export basket with a total volume of over $ 2 billion, which will be increased to $5 billion in next five years. He said… Continue reading Rice export to be increased to $5 bln in five years: Razak

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FBR directs all staffers not to make any contact with taxpayers

ISLAMABAD, Oct 28 (APP):Federal Board of Revenue (FBR) has issued directions to all officers and officials of FBR headquarters and its field formations not to contact with any taxpayer or businessman in any form including physical visit, telephonic, mobile calls, SMS or email, except when legally authorized to do so. The step has been taken… Continue reading FBR directs all staffers not to make any contact with taxpayers

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Connecting local economy with potential global markets top priority: Razak Dawood

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ISLAMABAD, Oct 28 (APP):Adviser to Prime Minister on Commerce, Industries and Investment Abdul Razak Dawood Monday said that the government has been giving priority to connect the local economy with major potential economies of the world for achieving the agenda of trade liberalization to enhance country’s exports. “Our major economic agenda is to increase country’s… Continue reading Connecting local economy with potential global markets top priority: Razak Dawood

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SAARC Chamber asks govt to encourage young entrepreneurs to achieve economic targets

ISLAMABAD, Oct 28 (APP):SAARC Chamber of Commerce and Industry (SCCI) Monday said Pakistan should focus on encouraging its youth towards entrepreneurship for improving livelihoods, expanding economy and promoting jobs. Inaugurating a two day boot camp for Startups organized by SAARC Chamber of Commerce and Industry in association with Friedrich Naumann Foundation for Freedom and Plan9… Continue reading SAARC Chamber asks govt to encourage young entrepreneurs to achieve economic targets

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First Shale gas, oil well to be drilled in December

ISLAMABAD, Oct 27 (APP):The Oil and Gas Development Company Limited (OGDCL) has planned to start drilling activities in potential areas of Sindh in December this year for exploration of Shale gas and oil deposits identified almost five years ago, which would also help determine the cost of fuel extraction. “In pursuit of the Shale gas… Continue reading First Shale gas, oil well to be drilled in December

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Planning Ministry authorizes release of over Rs 203.563 billion for development projects

ISLAMABAD, Oct 26 (APP):The Ministry of Planning, Development and Reform has so far given authorization for the release of over Rs 203.563 billion for various ongoing and new social sector uplift projects under its Public Sector Development Program (PSDP) 2019-20, as against the total allocation of Rs 701 billion. Out of this total amount, the… Continue reading Planning Ministry authorizes release of over Rs 203.563 billion for development projects

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Chinese companies locating business in Pakistan: Razak Dawood

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ISLAMABAD, Oct 24 (APP):Advisor to Prime Minister on Commerce, Investment, Industries and Textile, Abdul Razak Dawood on Thursday said that Chinese companies have started locating business centers in different parts of the country. The Chinese companies had started construction work in Lahore and Faisalabad to explore business in textile sectors, he stated while talking to… Continue reading Chinese companies locating business in Pakistan: Razak Dawood

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Up-gradation of railway track to open more job opportunities: Dawood

ISLAMABAD, Oct 24 (APP):Adviser to Prime Minister on Commerce, Textile, Industry and Investment Razak Dawood has said that up-gradation of railway track would open more job opportunities in the country. The industry and agriculture sectors are the growth engines, which will bring improvement in the lives of the common man, he stated this while talking… Continue reading Up-gradation of railway track to open more job opportunities: Dawood

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IBIs share in banking assets increased to 14.4%

ISLAMABAD, Oct 24 (APP):The share of Islamic Banking Institutions (IBIs) in banking sector’s asset increased to 14.4 percent during the first half of the current calendar year, State Bank of Pakistan (SBP) reported. According the latest report of SBP, the IBIs contribution in total assets flows during January-June 2019 was the highest in the last… Continue reading IBIs share in banking assets increased to 14.4%

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Ambassador designated to WTO assures playing role to promote exports

ISLAMABAD, Oct 24 (APP):Ambassador-designate to Permanent Mission of Pakistan to the WTO, Geneva (Switzerland) Mujtaba Paracha Thursday assured that he would play role for promoting Pakistan’s trade exports with foreign countries. He visited Islamabad Chamber of Commerce and Industry and addressed the local business community. He said that Pakistan’s Permanent Mission to WTO was focused… Continue reading Ambassador designated to WTO assures playing role to promote exports

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Pakistan’s EODB ranking improves 28 points, Dawood expects FDI

ISLAMABAD, Oct 24 (APP):The World Bank (WB) Thursday improved its “Ease of Doing Business” ranking 2020 for Pakistan by 28 points, placing the country among top ten countries that have made reforms and improved their business environment at fast pace. Pakistan improved its ranking and was placed at 108th position against 136th position, out of… Continue reading Pakistan’s EODB ranking improves 28 points, Dawood expects FDI

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Upgradation of Railway track, Industry & agri sectors to open job opportunities: Dawood

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ISLAMABAD, Oct 23 (APP):Advisor to Prime Minister on Commerce, Textile, Industry and Investment, Razak Dawood on Wednesday said that upgradation of railway track would open vast job opportunities in the country. The industry and agriculture sectors are the growth engines which will bring improvement in the lives of the common man, he stated while talking… Continue reading Upgradation of Railway track, Industry & agri sectors to open job opportunities: Dawood

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Pakistan to come out of FATF grey list in 2020: Hammad

ISLAMABAD, Oct 23 (APP):Federal Minister for Economic Affairs Muhammad Hammad Azhar Wednesday expressed the confidence that Pakistan was progressing positively on the action plan of Financial Action Task Force (FATF) and would come out of its “grey list” in 2020. The country’s progress had been duly recognized in the FATF’s September report, he said while… Continue reading Pakistan to come out of FATF grey list in 2020: Hammad

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Govt economic reform measures to boost investors’ confidence: Khusro Bakhtyar

ISLAMABAD, Oct 23 (APP):Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar Wednesday said that the incumbent government’s economic reform measures will strengthen the country’s economy noting that investors confidence is rebounding as the economy takes course corrective measures. The Minister was talking to Australian High Commissioner to Pakistan Dr Geoffrey Shaw who called… Continue reading Govt economic reform measures to boost investors’ confidence: Khusro Bakhtyar

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Japan ambassador inaugurates school in Nankana Sahib

ISLAMABAD, Oct 23 (APP):Ambassador of Japan to Pakistan,Mr. Kuninori Matsuda Wednesday inaugurated a primary school in Union Council Rehan Wala of district Nankana Sahib which was built with the financial assistance of worth US $ 90,535 provided by the government of Japan to Rural Community Development Society (RCDS), a local development organization. The inauguration ceremony… Continue reading Japan ambassador inaugurates school in Nankana Sahib

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Senate body for remedial measure to increase cotton yield

ISLAMABAD, Oct 23 (APP):The Senate’s Standing Committee on National Food Security and Research Wednesday voiced its concern over consistent decline in cotton produce in the country and called for immediate remedial measures for sustainable economic growth. The committee, which met here with Syed Muzaffar Hussain Shah in the chair, also called for constituting a special… Continue reading Senate body for remedial measure to increase cotton yield

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Market rates of bullion in twin cities

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ISLAMABAD, Oct 23 (APP):Following bullion rates were received from markets of twin cities of Rawalpindi and Islamabad here on Wednesday: Bullion (PER TOLA) ===================== 24K ———— 86,500 22K ———— 86,300 Bullion (PER 10 GRAM) ===================== GOLD -24 K——– 74,160 GOLD 22 K——— 73,988 GOLD 21 K——— 73,903

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Rice exports increases 50.76%, reached to $470.584 million in first quarter of FY 2019-20

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ISLAMABAD, Oct 23 (APP):Rice exports from the country during first quarter of current financial year grew by 50.76% as compared the exports of the corresponding period of last year. During the period form July-September 2019, about 839,356 metric tons of rice worth $470.584 million was exported as compared the exports of 551.5,86 metric tons valuing… Continue reading Rice exports increases 50.76%, reached to $470.584 million in first quarter of FY 2019-20

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