Category: Business

LAHORE, Feb 3 (APP):National Engineering Services Pakistan (NESPAK) has made record business during fiscal year 2018-19 by acquiring 87 new projects worth Rs 11.14 billion showing an increase of 11 per cent when compared with Rs. 10.07 billion projects of FY 2017-18. NESPAK Managing Director Dr. Tahir Masood told media here Monday that out of… Continue reading NESPAK acquires 87 projects worth Rs 11.14b in a year

ISLAMABAD, Feb 3 (APP):The Finance Ministry on Monday said that the outcome of stabilization policies, agriculture sector interventions, rigorous monitoring at federal as well provincial levels and favourable weather conditions would help ease inflation and lead the economy towards sustainable growth and productivity in up coming days. “Adverse effects of pre-monsoon rains on wheat crop,… Continue reading Stabilisation policies, agri sector interventions, monitoring to help ease inflation

ISLAMABAD, Feb 02 (APP):The government has released funds amounting to Rs 293.257 million during first seven months of the of current fiscal year to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs581.812 million. According to the official data as of January 24, an amount of Rs… Continue reading Rs293.257 mln released for petroleum sector projects in seven months

ISLAMABAD, Feb 02 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during first half of current financial year (2019-20), followed by China and United Kingdom (UK). The total exports to the USA during July-December (2019-20) were recorded at US $ 2074.168 million against the exports of $2018.797 million… Continue reading USA, China, UK top three destinations of Pakistani exports: SBP

ISLAMABAD, Feb 01 (APP):Chairman, Pak-US Business Council Founder, Iftikhar Ali Malik Saturday said 15 high level US trade delegations will visit Pakistan in 2020 to enhance volume of trade and further explore investment avenues in various sectors to help boost and accelerate economic activities in the country. He disclosed it while talking to a 10… Continue reading 15 high level US trade delegations to visit Pakistan in 2020 to enhance trade volume and explore further investment avenues: Iftikhar Malik

ISLAMABAD, Jan 31 (APP):Over 200,000 youth from across the country have applied for the Prime Minister’s Hunarmand Pakistan Program (Skill for All), launched by the government this month for socio-economic development of young people. “Interviews of the applicants have been started at over 500 technical and vocational training institutions of the country,” an official of… Continue reading Over 200,000 youth applies for PM’s Hunarmand Pakistan Program

ISLAMABAD, Jan 31 (APP):The Petroleum Division on Friday signed a Petroleum Concession Agreement (PCA) with Pakistan Oilfields Limited (POL) and Mari Petroleum Company Limited (MPCL) for Taung block, located in Jamshoro Sindh. Secretary Petroleum Mian Asad Hayauddin and Director General (Petroleum Concession) Imran Ahmed inked the agreement on behalf of the government with CEO POL… Continue reading Petroleum Division signs PCA with POL, MPCL for Taung block

ISLAMABAD, Jan 30 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Thursday said the government was striving for an export-led growth in the country as the growth fuelled by consumption instead of investments was not sustainable and durable. “We want quality growth which is led by growth in exports and… Continue reading Govt aiming at export-led growth to ensure sustainability, Hafeez Shaikh tells British envoy

ISLAMABAD, Jan 30 (APP):Advisor to Prime Minister on Commerce, Industries and Investment Abdul Tazak Dawood on Thursday said that Pakistan wants to double its trade with Africa countries in the next five years to increasing the bilateral trade and economic cooperation. The advisor said the trade volume between Pakistan and Africa has been far below… Continue reading Pakistan to double bilateral trade with Africa countries: Razak Dawood

ISLAMABAD, Jan 30 (APP):The government has released funds amounting to Rs 293.257 million during first seven months of the of current fiscal year to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs581.812 million. According to the official data as of January 24, an amount of Rs… Continue reading Rs293.257 mln released for petroleum sector projects in seven months

ISLAMABAD, Jan 30 (APP):The export of pharmaceutical goods from the country witness an increase of 5.27 percent during the first half of current financial year (2019-20) as compared to the export of corresponding period of last year. The pharmaceutical exports were recorded at $112.099 million during July-December (2019-20) as against the export of $106.486 million… Continue reading Pharmaceutical goods’ export increase 5% in 1st half of FY 2019-20

ISLAMABAD, Jan 30 (APP):Knitwear exports from the country during first six months of current financial year grew by 7.59 per cent as compared to exports of the corresponding period last year. During the period from July-December 2019, Knitwear exports worth US $ 1,587,534 million was exported as compared to the exports of US $ 1,475,576… Continue reading Knitwear exports increases 7.59% in first five months of FY 2019-20

ISLAMABAD, Jan 29 (APP):Advisor to the Prime Minister on Commerce, Industries and Production and Investment Abdul Razak Dawood is leaving for Nairobi to attend Pakistan Africa Trade Development Conference, scheduled to be held on 30th January 2020. Foreign Minister Shah Mahmood Qureshi and Abdul Razak Dawood would deliver keynote speeches, highlighting the relations of Pakistan… Continue reading Razak to attend Pak-Africa Trade Development Conference in Nairobi

ISLAMABAD, Jan 29 (APP):The federal government has authorized release of Rs2.8 billion for land acquisition of Sukkur-Hyderabad section of Karachi-Lahore Motorway under its Public Sector Development Programme (PSDP) 2019-20. The government had allocated an amount of Rs3.5 billion for the project during current fiscal year. According to a latest data of Planning Commission, the total… Continue reading Govt releases Rs2.8 billion for Sukkur-Hyderabad Motorway

ISLAMABAD, Jan 29 (APP):The Trade Development Authority of Pakistan (TDAP) is all set to participate in Textile fair scheduled to be held in Argentina from April 20 to 23. The authority would be participating in three exhibitions including Emitex, Simatex and Confemaq, according to press statement received here. The statement added that these exhibitions summon… Continue reading TDAP participating in Argentina textile fair in April

KARACHI, Jan 28 (APP):State Bank of Pakistan (SBP) Governor Dr Reza Baqer Tuesday announced to keep the Central Bank’s policy (interest) rate unchanged at 13.25 percent for next two months in the light of SBP Monetary Policy Committee analysis that inflation rate will remain almost same during next couple of months. The SBP Governor made… Continue reading SBP keeps its policy rate unchanged at 13.25 pc

ISLAMABAD, Jan 28 (APP):Securities and Exchange Commission of Pakistan (SECP) has initiated public consultation on the proposed new broker regime which primarily aims to strengthen the capital markets and restore investor confidence. As per the proposed model, three categories of brokers will be created, an official of SECP told APP. Trading Only (TO) brokers will… Continue reading SECP initiates public consultation on proposed broker regime

ISLAMABAD, Jan 28 (APP):The footwear exports from the country witnessed increase of 17.75 percent during the first half of current financial year (2019-20) compared to the corresponding period of last year. Pakistan exported footwear worth $67.404 million during July-December (2019-20) against the exports of $57.244 million during July-December (2018-19), showing a growth of 17.75 percent,… Continue reading Footwear exports increase 17% in 1st half of FY 2019-20

ISLAMABAD, Jan 28 (APP):President Islamabad Policy Research Institute (IPRI), Vice Admiral (R) Khan Hasham Bin Saddique Tuesday said that regional connectivity was prerequisite for promoting economic integration in South Asian and Central Asian countries for common benefits. In an exclusive interview with APP here, the IPRI President, who also served as an Ambassador of Pakistan… Continue reading Connectivity prerequisite for regional economic integration: President IPRI