Category: Business

ISLAMABAD, Nov 28 (APP):Pakistan Stock Exchange (PSX) Thursday gained momentum as KSE-100 index closed at 38,706 points with increase 583 points (1.51%). A total of 212,942,350 shares were traded whereas the value of shares traded during the day stood at Rs 9.97 billion. Total 374 companies’ transacted shares in the Stock Market, out of which… Continue reading Stocks gain momentum, close at 38,706 points

ISLAMABAD, Nov 28 (APP):Poland Ambassador to Pakistan Piotr A. Opalinski Thursday said that his country wanted to further enhance bilateral trade with Pakistan as both countries have good potential to conduct trade in many items with each other. He was addressing business community during his visit to Islamabad Chamber of Commerce & Industry. He said… Continue reading Poland wanted to enhance trade with Pakistan

ISLAMABAD, Nov 28 (APP):Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood Thursday felicitated Chief Executive of Pakistan Furniture Council (PFC) Mian Kashif Ashfaq for conducting 11th consecutive ‘Interiors Pakistan’ exhibitions successfully across the country to promote local furniture sector. Addressing the concluding ceremony of 3-day 11th “Interiors Pakistan Expo”, Abdul Razak… Continue reading Dawood congratulates PFC for successfully conducting consecutive 11th Interiors Pakistan’s exhibitions

ISLAMABAD, Nov 28 (APP):The Exploration and Production (E&P) companies, operating in different parts of the country, produced 89,030 Barrels per Day (BPD) oil, 3,935 Million Cubic Feet per Day (MMCFD) during the last fiscal year. “The total oil and gas production in the country for the year 2018-19 remained 89,030 BBL per day oil and… Continue reading E&P companies produce 89,030 BPD oil, 3,935 MMCFD gas in 2018-19

FAISALABAD, Nov 27 (APP)::German Ambassador to Pakistan Bernhard Schlagheck Wednesday said that Pakistan and Germany ties in academy, research and agriculture sector would be fostered to get benefit from each other experiences. He called on UAF Vice Chancellor Dr. Muhammad Ashraf and addressed the deans and directors at the Meeting Room. He underlined the importance… Continue reading Pak-German ties in academy, research, agriculture sector to be fostered: German Ambassador

ISLAMABAD, Nov 27 (APP):Leather Manufactures exports from the country during first quarter of current financial year grew by 10.41% as compared the exports of the corresponding period of last year. During the period from July-September 2019, Leather Manufactures worth $131,407 million was exported as compared to the exports of $119,018 million of same period of… Continue reading Leather Manufactures exports increases 10.41 %

ISLAMABAD, Nov 27 (APP):The Petroleum Division (PD) of Energy Ministry has operationalised the ease-of-doing-business strategy, introduced in line with the prime minister’s vision, to remove red-tapism in getting approval for investment and advancements in different fields of the hydrocarbons. “This sector has been divided into five key areas like oil and gas Exploration and Production… Continue reading Ease-of-doing-business strategy activated in petroleum sector

ISLAMABAD, Nov 27 (APP):Governor SBP has shared developments in financial inclusion and roadmap with special focus on gender mainstreaming with Queen Maxima of the Netherlands in her role as the United Nations, Secretary General’s Special Advocate (UNSGSA) for Inclusive Finance for Development. Queen Maxima of the Netherlands called on Governor State Bank of Pakistan (SBP)… Continue reading Governor SBP shares developments in financial inclusion, roadmap with Queen Maxima

ISLAMABAD, Nov 26 (APP):Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh on Tuesday briefed the Queen Maxima of Netherlands on the nature of public finance and mechanism for resource distribution between the centre and provinces. The adviser also presented details of allocation of funds and resources for protection of poor… Continue reading Dr. Hafeez Shaikh briefs Queen Maxima on economy, financial inclusion

ISLAMABAD, Nov 26 (APP):Minister for Economic Affairs Hammad Azhar Tuesday said Pakistan’s ease of doing business index jumped by 28 places in ranking of World Bank’s ease of doing business. By next year the country’s ranking would witness a steep climb next year, he said adding, from 2013 to 2018 Pakistan had lost 26 places… Continue reading Pakistan’s ease of doing business ranking to further improve next year: Hammad

ISLAMABAD, Nov 26 (APP):United Nations Secretary General’s Special Advocate for Inclusive Finance for Development Queen Maxima of the Netherlands on Tuesday said financial inclusion was pivotal to development of Pakistan which would create more opportunities for people. She said women and poor segment of Pakistan had great potential to reap the benefits of financial inclusion… Continue reading Financial inclusion pivotal to Pakistan development: Queen Maxima

ISLAMABAD, Nov 26 (APP):Pakistan earned $120.070 million by providing different travel services in various countries during the first quarter of the current financial year 2019-20. This shows growth of 19.99 percent as compared to $100.070 million same services were provided during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics (PBS) reported. During… Continue reading Pakistan’s earns $120 million from travel services’ export in first quarter

ISLAMABAD, Nov 26 (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… Continue reading Strategy afoot to construct gas storage facilities, increase oil stock capacity

ISLAMABAD, Nov 26 (APP):Rice exports from the country during first four months of current financial year grew by 43.76% as compared to the exports of the corresponding period of last year. During the period from July-October, rice worth $633.739 million exported as compared to the exports of $440.828 million of same period of last year,… Continue reading Rice exports increases 43.76% in four months

ISLAMABAD, Nov 25 (APP):Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Monday expressed the optimism that common man would shortly get the positive impacts of macroeconomic stability . He said that government was making strenuous efforts to achieve the set targets of national economic development during current financial year… Continue reading Impacts of macroeconomic stability to reach common man soon: Hafeez Shaikh

ISLAMABAD, Nov 25 (APP):Federal Minister for Planning, Development and Reform and Special Initiative, Asad Umar met with German Ambassador Bernhard Schlagheck for discussing bilateral relations here Monday. During the meeting they discussed mutual interest in bilateral relationships, particularly improving trade and enhancing investment for scope of German companies in Pakistan, said a statement issued here.… Continue reading Asad met German ambassador to discuss bilateral relations

ISLAMABAD, Nov 24 (APP):E-commerce can flourish in developing countries and in rural areas and be a powerful instrument to create employment for semi-skilled workers, women and other groups, according to a new report. The report jointly released by the World Bank and Alibaba Group, titled “E-Commerce Development: Experience from China”, is based on data and… Continue reading E-commerce creates jobs, reduces inequality in developing countries: report

LAHORE, Nov 24 (APP):Advisor to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood on Sunday said that the government was taking effective measures to increase exports for economic stability of the country through offering lucrative incentives to businessmen. Talking to the media during his visit to 11th mega “Interiors Pakistan”… Continue reading Govt taking steps to boost exports: Abdul Razak Dawood

ISLAMABAD, Nov 24 (APP):Advisor to the Prime Minister on Commerce and Textile Abdul Razak Dawood Sunday said the government was formulating a policy to increase exports and decrease imports for the economic stability of the country through offering lucrative incentives to industrialists and businessmen. He was speaking in a prize distribution ceremony at the concluding… Continue reading Govt taking steps to boost exports through offering incentives to businessmen: Razak Dawood