Category: Business

KARACHI, Nov 07 (APP):The total liquid foreign reserves held by the country stood at US$15,517.9 million on November 01, 2019, says a weekly report issued by the State bank of Pakistan (SBP) here on Thursday. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the SBP : US$ 8,357.6… Continue reading Pakistan’s Liquid Foreign Reserves Position

ISLAMABAD, Nov 7 (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 7 (APP):The Ministry of Planning Development and Reforms has so fare given the authorization of release Rs3.991 billion for various agriculture sector development projects under PM Agriculture Emergency Program for the uplift of agriculture and livestock sectors in the country under Public Sector Development Program 2019-20. According the latest data of PSDP releases,… Continue reading Govt releases Rs3.991 billion for agriculture development projects under PM Agriculture Emergency Program

ISLAMABAD, Nov 7 (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 7 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during first quarter of financial year (2019-20), followed by China and United Kingdom (UK). The total exports to the USA during July-September (2019-20) were recorded at $1053.630 million against the exports of $1004.641 million during July-September (2018-19),… Continue reading USA, China, UK top three destinations of Pakistani exports: SBP

ISLAMABAD, Nov 7 (APP):Adviser to Prime Minister on Commerce, Industries, Textile and Investment on Thursday said that Pakistani exports to China would increase considerably after the implementation of second phase of China Pakistan Free Trade Agreement (CPFTA) by December 1, 2019. During interview with China Economic Net, he said that China International Import Expo (CIIE)… Continue reading Pak exports to China increases after execution of CPFTA-II: Razak

ISLAMABAD, Nov 06 (APP):Chairman, Board of Investment Zubair Gilani Wednesday said that the government was working to ease existing business regulatory laws for better investment promotion in the country. He said that loopholes in business laws and regulations would be plugged that would facilitate the growth of business and investment in the country. He was… Continue reading Govt working on ease of business regulatory laws

ISLAMABAD, Nov 6 (APP):The Adviser to Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood has called for an immediate resolution of the deadlock on the World Trade Organization (WTO) appellate body and emphasized upon the need for functioning dispute settlement mechanism for the system, particularly for developing countries. He underscored the… Continue reading Razak for resolution of deadlock on WTO appellate body

ISLAMABAD, Nov 6 (APP):The Government of Japan has decided to provide financial assistance of US $ 60,613 for a street pavement project in Union Council Beer, Haripur District. The grant will be provided to Badban Enterprises Development Forum- a local non-government organization in Haripur district said a statement issued from embassy of Japan in Islamabad… Continue reading Japan approves grant $ 60,613 for Social Development Project

ISLAMABAD, Nov 6 (APP):Pakistan Agriculture Research Council in collaboration with SAARC Agriculture Center and Asian Farmers Association (AFA) organized a 3-day workshop to strengthen community-based seed systems for improving food and nutrition security in the country. The workshop was held at the National Agriculture Research Center (NARC), aiming at to discuss the ways and means… Continue reading NARC organizes 3-day workshop on community-based seed system

ISLAMABAD, Nov 6 (APP):Ambassador of Qatar to Pakistan, Saqr Bin Mubarak said Wednesday that the Qatri investors were keen to invest in hotel and real-estate industry of Pakistan. The Ambassador was talking to Prime Minister’s Advisor on Finance and Revenue, Dr. Abdul Hafeez Shaikh during a meeting here Wednesday, said a press statement issued by the… Continue reading Qatari investors keen to invest in hotel, real-estate industry: Ambassador

ISLAMABAD, Nov 06 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday gave approval to many proposals, including raise of finance facilities for the Ministry of Energy for adjustments and import of used vehicles. The ECC meeting, which was chaired by Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, approved a… Continue reading ECC approves Rs136 bln finance facilities of Energy Ministry

ISLAMABAD, Nov 05 (APP):Federal Minister for Planning, Development and Refomrs Makhdum Khusro Bakhtyar on Tuesday said the government had taken several important decisions that paved way for finalization of Gwadar Master Plan and preliminary design of ML-1 project, operationalization of Gwadar Port and free zone. “We made steady progress in resolution of matters regarding finalization… Continue reading Govt takes steps to finalize Gwadar Master Plan, ML-1 project: Khusro Bakhtyar

ISLAMABAD, Nov 5 (APP):The exchange rate of Pakistani rupee against US dollar remained stable at Rs155.64 in the interbank on Tuesday, State Bank of Pakistan (SBP) reported. However, the SBP reported that in interbank the price of Euro depreciated by Rs 0.49 and was traded at Rs 173.19 against the last closing of Rs 173.68.… Continue reading Rupee stands stable against dollar

ISLAMABAD, Nov 5 (APP):The Pakistan Stock Exchange (PSX) index witnessed an increase of 980.7 points during the first two trading days of the current week, depicting investors’ confidence over the business environment and their rejection of ‘dharnas and marches’ On Tuesday, the KSE-100 witnessed increase of 80.85 points and touched the benchmark of 35358.31 points… Continue reading Investors’ confidence bumps psx up 980 points to 35,358 points in two days

ISLAMABAD, Nov 5 (APP):Pakistan was looking into possibilities of producing diesel from coal to bring down oil import bill, achieve self-sufficiency in this sector and encourage consumption of locally produced fuel. “We have a lot of interest to develop diesel from Thar coal and want Chinese assistance in that regard,” a senior official privy to… Continue reading Pakistan looks into possibilities of diesel production from coal

FAISALABAD, Nov 04 (APP)::Spanish Ambassador Manuel Duran has said that Pakistan and Spain must exploit their potentiality to give a quantum jump to bilateral trade. Addressing a function at Faisalabad Chamber of Commerce and Industry (FCCI) here on Monday, he said that undisputedly Faisalabad was industrial, commercial and business hub of Pakistan. Being a textile… Continue reading Spanish envoy stresses exploiting trade potential with Pakistan

ISLAMABAD, Nov 4 (APP):The government is planning to upgrade Pakistan Refinery Limited (PRL) with an estimated cost of $ 1 billion aims at achieving self-sufficiency in the refining sector and bringing down the oil import bill. “We have offered the Chinese government to participate in the PRL up-gradation project, and Chinese companies are interested in… Continue reading Govt plans up-gradation of Pakistan Refinery Limited with $1 billion cost

ISLAMABAD, Nov 03 (APP):The first private shipment, carrying around 130,000 cubic meter Liquefied Natural Gas (LNG), is likely to arrive at Karachi by end of the current month, Chief Executive Officer of Universal Gas Distribution Company (UGDC) Ghiyas Abdullah Paracha said. “We have recently signed deals with world leading companies ExxonMobil and Trafigura for supply… Continue reading First private LNG shipment likely to arrive by month end

ISLAMABAD, Nov 02 (APP):The bullish trend dominated the Pakistan Stock Exchange (PSX) throughout the week ending on Friday, November 1, as the KSE-100 index collectively witnessed increase of 342.09 points since the beginning of the trade on Monday. The KSE-100 index touched the figure of 34203.68 points on Friday after passing through mixed trends, mostly… Continue reading Bulls rule PSX, week-long trade concludes with growth of 342.09 points