Category: Business

PESHAWAR, Sep 17 (APP):Political and financial experts here Tuesday said the opening of Torkhum border round the clock between Pakistan and Afghanistan would take the volume of bilateral trade and business to new height and would expedite pace of economic development between the two countries. The round the clock opening of the border was expected… Continue reading Opening of Torkhum border round the clock to take Pak-Afghan trade to new height: Experts

ISLAMABAD, Sep 17 (APP):Financial technologies, such as block-chain and artificial intelligence, can enhance the efficiency and availability of trade finance, especially for small and medium-sized enterprises (SMEs) in the Asia and Pacific region, according to a report launched on Tuesday by the Asian Development Bank (ADB) and the United Nations Economic and Social Commission for… Continue reading Digital technologies can facilitate access to trade finance in Asia-Pacific region: Report

ISLAMABAD, Sep 17 (APP):The World Wind Energy Association (WWEA) Pakistan in the wake of country’s emerging renewable energy market is going to organize a two-day Pakistan Renewable Energy Summit 2019 (PRES2019) to bring global companies, senior government officials, experts and academia at one platform to explore the country’s untapped energy potential. The WWEA with the… Continue reading PRES2019 to explore untapped renewable energy potential of Pakistan

KARACHI, Sep 17 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.60 156.10 EURO EUR 172.36 171.80 JAPANESE YEN JPY 1.4476 1.4429 BRITISH POUND GBP 194.37 193.72 SWISS FRANC CHF 157.89 157.36 CANADIAN DOLLAR CAD 118.16 117.77 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 16 (APP):All Pakistan Compressed Natural Gas Association (APCNGA) would explore ways and means for “private import” of the LNG at a three-day “Gastech 2019” international conference and exhibition, starting from September 17 in the Houston city of Texas, the second largest state of the United States of America (USA). “The association is participating… Continue reading APCNGA to explore LNG import possibilities at ‘Gastec-2019’ exhibition

ISLAMABAD, Sep 16 (APP):The government is confident to complete the land acquisition process for laying a 427-kilomter Machike-Tarujabba oil pipeline during the current fiscal year aimed at ensuring smooth supply chain of petroleum products from Karachi to Peshawar. “Besides, the land acquisition/ROW (Right of Way), the target has been set to start construction work on… Continue reading Land acquisition for 427-km Machike-Tarujabba oil pipeline to be completed this year

KARACHI, Sep 16 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.60 156.10 EURO EUR 173.1974 172.6437 JAPANESE YEN JPY 1.4473 1.4427 BRITISH POUND GBP 193.2323 192.6145 SWISS FRANC CHF 158.1299 157.6244 CANADIAN DOLLAR CAD 118.2483 117.8703 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 15 (APP):The federal government has so far released Rs 84.43 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 18.8 billion for federal… Continue reading Gov’t releases Rs 84.4 bn under PSDP 2019-20

LAHORE, Sep 14 (APP):Pak-American Business Council (PABC) delegation led by its President Jamal Meer and Punjab Minister for Industries and Trade Mian Aslam Iqbal discussed new industrial policy of the province, revival of cottage industry, steps taken for promotion of investment and ease of doing business here at Civil Secretariat on Saturday. During the meeting,… Continue reading PABC delegation discuss industrial matters with minister

LAHORE, Sep 14 (APP):Founder Chairman Pak-US Business Council and Senior Vice President SAARC Chamber Iftikhar Ali Malik Saturday urged the government to promote Small and Medium Enterprises (SMEs) on the pattern of developed countries to strengthen national economy and boost country’s overall exports. Talking to a delegation of traders here, Malik also highlighted the importance… Continue reading Govt must promote SMEs to pace up economic activities’

ISLAMABAD, Sep 13 (APP):The China Pakistan Economic Corridor (CPEC) review meeting Friday deliberated upon issues confronting different projects under CPEC decided to fast track their resolution for timely completion of all projects. Minister for Planning underlined the need for meeting the projects’ timelines and called for further gearing up the momentum in CPEC projects. The… Continue reading CPEC review meeting for removing bottlenecks of projects

ISLAMABAD, Sep 13 (APP):Founder Chairman Pak US Business Council and Senior Vice President SAARC Chamber Iftikhar Ali Malik Friday stressed the need of promoting Small and Medium Enterprises (SMEs) to meet economic challenges. Talking to a delegation of traders here, he also highlighted the importance of adopting a workable policy for upcoming entrepreneurs, easy access… Continue reading SAARC chamber stresses need of promoting SMEs to meet economic challenges

ISLAMABAD, Sep 12 (APP):Adviser to the Prime Minister on Commerce and Textile Abdul Razak Dawood Thursday announced that Ministry of Commerce is opening a Commercial Section in Pakistan’s Embassy in Addis Ababa, Ethiopian this year, to develop linkages between the businesses of the two countries. He elaborated the Look Africa Policy Initiative of the Ministry… Continue reading Govt to open Commercial Section in Pak embassy in Addis Ababa

ISLAMABAD, Sep 12 (APP):The TAPI Pipeline Company Limited (TPCL) is determined to achieve financial close of the multi-billion dollar Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in start of the year 2020. “Pakistan is committed to start practical work on its section of the pipeline at earliest and complete it within the stipulated time frame,” a senior… Continue reading Financial close of TAPI gas pipeline project likely in early 2020

KARACHI, Sep 12 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.75 156.25 EURO EUR 172.61 172.05 JAPANESE YEN JPY 1.4499 1.4452 BRITISH POUND GBP 193.30 192.67 SWISS FRANC CHF 157.75 157.22 CANADIAN DOLLAR CAD 118.94 118.55 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 12 (APP):Adviser to the Prime Minster on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood Wednesday said the government has taken strategic decision to facilitate investors by providing state of the art infrastructure in Sepecial Economic Zones (SEZs). He also assured facilitation to the investors from BOI, as the lead coordination… Continue reading Govt to facilitate investors by providing state of the art infrastructure in SEZs: Razak

ISLAMABAD, Sep 11 (APP):Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Wednesday said the Federal Board of Revenue (FBR) has cleared Rs 15.6 billion in sales tax refunds against 8,415 Refund Payment Orders (RPOs). In his tweet, the Advisor said that the payment of refunds would help enhancing the liquidity of… Continue reading FBR clears Rs 15.6 bn sales tax refunds: Hafeez Shaikh

PESHAWAR, Sep 11 (APP):The Chinese ambassador in Pakistan Yao Jing Wednesday welcomed the opening of 24/7 Torkham border by Pakistani authorities and termed it a good initiative to increase business in the coming days. He stressed that China want connectivity of the region through mutual agreed projects and non- confrontational strategies. He pointed out that… Continue reading Chinese envoy welcomes opening of 24/7 Torkham border; stresses mutually agreed projects

ISLAMABAD, Sep 11 (APP):Chairman Russian ExpoBank, a leading investment bank of the country, Igor Vladimirovich Kim, Wednesday expressed keen interest to invest in Pakistan’s financial sector. He expressed the interest of investing in financial sector of the country during his meeting with Federal Minister for Privatization Muhammad Mian Soomro and Chairman Board of Investment (BoI)… Continue reading Russian ExpoBank Shows Keen Interest to Invest in Pakistan’s Financial Sector

ISLAMABAD, Sep 11 (APP):Adviser to Prime Minister on Commerce, Textiles and Industries Abdul Razak Dawood Wednesday said trade diversification through engineering goods would increase the local exports for increasing revenue. He said through “Look Africa” policy, the government would facilitate the exporters to promote their engineering businesses in different untapped markets of African countries as… Continue reading Govt focusing on trade diversification in engineering goods to increase exports: Razak Dawood