Category: Business

NEW YORK, Sep 05 (APP):Sindh Governor Imran Ismail, who is currently on a visit to the United States at the head of a businessmen delegation, has briefed American businessmen and officials in Washington about Pakistan government’s economic priorities to deal with the challenges and get on the path of sustainable progress and prosperity, according to… Continue reading Sindh Governor Ismail discusses trade expansion with US business leaders, officials

ISLAMABAD, Sep 5 (APP):Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh on Thursday said agriculture was the main engine of economic growth and the government wanted to focus to enhance the this sector in the country. He said the government not merely saw agriculture as providing the main pivot to the… Continue reading Agriculture main engine of economic growth: Dr Hafeez Shaikh

KARACHI, Sep 05 (APP):State Bank of Pakistan (SBP), in its flagship annual publication titled “Financial Stability Review calendar year 2018” issued here on Thursday, said the macroeconomic imbalances impacted some segments of financial sector. The review presents performance and risk assessment of various segments of the financial sector including banking, non-banking financial institutions, financial markets,… Continue reading Macroeconomic imbalances impact financial sector : SBP

ISLAMABAD, Sep 4 (APP):The federal government has announced Export Facilitation Scheme in order to boost exports from Pakistan for increasing the trade volume of the country. In this regard, a high level meeting was convened under the Chairmanship of Chairman Federal Board of Revenue (FBR) Shabbar Zaidi in FBR House, said a press release issued… Continue reading FBR inaugurates automation of Customs Export Facilitation Schemes

ISLAMABAD, Sep 4 (APP):The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday underlined the need for reducing markup rate to boost trade, industry and economy. Talking to a delegation of leading industrialists and traders led by Chairman United Business Group Iftikhar Ali Malik, FPCCI President Engineer Daroo Khan Achakzai said the apex… Continue reading FPCCI for reducing markup rate to boost economy

ISLAMABAD, Sep 4 (APP):The exports of vegetables, leguminous vegetables from the country during first month of current financial year had witnessed about 59.79% increase as compared the corresponding period of last year. During the month of July, 2019, vegetables and leguminous vegetables (pulses) worth US$ 23.630 million exported as against the exports of US$ 14.788… Continue reading Vegetables worth US$23.630 mln, fruits US$48.301 mln exported

ISLAMABAD, Sep 4 (APP):The ratio of women workforce has been contributing with estimated figure of 30.14 percent, showing their very low ratio in economic growth of the country. According to the report of International Labour Force (ILO), women comprised of 70% of total population of the country, out of which only 22% to 30% have… Continue reading 30% women workforce contributes in national economy: Report

MULTAN, Sept 4 (APP)-:Small and Medium Enterprise Development Authority (SMEDA) in-collaboration with e-Library organized an awareness session on “Kamyab Jawan Programme” initiated by incumbent government to offer easy loans to skilled youth to enable them run their own business. In-charge SMEDA, Multan Region, Sana Burana while addressing the awareness session said that incumbent government was… Continue reading Low mark-up loans for youth under ‘Kamyab Jawan Programme’

ISLAMABAD, Sep 4 (APP):The Asian Development Bank (ADB) will partner with three winning teams from a hackathon hosted by the bank in partnership with the Asian Institute of Management (AIM) from 31 August to 2 September. ADB and AIM held the competition as part of Digital Week 2019 taking place from 2 to 5 September, said ADB… Continue reading ADB launches new partnerships to support innovative solutions

ISLAMABAD, Sep 4 (APP):A stubbornly high $1.5 trillion global trade finance gap is holding back efforts to deliver vital jobs and growth amid ongoing economic uncertainty, according to the latest Trade Finance Gap, Growth, and Job Survey, released by the Asian Development Bank (ADB). Small and medium-sized enterprises (SMEs) face the biggest challenges obtaining trade finance,… Continue reading $1.5 trillion global trade finance gap frustrating efforts to deliver crucial jobs and growth: ADB

ISLAMABAD, Sep 03 (APP):The federal government has released Rs 360 million for preliminary design for up-gradation and rehabilitation of main line (ML-1) railway project and establishment of dry-port, near Havelian under Public Sector Development Programme (PSDP) 2019-120. The railway project is an important strategic part of China Pakistan Economic Corridor (CPEC) and the government had… Continue reading Gov’t releases Rs 360 mln for CPEC ML-1 railway project

KARACHI, Sep 03 (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 156.90 156.50 EURO EUR 171.63 171.98 JAPANESE YEN JPY 1.4761 1.4742 BRITISH POUND GBP 188.81 188.18 SWISS FRANC CHF 158.13 157.61 CANADIAN DOLLAR CAD 117.59 117.20 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 3 (APP):Adviser to Prime Minister on Commerce and Textile, Industries and Production and Investment, Razak Dawood Tuesday said that expansion of industrial base was the need of the hour for industrial growth, competitive import substitution, export enhancement, employment generation and revenue generation. Addressing the business delegation, Razak Dawood said by introducing, business reforms… Continue reading Business Reforms to boost industrial growth in country: Razak Dawood

ISLAMABAD, Sep 3 (APP):Federal Board of Revenue (FBR) Chairman Shabbar Zadi Monday said the government was trying to broaden the tax network by imposing tax on private medical practitioners, schools and others non-tax paying sectors. Talking to a private new channel, he said the imports had reduced by $ 1.79 billion during the first two… Continue reading Govt to broaden tax net: Chairman FBR

SIALKOT, Sept 02 (APP)::The Asian Development Bank (ADB) has assured its full cooperation to Sialkot exporters to help establish the export industry on modern lines. Sunny Tang, team leader of the ADB, gave this assurance while addressing a meeting of leading exporters at Sialkot Chamber of Commerce and Industry (SCCI) here. SCCI SVP Waqas Akram… Continue reading ADB promises all help to Sialkot exporters

ISLAMABAD, Sep 2 (APP):Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar Monday said a draft had been prepared to separate functions of policymaking, regulation and administration of the Exploration and Production (E&P) sector contracts. Addressing the launching ceremony of Pakistan Energy Outlook-2019 here, he said this initiative would help streamline matters related to… Continue reading Policymaking, regulation of E&P contracts being separated: Nadeem Babar

KARACHI, Sep 02 (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 157.00 156.50 EURO EUR 172.56 171.98 JAPANESE YEN JPY 1.4791 1.4742 BRITISH POUND GBP 190.91 190.27 SWISS FRANC CHF 158.59 158.08 CANADIAN DOLLAR CAD 117.92 117.50 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 01 (APP):The government has so far released Rs76.149 million for various ongoing and new projects of Industries and Production Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2019-20). The Pakistan Tehreek-e-Insaf government, in its Federal PSDP 2019-20, had earmarked Rs 2343.293 million for the Industries and Production Division… Continue reading Govt releases over Rs 76 m for Industries Division projects

ISLAMABAD, Aug 31 (APP):The federal government has so far released Rs 51.110 billion out of the total allocation of Rs 701 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20. The amount released included Rs 13.587 billion for federal ministries, Rs 2.698 billion for corporations, and… Continue reading Govt releases Rs 51.110 b for development projects

ISLAMABAD, Aug 30 (APP):Pakistan and China have agreed to fast track implementation of industrial cooperation under China Pakistan Economic Corridor, utilizing Chinese experiences to ensure speedy development of special economic zones in Pakistan. It was decided in a meeting at Board of Investment (BoI) jointly chaired by Secretary BoI, Omer Rasul and Deputy Director General… Continue reading BOI emphasizes on G2G framework to give firm push to Industrial cooperation under CPEC