Category: Business

ISLAMABAD, Oct 3 (APP):Senate Standing Committee on Commerce and Textile Industry Thursday stressed the need for eliminating under-voicing to check money-laundering through trade of IT equipment. The committee which met with Mirza Muhammad Afradi, was of the opinion that this would promote business and help economic development. It observed that the Customs Department of the… Continue reading Senate body for eliminating IT under-invoicing

KARACHI, Oct 03 (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 156.70 156.20 EURO EUR 171.70 171.15 JAPANESE YEN JPY 1.4626 1.4578 BRITISH POUND GBP 192.79 192.16 SWISS FRANC CHF 157.05 156.53 CANADIAN DOLLAR CAD 117.60 117.18 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Oct 3 (APP):Balochistan government has decided to initiate various development and public welfare projects in Gwadar, besides expediting the work on water projects to resolve the longstanding issue of drinking water in the city. Talking to APP, an official of the Balochistan government Thursday said that it was the provincial government plans to initiate… Continue reading Balochistan Govt kicks off development projects, expedites work water supply schemes in Gwadar

ISLAMABAD, Oct 3 (APP):Chief Executive Board of Investment Khyber Pakhtunkhwa, Hassan Dawood Bhat said Thursday that the electricity generation through China Pakistan Economic Corridor (CPEC) projects would reach to 11000 megawatt by the year 2026. Talking to APP here, he said that this would help cater to the increasing energy needs in future adding that… Continue reading CPEC energy projects to generate 11,000mw electricity by 2026

ISLAMABAD, Oct 02 (APP):Dutch Ambassador Wouter Plomp on Wednesday said nine Dutch companies had shown interest for investment in poultry and livestock sector in Pakistan. Two out of those were pharmaceutical companies dealing with poultry and livestock vaccine and “we are looking forward to materialize the objectives of investment in the agro sector in Pakistan,”… Continue reading Dutch companies keen to invest in Pakistan: Envoy

ISLAMABAD, Oct 2 (APP):The federal government has so far released Rs102.935 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 28.813 billion for federal ministries,… Continue reading Gov’t releases Rs102.935 bln under PSDP 2019-20

KARACHI, Oct 02 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 156.65 156.15 EURO EUR 171.38 170.78 JAPANESE YEN JPY 1.4523 1.4476 BRITISH POUND GBP 192.51 191.86 SWISS FRANC CHF 157.75 157.23 CANADIAN DOLLAR CAD 118.57 118.19 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Oct 1 (APP):The exports of raw cotton from the country during first two months of current financial year witnessed about 152.33% increase as compared the corresponding period of last year. During the period from July-August, 2019 about 5,337 metric tons of raw cotton valuing $8.229 million exported as compared the exports of 2,240 metric… Continue reading Raw cotton exports post 152.33%, $8.229 mln fetched in two months,

KARACHI, Oct 01 (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 156.65 156.15 EURO EUR 170.59 170.00 JAPANESE YEN JPY 1.4471 1.4423 BRITISH POUND GBP 192.49 191.81 SWISS FRANC CHF 156.82 156.26 CANADIAN DOLLAR CAD 118.24 117.85 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 30 (APP):Pakistan and Germany on Monday agreed to work closely for facilitation of business community by enhancing transfer of technology, establishment of joint ventures and trade delegations. The agreement was reached during a meeting between Ambassador of Germany to Pakistan, Bernhard Stephan Schlagheck and Federal Minister for Economic Affairs, Muhammad Hammad Azhar. According… Continue reading Pakistan, Germany to work closely for facilitation of business community

ISLAMABAD, Sep 30 (APP):Oil and Gas Development Company Limited (OGDCL) has carried out 1,324 Line-KMs 2D and 620 Sq. KMs 3D surveys in its operational areas during the last fiscal year, which represented 63 percent and 41 percent, respectively of the total seismic data acquisition in the country. “Besides, it contributed 29 percent of the… Continue reading OGDCL carries out 1,324 Line-KMs 2D, 620 Sq.KMs 3D surveys

ISLAMABAD, Sep 30 (APP):President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Engineer Daroo Khan Achakzai Monday greeted the all newly elected office bearers of regional chambers across the country. Talking to SAARC Chamber Senior Vice President and Chairman United Business Group (UBG) Iftikhar Ali Malik declared that the UBG supported candidates and alliances… Continue reading FPCCI greets all newly elected office bearers of regional chambers

ISLAMABAD, Sep 30 (APP):Pakistan Furniture Council (PFC) Monday congratulated newly-elected office-bearers of Lahore Chamber of Commerce and Industry (LCCI) in annual elections. In a message issued here, PFC Chief Executive Mian Kashif Ashfaq also extended great wishes and expressed his hope that the newly elected office bearers would safeguard the interests of business community.

KARACHI, Sep 30 (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 156.70 156.20 EURO EUR 171.32 170.77 JAPANESE YEN JPY 1.4521 1.4473 BRITISH POUND GBP 192.55 191.91 SWISS FRANC CHF 158.09 157.52 CANADIAN DOLLAR CAD 118.37 117.95 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Sep 29 (APP):With the entrance of new player in online cab sector, the well-known companies like Careem and Uber would have to brace for more challenges due to their fast-losing popularity among commuters and poor operations. Recently, a ride-hailing service (Buraq Taxi) has entered the country’s market announcing 10 percent discount for students, teachers,… Continue reading Lackluster performance of old ride-hailing services gives space to new entrant

ISLAMABAD, Sep 29 (APP):Central Directorate of National Savings (CDNS) has said that the investors of Rs 40,000 prize bonds have withdrawn Rs180 billion by September 23, out of overall reserve of Rs 259 billion investments in CDNS in these prize bonds. After the decision taken by the Federal government, CDNS had discontinued the specific bond… Continue reading Rs 40,000 Prize Bonds Worth Rs 180 Billion Withdrawn By Sep, 23

ISLAMABAD, Sep 28 (APP):The government has released Rs275.639 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2019-20). The government, in its Federal PSDP, had earmarked Rs1918.238 million for the Revenue Division projects, with foreign exchange component of Rs250 million, according to… Continue reading Govt releases Rs 275.6m for Revenue Division projects

ISLAMABAD, Sep 28 (APP):Rice exports from the country during first two-month of current financial year grew by 48.64% as compared the exports of the corresponding period of last year. About 590,053 metric tons of rice valuing $322.836 million exported from July-August,2019 as compared the exports of 399,633 metric tons worth of $223.918 million of same… Continue reading Rice worth $322.836 million exported in two months

ISLAMABAD, Sep 27 (APP):Minister for Planning, Development and Reform Mukhdum Khusro Bakhtyar said that the incumbent Government has provided new impetus to accelerate the pace and implementation of China Pakistan Economic Corridor (CPEC) projects. He underlined that bottlenecks related to CPEC projects were being resolved on top priority for their timely completion. The Minister was… Continue reading CPEC related bottlenecks being resolved on priority: Khusro Bakhtyar

ISLAMABAD, Sep 27 (APP):Oil and Gas Regulatory Authority (OGRA) Friday forwarded a summary to the Petroleum Division to reduce prices of POL products for the month of October. As per the summary, the authority has suggested Rs3.23 decrease in per liter price of High Speed Diesel, Rs2.55 in Petrol (Motor Spirit) and Rs2.41 in Light… Continue reading OGRA suggests reduction in POL prices from Oct 1