Finance adviser forms committee to rectify anomalies in budget

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ISLAMABAD, June 20 (APP):Adviser to Prime Minister on Finance Dr Abdul Hafeez Sheikh Thursday constituted a high powered committee to rectify anomalies in the federal budget for addressing the legitimate grievances of the business community boosting up the economic and trade, besides ease of doing business. An 18-member delegation of Federation of Pakistan Chambers of… Continue reading Finance adviser forms committee to rectify anomalies in budget

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NBP Exchange Rates

KARACHI, Jun 20 (APP):Treasury Management Division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 157.30 156.80 EURO EUR 177.28 176.71 JAPANESE YEN JPY 1.4615 1.4568 BRITISH POUND GBP 199.56 198.91 SWISS FRANC CHF 158.86 158.33 CANADIAN DOLLAR CAD 118.81 118.43… Continue reading NBP Exchange Rates

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Pakistan’s exports to USA increase 3.69pc to 4714 mln

ISLAMABAD, Jun 20 (APP):Pakistan’s exports of goods and services to United State of America grew by 3.69 percent during the first 10 months of the current fiscal year compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports of goods and services to USA were recorded at $4714.475… Continue reading Pakistan’s exports to USA increase 3.69pc to 4714 mln

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Govt taking possible measures to promote furniture export-led growth: Abdul Razak Dawood

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ISLAMABAD, Jun 19 (APP):Advisor to Prime Minister on Commerce, Textiles, Industries Production and Investment, Abdul Razzaq Dawood Wednesday said that the incumbent government was taking all possible measures to promote regional trade and export-led growth of economy including furniture to bring the country out of quagmire of the multiple crises. He expressed these views while… Continue reading Govt taking possible measures to promote furniture export-led growth: Abdul Razak Dawood

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Finance advisor to meet with FPCCI for removal of anomalies in budget

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ISLAMABAD, June 19 (APP):Advisor to Prime Minister on Finance Abdul Hafeez Sheikh Wednesday invited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to work out strategy to remove anomalies in the budget besides addressing the genuine grievances of the business community to help accelerate the economic activities in the country. The Founder President Pak-US… Continue reading Finance advisor to meet with FPCCI for removal of anomalies in budget

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Over Rs 406 mln released for Industries production projects

ISLAMABAD, Jun 19 (APP):The government has so far released an amount of Rs 406.930 million for various projects of the Industries and Production Division under the Public Sector Development Programme PSDP 2018-19) against the total allocation of Rs769.999 million earmarked for the current fiscal year.

Services trade deficit contracts over 36.2%

ISLAMABAD, Jun 19 (APP):The country’s services trade deficit narrowed by 36.2 per cent during the first ten months of the current fiscal year compared to the corresponding period of last year. The services trade deficit during July-April (2018-19) was recorded at US$ 3.216 billion against the deficit of US$ 5.041 billion during July-April (2017-18), showing… Continue reading Services trade deficit contracts over 36.2%

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NBP Exchange Rates

KARACHI, Jun 19 (APP):Treasury Management Division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 157.30 156.80 EURO EUR 176.10 175.46 JAPANESE YEN JPY 1.4504 1.4452 BRITISH POUND GBP 197.65 196.94 SWISS FRANC CHF 157.22 156.64 CANADIAN DOLLAR CAD 117.61 117.19… Continue reading NBP Exchange Rates

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Govt releases Rs 797.7 mln for Revenue Division projects

ISLAMABAD, Jun 19 (APP):The government has so far released Rs 797.7 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2018-19). The government, in its Federal PSDP, had earmarked Rs 1470.2 million for the Revenue Division projects, with foreign exchange component of… Continue reading Govt releases Rs 797.7 mln for Revenue Division projects

Assets Declaration Ordinance laid in National Assembly

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ISLAMABAD, Jun 18 (APP):Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Tuesday laid the Assets Declaration Ordinance 2019 in the National Assembly. After the start of sitting at 5:10 pm against the scheduled time of 4:00 pm, the Advisor to the Prime Minister on Finance, Revenue and… Continue reading Assets Declaration Ordinance laid in National Assembly

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KP unveils Rs900bn surplus budget 2019-20 carrying Rs319 development outlay with no new tax

PESHAWAR, Jun 18 (APP):Provincial Finance Minister Khyber Pakthunkhwa Taimur Khan Jhagra Tuesday presented Rs900 billion tax free surplus budget for the year 2019-20, carrying Rs319blliion development program, promising fast pace development of the province with record allocations. Presenting the annual budget in the KP Assembly amid uproar by the opposition benches protesting non issuance of… Continue reading KP unveils Rs900bn surplus budget 2019-20 carrying Rs319 development outlay with no new tax

Govt urged for addressing business concerns over new load axle regime

ISLAMABAD, June 18 (APP):Islamabad Chamber of Commerce and Industry (ICCI) Tuesday urged the government for address the concerns of business community on the implementation of new axle load regime under National Highway Safety Ordinance 2,000. The business community was the view that sudden implementation new regime has significantly enhanced the transportation cost for businesses and… Continue reading Govt urged for addressing business concerns over new load axle regime

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KP Govt bans foreign visits, treatment abroad by cabinet members: KP Information Minister

PESHAWAR, Jun 18 (APP):Khyber Pakhtunkhwa Minister for Information Shaukat Yousafzai Tuesday said the provincial government had proposed ban on foreign visits and treatment abroad by cabinet members. Talking to media persons here, he said that as part of austerity measures, the provincial government had also reduced salaries of cabinet members by 12 per cent, adding… Continue reading KP Govt bans foreign visits, treatment abroad by cabinet members: KP Information Minister

Pakistan, WB sign $918 mln loan agreements to support revenue mobilization, higher education

ISLAMABAD, Jun 18 (APP):Pakistan and World Bank (WB) Tuesday signed three loan agreements worth US$ 918 million to help support revenue mobilization and higher education development in the country. The agreements were signed by Secretary, Economic Affairs Division, Noor Ahmed on behalf of federal government, WB Country Director and World Bank, Patchamuthu Illangovan while the… Continue reading Pakistan, WB sign $918 mln loan agreements to support revenue mobilization, higher education

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NBP Exchange Rates

KARACHI, Jun 18 (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 157.30 156.80 EURO EUR 176.68 176.11 JAPANESE YEN JPY 1.4526 1.4479 BRITISH POUND GBP 196.99 196.35 SWISS FRANC CHF 157.70 157.17 CANADIAN DOLLAR CAD 117.36 116.95 AUSTRALIAN… Continue reading NBP Exchange Rates

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Pak-China agree to expedite work on Sukkur-Hyderabad Motorway

ISLAMABAD, Jun 17 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar and Ambassador of China Yao Jing during a meeting here on Monday agreed to expedite the work on Eastern Corridor from Sukkur to Hyderabad in BOT (Build, Operate, and Transfer) mode for its early completion. The two dignitaries expressed satisfaction over the pace… Continue reading Pak-China agree to expedite work on Sukkur-Hyderabad Motorway

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NBP Exchange Rates

KARACHI, Jun 17 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Sellinag TT Buying U.S DOLLAR USD 156.95 156.45 EURO EUR 176.11 175.54 JAPANESE YEN JPY 1.4453 1.4405 BRITISH POUND GBP 197.73 197.06 SWISS FRANC CHF 157.08 156.51 CANADIAN DOLLAR CAD 117.07 116.66 AUSTRALIAN… Continue reading NBP Exchange Rates

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FPCCI forms committee to help remove anomalies and address grievances of traders in budget

ISLAMABAD, Jun 17 (APP):Federation of Pakistan Chamber and Commerce and Industry (FPCCI) has constituted a high level 17-member committee to help removal anomalies and address the genuine grievances of the traders in the federal budget. FPCCI chief Eng Daroo Khan Achakzai announced that Chairman United Business Group Iftikhar Ali Malik would head the committee and… Continue reading FPCCI forms committee to help remove anomalies and address grievances of traders in budget

Eqaul development across Punjab pivotal of budget: Hashim Jawan

LAHORE, June 15 (APP)::Provincial Finance Minister Makhdoom Hashim Jawan Bakhat said on Saturday that equal development across Punjab, social protection and human resource development were the pivotal of provincial budget 2019-20. Addressing the post budget press conference here, he added that budget 2019-20 was based on Punjab Growth Strategy 2018-23 providing leading principles to Punjab… Continue reading Eqaul development across Punjab pivotal of budget: Hashim Jawan

Kartarpur Coridor to be completed on time: Khusro

ISLAMABAD, June 14 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar Friday said the government would timely complete the Kartapur Corridor to provide easy access to Sikh devotees besides promoting religious tourism. He was chairing a meeting on development of Gurdwara Kartarpur Corridor here. Secretary Planning Zafar Hasan, Secretary Religious Affairs, Director General FWO… Continue reading Kartarpur Coridor to be completed on time: Khusro

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