Category: Business

ISLAMABAD, Oct 11 (APP):Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi on Friday said that Dubai Land Department would formally provide details of Pakistani owners of Dubai Properties. In a tweet, the FBR Chairman said that a very productive meeting had been held in Dubai on October 9 and 10 on the matter of… Continue reading FBR to get info about Pakistani owners of Dubai properties: Shabbar Zaidi

ISLAMABAD, Oct 10 (APP):Pakistan and Germany Thursday signed an agreement for technical assistance under the Pakistan-Germany Development Programme worth Euro 23.4 Million, equivalent to PKR 3.9 Billion. The Technical Cooperation Agreement was signed by Secretary, Economic Affairs Division, Noor Ahmed and Ambassador of Germany to Pakistan, Bernhard Stephan Schlagheck. Federal Minister for Economic Affairs, Muhammad… Continue reading Germany to provide Euro 23.4mln technical assistance for social & technical sectors

ISLAMABAD, Oct 10 (APP):The government, under its Public Sector Development Program (PSDP) for the fiscal year 2019-20 has released an amount of Rs2,092 million for different agriculture sector development projects initiated under ‘Prime Minister Agriculture Emergency Program’ for the uplift of agriculture and livestock sectors to alleviate poverty from the country. The Planning Commission of… Continue reading Over Rs2,092 mln released for projects under PM Agriculture Emergency Program

KARACHI, Oct 10 (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 156.60 156.10 EURO EUR 172.13 171.54 JAPANESE YEN JPY 1.4572 1.4525 BRITISH POUND GBP 191.51 190.86 SWISS FRANC CHF 157.45 156.88 CANADIAN DOLLAR CAD 117.60 117.21 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Oct 9 (APP):The government has so far released Rs 2,409.503 million for several agriculture uplift projects under its Public Sector Development Program (PSDP) for financial year 2019-20 as against the total allocation of Rs12,047.516 million for the current financial year. The amount was released for the completion of several on-going development projects, besides new… Continue reading Govt releases Rs 2,490.503 million under PSDP 2019-20 for food security projects

ISLAMABAD, Oct 6 (APP):Pakistan and Japan are looking for increasing bilateral cooperation in agricultural-based industry and value addition as Japan has already announced grant aid to enhance productivity and capacities in relevant agricultural fields. Recently Japan has announced a grand aid of $ 5.2 million to support Agri-Food and Agro-Industry development in the country’s Khyber… Continue reading Pakistan, Japan cooperating to promote agro-based industry

KARACHI, Oct 09 (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 156.75 156.25 EURO EUR 171.85 171.30 JAPANESE YEN JPY 1.4627 1.4579 BRITISH POUND GBP 191.51 190.88 SWISS FRANC CHF 157.84 157.27 CANADIAN DOLLAR CAD 117.71 117.32 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Oct 8 (APP):Adviser to Prime Minister on Commerce, Textile, Industries, Production, and Investment, Razak Dawood Tuesday said Draft Mobile Device Manufacturing Policy aims to develop and promote mobile devices manufacturing industry in the country. He said through Electronic Products Manufacturing Initiative, “We can promote ‘Made in Pakistan’ scheme for the growth in manufacturing, a… Continue reading Draft Mobile Device Manufacturing Policy to develop mobile industry in Pakistan: Razak Dawood

ISLAMABAD, Oct 08 (APP):Azerbaijan on Tuesday offered Pakistan to supply Liquefied Natural Gas (LNG) on the long term basis and expressed interest in infrastructure development of the commodity especially oil and gas exploration activities. A delegation of Azerbaijan, led by Ambassador Ali Alizada, expressed the keenness during a meeting with Minister for Petroleum Omar Ayub… Continue reading Azerbaijan offers LNG supply on long term basis to Pakistan

ISLAMABAD, Oct 8 (APP):Pakistan Furniture Council (PFC) will participate in 3-day Made in Pakistan Expo Baku starting from October 28 in Azerbaijan for promoting the furniture exports. PFC Chief Executive Mian Kashif Ashfaq while chairing a meeting of furniture exporters Tuesday said that Pakistani businessmen have shown keen interest in the exhibition and have high… Continue reading PFC to participate in 3-day ‘Make in Pakistan Expo’ in Baku

ISLAMABAD, Oct 8 (APP):President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Engineer Daroo Khan Achakzai Tuesday welcoming NAB Chairman’s assurance for non interference into business community affairs said it would restore confidence of the foreign and local investors to keep the production-wheel rolling and improve precarious condition of the country’s bleak economy. In… Continue reading FPCCI welcomes NAB Chairman announcement for non interference into business community affairs

KARACHI, Oct 08 (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 156.75 156.25 EURO EUR 172.03 171.45 JAPANESE YEN JPY 1.4599 1.4549 BRITISH POUND GBP 192.74 192.09 SWISS FRANC CHF 157.45 156.92 CANADIAN DOLLAR CAD 117.91 117.50 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Oct 7 (APP):The cutlery exports from the country witnessed an increase of 21.21 percent during the first two months of current financial year 2019-20 as compared to the corresponding period of last year. Pakistan exported cutlery goods worth $16.856 million during July-August (2019-20) against the exports of $13.907 million during July-August (2018-19), showing an… Continue reading Cutlery export increase over 21pc to $16 mln

ISLAMABAD, Oct 7 (APP):The imports of palm oil into the country during first two months of current financial year reduced by 29.77%, where as soyabean increased by 122.45% respectively as compared the corresponding period of last year. During the period from July-August, 2019 about 33,325 metric tons of soyabean oil worth $23.164 million imported to… Continue reading Palm oil import decreases 29.77%, soyabean increases 122.45% in two months

ISLAMABAD, Oct 7 (APP):The Asian Development Bank (ADB) has approved $200 million for Pakistan as additional financing to help and support the governments flagship social protection program, the Benazir Income Support Program (BISP). The BISP supports more than 5 million eligible families across the country through over $3.6 billion in total cash transfers disbursed so… Continue reading ADB approves $200 million for Pakistan to support its social safety network

KARACHI, Oct 07 (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 156.75 156.25 EURO EUR 172.12 171.56 JAPANESE YEN JPY 1.4673 1.4626 BRITISH POUND GBP 193.20 192.57 SWISS FRANC CHF 157.47 156.91 CANADIAN DOLLAR CAD 117.67 117.28 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Oct 06 (APP):Pakistan and Japan have agreed to further negotiate on signing of Memorandum of Understanding (MoU) for export thousands of skilled labor from Pakistan to Japan. Japan has decided to open the labor market in 14 different sectors, including construction, nursing care, agriculture, manufacturing and light engineering and other sectors, Minister and Deputy… Continue reading Pakistan, Japan agree to sign MoU on manpower export

KARACHI, Oct 04 (APP):Chinese Ambassador to Pakistan Yu Jing Friday emphasized that China Pakistan Economic Corridor was essence of bilateral long term relations between China and Pakistan. CPEC would develop infrastructure in Pakistan. He was speaking at a dialogue on China Pakistan Economic Corridor (CPEC) hosted by the Karachi Council on Foreign Relations (KCFR) at… Continue reading CPEC essence of bilateral relations between China, Pakistan: Ambassador Yu Jing

ISLAMABAD, Oct 4 (APP):During the recent visit to the USA, Prime Minister Imran Khan and his delegation, including Adviser on Finance Dr Abdul Hafeez Shaikh, Adviser on Commerce Razak Dawood and Governor State Bank of Pakistan Dr Reza Baqir met global financial leaders, bankers and investors to share with them the economic vision and reforms… Continue reading PM, his economic team met global financial leaders during visit to US

ISLAMABAD, Oct 4 (APP):Finance Division has described as “incorrect” the impression created in a section of the media that the Pakistan economy is shrinking. In a statement issued by Ministry of Finance here on Friday, the Finance Division has asserted that the macroeconomic adjustment policies introduced by the government to support balance of payment and… Continue reading Finance ministry dispels impression of ‘shrinking economy’