Category: Business

ISLAMABAD, Jun 25 (APP):The National Assembly’s Standing Committee on Commerce and Textile Tuesday advised the Commerce Ministry to find some win-win solution of the issue related to zero-rated regime of five export-oriented sectors. The meeting of the committee was chaired by Syed Naveed Qamar while among others it was attended by committee members and officials… Continue reading NA body for win-win solution on zero-rated regime issue

KARACHI, Jun 25 (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 179.53 178.80 JAPANESE YEN JPY 1.4707 1.4650 BRITISH POUND GBP 200.65 199.84 SWISS FRANC CHF 162.10 161.43 CANADIAN DOLLAR CAD 119.33 118.86 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Jun 24 (APP):Official Spokesperson and Adviser, Ministry of Finance, Dr. Khaqan Hassan Najeeb on Monday said the macroeconomic stabilization was need of the hour for the economy and this federal budget 2019-20 gives the direction of economic stabilization through curbing the imports and supporting the exports measures. This budget is directionally and strategically a… Continue reading Federal budget gives direction for economic stabilization, Spokesperson MoF

ISLAMABAD, Jun 24 (APP):Adviser to Prime Minister on Commerce, Industries and Investment, Abdul Razak Dawood on Monday said that United Kingdom (UK) can play important role in promoting trade and investment growth of Pakistan by investing in competitive sectors. “Continuation of preferential market access under Generalize Schemes of Preference (GSP- Plus) in the post-Brexit scenario… Continue reading UK to play role for promoting trade, investment growth of Pakistan:Razak Dawood

ISLAMABAD, Jun 24 (APP):The Senate on Monday unanimously approved 65 recommendations on Finance Bill 2019-20 and 68 recommendations on Public Sector Development Programme (PSDP) 2019-20, containing annual budget statement, as reported by the Senate Standing Committee on Finance, Revenue and Economic Affairs. The recommendations were moved by Chairman of the committee Senator Farooq H. Naik… Continue reading Senate unanimously approves 65 recommendations on Finance Bill 2019-20

ISLAMABAD, Jun 24 (APP):Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh Monday expressed gratitude to the Emir of Qatar, Sheikh Tamim Bin Hamad Al Thani for announcing US $3 billion in deposits and direct investments for Pakistan. He thanked the Amir Qatar for his affirmation to further develop relations… Continue reading Hafeez thanks Amir Qatar for announcing $3 billion investments in Pakistan

ISLAMABAD, Jun 24 (APP):One of the largest Chinese manufacturers of fragrance and perfume Guangzhou Rongshen Trading Company Monday ,following the attractive package of incentive offered by the Prime Minister Imran Khan announced to invest US $ 2 million in chemical sectors to further explore direct foreign investment avenues in Pakistan. Chairman, Guangzhou Rongshen Trading Company,… Continue reading Chinese company Guangzhou Rongshen commits $ 2 million investment in FIEDMC

ISLAMABAD, Jun 24 (APP):The exports of textile and its articles from the country witnessed increase of 2.17 percent during the first ten months of the current fiscal year compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) has reported. The textiles exports from the country during July-April (2018-19)… Continue reading Textile exports increase 2pc to $11.419 bln: SBP

ISLAMABAD, Jun 23 (APP):Prime Minister’s Adviser on Commerce Abdul Razak Dawood Sunday said the electric vehicle (EV) policy would be formulated in consultation with the stakeholders and it would be aligned with the current auto policy. The policy would incorporate global and regional best practices, growth of the EVs and the environmental concerns would be… Continue reading Electric vehicle policy to be devised in consultation with stakeholders: Razak

ISLAMABAD, Jun 23 (APP):The memorandum of understanding (MoU) on the establishment of Pakistan-Qatar Joint Working Group (JWG) on trade and investment was signed by Pakistan and Qatar on Saturday is aimed at devising a mechanism to improve trade between the two countries which is currently far below than the potential. The MoU was inked by… Continue reading Pak-Qatar JWG to help improve trade, investment

KARACHI, June 21 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 157.30 156.80 EURO EUR 177.89 177.17 JAPANESE YEN JPY 1.4696 1.4639 BRITISH POUND GBP 200.08 199.30 SWISS FRANC CHF 160.32 159.64 CANADIAN DOLLAR CAD 119.44 118.64 AUSTRALIAN… Continue reading NBP Exchange Rates

ISLAMABAD, Jun 20 (APP):Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Dr. Abdul Hafeez Shaikh on Thursday assured the business community for accommodating their suggestion in Federal Budget 2019-20 to promote trade and business for the fast track economic development of the country. A delegation of Federation of Pakistan Chamber of Commerce… Continue reading Finance Adviser assures businessmen to accommodate suggestions

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

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

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

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

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

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%