Category: Business

KARACHI, May 15 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 182.95 182.30 181.93 EURO 158.83 158.27 157.94 CANADA 105.24 104.87 104.59 SWITZERLAND 140.48 139.99 139.62 AUSTRALIA 98.17 97.83 97.57 SWEDEN 14.75 14.70… Continue reading NBP Exchange Rates

ISLAMABAD, May 14 (APP):A delegation of China Road and Bridge Cooperation (CRBC), led by Director Shi Xiaobo, visited Board of Investment (BOI) to discuss the time lines to make the Rashakai Special Economic Zone (SEZ) operational. The meeting was chaired by Chairman BOI, Haroon Sharif, and attended by Secretary BOI, Executive Director General BOI and… Continue reading CRBC delegation visits BOI to discuss progress on Rashakai SEZ

ISLAMABAD, May 14 (APP):The Islamabad Chamber of Commerce and Industry (ICCI) Tuesday lauded the Prime Minister’s decision to appoint Syed Shabbar Zaidi from private sector as Chairman Federal Board of Revenue (FBR) as he was a tax expert and was well-versed with the issues of taxpayers. However, the new FBR Chief should avoid imposing any… Continue reading New FBR Chairman urged to focus on enhancing tax compliance

ISLAMABAD, May 13 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during the first eight months of the current fiscal year, followed by United Kingdom and China. The total exports to the USA during July-February (2018-19) were recorded at $2684.394 million against the exports of $2529.610 million during… Continue reading USA, UK, China top three destinations of Pakistani exports

ISLAMABAD, May 13 (APP):The Ministry of textiles has so far paid Rs 52.5 billion to the local textile industry under Prime Minister’s Exports Enhancement Package since July 2017, to help boost exports from the country, senior official in the ministry told APP. During the last 10 months, the ministry paid Rs10.5 billion to the textiles… Continue reading MINTEX pays Rs52.5 bln to textile sector under PM exports enhance package

KARACHI, May 13 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 184.33 183.68 118.30 EURO 159.11 158.55 158.22 CANADA 105.46 105.09 104.81 SWITZERLAND 140.13 139.63 139.26 AUSTRALIA 98.89 98.54 98.28 SWEDEN 14.72 14.67… Continue reading NBP Exchange Rates

ISLAMABAD, May 12 (APP):The Free Trade Agreement between Pakistan and Turkey is likely to be signed by mid of June, a senior official in ministry of Commerce said. The decision in this regard was made after the conclusion of 9th round of negotiation between the two sides. Talking to APP, the official informed that during… Continue reading Pak-Turkey FTA to be signed by mid June

ISLAMABAD, May 12 (APP):Pakistan’s exports of goods and services to China grew by 3.93 percent during the first eight months of the current fiscal year compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to China were recorded at $1150.523 million during July-February (2018-19) against exports of… Continue reading Pakistan’s exports to China grow 3.93pc in 8 months

ISLAMABAD, May 12 (APP):Central Directorate of National Savings (CDNS) has achieved a net target of Rs 340 billion by April 30 of the fiscal year 2018-19 as compared to last year’s collection of Rs120 billion. The total savings held by the CDNS stood at Rs1,676 billion by April 30, while the directorate had Rs740 billion… Continue reading National Savings collects Rs 340 bln by April 30

ISLAMABAD, May 10 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has said that the incumbent Government was committed to accelerate implementation of China Pakistan Economic Corridor (CPEC) projects and set timelines for authorities concerned for resolving all the pending issues related to the projects. The Minister expressed these views while chairing the progress… Continue reading Minister sets timelines to resolve pending issues of CPEC

KARACHI, May 10 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.70 141.20 140.91 U.K 184.48 183.83 183.45 EURO 159.14 158.58 158.25 CANADA 105.25 104.88 104.61 SWITZERLAND 139.62 139.13 138.77 AUSTRALIA 99.24 98.89 98.63 SWEDEN 14.70 14.65… Continue reading NBP Exchange Rates

ISLAMABAD, May 9 (APP):Pakistan’s exports of goods and services to China grew by 3.93 percent during the first eight months of the current fiscal year compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to China were recorded at $1150.523 million during July-February (2018-19) against exports of… Continue reading Pakistan’s exports to China grow 3.93pc in 8 months

KARACHI, May 09 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.50 141.00 140.71 U.K 184.09 183.44 183.06 EURO 158.39 157.83 157.50 CANADA 104.93 104.56 104.28 SWITZERLAND 138.64 138.15 137.79 AUSTRALIA 98.69 98.34 98.08 SWEDEN 14.71 14.66… Continue reading NBP Exchange Rates

ISLAMABAD, May 8 (APP):The Pakistan Stock Exchange (PSX) Wednesday witnessed bearish trend as KSE 100 index plunged by 596.03points (1.67 percent) to close at 35, 035.03 points. A total of 113,235,730 shares were traded, whereas the value of shares traded during the day stood at Rs 4.559 billion. Out of 328 companies, share prices of… Continue reading PSX sheds 596 point to close at 35,035points

ISLAMABAD, May 8 (APP):Pakistan’s exports of goods and services to India grew by one percent during the first eight months of the current fiscal year compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to India were recorded at $273.530 million during July-February (2018-19) against exports of… Continue reading Pakistan’s exports to India grow 1pc in 8 months

ISLAMABAD, May 8 (APP):Islamabad Chamber of Commerce and Industry (ICCI) Wednesday called upon the government to take strong measures for reducing tax gap in order to realize the actual tax potential of Pakistan and improve its tax revenue. The ICCI, in a statement, said Pakistan has substantial potential to enhance tax revenue without imposing new… Continue reading ICCI for reducing tax gap to realize actual tax potential

KARACHI, May 8 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 141.60 141.10 140.81 U.K 185.11 184.46 184.08 EURO 158.64 158.08 157.76 CANADA 105.19 104.82 104.54 SWITZERLAND 138.99 138.50 138.13 AUSTRALIA 99.43 99.08 98.82 SWEDEN 14.78 14.73… Continue reading NBP Exchange Rates

ISLAMABAD, May 7 (APP):Advisor to the Prime Minister on Commerce Abdul Razak Dawood on Tuesday said under the recently signed China Pakistan Free Trade Agreement-II (CPFTA) Pakistan would get $6.5 billion annual share of total Chinese imports of $64 billion. “We get the same status in CPFTA-II as has been given to the Association of… Continue reading Pakistan to get $ 6.5 b share from Chinese imports under CPFTA-II

ISLAMABAD, May 6 (APP):The exports of spices earned $68.445 million for the country during the first three quarters of the current fiscal year (2018-19), showing an increase of 14.65 percent when compared to the exports of $59.689 million during the same period of last year. In terms of quantity, the spices exports increased by 16.64… Continue reading Spices exports increase 14.65pc to $68.445 mln