Finance Minister for early finalization of rules, procedures of PPPA

ISLAMABAD, Feb 25 (APP):Finance Minister Asad Umar Monday chaired a high level meeting to discuss matters pertaining to operationalization of Pakistan Infrastructure Bank (PIB) and Public – Private Partnership Authority (PPPA) and directed for early finalization of rules and procedures for operationlization of the authority. The minister said both these institutions aim to play a… Continue reading Finance Minister for early finalization of rules, procedures of PPPA

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Vanaspati manufacturers association calls on Razaak Dawood

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ISLAMABAD, Feb 25 (APP):A delegation of Pakistan Vanaspati Manufacturers Association called on the Prime Minister’s Adviser on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood here Monday and discussed matters of mutual interests. Different issues regarding duty Taxes on import of Soyabin Oil Compliance issues and DTRE facilities were discussed.The issue of harmonizing… Continue reading Vanaspati manufacturers association calls on Razaak Dawood

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NBP Exchange Rates

KARACHI, Feb 25 (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 138.80 138.30 138.02 U.K 181.40 180.75 180.38 EURO 157.43 156.86 156.54 CANADA 105.65 105.27 104.99 SWITZERLAND 138.93 138.43 138.07 AUSTRALIA 99.17 98.81 98.55 SWEDEN 14.87 14.81… Continue reading NBP Exchange Rates

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Rs 2.156 b released for Finance Division projects

ISLAMABAD, Feb 24 (APP):The government has so far released Rs 2,156.118 million for various projects of the Finance Division under the Public Sector Development Programme (PSDP 2018-19) against the total allocation of Rs12,346.359 million. An amount of Rs 400 million has been released for necessary facilities of fresh water treatment, water supply and distribution in… Continue reading Rs 2.156 b released for Finance Division projects

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12th 5-years plan envisages 5.4% growth with outlay of Rs 11.75 trillion: Khsuro Bakhtyar

ISLAMABAD, Feb 22 (APP):Minister for Planning Development, and Reform Makhdum Khusro Bakhtyar has said that the 12th Five Year Plan envisaged an average growth of GDP at 5.4 percent and the expected outlay of the Plan would be Rs 11.750 trillion including Rs 1 trillion involving innovative financing through public-private partnership. He said the plan… Continue reading 12th 5-years plan envisages 5.4% growth with outlay of Rs 11.75 trillion: Khsuro Bakhtyar

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Privatization Commission realizes Rs 649 bln through its divestment operations

ISLAMABAD, Feb 22 (APP):The Senate Standing Committee on Privatization, was informed on Friday that the Privatization Commission had so far managed to generate revenues of Rs 649 billion through its divestment operations, while during last five years it earned Rs 176 billion by selling off five State Owned Entities (SOEs). The meeting which met here… Continue reading Privatization Commission realizes Rs 649 bln through its divestment operations

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IGATEX Pakistan to open on Feb 26 with exhibitors from over 30 countries

KARACHI, Feb 22 (APP):One of the largest, well established garment and textile machinery exhibitions in South Asia, the IGATEX Pakistan will be held at Karachi Expo Centre from February 26-28. According to an announcement here on Friday, it will be 12th edition of the mega expo with country pavilions from Turkey and China along with… Continue reading IGATEX Pakistan to open on Feb 26 with exhibitors from over 30 countries

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Current Account position shows decisive measures rescue economy: Asad Umar

ISLAMABAD, Feb 22 (APP):Finance Minister, Asad Umar said Friday that decisive actions by the government to rescue economy was showing visible positive results as indicated by the Current Account Balance position of the country. “Decisive actions taken by the government to rescue an economy inherited on the verge of default are showing visible positive results,”… Continue reading Current Account position shows decisive measures rescue economy: Asad Umar

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NBP Exchange Rates

KARACHI, Feb 22 (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 139.00 138.50 138.22 U.K 181.19 180.53 180.16 EURO 157.61 157.04 156.72 CANADA 105.02 104.64 104.37 SWITZERLAND 138.84 138.34 137.98 AUSTRALIA 98.59 98.23 97.97 SWEDEN 14.84 14.79… Continue reading NBP Exchange Rates

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Commonwealth parliamentarians calls on Razak Dawood

ISLAMABAD, Feb 21 (APP):A delegation of the Commonwealth Parliamentary Association called on the Prime Minister’s Advisor on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood here on Thursday. The delegation visiting Pakistan to discuss common areas of cooperation in the Commonwealth countries. The delegation had strong representation from the British Parliamentarians. Both sides discussed… Continue reading Commonwealth parliamentarians calls on Razak Dawood

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Competitive bidding to be encouraged for future renewable energy projects: Makhdum Khusro

ISLAMABAD, Feb 21 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar Thursday said that the government was committed to enhance share of renewable energy in the country’s energy mix and it would encourage competitive bidding for future renewable energy projects. Makhdum Khusro highlighted that the government was also working on a renewable energy policy… Continue reading Competitive bidding to be encouraged for future renewable energy projects: Makhdum Khusro

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CPEC next stage to focus on skill-based HR programme: Chinese envoy

ISLAMABAD, Feb 21 (APP):Ambassador of China in Pakistan Yao Jing Thursday said in next stage of China Pakistan Economic Corridor (CPEC), skill-based human resource programme would be the focal area for mutual cooperation between the two countries. He was addressing a conference titled “CPEC skill development challenges and way forward for an inclusive employment strategy”… Continue reading CPEC next stage to focus on skill-based HR programme: Chinese envoy

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Pakistan, Belgium sign MoU for cooperation in business, investment

ISLAMABAD, Feb 21 (APP):Pakistan and Belgium Thursday signed a Memorandum of Understanding (MoU) for enhanced bilateral cooperation in the areas business and investment. The historic MoU was signed between the Trade Development Authority of Pakistan (TDAP) and the trade and investment bodies of three regions of Belgium, namely the Flanders Investment and Trade; Wallonia Export… Continue reading Pakistan, Belgium sign MoU for cooperation in business, investment

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Irrational trade decision by India, not to affect Pakistan: Asad Umar

ISLAMABAD, Feb 21 (APP):Finance Minister, Asad Umar on Thursday said Pakistan would not be affected by trade-related Indian irrational and unwise decision and termed it counterproductive for India itself. Talking to media persons after addressing “Pakistan Leadership Conversation 2019” moot, organized by Association of Chartered Certified Accountants (ACCA) Pakistan, he said that it was an… Continue reading Irrational trade decision by India, not to affect Pakistan: Asad Umar

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NBP Exchange Rates

KARACHI, Feb 21 (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 138.95 138.45 138.17 U.K 181.33 180.68 180.31 EURO 157.67 157.11 156.78 CANADA 105.56 105.18 104.90 SWITZERLAND 138.85 138.35 137.98 AUSTRALIA 99.59 99.23 98.97 SWEDEN 14.93 14.87… Continue reading NBP Exchange Rates

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UK secretary of state for international development calls on finance minister

ISLAMABAD, Feb 20 (APP):United Kingdom (UK) Secretary of State for International Development and Minister for Women and Equalities Penny Mordaunt Wednesday called on the Finance Minister Asad Umar accompanying by a five-member delegation. During the meeting, matters of bilateral interest and the status of development assistance provided by UK to Pakistan were discussed, a press… Continue reading UK secretary of state for international development calls on finance minister

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ADB, BOI jointly organized a stakeholder consultation on SEZs development

ISLAMABAD, Feb 20 (APP):The Asian Development Bank (ADB) and Board of Investment (BOI) Wednesday jointly organized a stakeholder consultation on special economic zones (SEZs) development in Pakistan. The consultation workshop held with the support of United Kingdom’s Department for International Development and attended by over 80 key officials from the federal and provincial governments, academia and… Continue reading ADB, BOI jointly organized a stakeholder consultation on SEZs development

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Govt taking measures to increase industrial competitiveness: Dawood

APP61-19 ISLAMABAD: February 19 - A delegation of presidents of chambers of commerce called on Adviser to the Prime Minister on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood. APP

ISLAMABAD, Feb 19 (APP):Government was taking measures to increase industrial competitiveness in the country, said Adviser to the Prime Minister on Commerce Abdul Razak Dawood. “More measures will be taken to boost investment in the country” he said while talking to a delegation of presidents of chambers of commerce which called on him here on… Continue reading Govt taking measures to increase industrial competitiveness: Dawood

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Chambers’ delegation calls on Finance Minister

ISLAMABAD, Feb 19 (APP):A delegation comprising Presidents of fourteen chambers of commerce and industries from across the country called on the Finance Minister Asad Umar here on Tuesday. The delegation was led by President Lahore Chamber of Commerce and Industry, Almas Haider, said a statement issued here. The delegation had discussion with the Minister on… Continue reading Chambers’ delegation calls on Finance Minister

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Pak-Saudi Joint Business Council to be set up to monitor projects

ISLAMABAD, Feb 19 (APP):The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Tuesday said the businessmen from the two countries have agreed to establish a Pakistan-Saudi Joint Business Council to monitor progress of all projects agreed during the visit of Saui Crown Prince Mohammad Bin Salman to Pakistan. “The Council will comprise of 10… Continue reading Pak-Saudi Joint Business Council to be set up to monitor projects

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