Category: Business

ISLAMABAD, Mar 18 (APP):Tajikistani investors and business community will take advantage of package of incentives offered to foreign investors by Prime Minister Imran Khan and this would help both the countries to take bilateral trade to $500 million per annum. A 18-member high-level Tajikistan delegation of investors and businessmen led by Chairman Union of Private… Continue reading Tajikistan intends to enhance trade volume with Pakistan

KARACHI, Mar 18 (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 139.50 139.00 138.71 U.K 185.49 184.82 184.44 EURO 158.13 157.56 157.24 CANADA 104.74 104.37 104.09 SWITZERLAND 139.26 138.76 138.40 AUSTRALIA 99.23 98.87 98.61 SWEDEN 15.13 15.07… Continue reading NBP Exchange Rates

KARACHI, Mar 16 (APP):Chairman, Federal Board of Revenue (FBR), Dr. Jehanzaib Khan here on Saturday assured the business community that their genuine grievances would be addressed on compassionate basis. Addressing the members of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), during his visit to its headquarters,he said adequate coordination and efficient interaction between… Continue reading FBR Chairman assures to address genuine grievances of FPCCI members

KARACHI, Mar 16 (APP):The State Bank of Pakistan (SBP) has completed its four-day SME finance awareness campaign in Sialkot, Gujranwala and Gujrat from March 13- 16. According to SBP statement issued here on Saturday, the meetings and interactions were held with over 2,000 representatives of various SME clusters during the campaign. Over 300 senior bankers… Continue reading SBP conducts awareness campaign on SME finance in different cities

ISLAMABAD, March 15 (APP):Minister for Finance Asad Umar Friday said the government was keen to devise innovative financing model, develop capital markets and mobilize private sector investment in infrastructure and social sectors. Talking to a delegation of the Asian Development Bank (ADB), he said these initiatives will not only provide fiscal space to the government… Continue reading Govt keen to devise innovative financing model, mobilize private sector: Asad

ISLAMABAD, Mar 15 (APP):Pakistan and Iran here on Friday reiterated their desire for further enhancing bilateral trade which would greatly benefit the two neighboring countries. Consensus to this effect was developed in a meeting between Minister for Finance Asad Umer and Managing Director Iranian Foreign Investment Company (IFIC) Hassan Abghari, a press released issued by… Continue reading MD Iranian Foreign Investment Company calls on Finance Minister

KARACHI, Mar 15 (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 139.40 138.90 138.61 U.K 184.59 183.92 183.55 EURO 157.78 157.21 156.89 CANADA 104.72 104.35 104.07 SWITZERLAND 139.06 138.56 138.20 AUSTRALIA 98.74 98.38 98.12 SWEDEN 15.00 14.95… Continue reading NBP Exchange Rates

ISLAMABAD, March 14 (APP):Pakistan Furniture Council (PFC) Thursday hailing Prime Minister Imran Khan’s new visa regime expressed the hope that this new policy would attract foreign investors, and tourists besides giving impetus to economic growth of the country on long term basis. It said the hotel industry would also flourish with tourism and this would… Continue reading New liberal visa regime to attract foreign investors, tourists : PFC

KARACHI, Mar 14 (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 139.10 138.60 138.32 U.K 184.31 183.65 183.27 EURO 157.49 156.92 156.60 CANADA 104.50 104.12 103.85 SWITZERLAND 138.50 138.00 137.64 AUSTRALIA 98.27 97.91 97.66 SWEDEN 14.95 14.90… Continue reading NBP Exchange Rates

ISLAMABAD, Mar 13 (APP):Finance Minister, Asad umar Wednesday directed the Ministry of Petroleum to review the inflated gas bills in order to reduce burden on consumers. Chairing the meeting of Cabinet Committee on Energy (CCOE), the minister said that the Prime Minister Imran Khan had already ordered to refund the amount charged from natural gas… Continue reading Petroleum ministry urged to review inflated consumer bills

ISLAMABAD, Mar 13 (APP):German delegation led by Ambassador of Germany to Pakistan, Martin Kobler and Managing Director Siemens Pakistan, Helmut Von Struve, called on MOS/Chairman Board of Investment, Haroon Sharif, at BOI office here on Wednesday. Chairman BOI explained to the delegates that the government has prioritized skills development and technology development. For this Pakistan… Continue reading German delegation meets BOI chairman to discuss renewable energy projects

ISLAMABAD, Mar 13 (APP):The services trade deficit shrank by 34.79 percent during the first seven months of the current fiscal year compared to the corresponding period of last year. The services trade deficit during July-January (2018-19) was recorded at $2.091 billion against the deficit of $3.208 billion during July-January (2017-18), showing decline of 34.79 percent,… Continue reading Services trade deficit shrinks 34.79% in seven months

KARACHI, Mar 13 (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 139.00 138.50 138.22 U.K 181.89 181.23 180.86 EURO 156.85 156.29 155.97 CANADA 104.04 103.67 103.40 SWITZERLAND 137.94 137.44 137.08 AUSTRALIA 98.09 97.73 97.48 SWEDEN 14.83 14.77… Continue reading NBP Exchange Rates

KARACHI, Mar 12 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 139.15 138.65 138.37 U.K 183.86 183.20 182.82 EURO 156.70 156.14 155.82 CANADA 103.88 103.50 103.23 SWITZERLAND 137.69 137.20 136.83 AUSTRALIA 98.39 98.04 97.78 SWEDEN 14.85 14.80… Continue reading NBP Exchange Rates

ISLAMABAD, Mar 11 (APP):Finance Minister Asad Umar on Monday applauded the World Bank’s recognition of Pakistan’s enhanced implementation of corporate governance principles in its Pakistan Report on Observance of Standards and Codes (ROSC) on Corporate Governance. The outcomes of the World bank assessment would contribute to the government reform agenda to improve the investment climate,… Continue reading Asad applauds WB recognition of enhanced Pak compliance of corporate governance standards

ISLAMABAD, Mar 11 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during the first seven months of the current fiscal year, followed by United Kingdom and China. The total exports to the USA during July-January (2018-19) were recorded at $2363.579 million against the exports of $2236.507 million during July-January (2017-18), showing an… Continue reading USA, UK, China top three export destinations of Pakistani products

ISLAMABAD, Mar 11 (APP):The federal government has released Rs 365.99 billion against the total allocation of Rs 675 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes. The released funds include Rs 145.7 billion for federal ministries, Rs 169.8 billion for corporations, and Rs 30.28 billion for special areas,… Continue reading Rs 365.9 bn released for development projects