Category: Business

ISLAMABAD, March 26 (APP):The National Assembly standing committee on Industries and Production Tuesday informed by the Advisor to Prime Minister/In-charge Ministry of Industries and Production Abdul Razak Dawood that currently National SME policy was under developing process and will be presented before the Minister in-charge on 11th April, 2019. The committee which met here at… Continue reading NA body briefed about upcoming national SME policy

RAWALPINDI, March 26 (APP):China is committed to improve trade relations with Pakistan as both countries are enjoying great friendly relationships, Chinese Ambassador Yao Jing Tuesday said. Addressing Pak China business opportunity conference being organized by Rawalpindi Chamber of Commerce and Industry (RCCI) here at a local hotel,the Envoy said that China Pakistan Economic Corridor (CPEC)… Continue reading China committed to improve trade relations with Pakistan: Yao Jing

ISLAMABAD, Mar 26 (APP):The Belorussian heavy trucking company BELAZ has entered the Pakistani market with a heavy dumping truck having capacity of 45 tons of load as the Greaves Pakistan- a subsidiary company of Ghulam Faroque Group made an agreement with the Belorussian company BELAZ for commissioning of mining trucks in Pakistan. “This is the… Continue reading Belarussian dump trucks enter Pakistani market

KARACHI, Mar 26 (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 140.70 140.20 139.91 U.K 185.67 185.01 184.63 EURO 159.21 158.64 158.32 CANADA 105.09 104.72 104.45 SWITZERLAND 141.80 141.30 140.92 AUSTRALIA 100.19 99.83 99.57 SWEDEN 15.23 15.18… Continue reading NBP Exchange Rates

ISLAMABAD, Mar 25 (APP):Meeting of the Steering Committee of Economic Pillar of Saudi-Pakistani Supreme Coordination Council (SPSCC), chaired by Finance Minister, Asad Umar, was held on Monday to review and discuss the progress on implementation of Memoranda of Understanding (MoUs). These MoUs were signed during the visit of Saudi Crown Prince, Mohammed bin Salman to… Continue reading Asad Umar reviews progress on implementation of MoUs signed with KSA

GWADAR, March 25 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar Monday said fastracking development of Gwadar is a top priority of the incumbent government in order to ensure inclusive development in the city. He expressed these views during his one day visit to Gwadar. He was flanked by Balochistan Chief Minister Jam Kamal,… Continue reading Hastening pace of Gwadar’s development top priority: Bakhtyar

ISLAMABAD, Mar 25 (APP):The State Bank of Pakistan (SBP) has received US 2.2 billion from China, said a message received from the bank on Monday. “The SBP has received RMB 15 billion value, equivalent to $2.2 billion as proceeds of the loan obtained by government of Pakistan from China,” the message added. With this deposit,… Continue reading Pakistan receives $2.2 bln from China

ISLAMABAD, Mar 25 (APP):The Board of Investment (BOI) was optimistic that Pakistan’s ranking in Ease of Doing Business would show considerable improvements and come down below 100 when the World Bank releases its next rankings during May this year. “Currently the BOI has been working on evaluating the performance of ease of doing business in… Continue reading Pakistan to come down below 100 in EDB ranking: BOI

ISLAMABAD, Mar 25 (APP):The exports of various transport services earned $425.639 million for the country during the first seven months of the current fiscal year (2018-19). However, as compared to the $572.050 million exports of last year, the exports of transport services during the July-January (2018-19) witnessed negative growth of 25.46 percent, according to the… Continue reading Transport services’ exports earn over $425 in 7 months

KARACHI, Mar 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 140.70 140.20 139.91 U.K 185.63 184.97 184.59 EURO 158.98 158.42 158.09 CANADA 104.77 104.40 104.13 SWITZERLAND 141.49 140.99 140.62 AUSTRALIA 99.61 99.25 98.99 SWEDEN 15.17 15.12… Continue reading NBP Exchange Rates

ISLAMABAD, Mar 24 (APP):The overall imports of petroleum group witnessed 6.7 percent increase during the eight months of the current fiscal year as compared to the corresponding period of the last year. During the period under review, the total imports of petroleum group stood at $ 9618.584 million against imports of $9014.937 million of the… Continue reading POL import bill up 6.7 percent to $9.6 bln in 8 months

ISLAMABAD, Mar 22 (APP):Advisor to Prime Minister for Commerce, Textile, Industry and Production and Investment, Abdul Razak Dawood Friday stressed the need for exploiting trillion dollar halal food market by mutual cooperation between Pakistan and Malaysia. “There are 1.3 billion Muslims in the world, this (halal food) is now moving to trillion dollar economy,” the advisor… Continue reading Razak for exploiting trillion dollar halal food market

KARACHI, Mar 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 139.70 139.20 138.91 U.K 183.57 182.92 182.54 EURO 158.94 158.37 158.05 CANADA 104.53 104.16 103.88 SWITZERLAND 140.72 140.22 139.85 AUSTRALIA 99.25 98.89 98.63 SWEDEN 15.23 15.17… Continue reading NBP Exchange Rates

ISLAMABAD, Mar 21 (APP):Minister for Finance Asad Umar chaired a meeting to review the financial requirements of the tribal districts (erstwhile Federally Administrated Tribal Areas). The meeting was attended by Minister for Planning, Development and Reform, Makhdum Khusro Bakhtyar, Khyber Pakhtunkhwa Governor, Shah Farman; Chief Minister, Mahmood Khan, Finance Minister KP, Taimur Saleem Jhagra, and… Continue reading Finance minister reviews financial requirements for tribal districts

ISLAMABAD, Mar 21 (APP):Advisor to Prime Minister on Commerce, Textile, and Investment Abdul Razzak Dawood Thursday said the country’s textile sector was now picking up due to prudent policies of the government and hoped the sector would help surpassing the overall exports target of $25 billion by end of current fiscal year. “In a recent… Continue reading Gov’t committed to fully support textile sector: Razzak Dawood

MANILA , Mar 21 (Xinhua/APP):The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) inked a Co-financing Framework Agreement for Sovereign Operations on Thursday to guide overall co-financing arrangements between the two institutions. ADB President Takehiko Nakao and AIIB President Jin Liqun met on Thursday in ADB’s headquarter in Manila and discussed a… Continue reading ADB, AIIB sign agreement on co-financing arrangement for further cooperation

ISLAMABAD, Mar 21 (APP):Gwadar Port has generated Rs358.151million revenue during last three years of which Rs32.324 million were given to Gwadar Port Authority (GPA) as per its approved share. As per details revenue share, distribution ratio or percentage between port operator (China Overseas Ports Holding Company Ltd) and Gwadar Port Authority are 91per cent and… Continue reading Gwadar Port generates revenue of Rs358.151 million in three years

ISLAMABAD, Mar 21 (APP):SAARC Chamber of Commerce and Industry on Thursday said Malaysian Prime Minister Mahathir Muhammad visit to Pakistan would herald new vistas of economic co-operation and a milestone in further cementing bilateral relationship between both the Muslim brotherly countries on sound footings. Talking to a 10 members delegation of Pak-Malaysia traders Senior Vice… Continue reading Malaysian PM visit to herald new vistas of economic co-operation: SAARC CCI

ISLAMABAD, Mar 21 (APP):Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Thursday, hailing Malaysian Prime Minister first 3-day official visit to Pakistan, said this significant visit will also open new avenues of economic development besides further boosting bilateral trade. He said the upcoming visit of Malaysian Prime Minister would be a another epoch-making event… Continue reading Malaysian Prime Minister state visit to strengthen trade : PFC

KARACHI, Mar 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 139.70 139.20 138.91 U.K 184.59 183.93 183.55 EURO 159.59 159.02 158.70 CANADA 105.06 104.68 104.41 SWITZERLAND 140.93 140.43 140.06 AUSTRALIA 99.88 99.52 99.26 SWEDEN 15.31 15.26… Continue reading NBP Exchange Rates