Category: Business

KARACHI, Mar 01 (APP):President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr. Daroo Khan Achakzai , who is on visit to Saudi Arabia on the occasion of 75th anniversary celebrations of Jeddah Chamber of Commerce (JCC), has a detailed meeting with Vice Chairman, Jeddah Chamber of Commerce, Sheikh Mazen M. Batterjee. In the… Continue reading FPCCI, JCC discuss ways to promote Pak, Saudi trade

ISLAMABAD, Mar 01 (APP):Ambassador of Germany to Pakistan Martin Kobler has proposed that Pak-German Joint Chamber of Commerce and Investment should be created for further promotion of bilateral trade and investment. He said that Germany was Pakistan’s biggest trading partner in European Union with trade balance in favor of Pakistan. He was addressing a workshop… Continue reading Pak-Germany Joint Chamber proposed to promote bilateral trade

ISLAMABAD, Mar 1 (APP):The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Friday said Prime Minister Imran Khan has united the divided nation and successfully foiled the unholy designs of Indian Prime Minister. The statesmanship of PM Khan, amid Pak-India conflict, without compromising on the country’s sovereignty has enriched his domestic and global image… Continue reading PM Khan’s statesmanship wins global recognition

KARACHI, Mar 1 (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 184.30 183.64 183.26 EURO 158.08 157.51 157.19 CANADA 105.61 105.23 104.95 SWITZERLAND 139.21 138.71 138.34 AUSTRALIA 98.63 98.28 98.02 SWEDEN 15.05 14.99… Continue reading NBP Exchange Rates

ISLAMABAD, Feb 28 (APP):Finance Minister, Asad Umar, said Thursday that the government had taken steps for ease of doing business and had been facilitating both domestic and foreign investors with various incentives including rationalization of tax regime. Talking to a visiting Singapore business delegation, he said more such steps were envisaged in the budget 2019-20.… Continue reading More measures envisaged in upcoming budget for ease of doing business: Asad

ISLAMABAD, Feb 28 (APP):A state-of-the-art oil refinery and petrochemical complex, being established at Gwadar deep seaport city, has tremendous potential to capture markets in China and Central Asian landlocked states where fuel supply takes weeks to reach through other routes. Under the China Pakistan Economic Corridor (CPEC), the fuel transportation to China via Pakistan would… Continue reading Gwadar oil facility has potential to capture China, Central Asian markets

ISLAMABAD, Feb 28 (APP):Iran has shown interest in importing meat and livestock products from Pakistan as it has huge potential in this particular sector. Iranian Ambassador Mehdi Honardoost, during a call on meeting with Minister for National Food Security and Research, Sahibzada Mehboob Sultan, said that Iran had a big demand for these products, adding… Continue reading Iran shows keen interest to import meat, livestock from Pakistan

KARACHI, Feb 28 (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 139.40 138.90 138.61 U.K 185.40 184.73 184.35 EURO 158.62 158.05 157.72 CANADA 105.99 105.61 105.33 SWITZERLAND 139.53 139.03 138.67 AUSTRALIA 99.62 99.26 99.00 SWEDEN 15.05 15.00… Continue reading NBP Exchange Rates

ISLAMABAD, Feb 27 (APP):The Cabinet Committee on Energy (CCoE) approved on Wednesday, the proposals from Power Division providing for all future Renewable Energy (RE) investments to be treated in line with the RE Policy 2019 that envisages a framework consistent with the current international market norms and greater consumer benefits. The Power Division informed that… Continue reading CCoE approves Power Division’s proposals for future renewable energy investments

ISLAMABAD, Feb 27 (APP):Finance Minister Asad Umar Wednesday chaired the first meeting of PTI Parliamentary Caucus on Economy and briefed the lawmakers about steps taken by the government in the first six months to stabilize the economy and restore investor confidence. Finance Parliamentary Secretary Zain Qureshi briefed the participants on incentives given to farmers including… Continue reading Asad chairs 1st meeting of PTI Parliamentary Caucus on Economy

LAHORE, Feb 27 (APP):Business community and its leaders on Wednesday said that Pakistan had always been advocating peace in the region and also making its best efforts in this regard. Giving their viewpoint to APP here on the recent Prime Minister’s address to the nation, Lahore Chamber of Commerce and Industry (LCCI), All Pakistan Anjuman… Continue reading PM’s speech a great step towards durable peace

KARACHI, Feb 27 (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 139.20 138.70 138.42 U.K 184.33 183.67 183.29 EURO 158.37 157.81 157.48 CANADA 105.68 105.30 105.02 SWITZERLAND 139.13 138.63 138.27 AUSTRALIA 99.94 99.58 99.32 SWEDEN 14.98 14.92… Continue reading NBP Exchange Rates

ISLAMABAD, Feb 26 (APP):After opening lower, the Indian stock markets – Sensex and Nifty – extended losses on Tuesday, following violation of Line of Control (LoC) by Indian Air Force (IAF), Business Today of India reported. According to the report, the Sensex plunged nearly 500 points in opening deals and Nifty slipped below the 10,740… Continue reading Indian stock market extends losses after IAF LoC violation

ISLAMABAD, Feb 26 (APP):The SAARC Chamber of Commerce and Industry (SCCI), Senior Vice President Iftikhar Ali Malik Tuesday urged the local chambers and businessmen to organize annual industrial fairs at district levels to promote industrial production and attract local buyers. According to SCCI press release issued here, he expressed these views while talking to media… Continue reading SCCI for organizing annual industrial fairs at district level

ISLAMABAD, Feb 26 (APP):Saudi investors, in the wake of recent visit to Pakistan as member of entourage of Crown Prince Muhammad bin Salman, have invited Pakistan Furniture Council (PFC) for further deliberations to enhance mutual cooperation and launch joint venture in furniture sector. According to a press release issued by the council here, PFC Chief… Continue reading Saudi Investors invite PFC for deliberations on joint ventures

KARACHI, Feb 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 139.00 138.50 138.22 U.K 182.62 181.96 181.59 EURO 157.92 157.36 157.03 CANADA 105.30 104.92 104.64 SWITZERLAND 139.02 138.52 138.16 AUSTRALIA 99.50 99.15 98.88 SWEDEN 14.92 14.87… Continue reading NBP Exchange Rates

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

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

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

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