Category: Business

Business news from Pakistan

Finance Minister met to representatives of S-P Global, Fitch Ratings

ISLAMABAD, Apr 21 (APP): The Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with the representatives of S&P Global and Fitch Ratings on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C. During the meetings, he highlighted positive indicators of the country on the back of the Standby Arrangement (SBA) signed with… Continue reading Finance Minister met to representatives of S-P Global, Fitch Ratings

Finance Minister address concerns of rating agencies on external side

ISLAMABAD, Apr 20 (APP): Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Saturday addressed concerns of the rating agencies on external side, inflation, primary balance and interest rate regime. Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with representatives of S&P Global and Fitch Ratings, said a press release issued here. The minister… Continue reading Finance Minister address concerns of rating agencies on external side

NPO’s four day wksp on gemstones to hold in Islamabad

ISLAMABAD, Apr 20 (APP): The National Productivity organization (NPO) Pakistan in collaboration with Asian Productivity Organization (APO) Japan, will organize a four days international workshop on value addition of gemstones products for compliance with international standards and enhance the productivity in APO, Japan member states from 22 April at Islamabad. The said workshop is expected… Continue reading NPO’s four day wksp on gemstones to hold in Islamabad

Gold rates up by Rs.1,500 per tola to Rs.252,200

ISLAMABAD, Apr 20 (APP):The per tola price of 24 karat gold increased by Rs.1,500 and was sold at Rs.252,200 on Saturday compared to its sale at Rs.250,700 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.1,286 to Rs.216,221 from Rs.214,935 whereas the prices of 10 gram 22… Continue reading Gold rates up by Rs.1,500 per tola to Rs.252,200

LCCI for joint efforts to promote Pak-Afghan trade

LAHORE, Apr 20 (APP):Lahore Chamber of Commerce and Industry (LCCI) Prsident Kashif Anwar has said that despite the historical socio-economic relations between Pakistan and Afghanistan, the trade volume does not reflect the potential. Joint and concrete steps must be taken to boost mutual trade, he added. He expressed these views while addressing a Afghan trade… Continue reading LCCI for joint efforts to promote Pak-Afghan trade

Condolence reference held in memory of FBR’s officials

ISLAMABAD, Apr 19 (APP):A condolence reference was held at Federal Board of Revenue (FBR) headquarters on Friday in memory of the five Customs officials who were martyred in D.I.Khan. The Customs officials were martyred on April 18 while conducting an intelligence-based operation, said a press release issued here. Chairman FBR Malik Amjad Zubair Towana, Board… Continue reading Condolence reference held in memory of FBR’s officials

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PSX turns bullish, gains 619 points

ISLAMABAD, Apr 19 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 619.79 points, a positive change of 0.88 percent, closing at 70,909.90 points against 70,290.12 points the previous trading day. A total of 475,833,699 shares valuing Rs.23.220 billion were traded during the day as compared to 440,314,409… Continue reading PSX turns bullish, gains 619 points

Weekly inflation falls by 0.79 percent

ISLAMABAD, Apr 19 (APP): The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.79 per cent for the combined consumption groups during the week ended on April 18, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in… Continue reading Weekly inflation falls by 0.79 percent

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Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

  WASHINGTON, Apr 19 (APP):Federal Minister for Finance and Revenue on Friday appreciated the World Bank’s Thought Leadership and its insightful report titled “From Swimming in the Sand to High and Sustainable Growth,” giving a clear roadmap for propelling Pakistan to a High Middle-Income country. He expressed these views while attending the “Roundtable on Implementing… Continue reading Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

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