Category: Business

ISLAMABAD, Apr 03 (APP):Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar said government was focusing on developing the agriculture sector on modern lines to improve livelihoods of small farmers and enhance its contribution in the national economy. He stated that in this regard agriculture cooperation with China would be enhanced under CPEC framework. The… Continue reading Agriculture cooperation with China to be enhanced under CPEC: Makhdum Khusro

ISLAMABAD, Apr 3 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved import of 100,000 tons of urea fertilizer to cater to the demand of farmers. The committee, which met with Finance Minister Asad Umar in the chair, also decided to allow additional import of urea in the event of any demand-supply gap,… Continue reading ECC approves import of 100,000 tons urea

ISLAMABAD, Apr 3 (APP):Textile division has signed and Memorandum of Understanding (MoU) with Small and Medium Enterprise Development Authority (SMEDA) for the launching and execution of project for the establishment of 1000 Stitching Units in Pakistan. In its 1st phase, 150 Stitching Units would be established costing Rs. 350 million,said a statement issued by Ministry… Continue reading Employment , business schemes launches by textile division for youth

KARACHI, Apr 03 (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 141.40 140.90 140.61 U.K 185.78 185.12 184.74 EURO 158.68 158.12 157.80 CANADA 106.17 105.80 105.52 SWITZERLAND 141.69 141.18 140.81 AUSTRALIA 100.37 100.02 99.76 SWEDEN 15.20 15.15… Continue reading NBP Exchange Rates

ISLAMABAD, Apr 2 (APP):Planning Commission has approved funds amounting to Rs.46.200 million for a project titled “1,000 Industrial Stitching Units” to promote public private partnership to boost the value addition in the field of textile garments. Through the projects textile division would also establishing industrial stitching units through strengthening small and medium entrepreneurs,said a statement… Continue reading Govt approves Rs.46.200 million for a project in textile garments.

ISLAMABAD, Apr 2 (APP):Adviser to Prime Minister on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood Tuesday said the government was focusing on export-led growth and increasing Foreign Direct Investment (FDI) in the country. “We are committed for stopping the de-industrialization and the upcoming industrial and textile policy would have positive impact on… Continue reading Govt focusing on export led growth, increasing FDI: Commerce adviser

ISLAMABAD, April 2 (APP):The car production has increased over a period of time in Pakistan as 218,372 cars were produced in 2017-18 against the production of 186,936 in 2016-17 and 179,944 in 2015-16. According to an official source, the overall installed capacity of car manufacturers is 300,000, which is more than the vehicles being sold… Continue reading Pakistan car segment witness increase in 2017-18

KARACHI, Apr 02 (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 141.20 140.70 140.41 U.K 184.57 183.92 183.54 EURO 158.17 157.61 157.28 CANADA 106.03 105.65 105.38 SWITZERLAND 141.36 140.85 140.48 AUSTRALIA 100.11 99.75 99.49 SWEDEN 15.19 15.14… Continue reading NBP Exchange Rates

ISLAMABAD, Apr 1 (APP):Finance Minister Asad Umar received the visiting Qatari delegation led by head of regional portfolios, department of Qatar Investment Authority, Sheikh Faisal Bin Thani Al-Thani for a meeting here on Monday. The minister briefed the delegation about the steps taken by the present government for ease of doing business and facilitating the… Continue reading Asad receives Qatari investment delegation

ISLAMABAD, April 1 (APP):Finance Minister Asad Umar on Monday said negotiations with the International Monetary Fund (IMF) had entered the final stage with settlement of almost all the issues related to the signing of an agreement. “We are very close to each other and there is no fundamental difference,” the minister said while talking to… Continue reading Talks with IMF enter final stage: Asad

ISLAMABAD, April 1 (APP):Adviser to Prime Minister on Commerce,Textile, Industries and Production and Investment, Abdul Razak Dawood Monday encouraged Qatari companies to come forward and have Joint Ventures (JVs) with foreign and local companies to become part of global value chain. He further said Qatari companies have immense potential to supplement the China Pakistan Economic… Continue reading Qatari companies to join global value chain through CPEC

ISLAMABAD, April 1 (APP):Finance Minister Asad Umar Monday formally launched State Bank of Pakistan’s (SBP) Electronic Money Institutions (EMIs) Regulations, providing regulatory framework for the institutions desirous of offering innovative payment services to the public. The regulations would prescribe minimum service standards and requirements for EMIs to ensure delivery of payment services in a safe,… Continue reading Asad Launches EMI Regulations, hopes these end elite capture of economic policies

PESHAWAR, Apr 01 (APP):A delegation of 20 French companies active in various sectors led by the MEDEF International, the most representative organization of the French private sector at an international level, will be visiting Pakistan from 8th to 11th April 2019. According to a press release issued by French Embassy, founded in 1989, MEDEF International… Continue reading Delegation of 20 French companies to visit Pakistan from April 8 to 11

ISLAMABAD, Apr 1 (APP):The Asian Development Bank (ADB) is intensifying ongoing efforts to promote good governance among its developing member countries (DMCs), according to the Office of Anti-corruption and Integrity (OAI) 2018 Annual Report released on Monday. “ADB regards the strengthening of governance and institutional capacity of its DMCs as integral to achieving a more… Continue reading ADB boosts efforts to promote good governance, fight corruption in Asia, Pacific

ISLAMABAD, Apr 1 (APP):The federal government has released Rs417.38 billion for various ongoing and new schemes against the total allocation of Rs675 billion under its Public Sector Development Programme (PSDP) 2018-19. The released funds include Rs173.9 billion for federal ministries, Rs192.16 billion for corporations, and Rs31.15 billion for special areas, according to latest data released… Continue reading Govt releases Rs 417.38 billion for development projects

KARACHI, Apr 01 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Monday. U.S.A 142.51/ 138.91 S.ARABIA 37.74/ 36.27 U.K 185.77/ 181.07 JAPAN 1.2832/ 1.2501 EURO 160.08/ 156.04 U.A.E 38.74/ 35.45

ISLAMABAD, Mar 31 (APP):The Federal Board of Revenue (FBR) Sunday further extended the date of filing of Income Tax Returns/Statements for the Tax Year 2018 till April 30. According to FBR press statement issued here, the date of filing of returns for companies, individuals and association of persons has also been extended to April 30.… Continue reading FBR extends returns filing date to April 30

ISLAMABAD, Mar 31 (APP):Pakistan’s exports to China during first eight months (Jul-Feb) of current fiscal year increased by 3.97 percent as compared to same period of last year. The exports from Pakistan to China during the period under review increased to $1.15 billion compared to the exports of $1.106 billion recorded during Jul-Feb (2017-18), according… Continue reading Pakistan’s export to China up 4% in 8 months

LAHORE, Mar 29 (APP):Federal Finance Minister Asad Umar Friday said efforts were being made to complete the process of 9th NFC (National Finance Commission) Award by December 31, 2019, besides improving the federal and provincial governments’ coordination regarding collection of taxes. Talking to the media after a meeting on the 9th NFC Award here at… Continue reading Efforts afoot to complete 9th NFC Award process by Dec 31: Asad

ISLAMABAD, Mar 29 (APP):The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP) has conducted an awareness session on anti-money laundering, counter-terrorism financing (AML/CFT) obligations of non-profit organizations (NPOs). Around 100 participants from the NPO sector, registered intermediaries and ICAP members were in attendance, a press… Continue reading SECP holds session on AML/CFT obligations for NPOs