Category: Business

ISLAMABAD, Feb 11 (APP):Minister for Finance Asad Umar Monday said the country’s economy was visibly responding to the stabilization measures taken by the Pakistan Tehreek-e-Insaaf (PTI) government to get out of danger zone. “Economy is getting out of danger zone Pakistan Muslim League (N) left it in,” he said in a tweet message. He pointed… Continue reading Economy visibly responding to government’s stabilization measures: Asad Umar

ISLAMABAD, Feb 11 (APP):Adviser to Prime Minister on Commerce, Textile, Industry and Production and Investment Abdul Razak Dawood Monday said that Pakistan’s exports increased by four percent in first seven months of current fiscal year to $13.259 billion as compared to the same period of last year. Similarly he said the country’s imports also decreased… Continue reading Pak exports increase 4% in 7 months: Razak

ISLAMABAD, Feb 11 (APP):The Bank deposits of scheduled banks have increased by 8.79 percent as it increased from Rs 12,002,239 million in January 2018 to Rs 13,057,570 million in same month of the year 2019. According to a data issued by State Bank of Pakistan on Monday, the deposits of scheduled banks on month-on-month basis… Continue reading Banks’ deposits up 8.79% in January

ISLAMABAD, Feb 11 (APP):The Islamabad Chamber of Commerce and Industry (ICCI) on Monday urged the government for focusing on regional trade that would help in promoting exports and mitigating external sector vulnerabilities. It further said the government should take strong measures to address all impediments that were creating hurdles for private sector in promoting trade… Continue reading ICCI for focusing on intraregional trade to enhance exports

KARACHI, Feb 11 (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 138.60 138.10 137.82 U.K 179.18 178.53 178.16 EURO 156.88 156.32 155.99 CANADA 104.30 103.92 103.65 SWITZERLAND 138.57 138.07 137.71 AUSTRALIA 98.34 97.99 97.73 SWEDEN 14.95 14.89… Continue reading NBP Exchange Rates

ISLAMABAD, Feb 10 (APP):The Prime Minister and Chief Justice of Pakistan Diamer Bhasha and Mohmand Dam Fund has so far received Rs 9.6957 billion.The countrywide contribution to the fund stood at Rs 8.332 billion while the remaining Rs 1.364 billion were contributed by the expatriate Pakistanis,according to an update issued by the State Bank of… Continue reading Diamir Bhasha, Mohmand dams Fund receives Rs 9.695 bln

ISLAMABAD, Feb 9 (APP):Federal Minister for Communications and Postal Services Murad Saeed inaugurated ‘E-Commerce facility at Pakistan Post here Saturday. The minister, on the occasion, expressed his confidence in the E-Commerce facility and said this initiative would lead the department towards financial prosperity, a private news channel reported.Meanwhile, Director General Pakistan Post Dr Naseer Ahmed… Continue reading Murad Saeed inaugurates E-Commerce initiative at Pakistan Post

ISLAMABAD, Feb 6 (APP):The Cabinet Committee on Energy (CCoE) decided Wednesday to conduct an independent audit of gas billing for December 2018 through external auditors in addition to the inquiry regarding excessive billing already conducted by the Petroleum Division. The meeting presided over by Minister for Finance Asad Umar, also decided that the reports of… Continue reading Gov’t to conduct independent audit of gas billing for December 2018

KARACHI, Feb 06 (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 138.60 138.10 137.82 U.K 179.58 178.93 178.56 EURO 157.99 157.42 157.09 CANADA 105.42 105.04 104.77 SWITZERLAND 138.60 138.10 137.74 AUSTRALIA 99.17 98.81 98.55 SWEDEN 15.20 15.14… Continue reading NBP Exchange Rates

ISLAMABAD, Feb 4 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Monday decided to include Special Economic Zones (SEZs) of Islamabad and Bostan in the list of priority SEZs under China Pakistan Economic Corridor (CPEC). The ECC meeting was chaired by Finance Minister Asad Umar. During the meeting Chairman Board of Investment (BoI) gave… Continue reading Islamabad, Boston SEZs to be included in CPEC priority list:ECC

ISLAMABAD, Feb 4 (APP):The Benami law is likely to become operational later this week, allowing the government take strict actions against. Addressing a press briefing here, Member Inland Revenue Policy, Federal Board of Revenue (FBR) Hamid Ateeq Server said that this was a very harsh law under which the government would confiscate all properties and… Continue reading Benami law to be operationalized by February 8: FBR

ISLAMABAD, Feb 4 (APP):The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to consider introducing single tax regime in the country that would help in reducing taxpayers’ problems, encouraging tax culture and improving tax revenue of the country. President, ICCI Ahmed Hassan Moughal, said that at present a businessman have to… Continue reading ICCI calls for introducing single tax regime in next budget

ISLAMABAD, Feb 4 (APP):The exports of readymade garments earned $1,260,543 million during the first half of the current fiscal year (2018-19), showing growth of 0.89 percent over the corresponding period of last year.

ISLAMABAD, Feb 4 (APP):The Economic Coordination Committee (ECC) of the cabinet Monday approved funds of Rs833 million for Pakistan Machine Tool Factory (PMTF) to pay salaries and retirement benefits of its employees. The ECC meeting was chaired by finance minister Asad Umar, according to press statement issued by the ministry here. The ECC was also… Continue reading ECC approves Rs833 million for release of PMTF salaries

KARACHI, Feb 04 (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 138.70 138.20 137.92 U.K 181.34 180.69 180.32 EURO 158.77 158.20 157.87 CANADA 105.89 105.51 105.23 SWITZERLAND 139.14 138.64 138.27 AUSTRALIA 100.31 99.95 99.69 SWEDEN 15.31 15.25… Continue reading NBP Exchange Rates

KARACHI, Feb 02 (APP):Advisor to Prime Minister for Commerce and Investment Abdul Razak Dawood has said that the federal Government is committed to help out the business community. Chairing a meeting of Businessmen at Bin Qasim Industrial Park here on Saturday, he assured the investors and businessmen for resolving their issues. “I am here to… Continue reading Govt to make sure facilities to business, industries