Category: Business

  FAISALABAD, Sep 30 (APP)::Governor Punjab Chaudhary Muhammad Sarwar has said that the government would provide all possible facilities to the business community besides consulting it in formulating economic policies so that the gap between exports and imports could be reduced. Addressing “Business Excellence Award” ceremony organized by Faisalabad Chamber of Commerce and Industry (FCCI)… Continue reading Govt to provide all facilities, consult business community in making economic policies: Sarwar

ISLAMABAD, Sep 29 (APP):The weekly inflation for the week ended on September, 27 for the combined income group witnessed increase of 0.37 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 229.17 points against 228.33 points registered in the… Continue reading Weekly inflation goes up by 0.37%

ISLAMABAD, Sep 26 (APP):Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices but escalating trade tensions will test the region’s resilience, underscoring the importance of efforts to bolster trade ties among its countries, says a new Asian Development Bank (ADB) report. In an update of its… Continue reading Growth holding up in Asia and the Pacific, trade tensions pose risks

ISLAMABAD, Sep 26 (APP):The Prime Minister and Chief Justice of Pakistan Dams Fund received total Rs 3.9 billion so far.The countrywide contribution to the fund stood at Rs 3.6 billion while Rs 305.1 million was transferred from abroad, according to an update issued by the State Bank of Pakistan (SBP). The fund witnessed a boost… Continue reading Rs 3.9 bn received in dams fund

ISLAMABAD, Sep 26 (APP):The robust economic growth of 5.8 percent in Pakistan, the highest in 13 years is credited to an uptick in industry, better agricultural crops and an expanding services sector. However, with the new government considering policy options to implement its economic and social agenda, twin deficits widened by a rising import bill… Continue reading Agriculture, industry drive robust growth in Pakistan amid looming challenges: ADB

  ISLAMABAD, Sep 25 (APP):The Economic Coordination Committee of the Cabinet (ECC) Tuesday deferred its decision to increase electricity tariff and directed NEPRA and Power Division to prepare a comprehensive plan for improvement in service delivery in the power sector, reduction in transmission and distribution losses and maximizing recovery. The meeting of the committee was… Continue reading ECC defers decision to increase electricity tariff

ISLAMABAD, Sep 24 (APP):Senior Vice President (SVP) of SAARC Chamber Iftikhar Malik has condemned the Indian denial for resumption of dialogue initiated by Prime Minister Imran Khan on Sunday and reiterated the need for a sustained, structured and result-oriented dialogue between India and Pakistan to resolve all differences. In a statement issued here Monday, Iftikhar… Continue reading Comprehensive dialogue between India, Pakistan only route to restoring peace in S. Asia: Iftikhar Malik

ISLAMABAD, Sep 24 (APP):Former Governor State Bank of Pakistan (SBP) and former caretaker finance minister Dr Shamshad Akhtar said there is phenomenal scope of economic cooperation between Iran and Pakistan. In an interview with IRNA on Monday, she said Iran and Pakistan are long standing friends and trusted partners in development. “I think Iran and… Continue reading Pakistani economist sees big trade boost with Iran

  PESHAWAR, Sep 24 (APP):The Khyber Pakthunkhwa Government has accelerated efforts to enhance volume of Information Technology (IT)’s exports to USD 10 billion in next five years as per vision of Prime Minister Imran Khan for benefits of people. “As per PM’s vision, increasing volume of IT’s exports is our top priority. We have chalked… Continue reading KP Govt. to enhance IT exports’ volume to $10 billion in next five years under PM vision

  ISLAMABAD, Sep 24 (APP):A four-day exhibition “IranPlast 2018” started in Tehran on Monday. Iranian Minister of Petroleum Bijan Zanganeh and Deputy Managing Director of National Petrochemical Company Reza Norouz-Zadeh inaugurated the ceremony and a number of Pakistani businessmen were also invited to attend this expo. Representatives from 15 countries including Germany, Italy, Switzerland, Austria,… Continue reading Pakistani businessmen being attend IranPlast 2018 expo

ISLAMABAD, Sep 19 (APP):Twelve Pakistani textile companies showcased their products at the Texworld, the bi-annual International textile exhibition and received a positive response. The Ambassador of Pakistan to France Moin ul Haque visited the Pakistan Pavilion at the exhibition; from 17-20th September and appreciated the representatives of the various companies for showcasing a wide range of… Continue reading 12-top Pakistan companies showcase products at Texworld, Paris

  ISLAMABAD, Sep 19 (APP):Textile group exports from the country during the first two months of current financial year (July-August) grew by 3.71 percent as compared the corresponding period of the last year. During the period from July-August, 2018 textile products worth $ 2.280 billion exported as compared the exports of $ 2.179 billion of… Continue reading Textile products worth $ 2.280 bln exported, witness 3.72% growth in two-month

  ISLAMABAD, Sep 19 (APP):Mobile phone imports in the country have cost US $ 136.917 million to national exchequer in current fiscal year (July-August) 2018-19 as compared to US $ 129.093 million during same period last year, registering a 6.06 per cent growth. Mobile phone imports in August 2018 which stood at US $ 67.67… Continue reading Mobile phone imports reach $ 136.917 mln during first two months

  ISLAMABAD, Sep 18 (APP):Pakistan Furniture Council (PFC) Tuesday announced to hold three-day mega 10th “Interiors Pakistan” Expo-2018 here in December to promote local furniture industry worldwide and enhancing its exports besides providing an opportunity to showcase their products to attract local and foreign investors and buyers of quality furniture. The expo aimed at promoting… Continue reading PFC to hold Its 10th Interiors Pakistan expo in December

ISLAMABAD, Sep 18 (APP):The business community here on Tuesday urged the government to bring some 3.5 million non tax fillers into tax net, which were identified by the Federal Board of Revenue (FBR) and were registered with it to promote tax culture in the country. The initiative would help in broadening the tax base instead… Continue reading Business community urges to bring 3.5 million non-tax fillers into tax net

ISLAMABAD, Sep 17 (APP):Senate Special Committee on China Pakistan Economic Corridor (CPEC) was informed on Monday that the D.I. Khan-Zhob motorway project of CPEC Western Route is still in the consultancy stage and no actual work has initiated as of today. This road is the only project of the Western Route that has Chinese component… Continue reading D.I.Khan-Zhob motorway project still in consultancy process: Senate body told

ISLAMABAD, Sep 17 (APP):Cotton production during the current crop season is likely to remain 10.874 million bales as against the set targets of 14.37 million bales, showing a decrease of 22 percent. The low output was attributed to drastic climatic changes, prolonging weather pattern and acute water shortage during the crop sowing season in Sindh… Continue reading Cotton output estimated at 10.874 million bales in current season

ISLAMABAD, Sep 15 (APP):Adviser to Prime Minister on Commerce and Textiles, Abdul Razzaq Dawood has said a Chinese buying mission of business-persons and investors delegation would visit Pakistan on September 26-27. During its two-day stay in Pakistan, the business-persons delegation Mission would hold dialogues with local business persons and exporters to enhance Pakistan’s trade. In… Continue reading Chinese buyers delegation to visit Pakistan on Sept 26, holds dialogue to promote trade