Category: Business

  ISLAMABAD, Aug 29 (APP):The World Bank Wednesday said it was ready to support the reform plans of the new Pakistani government for stabilizing the economy and accelerating growth to end poverty and boost prosperity. The commitment was made by the World Bank’s newly appointed Vice President for the South Asia Region, Hartwig Schafer, when… Continue reading World Bank ready to support reform plans of new Pakistani govt

ISLAMABAD, Aug 29 (APP):The gold imports into the country decreased by 32.04 percent during the fiscal month of the current fiscal year against the imports of the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. Pakistan imported gold worth $1.423 million during July 2018 against the imports of $2.094 million in July… Continue reading Gold imports decrease 32.04 percent in July

ISLAMABAD, Aug 28 (APP):The non-tax revenues of the federal government were recorded at Rs 630,378 million during the fiscal year 2017-18, according to the data of Finance Ministry. Out of the total non-tax revenue, the mark up (provinces) was recorded at 16,221 million while the mark-up of PSEs and others stood at Rs87,769 million. Likewise,… Continue reading Federal govt collects over Rs630 billion non-tax revenues in FY18

  ISLAMABAD, Aug 27 (APP):Rice exports from the country during first month of current financial year grew by 2.85 percent as compared the corresponding month of last year and about 212,518 metric tons of rice worth US$ 110.966 million exported as against the exports of 190,455 metric tons valuing US$ 107.893 million of same period… Continue reading Exports of basmati rice up by 5.25 %, others 2.85% in first months of FY 2018-19

ISLAMABAD, Aug 27 (APP):The exports of sports goods from the country witnessed decrease of 5.85 percent during the first month of the current fiscal year against the exports of same month of last year, Pakistan Bureau of Statistics (PBS) reported. The country exported sports goods worth $21.898 during 2018) against the trade of $23.258 million… Continue reading Sports goods’ exports decline by 5.85 pc in July

  ISLAMABAD, Aug 25 (APP):Private pension funds were introduced in 2007 under the Voluntary Pension System Rules, 2005 and at present, there are 19 pension funds, out of which 10 are Shariah compliant and 9 are conventional. These funds are managed by10 experienced pension fund managers.The pension funds provide participants with options to invest in… Continue reading SECP releases five-year comparative performance of private pension funds

ISLAMABAD, Aug 21 (APP):Pakistan Furniture Council (PFC) Chief Mian Kashif Ashfaq welcoming Prime Minister Imran Khan’s pledged of cut spending, sweeping reforms and austerity measures hoped that the PTI incumbent government will take effective steps on all fronts and multi-pronged economic vision to enhance volume of export besides creating business friendly environment for foreign investment.… Continue reading Imran’s multi-pronged economic agenda to boost export, promote foreign investment: Mian Kashif

ISLAMABAD, Aug 21 (APP):SAARC Chamber of Commerce and Industry Pakistan Chapter Tuesday termed Prime Minister Imran Khan’s maiden heart touching address to the nation an infusion of new hopes and said the Pakistan Tehreek-e-Insaaf (PTI) government would play constructive role to strengthen SAARC by bringing India and Pakistan close together which would be harbinger of… Continue reading Bringing India, Pakistan close would be harbinger of prosperity, peace in region: Iftikhar Malik

  ISLAMABAD, Aug 18 (APP):Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Saturday greeted Pakistan Tehrik-e-Insaf (PTI) chairman Imran Khan for attaining premiership after a long political struggle and hoped that the country would soon be on path to economic revival under his dynamic leadership. In a statement issued here today, he said Imran’s… Continue reading PFC hopes Imran Khan will restore confidence of foreign, local investors

ISLAMABAD, Aug 17 (APP):Caretaker Finance Minister, Dr. Shamshad Akhtar Friday here on expressed Pakistan’s commitment to fully cooperate with Asia Pacific Group (APG) and Financial Action Task Force (FATF) and support the delegation to complete its task of mutual evaluation. She was talking to the APG delegation that called on her, according to press statement… Continue reading Pakistan committed to cooperate with FATF: Dr. Shamshad

RAWALPINDI, Aug 16 (APP):President Rawalpindi Chamber of Commerce and Industry (RCCI) Zahid Latif Khan Thursday lauded the recent reforms proposed by Securities and Exchange Commission of Pakistan (SECP) in the Real Estate Investment Trust Regulations, 2015. Zahid Latif Khan who is also a Chairman of ISE Towers REIT Management Company Limited (ISE REIT) in a… Continue reading RCCI lauds SECP reforms in REIT

ISLAMABAD, Aug 16 (APP):The Islamabad Chamber of Commerce and Industry has become first chair organization of National Cleantech Platform (NCTP) set up by United Nations Industrial Development Organization (UNIDO). Chairing the first meeting of NCTP here Thursday, President Islamabad Chamber of Commerce and Industry (ICCI) Sheikh Amir Waheed said that the advanced countries have achieved… Continue reading ICCI chairs NCTP for demand driven research in universities to foster industrialization

  ISLAMABAD, Aug 16 (APP):Pakistan would evaluate trade policy according to modern trends and Strategic policy framework 2015-19 would also be implemented in letter and spirit to boost the country’s exports. Pakistan is committed to search the new trade avenues in different regions of the world including, South American, Africa and South East Asian trade… Continue reading Pakistan to evaluate trade policy on modern lines

LAHORE, Aug 15 (APP):Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has embraced a long-term collaboration with Sichuan International Chamber of Commerce, Halal Food Commission to establish Pakistan-Chengdu Economic Trade Center for creating joint business activities between China and Pakistan, especially for establishment of Special Economic Zones in Pakistan under CPEC. In this connection, an… Continue reading Pakistan-Chengdu Economic & Trade Centre to be established

ANKARA, Aug 15 (APP):A large number of Turks on Wednesday got a first-hand experience of the taste and aroma of the Pakistani mangoes as they converged here at a gathering to feast on a wide spread of mango delights made out of freshly-arrived juicy fruit. The event here at the Pakistan House was aimed at… Continue reading Pakistani mangoes get a thumbs up from Turkish people

  ISLAMABAD, Aug 13 (APP):The exports of services from the country witnessed negative growth of 6.29 percent during financial year 2017-18 as compared to the corresponding period of last year. The services exports during July-June (2017-18) were recorded at $5.205 billion against the exports of $5.554 billion during July-June (2016-17), according to the latest data… Continue reading Services exports decline 6.29pc in FY2017-18