Category: Business

ISLAMABAD, Aug 9 (APP):The government has released over Rs 9.94 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs 1,030 billion. The released funds include Rs 5.2 billion for federal ministries and Rs 4.7 billion for special areas, according to latest data released… Continue reading Govt releases Rs 9.94 bln for development projects under PSDP 2018-19

  ISLAMABAD, Aug 9 (APP):Despite massive local production, the motorcycle imports into the country witnessed 15.52 percent increase during the fiscal year 2017-18 against the corresponding year, according to Pakistan Bureau of Statistics (PBS). Pakistan imported motorcycles worth $106.382 million in July-June (2017-18) against the imports of $92.089 million in July-June 2016-17, showing growth of… Continue reading Despite local production in millions, motorcycle imports up by 15.52 pc

  ISLAMABAD, Aug 8 (APP):The imports of palm oil into the country witnessed increase of 7.06 percent during the fiscal year 2017-18 as compared to the imports of the corresponding period of previous year. Pakistan imported palm oil worth $2039.718 million during July-June (2017-18) against the imports of $1905.136 million in July-June (2016-17), showing growth… Continue reading Palm oil imports up by 7.06 pc to $2.039bln

  ISLAMABAD, Aug 8 (APP):About 1.189 million metric tons of wheat worth US$ 236.339 million were exported during 12 months of fiscal year 2017-18 as compared the exports of 3,937 metric tons valuing US$ 1.038 million of corresponding period of lat year. During the period from July-June,2017-18, local export of wheat witnessed about 22,668.89 percent… Continue reading Wheat worth US$ 1.189 mln , 508.333 mln exported in FY 2017-18

ISLAMABAD, Aug 7 (APP):Agriculture machinery valuing US$ 124.412 million imported in FY 2017-18 The import of agriculture machinery during the financial year 2017-18, witnessed about 4.77 percent growth as country spent US$ 124.412 million of the mechanization of agriculture sector of the country as against the corresponding period of last year. During the period from… Continue reading Country spent US$ 124.412 million of import of agriculture machinery in FY 2017-18

  ISLAMABAD, Aug 6 (APP):Pakistan Tahreek-e-Insaf central leader Jahangir Tareen Monday said Pakistan Tehreek-e-Insaf (PTI), after forming federal government, would have to take extraordinary steps to bail out Pakistan from the current economic crunch. Talking to Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq, Jahangir Tareen said in a first development, the newly elected… Continue reading Govt to take bold steps for economic revival

  ISLAMABAD, Aug 6 (APP):The country’s export of goods to Afghanistan increased by 31.02 percent during July-May (2017-18) to US $1.402 billion against the export of goods worth $1.07 billion in same period of the preceding year. The import of goods from Afghanistan also witnessed an increase of 117.9 percent as it rose to $118.48… Continue reading Export of goods to Afghanistan rises 31.02% in Jul-May FY18

ISLAMABAD, Aug 6 (APP)::Federal and all regional chambers of commerce across the country Monday lauded Pakistan Tahreek-e-Insaf for taking business community into confidence in decision-making process for preparing the national agenda for economic revival. The business community reaffirmed their cooperate with the government at every level to accelerate the pace of development in the country.… Continue reading PTI hailed for taking business community into confidence for boosting economy

  ISLAMABAD, Aug 5 (APP):Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq expressed the hope that the upcoming government of Pakistan Tahreek-i-Insaf (PTI) would utilize all available resources to put Pakistan on the path of self-reliance. “Our country needs trade not aid to overcome its economic woes and rebuild economy which was badly hit… Continue reading Coming PTI government to put Pakistan on self-reliance path: PFC

ISLAMABAD, Aug 4 (APP):Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Saturday lauded the Pakistan Tahreek-i-Insaaf (PTI) plan for decreasing taxes on energy supply facilities, agriculture sector and saving state-owned companies from political interference. The move will make businesses more competitive with regional countries resulting in enhanced exports and employment opportunities, said… Continue reading Business community lauds PTI plan for economic turnaround

ISLAMABAD, Aug 4 (APP):Three-day, 18th All Pakistan Gems and Mineral show kick off here Saturday in order to showcase the hidden potential existing in the local gems and stones besides highlighting the issues and challenges being faced the sector as well as the exporters to fully exploit the potential of the these precious minerals. The… Continue reading Three-day gems, stones show starts

  ISLAMABAD, Aug 04 (APP):The production of motorcycles during the first eleven months of fiscal year (2017-18) increased by 15.44 percent as against the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. As many as 2,650,233 motorcycle were manufactured during July-May (2017-18) against the output of 2,295,846 during July-May (2016-17), showing growth… Continue reading Motorcycle production up 15.44pc to over 2.650 million units

  ISLAMABAD, Aug 2 (APP):Pakistan is committed to take all possible steps in compliance with the Financial Action Task Force (FATF) Action Plan and ensure effective institutional coordination and swift action to curb the menace of terror financing and money laundering. The commitment was made in a National Executive Committee (NEC) meeting chaired by Finance… Continue reading Pakistan committed to take steps in compliance with FATF action plan

ISLAMABAD, August 3 (APP):Islamabad Chamber of Commerce and Industry (ICCI) Friday called upon expected Pakistan Tahreek-i-Insaf (PTI) government to focus on the economic empowerment of women as without empowering them, the country could not achieve sustainable economic growth. ICCI President Sheikh Amir Waheed said this while congratulating Shamim Aftab, former President, Islamabad Women Chamber of… Continue reading ICCI urges new govt for empowering women economically

  ISLAMABAD, Aug 2 (APP):Minister for Finance, Planning Development and Reform Dr Shamshad Akhtar here on Thursday said that Pakistan was facing challenge of acute macro economic instability and fiscal deficit and it needs strict financial discipline and consistent policies to overcome this challenge. Addressing a seminar on ‘Sustainable Development Goals-Baseline and Target Setting’, organized… Continue reading Strict financial discipline, consistent polices required to overcome challenges: Shamshad

  ISLAMABAD, Aug 2 (APP):Rawalpindi Chamber of Commerce and Industry (RCCI) has taken initiative to promote Pakistan’s trade potential through exhibitions and visits of delegations of businessmen around the world. This was stated by President RCCI Zahid Latif Khan while briefing media on the eve of second Pakistan- Belgium Business and Investment Conference, in Brussels… Continue reading 2nd Pakistan–Belgium business, investment conference begins in Brussels