Category: Business

ISLAMABAD, Jul 23 (APP):The production of petroleum products witnessed 13.53 percent increase during the fiscal year 2017-18 as compared to the corresponding period of the last year. According to latest data of the Pakistan Bureau of Statistics (PBS), the petroleum products that contributed in positive growth included motor spirits, output of which grew by 18.31… Continue reading POL local production up by 13.53pc

ISLAMABAD, Jul 23 (APP):Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to reduce taxes on real estate sector so that this important sector could play effective role in the economic development of the country. Talking to a delegation of Islamabad Estate Agents Association, Sheikh Amir Waheed, President ICCI said that the… Continue reading ICCI for reducing taxes on real estate sector

ISLAMABAD, Jul 22 (APP):Pakistan Furniture Council (PFC) has said that handmade world class Pakistani furniture market has a huge opportunity for furniture exporters across Asia if the government makes policies in accordance with the suggestions of its stakeholders for promotion of export of furniture. Chairing board of directors meeting here today, the Chief of PFC… Continue reading Pak furniture potential market huge opportunity for Asia: Mian Kashif

ISLAMABAD, Jul 22 (APP):The exports of fish and fish preparations surged by 14.57 percent during the fiscal year 2017-18 as compared to the corresponding period of last year. The seafood exports during July-June (2017-18) were recorded at $451.026 million against the exports of $393.662 million in July-June (2016-17), showing growth of 14.57 percent, according to… Continue reading Fish exports up by 14.57pc to $451.026 mln

ISLAMABAD, Jul 21 (APP):The food exports from the country surged by 29.28 percent during the outgoing fiscal year 2017-18 against the exports of the same period of last year. The food exports from the country were recorded at $4797.936 million during July-June (2017-18) against the exports of $3711.159 million during July-June (2016-17), showing growth of… Continue reading Food exports surge 29.28pc to over $4.797 billion

ISLAMABAD, July 20 (APP):Caretaker Finance Minister Dr. Shamshad Akhtar said Friday that mobilization of local resources was imperative to ensure macroeconomic stability, sustainable growth and development of the country. Speaking at the inaugural session of summer camp organized by Pakistan Tax Bar Association and Lahore Tax Bar Association, the minister said that revenues played a… Continue reading Mobilizing local resources imperative for sustainable economic stability : Dr. Shamshad

ISLAMABAD, July 20 (APP):Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into the country. The minister was talking to a delegation of the Pakistan Business Council (PBC) led by Ehsan Malik and Bashir Ali Mohammad that met her here, according to… Continue reading Dr. Shamshad for improving quality of local products to decrease imports

ISLAMABAD, July 20 (APP):The State Bank of Pakistan has targeted in its newly formulated policy to increase housing finance portfolio of banks and Development Financial Institutes (DFIs) from current, Rs83 billion to Rs250 billion by June 2021, along with increasing the number of borrowers to 200,000 from the current 68,000. The Policy for promotion of… Continue reading Low cost housing finance portfolio to be increased to Rs250 bn by 2021: SBP

ISLAMABAD, July 20 (APP):Islamabad Chamber of Commerce and Industry (ICCI) delegation led by Senior Vice President ICCI Muhammad Naveed Malik visited Jeddah Chamber of Commerce in Jeddah and held a meeting with Vice Chairman JCC Mazen M. Batterjee to explore potential areas of mutual cooperation between the private sectors of two countries. Mazen M Batterjee… Continue reading ICCI delegation visits Jeddah Chamber of Commerce to explore trade promotion prospects

ISLAMABAD, Jul 20 (APP):The Federal Board of Revenue (FBR) has embarked upon proactive approach to create awareness among business community and people about the tax amnesty schemes, recently announced by the government which facilitates registration of undeclared assets and incomes. The schemes offered a golden opportunity to the people holding undeclared and undisclosed income and… Continue reading FBR embarks upon proactive approach to create awareness about tax amnesty