ISLAMABAD: Prime Minister Imran Khan on Monday directed the provincial chief secretaries to ensure all possible administrative measures to stabilise the prices of basic essential items, particularly monitoring of the illogical difference of prices at wholesale and retail levels. Presiding over a meeting to review the demand and supply, as well as the prices of … Read more
KARACHI: Pakistan’s total debt, including domestic and external increased 10.23 per cent in the fiscal year 2020/21 to Rs38.70 trillion, compared with Rs35.10 trillion by June 30, 2020, the central bank reported on Monday. The federal government’s domestic debt increased to Rs26.26 trillion by June 30, 2021, compared with Rs23.28 trillion. The domestic debt during … Read more
RAWALPINDI: Punjab Minister for Law and Parliamentary Affairs Raja Basharat assured businessmen that he will take up their concern regarding the closure of businesses for two days in a meeting with Chief Minister Usman Buzdar on Monday. “The issue of closing markets for two days a week will be taken up in a meeting with … Read more
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood and United States Commerce Secretary Gina M Raimondo held a telephonic conversation to discuss the issues for the promotion of trade and investment between the two countries. It was the second such engagement at the top level on trade and investment since … Read more
LAHORE: The trade with Afghanistan continued as usual even after the Taliban takeover, a senior government official said on Saturday. Talking to the newsmen after inaugurating Pakistan Footwear Design Hub, Adviser to the Prime Minister on Commerce, Textile, Industry and Production, and Investment Abdul Razak Dawood said: “We are closely monitoring the situation in Afghanistan. … Read more
KARACHI: The collection of motor vehicle tax has registered a 50 per cent increase in the fiscal year 2021, owing to substantial increase in sales of vehicles during the year under review. The tax collection under this head increased to Rs14.38 billion during the fiscal year 2020/21, compared with Rs9.86 billion in the preceding fiscal … Read more
LAHORE. PPP leader Senator Sherry Rehman has rejected the PTI led federal government’s claim that the economy has been put on the right track, stating that food prices in the country have increased by 14.8% during May 2020 to May 2021. “It is shocking that food inflation has doubled in the past 3 years. From … Read more
KARACHI: The Pakistan bourse tumbled around one per cent during the week ended August 27, 2021, and the market performance is likely to remain range-bound, amid the political turmoil in Afghanistan, and uncertainty surrounding the International Monetary Fund (IMF) review, likely to commence from September 21, 2021, analysts said on Saturday. “However, from the sector-wise … Read more
KARACHI: A new house financing scheme for overseas Pakistanis will encourage more external investment that will help the rupee make gains next week, analysts said on Saturday. A day ago, Prime Minister Imran Khan launched “Roshan Apna Ghar” scheme that will enable overseas Pakistanis to buy residential property for themselves and for their families in … Read more
BEIJING: Pakistan is a country with a population of more than 200 million and has a huge consumer market. Population and resources are huge advantages for the development of service trade, and their labour force is very young, a Chinese expert said on Saturday. Zhang Wei, chief expert of China Association of Trade in Services, … Read more
ISLAMABAD: All the key economic indicators have been performing well, affirming the success of the government in laying a foundation for robust growth, according to the “Three Years Performance Report” released on Thursday. According to the report, the government had prepared a comprehensive roadmap for stability, growth and productive employment. It said, the government had … Read more
LAHORE: The Gohar Ejaz Group has registered an unprecedented 12th consecutive victory in the annual elections of the All Pakistan Textile Mills Association (Aptma) for the year 2021/22 by winning all the seats both at centre, as well as zonal levels. The election results for the year 2021/22 were announced at a press conference held … Read more
DUBAI: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reviewed the country’s strategic plans and initiatives aimed at accelerating the … Read more
KARACHI: Unilever Pakistan Foods has announced a net profit of Rs966.64 million for the quarter ended June 30, 2021, which is 7.48 per cent higher than Rs899.32 million recorded in the corresponding quarter last year, a bourse filing said on Wednesday. The earnings per share (EPS) for the quarter clocked-in at Rs151.75 as against Rs141.18 … Read more
LAHORE: Punjab Minister for Industries and Commerce Mian Aslam Iqbal has issued directives to finalise the arrangements by September 15 to participate in the Dubai Expo. Chairing a meeting at the Committee Room of the Punjab Board of Investment and Trade on Monday, he said, tourism and trade potential of the province would be highlighted … Read more
LAHORE: German Ambassador Bernhard Schlagheck called on Provincial Minister for Industries and Trade Mian Aslam Iqbal at his office at Punjab Board of Investment & Trade on Tuesday and discussed matters of mutual interest, bilateral cooperation and investment opportunities. First Secretary of Economic and Political Section of the German Embassy Christian Bottcher and Chief Operating Officer … Read more
BEIJING: Beijing authorities have released a plan for the development of hydrogen energy industry from 2021 to 2025. According to the plan released by the municipal bureau of economy and information technology, by 2025, the Beijing-Tianjin-Hebei region will achieve a cumulative scale of hydrogen energy industry chain valued at more than 100 billion yuan ($15.4 … Read more
ISLAMABAD: Canada is one of the major development partners of Pakistan, and the two countries need to further strengthen business and economic linkages, a senior government official said. During a meeting with High Commissioner of Canada for Pakistan Wendy Gilmour, who called on him, Federal Minister for Finance and Revenue Shaukat Tarin said that Pakistan … Read more
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir said that the national economy is poised to witness a continued recovery in FY22 given the resilience in the economy and the measures taken during Covid-19 pandemic situation to support the businesses and people. The recovery could already be seen in the more than expected … Read more
KARACHI: Pakistan stocks started the day with a strong footing and remained in the green zone throughout the day. The market was driven by the healthy corporate results along with some surprise dividend payouts, dealers said on Wednesday. Ahsan Mehanti at Arif Habib Corp said that the stocks showed recovery, amid a spike in the … Read more
LAHORE: Pakistan’s High Commissioner designate to Brunei Darussalam, Major General (R) Farhat Abbas Sani has said that the country is pursuing strong economic diplomacy to explore new markets instead of depending on a few countries for trade. He was speaking at the Lahore Chamber of Commerce & Industry during his visit on Monday. LCCI President … Read more
KARACHI: The State Bank of Pakistan (SBP) on Thursday notified revision in the foreign exchange instructions pertaining to commercial remittances with the objective of promoting ease of doing business and facilitating legitimate cross-border commercial payments on account of services. The SBP has revised the policy on remittance of RFT fees. The banks have been delegated … Read more
ISLAMABAD: The Federal Cabinet on Tuesday approved an increase of Rs800/maund in the cotton support price, besides giving a go-ahead to the Kamyab Jawan Program (KJP) through which loans will be extended to over four million households to start their own businesses. During a media briefing after the meeting, chaired by Prime Minister Imran Khan, … Read more
KARACHI: The Stock Exchange (PSX) continued its bullish run on Tuesday, as the investors welcomed the likely release of a $2.8 billion tranche under the International Monetary Fund (IMF) programme and the rising automobile, as well as petroleum products sales, dealers said. An analyst at Topline Securities said the positive momentum continued with the KSE-100 … Read more
KARACHI: The Federal Board of Revenue (FBR) on Tuesday issued a procedure for all the manufacturers of specified sectors for the registration of the brand name before selling their products. Through the Finance Act, 2021, the licensing of brand name has been made mandatory for specified sectors under the Sales Tax Act, 1990. According to … Read more
LAHORE: The Pakistan Stock Exchange’s (PSX) most followed benchmark KSE-100 index is celebrating its 30 years of existence. The KSE-100 index is a total return market capitalisation-based index, which was created in 1991 with a base value of 1,000 points. Umair Naseer, associate director research at Topline Securities, said that following international best practices, the … Read more
LAHORE: Though the Covid-19 pandemic has endangered the global economy and disrupted billions of lives around the world; however, Pakistan stays among the blessed countries due to the well-thought-out policies and timely corrective measures of the government, particularly in the construction and industrial sectors. The ambitious Central Business District (CBD) project at the Walton Airport … Read more
ISLAMABAD: The unilateral actions of the Sindh government, contrary to the directives of the National Command and Control Centre (NCOC) and the Federal government, would cause immense damage to the national economy, a senior government official said on Saturday. In a video statement, Federal Minister for Information and Broadcasting Fawad Hussain Chaudhry said that the … Read more
