Latest Finance News – Pakistan & World Finance news updates – Breaking news, New photo & Videos.
The Lahore Chamber of Commerce & Industry has gotten various facilities from the Excise & Taxation Department for its member that can be availed through E&T facilitation center at the LCCI. During a meeting at the Lahore Chamber of Commerce & Industry on Tuesday, LCCI President Irfan Iqbal Sheikh and Secretary Excise & Taxation Wajihullah … Read more
President Dr. Arif Alvi called for a media campaign to create awareness about the role of the Federal Ombudsman and clarified that the Ombudsman should digitize his record and ensure the use of latest technology. President Dr. Arif Alvi attended the Federal Ombudsmen Conference. In his address on the occasion, Dr. Arif Alvi said that … Read more
The State Bank of Pakistan has reduced the markup rate on investment under SBP’s Temporary Economic Refinance Facility (TERF) to 5% (from 7%) and on Long Term Financing Facility. According to the details, SBP reduces markup rate on investment under SBP’s Temporary Economic Refinance Facility (TERF) to 5% (from 7%) and on Long Term Financing … Read more
Good news for Pakistanis suffering from economic problems due to global coronavirus outbreak, increase in rate of return on national savings schemes. According to a statement issued by the National Savings, the government has increased the rate of return on national savings schemes and increased the rate of return on welfare savings certificates from 9.84 … Read more
State Bank of Pakistan will be closed for public transactions on Wednesday, July 1, 2020 on the occasion of “Bank Holiday”. According to a statement issued by the State Bank of Pakistan, the SBP will be closed for public transactions on Wednesday, July 1, 2020 on the occasion of “Bank Holiday”. [embedpost id=”50366″ slug=”state-bank-of-pakistan-brings-policy-rate-to-7″] It … Read more
Punjab Finance Minister Hashim Jawan Bakhat Tuesday said that country was passing through a critical period following the covid-19 pandemic and the provincial government given the best budget in the current scenario by focusing towards the areas hit by the corona virus and protecting the economy and vulnerable groups. The Punjab government did not compromise … Read more
Cricket boards have made major changes in Test cricket shirts to finance the boards. The ICC has allowed commercial logos on players’ test shirts to boost countries’ revenue. The severe blow to the economy caused by the coronavirus has also affected cricketing nations, how to make up for the loss and increase revenue in difficult … Read more
Scientists claimed to download 1,000 HD movies per second, citing the fastest internet service. According to the World News Agency, scientists from Australia have claimed that the Internet speed reaches 44.2 terabits per second (TBPS), which is millions of times higher than the average broadband speed in different countries. TBPS Internet speeds have so far … Read more
FPCCI urged to withdraw discretionary power of FBR for Multiple audit and posting of Inland Revenue Official at business premises Federation of Pakistan Chambers of Commerce & Industry (FPCCI). Mian Anjum Nisar, President, Dr. Muhammad Arshad, Regional Chairman & Vice President and Zakaria Usman, Convener,Budget Advisory Council of the Federation of Pakistan Chambers of Commerce … Read more
The Federal Board of Revenue (FBR) issued a notification on Tuesday (May 12), the board has given the new assignments to its five grade-21 officers. According to the details, newly appointed FBR Member (IR-Operations), chief commissioner, Regional Tax Office, Rawalpindi and chief commissioner, (Large Taxpayer’s Unit) are included in those officers. The Member (IR-Operations) Syed … Read more
State Bank of Pakistan (SBP) has enhanced refinance limits under its Rozgar Scheme to finance up to 100% of wages/salaries of businesses with average 3month wage bill of up to Rs500mn for onward payments for April, May and June, 2020. In its latest press release, mentioned on twitter handle, SBP) has enhanced refinance limits under … Read more
FPCCI holds Pre-Budget consultative meeting with FBR The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) held a video-link Conference with the Federal Board of Revenue (FBR) to discuss the FPCCI proposals for the ensuing Federal Budget 2020-21 at FPCCI Head Office Karachi, Capital Office Islamabad and Regional Offices Lahore & Peshawar. The FPCCI … Read more
Punjab Finance Minister Hashim Jawan Bakht said that before COVID-19 pandemic the pace of development projects was satisfactory, development expenditures and revenue collection was balanced, huge investment was being made on health, education, industry, social protection and infrastructure development. The minister chairing the 3rd meeting of resource mobilization committee meeting of budget 2020-21 said that … Read more
The Asian Development Bank (ADB) will give another $305 million on Tuesday to Pakistan in loans to fight against coronavirus pandemic. According to the details, the government has approved concept clearance paper for seeking a loan from ADB for emergency struggling against COVID-19 pandemic on Wednesday (May 6). The meeting of the committee was held … Read more
The government of Punjab is going to allow the opening of trade and Industry keeping in view the SOPs at different stages. All recommendations in this regard have been sent to the Federal Government and will be further discussed with Prime Minister Pakistan Imran Khan in the next two days. The whole world is being … Read more
National Bank of Pakistan (NBP) hosted a Virtual Roundtable meeting to discuss the issues and challenges facing the Non-Bank Microfinance Institutions (NBMFIs) and their customers as a consequence of the economic slowdown due to COVID-19 pandemic. The Roundtable was attended by the CEOs of Pakistan’s largest NBMFIs including the National Rural Support Program, Kashf Foundation, … Read more
Office-bearers and leaders of over 100 markets, at a Traders Consultative Conference hosted by the Lahore Chamber of Commerce & Industry have urged the government to open markets and small industries immediately as lockdown now has become unbearable. LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar, Vice President Muhammad Ali Mian, former … Read more
The US dollar today (April 30) decreased by Rs 1.44 in the interbank market. According to the details, comparing to the last opening value of Rs 161.61, the slipped represented a loss of 0.89 per cent. Tresmark’s analyst Eman Khan said that there was a break after two days of hot money outflows. Petrol prices … Read more
Ministry of Energy (Power Division) has appointed Dr. Khawaja Riffat Hassan as Managing Director National Transmission and Despatch Company (NTDC) as stopgap arrangement. His predecessor Mr Zafar Abbas Joint Secretary (Power Division) has resigned from the post of MD NTDC due to his commitment at Ministry of Energy (Power Division). The spokesman of NTDC has … Read more
The Punjab Provincial Development Working Party approved three development schemes of two sectors: Regional Planning (RP) and Agriculture at the total cost of Rs. 1,478.01 million. These schemes were approved in the 43rd meeting of Provincial Development Working Party (PDWP) of current fiscal year 2019-20 presided over the Chairman P&D Board Hamed Yaqoob Sheikh. All … Read more
The Government of Punjab has constituted a working group of epidemiologists, public health specialists. applied economists, statisticians, public policy specialists to advise the government on health and economic impacts of COVID-19 through data modelling and predictive analysis regarding smart test sampling and allied matters. Minister of Finance Hashim Jawan Bakht, the convener of the Working … Read more
The Lahore Chamber of Commerce on Thursday welcomed relief package of Rs. 125 billion for small industries and daily workers amid the COVID-19 lockdown. In a statement, the LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar and Vice President Mian Zahid Jawaid Ahmad said that relief package of Rs. 50 billion for … Read more
The Asian Development Bank (ADB) today approved a $200 million loan to support the Philippine government’s effort to provide emergency cash subsidies to vulnerable households amid the novel coronavirus disease (COVID-19) pandemic. “This global pandemic, of a kind not seen in the last century, has disrupted the livelihoods of millions of Filipinos and could set … Read more
The Sindh government has allowed 86 more industrial units to start their work again after undertaking to completely follow the SOPs made by the provincial government. According to the details, the government has introduce 11 points SOP to reopen business after lockdown and grant permission to 86 more industries to resume their operations. Earlier, The … Read more
Provincial Industries and Trade Minister Mian Aslam Iqabl meets with representatives of traders delegation at Civil Secretariat in which he was apprised about the problems being created in the wake of lockdown and difficulties being faced by them. They also intimated that businesses are getting affected owing to lockdown and government should grant them permission … Read more
A review meeting on the preparation of Budget 2020-21, chaired by Finance Minister Makhdoom Hashim Jawan Bakht, was held in the Chief Minister’s Secretariat today. The meeting was attended by Chief Secretary Punjab Azam Suleiman, Secretary Finance Abdullah Sunbal ,Chairman Planning and Development Sheikh Hamid Yaqub, Secretary Chief Secretary Iftikhar Sahoo and the concerned officers. … Read more
Ministry of Commerce has proposed to allow opening of industrial units with confirmed export orders, it was learnt. A meeting of National Command and Control Centre (NCOC), held on Thursday, decided that Ministry of Commerce will hold consultations with all the provinces for finalizing the procedure for opening of the industrial units with confirmed export … Read more
The total liquid foreign reserves held by the country stood at US$ 16,988.2 million on 03-April-2020. According to SBP US$ 1880.8 million is decline in the month of March. US$ 18,869.0 million on 28-February-2020. The break-up of the foreign reserves position is Foreign reserves held by the State Bank of Pakistan is US$ 12,757.5 million … Read more
