Latest Finance News – Pakistan & World Finance news updates – Breaking news, New photo & Videos.
The Punjab Provincial Development Working Party approved four development schemes of various sectors with an estimated cost of Rs. 3802.608 million. These schemes were approved in the 29th meeting of Provincial Development Working Party (PDWP) of current fiscal year 2019-20 presided over the Chairman P&D Board Hamed Yaqoob Sheikh. Provincial Secretary P&D Imran Sikandar Blaoch, … Read more
Pakistan has met all the strict terms of International Monetary Fund (IMF). According to details, the Executive Board meeting to launch the second installment of the loan program by the IMF will be held in Washington on December 19. The letter signed by Shaikh and Baqir demonstrated Islamabad’s commitment that it would pursue all committed … Read more
Finance Minister Makhdoom Hashim Jawan Bakht has disclosed that 35 percent budget has been allocated for eliminating inter-district difference in the province. This policy is aimed at ensuring inclusive growth so that all the people could equally benefit and grow. He stated this while addressing a seminar at Government College University on Friday on the … Read more
The Asian Development Bank (ADB) on Tuesday said Pakistan is moving towards economic stability and the economy will perform better during the ongoing fiscal year 2019-20. The ADB, in its Asian Development Outlook 2019 Supplement, said that inflation in Pakistan for the first three months of the ongoing fiscal year averaged 10.1 per cent despite … Read more
The proposal of a one-way fare of Rs 40 is decided for Orange Line Train. According to the details, after agreeing to the proposal for a one-way rent of Rs 40, a final decision in this regard will be made after the approval of Chief Minister Punjab Usman Bazdar. According to sources, a meeting was … Read more
The Islamic banking sector, based on ethical principles codified some 1,400 years ago, represents roughly $1.7 trillion or 70% of total Islamic finance assets, with commercial banking accounting for the majority. Digitalization is providing a major boost to this form of banking, which has the potential to grow to $3.8 trillion in assets by 2023—with … Read more
Sindh Cabinet makes a big announcement regarding Solar and Wind Power on today. The cabinet decides to allot the plots for solar and wind power Project. Piece of land to be allotted in Thatta, Jamshoro and Dadu. These plots will be allotted to 10 different companies, this land will be allotted on 30 years lease. … Read more
Provincial Finance Minister Hashim Jawan Bakhat said, Punjab government will also introduced Electric vehicle policy of the federal government while a master plan was underway for improvement in the traffic flow, besides ensuring conversion of the public busses on environmental friendly green fuels and making Rs 40 billion investments in environment improvement. Addressing a press … Read more
The Lahore Chamber of Commerce & Industry welcomed State Bank of Pakistan’s decision to allow advance payments up to $ 10,000 per invoice on behalf of importers/exporters for import of raw materials and spare parts on Wednesday. The LCCI President Irfan Iqbal Sheikh, said that SBP deserves appreciation for accepting LCCI demand for advance payment. … Read more
Advisor to Prime Minister on Commerce, Investment, Industries and Textile, Abdul Razak Dawood on Tuesday said that the second phase of Free Trade Agreement (FTA) with China is going to be operational from Dec 01, 2019 helping Pakistan come at par with the Association of South East Asian Nations (ASEAN) in Chinese market, providing a … Read more
The Lahore Chamber of Commerce & Industry (LCCI) President Irfan Iqbal Sheikh said that tourism industry of Pakistan can inject billions of dollars to the national economy besides generating millions of employment opportunities and huge revenue to the exchequer. While talking to the Chairman Tourism Development Corporation of Punjab (TDCP) Dr. Sohail Zafar Cheema at … Read more
US Consul General in Lahore Ms. Catherine Rodriguez has pledged to support Pakistani businessmen’s endeavors for enhancing Pakistan’s exports to United States. She was speaking at the Lahore Chamber of Commerce & Industry. LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar, Vice President Mian Zahid Jawaid Ahmad, Senior Vice President of SAARC … Read more
As the due date for filing return of income for the tax year 2019 is drawing nearer, outreach education and training seminars/workshops arranged by Regional Tax Office-II, Lahore are gaining momentum. Kiosks and return receipt counters have been established at all prominent commercial areas of Lahore, Kasur, Sheikhupura and Nankana. In order to ensure optimum … Read more
Lahore Chamber of Commerce and Industry (LCCI) call countrywide shutter down strike and closed LCCI for two days for any activity but unfortunately the President of LCCI Irfan Iqbal Sheikh, open his own stores branches and doing business as usual. The LCCI a day earlier (Monday) in a hurriedly call press conference announced closing the … Read more
State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in public sector development expenditure, and … Read more
