BEIJING: The National Bank of Pakistan (NBP) will participate in the 8th China International Fair for Trade-in-Services (CIFTIS) 2021, scheduled to be held from September 2 to 7, 2021 in Beijing. The Accounting Society for Foreign Economic Relations and Trade of China (ASFETC), an affiliate of the Ministry of Commerce of the People’s Republic of … Read more
LAHORE: German Ambassador Bernhard Schlagheck has said that the German investors would make full use of investment-friendly opportunities in Punjab, as many companies had already made investments and more are eager to start businesses here. He said this after calling on Punjab minister for industries and trade Mian Aslam Iqbal at the office of Punjab … Read more
KARACHI: The Federal Board of Revenue (FBR) has initiated scrutiny of imports under SRO 492(I)/2009; following reports of gross misuse of tax exemptions, resulting in massive revenue loss to the exchequer. The FBR has advised the chief collectors and collectors to submit a report regarding the misuse of the concessions. “We have found significant revenue … Read more
LAHORE: The Institute of Public Health (IPH) and Punjab Healthcare Commission (PHC) will collaborate to impart training on the minimum service delivery standards (MSDS) to the qualified healthcare service providers and managers of the healthcare establishments of both public and private sectors, a statement said. In this regard, a memorandum of understanding (MoU) was signed by … Read more
Pakistan has agreed to stay in touch with the United Kingdom due to the developing condition in Afghanistan, amid the Taliban took over the country on Sunday. President Ashraf Ghani as a result of the conclusion of a swift aggressiveness by the group to take back the complete control over the country after staying out … Read more
KARACHI: The Pakistan stocks witnessed a bullish momentum on the second day of the week after the US president’s speech over the Afghan issue’, which settled down the uncertainty at the bourse by not blaming Pakistan, dealers said. This was also buoyed by the official statement of the National Security Council supporting the peaceful establishment … Read more
ISLAMABAD: The Pakistan Customs and the Federal Board of Revenue (FBR) has processed the first consignment to export fresh White Chaunsa to Moscow, Russia from Pakistan under the TIR Convention. The FBR has stated that this is one of the first endeavors to introduce Pakistani fresh fruits and indigenous goods to Russia. It will help … Read more
KARACHI: The Kot Addu Power Company (Kapco) has earned a net profit of Rs10.229 billion for the year ended June 30, 2021, down a whopping 56.60 per cent, compared with the profit of Rs23.60 billion recorded in the previous year, a bourse filing said. The earnings per share (EPS) for the year clocked-in at Rs11.62, … Read more
KARACHI: The rupee recovered 11 paisas against the dollar on Tuesday, despite import payments demand ahead of the two public holidays, dealers said. The exchange rate ended at Rs164.08 against the dollar from the previous day’s closing of Rs164.19 in the interbank foreign exchange market. The dealers said the market witnessed supply of the dollar … Read more
In view of the evolving regional security situation, Saudi Chief of General Staff (CGS) has expressed ‘full support’ for Pakistan in efforts for peace in the region, while meeting Pakistan’s counterpart at the General Headquarters in Rawalpindi, according to an official statement issued on Monday. During the meeting, geo-strategic environment, security situation in Afghanistan and … Read more
KARACHI: Federal Minister for Finance and Revenue Shaukat Tarin asked the ministries concerned to accelerate wheat and sugar imports and ensure that sufficient stocks are available for a smooth supply during the current financial year. He also urged the ministries concerned and Trade Corporation of Pakistan (TCP) to exercise due diligence and take appropriate measures … Read more
ISLAMABAD: Pakistan needs to revitalise agricultural research and create public-private partnership to enhance and make agricultural research viable in the public sector, a senior government official said. Chairing a meeting with the delegation of the Food Agriculture Organization (FAO) of the United Nations, which was headed by FAO representative in Pakistan Rebekah Bell, Federal Minister … Read more
KARACHI: Carrefour, owned and operated by Majid Al Futtaim in Pakistan, is offering new career opportunities to its freshly inducted graduates, with little or no experience, to develop their professional skills through an intensive four-month training programme, a statement said. The Management Trainee Programme (MTP), offered in Lahore, is geared towards developing individuals as future … Read more
Prime Minister Imran Khan stated that Pakistan is committed to maintaining the sovereignty and territorial integrity of Saudi Arabia in conversation with the Chief of General Staff of the Saudi Armed Forces. A press release by the PM’s office stated that the Chief of the General Staff of the Saudi Armed forces General Fayyadh bin … Read more
Prime Minister Imran Khan has called for the federal cabinet meeting on Tuesday to discuss a 17-point agenda. The federal cabinet meeting will be held at PM House at 12:00 to review the country’s political and economic situation. In the meeting, it will be discussed to the federal cabinet regarding the Afghanistan situation besides explaining … Read more
Ministry of National Health has stated that Pakistan received more COVID-19 vaccine batches, which have been handed over to the authority. More dosages of Sinopharm and Sinovac Covid-19 vaccines have reached Pakistan on August 14 and 15, claimed a spokesperson of the National Disaster Management Authority (NDMA). The NDMA said in a statement Pakistan has … Read more
LAHORE: Federal Tax Ombudsman Mushtaq Ahmad Sukhera has urged the business community to utilise the services of his office for resolving their tax-related issues without fee and tax consultant/lawyer. Speaking at the Lahore Chamber of Commerce and Industry, Sukhera said that according to the law, the Federal Tax Ombudsman is bound to take decisions in … Read more
Starting his career as a banker at the United Bank Limited (UBL), Dr Mirza Ikhtiyar Baig launched his first business with a capital of half a million dirhams in Dubai. Photo Magic is now a multi-billion-rupee enterprise, and one of the businesses of Baig Group, which Mirza Ikhityar Baig established along with his brother Mirza … Read more
KARACHI: The Sindh Revenue Board (SRB) has extended the last date for the payment and sales tax returns filing for July 2021. In a circular issued on Monday, the board said the taxpayers can make payment of sales tax on services for the period of July 2021 up to August 24, 2021. Further, the taxpayers … Read more
ISLAMABAD: The government has executed five petroleum concession agreements and exploration licences with the Oil and Gas Development Company Limited. Hammad Azhar, Minister for Energy (Petroleum Division) graced the signing ceremony. These exploration licences and petroleum concession agreements were signed by Dr Arshad Mahmood, secretary of the Petroleum Division, Abdul Jabbar Memon, director general of … Read more
ISLAMABAD: UK-Pak Business Council will hold a meeting with the British investors in London next month to lure foreign investment in diversified fields in Pakistan, besides establishing collaboration between the private sectors for setting up joint ventures in various sectors of the economy. Talking to a delegation of importers and exporters led by Chaudhary Araib … Read more
ISLAMABAD: The successful completion of China-Pakistan Economic Corridor (CPEC)-related projects would bring development and prosperity to the country, especially Balochistan, a senior government official said. Addressing a 100-member delegation of students from seven districts of Balochistan at the Parliament House, Acting President of Pakistan and Senate Speaker Muhammad Sadiq Sanjrani said that Balochistan was on … Read more
BEIJING: The trade volume of imports and exports between Pakistan and China has increased explosively against the global trend under the influence of the pandemic. According to the General Administration of Customs PR China, the trade between the two countries amounted to $12.56 billion in the first-half of 2021, 1.6 times larger than that of … Read more
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Razak Dawood has expressed the hope that by the last fiscal year 2023 of the present government, the country’s exports would reach $50 billion by following the policy of trade diversification in potential trade sectors and markets. Export diversification, focus on non-traditional sectors and increasing … Read more
ISLAMABAD: The government has kept the prices of petrol and diesel unchanged with effect from August 16 for the next fortnight, a statement issued by the Finance Ministry said. The petrol would continue to be sold at Rs119.80 till August 31, while the prices of high-speed diesel would remain unchanged at Rs116.53/litre. However, the prices … Read more
ISLAMABAD: Overall Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on August 12 recorded an increase of 0.61 per cent compared to the previous week, the SPI data released by Pakistan Bureau of Statistics (PBS) revealed on Friday. The data had shown that prices of tomatoes and chicken surged on WoW basis by … Read more
GUANGZHOU: The Trade and Investment Section of the Consulate General of Pakistan in Guangzhou organised a “Pakistan Mango Festival” for the second consecutive year to introduce Pakistani mangoes and explore markets in Guangzhou, China. A large number of guests, including Chinese dignitaries, government functionaries, and diplomats from the Consulate General of Malaysia, Belgium and Turkey … Read more
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to promptly respond to the public queries regarding incorporation of companies, has introduced its WhatsApp channel for business care, a statement said. The WhatsApp helpline number is a first-of-its-kind service in Pakistan’s public sector, it added. The WhatsApp service can be accessed by saving the helpline … Read more
