Cut in import duty on industrial raw material demanded
Staff Reporter Islamabad President Islamabad Chamber of Commerce & Industry (ICCI) Ahmed Hassan Moughal has said that the industry was importing lot of raw material for manufacturing of products, but due to sharp fall in value of rupee, the import of industrial raw material has become costly leading to enhanced production cost. In a statement issued here on Tuesday, Ahmed ...
EBM releases Sooper Hai Poora Pakistan
With the ICC Cricket World Cup 2019 all set to kick off this May, EBM has now launched a new World Cup anthem in collaboration with everyone?s favourite rock band, Junoon. The goal of Sooper hai poora Pakistan is to celebrate the passion and enthusiasm of all Pakistanis, specifically the underrepresented and minorities who love cricket and Pakistan just ...
Engro selected as recipients of AREA 2019
Staff Reporter Karachi Engro Fertilizers Limited and Engro Foundation received an international award for their Partnerships and Value Expansion in Seeds Value Chain (PAVE) project at the Asia Responsible Enterprise Awards (AREA) 2019 in Taipei, Taiwan recently. Co-funded by Engro Fertilizers Limited and the Department of Foreign Aid and Trade (DFAT), Government of Australia, PAVE aims to build capacities of ...
LCCI for continuation of zero-rated regime
They said that exports were increased and issues of liquidity, refunds and flying invoices were resolved notably after introduction of zero-rating regime therefore government should not put a reverse gear by withdrawing this facility. They said that continuation of zero-rating facility for the export-oriented sectors would go a long way and help promote country?s exports and would also boost ...
China to make investment of $138m in Rashakai CPEC Industrial Zone
Staff Reporter Charsadda Advisor to Khyber Pakhtunkhwa Chief Minister on Industries and Trade Abdul Kareem has said that formal inauguration of the Rashakai CPEC Industrial Zone would be held after Eidul Fitre wherein Chinese investors would make investment to the tune of USD 138 million. The advisor expressed the confidence that the government would win the case in the ...
European Commission Vice President Says Italy Should Reconsider Budget Issue
BRUSSELS (UrduPoint News / Sputnik - 29th May, 2019) European Commission Vice President Valdis Dombrovskis said on Tuesday that has to review the situation with its , as the idea to increase deficit led only to deterioration of the country's economy. On Monday, a source close to the European Commission told Bloomberg that might launch disciplinary ...
Forex Dealers Expresses Concern Over Under Invoicing By Some Importers
A delegation of Foreign Exchange Dealers, led by the President of Forex Association of Pakistan, Malik Bostan, called on Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh, here, a finance ministry statement said. In order to reduce the outflow of dollar, the delegation proposed that the foreign currency limit for people, who are ...
European Commission Vice President Says Italy Should Reconsider Budget Issue
BRUSSELS (UrduPoint News / Sputnik - 29th May, 2019) European Commission Vice President Valdis Dombrovskis said on Tuesday that has to review the situation with its , as the idea to increase deficit led only to deterioration of the country's economy. On Monday, a source close to the European Commission told Bloomberg that might launch disciplinary ...
Turkish Firm - Arcelik Invests More To Open Dawlance Experience Store In Peshawar
Mehmet Tfeki came for an official visit to Pakistan, where he also chaired the inaugural ceremony of the Experience Store, an innovative concept created to enhance the Consumer Retail Experience on Trade. The idea of Experience Store reflects Dawlance's vision to enhance the consumers' experience on Trade-Levels, by facilitating the shoppers with hands-on usage of products before purchasing. The ...
State Bank Of Pakistan Renews Status Of VIS, PACRA As Eligible External Credit Assessment Institutions
Banks and Development Finance Institutions using the standardized approach of Basel framework are allowed to use credit ratings assignedby VIS and PACRA for capital adequacy ratio calculation purposes.
Dollar Gains Rs 0.48 In Interbank, Closed At Rs 150.22
In interbank, the price of Euro increased by Rs 0.55 after which it traded at Rs 168.14 against Rs 167.59 of last day. The price of Japanese yen gained Rs 0.01 after which it traded at Rs 1.37 against Rs 1.36, whereas the increase of Rs 0.08 was witnessed in exchange rate of British Pound which was traded at Rs 190.34 ...
European Commission Vice President Says Italy Should Reconsider Budget Issue
BRUSSELS (UrduPoint News / Sputnik - 29th May, 2019) European Commission Vice President Valdis Dombrovskis said on Tuesday that has to review the situation with its , as the idea to increase deficit led only to deterioration of the country's economy. On Monday, a source close to the European Commission told Bloomberg that might launch disciplinary ...
Shipping Activity At Port Qasim 28 May 2019
Out of them, two ships Container Vessel MSC Luisa and Bulk cargo carrier Ly Cavitos sailed out to sea on Tuesday morning, and three more ships Bulk cargo carrier `Pyxis Ocean' Oil tanker `Shalamar' and Container vessel `Seamax Greenwich' are expected to sail on same day in the afternoon.
Govt Pays Rs 62 Bln To Textile Sector Under PM Exports Enhance Package
During the last 10 months, the ministry paid Rs 20.5 billion to the textiles industry while it intends to pay more incentive in the coming month, the official said. During the upcoming year, the government would pay further Rs 40 billion to the textile sector for value addition, which the official said would boost country's external trade. He said ...
State Bank Of Pakistan Mops Up Rs 152.150 Bln
The rate of return accepted is 12.20 percent per annum, said an SBP press release.
Eurozone Loan Growth Picks Up In April
The pace of growth in credit to the private sector reached 3.4 percent year-on-year last month, the European Central Bank said in figures adjusted for some purely financial transactions. Looking in more detail, loan growth to households ticked up to 3.4 percent, while expansion in credit to non-financial firms added 0. While the threat of deflation has been largely ...
Rs1837bn to be spent on development projects during next fiscal year
According to the development budget documents available with Dunya News, a total of Rs1837 billion would be spent on development projects, including more funds are being allocated for projects including roads, dams, energy, railway, higher education, FATA and green Pakistan. The federal government has allocated RsRs925 billion while the provincial governments have allocated Rs912 billion for the development budget, ...
Pakistani stocks lose 797 points due to wide sell-off
Bears wrested control as profit-booking was witnessed at the Pakistan Stock Exchange (PSX), where the benchmark index made an intraday low of -797 points to close at 34,949 levels, down 748 points or 2.1 percent. Volume leaders were FCCL (-5.2%), BOP (-2.7%) and UNITY (-6.8%). Cement sector came in for a hammering as investors opted to book profits where ...
Show-cause notice: PSX CEO Richard Morin resigns
Pakistan Stock Exchange (PSX) Chief Executive Officer Richard Morin has stepped down from the post and his resignation has been accepted by the board of directors with immediate effect on Tuesday, according to a notification shared on the PSX website. Company Secretary Muhammad Rafique Umer said in a notification:?We would like to inform you that Richard Morin has tendered ...
Govt to spend Rs286bn on agri sector in 5 years: Minister
ISLAMABAD (APP) ? Minister for National Food Security and Research Sahibzada Mehboob Sultan Tuesday said the incumbent government was fully focused on the development of agriculture sector and in this regard 13 projects worth Rs 286 billion would be launched during next five years to provide affordable and quality food products to the masses. Criticising the previous governments, Sahibzada ...
