Govt to facilitate investors, for attracting FDI: Razak Dawood
ISLAMABAD (APP) ? Adviser to the Prime Minister on Commerce Abdul Razak Dawood said that current government doing all the possible measures to facilitate investors in various sectors of economy to attract more Foreign Direct Investment (FDI). While welcoming the Bulgarian trade and investment delegation, Razak said the government is fully committed to introduce more business friendly reforms in ...
Govt to encourage private sector to boost exports: Secretary Commerce
He expressed these views while talking to Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq who is also Chairman of Faisalabad Industrial Estate Development and Management Company (FIEDMC) here, said a press release. Shedding light on Pak-China Free Trade Agreement (FTA), Sardar Ahmed Nawaz Sukhera said as there were no proper safeguards for domestic industry in FTA, hence, ...
Latest Gold Rate For May 21, 2019 In Pakistan
, 21 May 2019 is being sold for Rs 61,814 per 10 grams in Pakistan, and price of Gold is Rs 72,100 per Tola in Pakistan today. Since the gold prices are different in every city of Pakistan, the rates can be checked for each of the city at Urdu Point. Below is the table providing latest gold rates for the cities ...
TCS Group announces two senior level appointments on 36th anniversary
The TCS Group, the country?s largest logistics services infrastructure, has announced two senior level appointments on the occasion of its 36th anniversary. These appointments are a part of TCS?s ambitious growth plans to realise the true potential of its platform and continue delivering value for its customers nationwide and globally, whilst also connecting new regional trade lanes and deepening ...
US tech firms to take hit from Huawei sanctions
American firms last year sold an estimated $11 billion worth of components to Huawei, which was put on a blacklist last week by Washington over national security concerns as trade frictions grow between the US and China. The agency said it was granting Huawei a "temporary general license" through August 19 allowing for transactions "necessary to maintain and support ...
Pakistan emerges as major partner of BRI: Survey
BEIJING : Pakistan has emerged as a leading partner of the Belt and Road Initiative (BRI) introduced by President Xi Jinping six years back, according to a survey released at a media and think tank exchange event held in Nanjing, Jiangsu province, China.Fast and smooth functioning of CPEC makes Pakistan?s role most prominent in the community of the nations. ...
Rising inflation most serious threat to economy: APBF
Staff Reporter Lahore The All Pakistan Business Forum (APBF) has said that the most serious threat to the economy in the new fiscal year would be constantly rising inflation, as the consumer prices influenced by faster rupee depreciation and rise in energy prices have increased to their highest level in five years. APBF president Syed Maaz Mahmood lamented that ...
Gold price hits Rs71, 500 per tola
According to the Rawalpindi-Islamabad local Sarafa Association, the per tola price of 24-karat gold in the twin cities of Rawalpindi and Islamabad remained constant and was traded at Rs 69,800 and that of 10 grams gold was traded at Rs59,840.
Bakhtawari hosts farewell reception for outgoing Ambassador of Bulgaria
He informed that Roumen served 11 years as diplomat in Pakistan.He appreciated the efforts of Ambassador of Bulgaria for promoting bilateral ties and the initiatives he had taken to enhance cooperation and exchanges between the two friendly countries. The event was attended by Ambassadors, Head of Missions and Pakistanis Businessman?s Members of Federation of Pakistan Chambers of Commerce ...
SMEDA to establish product development center in Sialkot
Islamabad Endeavoring to increase quality production of composites based sports goods to enhance Pakistan?s exports, Small and Medium Enterprise Development Authority (SMEDA) is establishing product development center (PDC) in Sialkot to provide technical consultancy to Small and Medium Enterprises. Talking to APP on Monday an official of the SMEDA said with the estimated cost of 487.97 million, the center will ...
Govt to encourage private sector to boost export: Sukhera
Sardar Ahmed Nawaz Sukhera further said the government would also extend all-out assistance to exporters and try to make policies that would help promote the country?s exports all over the world.He said that modalities of new economic reforms were being considered, which included ease of doing business, regulatory reforms and enhanced competitiveness of exports. Shedding light on Pak-China Free ...
Bulgaria eying on more cotton, rice from Pakistan
Agricultural cooperation is included in the agenda of the 2nd meeting of Pak-Bulgaria Inter-Ministerial Commission (IGC) being hosted by Pakistan on 20-21 May, 2019 at Islamabad. Federal Minister said that Pakistan is world?s fifth largest milk producing country in the world and since Bulgaria has developed its strength in various areas of agriculture including livestock and animal breeding and ...
SECP launches first investor awareness video series
Staff Reporter Islamabad The Securities and Exchange Commission of Pakistan (SECP) has launched its first investor awareness video series, based on seven themes: capital market, commodities market, Islamic finance, insurance, mutual funds, anti-money laundering/CFT and company incorporation, through its JamaPunji web portal, Twitter and Facebook platforms. Drawing on the expertise of SECP officers, the interactive videos cover frequently asked questions (FAQs), ...
Weekly inflation falls 0.32pc
Staff Reporter Islamabad The weekly inflation for the week ended on May 16, for the combined income group, witnessed decrease of 0.32 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the combined group was recorded at 253.56 points against 254.38 points registered in the previous week, according to the latest data ...
Promoting tourism CAA begins development work on Swat, Chitral airports
Islamabad In line with Prime Minister Imran Khan?s move to promote tourism in the country, Civil Aviation Authority (CAA) has started development works for Swat, Chitral and Parachinar airports.
Electricity generation from waste on cards
The Minister said that Punjab government wants to launch a project for generating electricity from the waste and this project could be started from Lahore as a pilot project. The German group assured to invest in this project and said that a group will visit Punjab after the holy month of Ramadan and review the projects for generating electricity ...
Pakistan bound online remittances set to surge
The number of transfers made during this period was 44% higher than the average week that year, highlighting that Ramadan is an important time for the Pakistani diaspora to send money home to support their loved ones and communities. We also offer our senders and recipients notifications via SMS or Whatsapp when their transfers have been sent and delivered ...
Crackdown against dollar mafia demanded
Staff Reporter Lahore Founder Chairman Pak US Business Council, Chairman United Business Group and veteran trade leader Iftikhar Ali Malik Monday vehemently demanded result oriented aggressive crack down against dollar mafia in Pakistan which is playing havoc with the economy of the country. In a statement issued here today, Iftikhar Malik said that the sharp downfall in the ...
Embracing modern agriculture technologies to increase exports
Observer Report Islamabad Corn is considered an important crop in Pakistan because its significantly contributes to the domestic food and feed supply chain as well as in the preparation of various food products which are also exported. Access to a domestic source of corn grain has driven the poultry industry to favorable economic growth in the recent past, including increased ...
Tax consultants express reservations over amnesty scheme
Speaking at a seminar arranged by Rawalpindi Islamabad Tax Bar Association (RITBA), tax consultants Hafiz Muhammad Idrees, Habib Fakhruddin, President of RITBA Syed Tauqeer Bukhari and others said that the move will remain counterproductive if the anomalies were not rectified. Hafiz Muhammad Idrees, Habib Fakhruddin, and Tauqeer Bukhari noted that only those can get the benefit of the scheme ...
