Pakistan imports from China reduce by 9.46pc in 8 months
(Web Desk) – China remained the top exporter to Pakistan during the first eight months of the current fiscal year, followed by the United Arab Emirates (UAE) and Singapore. The total imports from China during July-Feb (2018-19) were recorded at $6,633.191 million against $7326.706 million during July-Feb (2017-18), showing a decrease of 9.46 percent during the period. The UAE exported goods worth ...
Pakistan rupee likely to fall further against dirham after IMF loan package
DUBAI (Web Desk) - Pakistani rupee is expected to depreciate by another 20 per cent of its value in next three years under a free-float exchange rate mechanism agreed with the International Monetary Fund (IMF) for $6 billion financial package last week, Khaleej Times reported. The rupee will be stabilising at 180 against the US dollar (49 versus dirham) ...
No ambiguity in tax amnesty scheme: Shabbar Zaidi
LAHORE (Dunya News) - Chairman of the Federal Board of Revenue (FBR) Syed Shabbar Zaidi said that they would welcome suggestion by business community and there should be no ambiguity in tax amnesty scheme introduced by the current government. Shabbar Zaidi said that business atmosphere should not be affected due to confrontation among politicians.He said atmosphere of fear ...
Rashakai SEZs have huge strategic significance: BOI
ISLAMABAD??? -?? Chairman Board of Investment (BoI) Haroon Sharif Sunday said that? Rashakai, Special Economic Zones (SEZs) had a strategic significance as it was closer to Afghanistan and resources rich Central Asian Republics (CARs). Rashakai SEzs was a joint venture between the Chinese company of China Road and Bridge Cooperation (CRBC) and Khyber Pakhtunkhwa government aiming to provide the ...
SCCI proposes reforms in duty, tax for budget
SIALKOT??? -??? Sialkot Chamber of Commerce and Industry (SCCI), in its proposals for federal budget 2019-20, suggested that current mark-up rate on Export Refinance schemes not to be enhanced. Especially, mark-up rate under Export Refinance Schemes should not be enhanced to maintain the competitiveness of the export business, says a press release issued by SCCI. It is also proposed ...
Bangladesh-China Silk Road Forum launched in BD
?Congratulate and thank you for initiative to establish the forum.? ?The BRI is not only one of the important initiatives of our time but it is also very needful in fixing our (Bangladesh development) priorities,? he said. Ambassador Zhang said, ?Our all-round cooperation is booming in all sectors like politics, economy, military, agriculture, law enforcement, science and technology and ...
CPEC carries rich potential for Pak economic growth: Asad
CPEC has delivered benefits to both China and Pakistan, a Pakistani official said, questioning the double standards of certain countries on investment and rebutting the ?debt trap? allegations. The unfounded charges hurled at China?s investment in foreign countries are designed to create ill feelings among people by attempting to cast aspersions on motives of Chinese investment, said Asad Umar, ...
PTI won elections but lost to IMF: Business leader
ISLAMABAD - Pakistan Tehreek-e-Insaf remained successful in the last general elections but failed in dealing with the IMF according to the national interests, a business leader said Sunday. Masses and the economy are paying the price of wrong decisions and inaction of the government while all the critical decisions are being taken by the IMF officials, said Shahid ...
Fish farming a lucrative business
Following construction of 38 new carp and 56 trout fish farms and hatcheries during last five years of PTI Govt, the fish production has exceeded 3200 tons per annum to cover food requirements of 30.5 million people in the province, a spokesman of KP Fisheries Department told APP. In addition to provision of 834,800 fish stocking of fry and ...
Drilling results at Kekra-I show good reservoir but water wet: PD
ISLAMABAD?? -?? Petroleum Division (PD) of the Energy Ministry Sunday said the results of four-month offshore drilling at Indus G-Block called Kekra-I, some 230-km off the Karachi coast, had shown good quality hydrocarbon reservoir but unfortunately these were water wet. ?After the well control operations, the 6 Open Hole section drilling was resumed on Friday .The reservoir was encountered ...
Services trade deficit shrinks 41.38pc
The services during July-March (2018-19) was recorded at US$ 2.532 billion against the deficit of US$ 4.320 billion during July-March (2017-18), showing decline of 41.38 percent, official data revealed. The services? imports into the country during the period under review decreased by 21.81 percent to US$6.479 billion from US$ 8.286 billion last year, according to latest data of ...
CDNS expects similar profit rates for various saving certificates
ISLAMABAD - The Central Directorate of National Savings (CDNS) has hoped similar revision in the profit rates for various saving certificates, which has been applicable from January 1, increasing the trend of people investing more at the CDNS. “The The similar revision was made in the backdrop of current market scenario and in accordance with the ...
Hawala hundi: FIA arrests 3, recovers Rs 32m
FIA Deputy Director Irtaza Haider told a press conference here on Sunday that the Agency conducted raids in Dera Ghazi Khan and Dera Ismail Khan and arrested Muhammad Naeem, Nazir Hussain and Rafiullah and recovered Rs 32 million in cash from them.
China, Asean agree to continue efforts for peace, uplift
According to Chinese Foreign Ministry press release, agreement reached during a meeting of senior officials from China and ASEAN member countries in Hangzhou city on Sunday. At the meeting, all sides made in-depth exchanges of views on comprehensive, effective implementation of the Declaration on the Conduct of Parties in the COC, further pragmatic maritime cooperation as well as consultation ...
Cement export grows in three quarters despite challenges
Lahore? -??? The export of cement from the country has registered a positive growth despite multiple challenges in India and Afghanistan markets, as the cement exports witnessed an increase of about 56 percent, in terms of quantity, to 5.18 million tons during first three quarters of FY19 against 3.34 million tons of the same period of FY18, leading to ...
Pakistan Post to open rest houses for general public
These rest houses have been distributed in three categories; A,B&C according their daily rent, which has been settled according to their location, condition and services. would charge Rs3,000 per night for its 15 category-A rest houses, which are located at Karcachi City, Multan, Jehlum, Mianwali, Rawalpindi, Peshawar, Natyia Gali, Hyderabad, Sukkur, Shadman Lahore, Lahore Cant, Sialkot GPO, Sialkot Cant, ...
PDWP approves five development schemes
LAHORE : The Punjab Provincial Development Working Party (PDWP) has approved five development schemes of various sectors with an estimated cost of 2625.596 million rupees. Chairman Planning and Development (P&D) Habib ur Rehman Gilani presided over the 26th meeting of PDWP of current fiscal year 2018-19 held here on Saturday which gave approval of these schemes. All members of the Planning & ...
Giving up control over US dollar proved catastrophic: PEW
Dr Murtaza Mughal said that the business conditions continue to deteriorate for the last nine months, instability has become the order of the day while the government policies have emerged as a recipe for economic disaster.
Ministry of Postal Services opens rest houses across the country
The people can avail the facility of residence at these rest houses by paying minimum amount of 1200 rupees and maximum 3000 rupees.
Canada vows ‘full steam ahead’ on ratifying trade pact after US lifts metals tariffs
OTTAWA? -?? Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. U.S. President Donald Trump had imposed the global ?Section 232? tariffs of 25% on steel and 10% on aluminum in March 2018 on ...
