Business & Finance : AsiaNet-Pakistan

Category: Business & Finance

Three US economists win Nobel Economics Prize-2019

October 14, 2019 |
A trio of American economists on Monday won the Nobel Economics Prize for their work in the fight against poverty, including with new approaches in education and healthcare.The Royal Swedish Academy of Sciences in a statement said Indian-born Abhijit B...…

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SIDB KP establishes network of Readymade Garment Centres in 10 cities

October 14, 2019 |
Small Industries Development Board Khyber Pakhtunkhwa has established a network of the Readymade Garment Centres in D.I. Khan, Bannu, Karak, Peshawar, Nowshera, Abbottbad, Mansehra, Dir Lower, Charsadda and Chitral.According to a spokesman of the board... Read More ...

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Govt to Launch ’50 Million Olive Tree’ Tsunami

October 14, 2019 |
The federal government is going to launch a '50 Million Olive Tree Tsunami' project across the country to help poor farmers.Prime Minister's Advisor on Climate Change Malik Amin Aslam announced this on Sunday after visiting the olive farms in Chakwal…

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Complex Legal Structures May be Used to Facilitate Money Laundering: SECP

October 14, 2019 |
The Securities and Exchange Commission of Pakistan (SECP) says that complex legal structures may be used to hide the 'ultimate beneficial ownership' by splitting shareholdings below the prescribed control level thresholds, which is (10%).According to a... Read More ...

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Three-day 3rd Int’l Carpet Expo to begin in Lahore on Tuesday

October 14, 2019 |
A three-day 3rd International Carpet Expo is beginning at Expo Center Lahore from tomorrow.The event has been organized by Pakistan Trade Development Authority and Pakistan Carpet Manufacturers and Exporters Association.More than one hundred and five f... Read More ...

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Pakistan’s Trade Deficit Fell by 35% in July-September 2019

October 12, 2019 |
Pakistan's trade deficit saw a decline of 35%, as it shrank to $5.72 billion from $8.79 billion in the first quarter of this fiscal year (July-September). There was a decrease of $3.06 billion in the trade deficit and almost all…

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Delegations of int’l financial institutions to visit Pakistan in October and November

October 12, 2019 |
Delegations of international financial institutions including the IMF, World Bank and the Asian Development Bank will pay visits to Pakistan in October and November as per the schedule. In a statement on Saturday, a spokesperson of finance ministry sai... Read

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Govt achieved real progress last year to create platform for sustainable development: Hafeez Sheikh

October 11, 2019 |
Advisor to Prime Minister Dr. Abdul Hafeez Sheikh says the Government has achieved real progress last year to create a platform for sustainable development.In a tweet today (Friday), he said the achievements came as a result of the stabilization measur...…

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Shell Pakistan Introduces Aluminum Tank Lorries for Fuel Transport

October 11, 2019 |
Shell Pakistan Limited (SPL) is dedicated to improving industry standards, setting benchmarks and bringing innovation to Pakistan's energy industry. Shell Pakistan recently inducted aluminum tank lorries for their dedicated Haulier fleet for the distri... Read More ...

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FBR Introduces Sales Invoicing App, Big Retailers Ordered to Switch by Dec 1st

October 11, 2019 |
The Federal Board of Revenue (FBR) asked all major retailers to ensure the installation of its point-of-sale invoicing app into their systems by the start of December. This will allow them to report their turnover to the tax authorities on…

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Remittance Inflows Show a Minor Improvement in September 2019

October 11, 2019 |
Remittances sent by overseas Pakistanis have registered a growth of 3.4 percent to Rs. 1.74 billion in September as compared to August. The remittance inflows are 17.6% higher than in September 2018.The country-wise details for the month of September 2...…

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ADB to provide loan of additional financing of $200m

October 11, 2019 |
Asian Development Bank will provide a loan of additional financing of 200 million dollars to Pakistan for social protection development project.Secretary Economic Affairs Division Noor Ahmed and Country Director ADB Ms. Xiaohong Yang signed the loan ag... Read More ...

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