Business & Finance

Category: Business

Govt taking steps to boost exports: Hafeez

January 20, 2021 |

Finance Minister Dr Abdul Hafeez Shaikh says government is taking steps to boost exports. Talking to a delegation of Leather Garments Manufacturers and Exporters Association in Islamabad on Wednesday, he assured all possible measures to address problems faced by the leather industry, including early payment of refunds. Opportunities in enhancing leather garment industry were also […]

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ECC approves reduction of Withholding Income Tax on commercial import of white sugar

January 20, 2021 |

Economic Coordination Committee has approved reduction of Withholding Income Tax on commercial import of white sugar and raw sugar form 5.5 percent to 0.25 percent and removal of Value Added Sales Tax on import of white sugar. The approval was accorded at ECC meeting, which met in Islamabad on Wednesday with Finance Minister Dr. Abdul […]

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Sheikh for streamlining daily release of wheat to ensure steady supply in provinces

January 19, 2021 |

Minister for Finance and Revenue, Dr Abdul Hafeez Sheikh has directed the provincial governments to follow a self-sustaining model and streamline daily release of wheat to ensure steady supply in the provinces. Chairing the meeting of the National Price Monitoring Committee in Islamabad, he directed the Ministry of National Food Security and Research to chalk […]

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Pakistan is one of the largest potential e-commerce markets: Dawood

January 19, 2021 |

Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood says Pakistan is one of the largest potential e-commerce markets in the world. In a tweet on his official twitter account, he appreciated the e-commerce promoter ‘Bazaar Technologies’ on successfully raising 6.5 million dollars. The Advisor said this is impressive considering the fact that […]

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BBIT urges investors to invest in minerals sector of Balochistan

January 18, 2021 |

Chief Executive Officer Balochistan Board of Investment and Trade (BBIT) Farman Zarkoon has said that the province has tremendous opportunities for domestic and foreign investors in the minerals sector. In a statement issued in Quetta, he said that high quality minerals have been discovered from different parts of the province including Recko Dik, Saindak and […]

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Over Rs8bn loans approved under Kamyab Jawan Programme: Usman Dar

January 17, 2021 |

Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar Sunday said soft loans amounting to Rs 8.08 billion were approved under the Prime Minister Kamyab Jawan Programme’s Youth Entrepreneurship Scheme (YES) so far. In an exclusive interview with APP, he said the government had a target to create more than 50,000 […]

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Govt keen to support SMEs, facilitate ease of doing business: Dawood

January 15, 2021 |

 Prime Minister’s Advisor on Commerce Abdul Razak Dawood has reiterated government’s commitment to support SME sector and facilitating their ease of doing businesses in Pakistan. He expressed this resolve, while talking to a delegation of Peshawar Chamber of Small Traders and Small Industry in Islamabad today. During the meeting, the delegation apprised the Advisor of […]

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Pakistan opens bids for 20 onshore blocks for grant of Petroleum Exploration Rights

January 15, 2021 |

Directorate General of Petroleum Concessions has publicly opened bids for 20 onshore blocks for grant of Petroleum Exploration Rights through open bidding today at Petroleum House, Islamabad. According to a press release of Ministry of Energy, the minimum investment to be carried out by the Exploration and Production companies in these blocks for prospecting will […]

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UK wants to increase bilateral trade with Pakistan: UK Trade Director

January 15, 2021 |

The United Kingdom wants to increase bilateral trade with Pakistan from existing three billion pound to ten billion pound, to achieve mutually beneficial outcomes for both countries. This was stated by UK Trade Director for Pakistan, Mike Nithavrianakis, while addressing the business community during his visit to Islamabad Chamber of Commerce and Industry in Islamabad […]

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Pakistan’s textile sector has immense potential for expanding share in EU market: Zaheer

January 15, 2021 |

Ambassador of Pakistan to Belgium, Luxembourg and the European Union Zaheer Ahmed Janjua has said the textile sector of Pakistan has immense potential for further expanding its share in the European Union market. Speaking at a virtual meeting with the Pakistan Textile Council, he underlined that Pakistan’s exports in textile and clothing products to EU […]

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Moody’s improves its rating for Pakistan’s banking sector

January 14, 2021 |

The international credit rating agency Moody’s has improved its rating for Pakistan’s banking sector as stable. Moody’ Investors Service report said that the government’s credit profile is stable due to ongoing reforms and increasing policy effectiveness. It said stable outlook for Pakistan’s banking system reflects banks’ solid funding and liquidity. The report said deposit-based funding […]

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Significant growth shown by LSM sector, testament of govt’s efforts: Dr. Hafeez

January 14, 2021 |

Finance Minister, Dr Abdul Hafeez Shaikh has said that large scale manufacturing showed significant growth last year, which is testament of PTI government’s efforts to encourage industrialization and generate new employment opportunities in the country. In a tweet, he said the large scale manufacturing posted double-digit growth of 14.5 percent in November last year as […]

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