Business & Finance

Category: Business

World Bank approves $12b to help developing countries get Covid vaccines

October 14, 2020 |

The World Bank has approved twelve billion dollars in funding for developing countries to buy and distribute coronavirus vaccines, corona tests and treatment. Head of the World Bank David Malpass in a statement said the financing will support vaccination of upto one billion people. He said it is part of an overall World Bank package […]

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ECC approves Rs4.98b for implementation of Interest Free Loans program

October 14, 2020 |

The Economic Coordination Committee of the Cabinet has approved 4.98 billion rupees for implementation of the Interest Free Loans program by Pakistan Poverty alleviation fund. The approval was granted at ECC meeting which met in Islamabad today (Wednesday) with Advisor on Finance Dr Abdul Hafeez Shaikh in the chair. ECC also allocated 10 billion rupees […]

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Punjab Agriculture Minister reviews wheat sowing strategy

October 13, 2020 |

Punjab Agriculture Minister Syed Hussain Jahania Gardezi said that this year wheat would be cultivated on 17,000,000 [17 million] acres of land, and more than 26,000,000 [26 million] tons of wheat yield was expected this year. He said this while presiding over a meeting held to review the wheat sowing strategy at the Agriculture House. […]

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1.5 mln ton wheat being imported through private sector: Ali Zaidi

October 13, 2020 |

Federal Minister for Maritime Affairs Ali Haider Zaidi says one point five million ton wheat is being imported through private sector to meet the shortage of the commodity. In a statement, he said artificial hike in prices of wheat and sugar is due to hoarding. Ali Haider Zaidi said over one point two million ton […]

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Govt, ITFC sign $386m agreement for import of oil, LNG

October 12, 2020 |

Pakistan and International Islamic Trade Finance Corporation have signed a financing agreement amounting to 386 million dollars for import of oil and LNG. The facility will be utilized by Pakistan State Oil Company Limited, Pakistan Arab Refinery Limited and Pakistan LNG Limited. During the signing ceremony, both the sides expressed the commitment to work closely […]

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Speakers agree to increase bilateral trade b/w Pakistan, Sri Lanka

October 12, 2020 |

The Federation Pakistan Chamber of Commerce and Industry (FPCCI) has launched the Publication on ‘Pakistan Sri Lanka Free Trade Agreement ‘ to enhance bi-lateral trade and promoting free trade between the two countries. The Federation of hosted the publication launching ceremony in Islamabad with Chairman, Senate Foreign Affairs Committee, Senator Mushahid Hussain Sayed, as the […]

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CDWP approves 8 projects worth Rs.36b

October 12, 2020 |

Central Development Working Party has approved 8 projects worth 36 billion rupees and recommended 7 projects worth 233.014 billion rupees to Executive Committee of the National Economic Council for consideration. The approval was given during today’s meeting of CDWP chaired by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, in Islamabad. Senior officials from Planning Commission […]

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Int’l Trade Expo to begin in Tianjin China from Monday

October 11, 2020 |

The International Trade Expo will begin online in Tianjin China from tomorrow. Companies from all over the world including Pakistan will showcase their products online in the Expo which will continue till 16th of this month.   Source: Radio Pakistan

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Concrete steps being taken for welfare of farmers: NA Speaker

October 10, 2020 |

Speaker National Assembly, Asad Qaiser says a special committee of the parliament on Agriculture sector would take cogent steps for welfare of farmers. Addressing a seminar on up-gradation of wheat seeds in Swabi on Saturday, he said for the first time, voice for welfare of farmers has been raised at the Assembly floor. The Speaker […]

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Govt working on a number of power projects: Mahmood

October 10, 2020 |

Khyber Pakhtunkhwa Chief Minister Mahmood Khan says the provincial government is working on a number of mega hydel power projects in the province. Presiding over a meeting in Peshawar on Saturday, he said utilizing huge hydel power potential of the province is need of the hour. The meeting was informed that more than three hundred […]

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Working groups will be formed to increase exports of gemstones: Gul Asghar

October 9, 2020 |

Chairman of Prime Minister’s task force on Gems and Jewelry, Engineer Gul Asghar Khan Baghoor has said working groups will be formed to increase exports of precious gemstones. Addressing a weekly meeting of the task force in Islamabad on Friday, he said one-window operation will also be introduced for the convenience of investors in this […]

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Plastic imports increase 3.78% in two months

October 9, 2020 |

The imports of plastic materials into the country has witnessed an increase of 3.78 percent during the first two months of current financial year 2020-21, as compared to the imports of last year. According to the Pakistan Bureau of Statistics, Pakistan imported plastic materials of worth 330.486 million dollars during July-August (2020-21) as compared to […]

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