Business : AsiaNet-Pakistan

Category: Business

Pakistan’s digital transformation crucial to meet economic challenges: President

June 26, 2020 |

President Dr. Arif Alvi, while underscoring the need for digital transformation of Pakistan, has said that the step would prove to be a major milestone towards the development of national economy. Chairing a meeting of the Committee on Emerging Technologies in Islamabad, he said the economic as well as administrative challenges could be well tackled […]

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Mian Aslam vows to ensure 100% colonization of industrial estates

June 25, 2020 |

Punjab Minister of Industries and Trade Main Aslam Iqbal has said that establishment of industrial units in the industrial estates will generate employment opportunities. Chairing a meeting of board members at Punjab Small Industries Corporation Office in Lahore, the minister assured that hundred percent colonization of industrial estates will be undertaken across the province. He […]

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Pakistan receives $1.5b for COVID-19, development assistance from WB, ADB, AIIB

June 25, 2020 |

Pakistan has received 1.5 billion dollars in COVID-19 and development policy related assistance from the World Bank, Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB). This was stated by Ministry of Finance in a tweet on Thursday. The Ministry said the Pakistan Government is very grateful to its development partners for this critically […]

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President urges MNFSR to enhance export of mangoes

June 25, 2020 |

President Dr. Arif Alvi has asked the Ministry of National Food Security and Research to chalk out a plan of action focusing on enhancing export of mangoes. Chairing a meeting to increase the export of mangoes through trade diplomacy in Islamabad today [Thursday], he said that value addition and an aggressive marketing strategy is needed […]

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Farmers advised to start sesame cultivation

June 24, 2020 |

Farmers have been advised to start sesame cultivation immediately and complete it by mid of July for getting bumper crop. Spokesman of Punjab Agriculture Department Najaf Abbas said in a statement that sesame is playing a vital role in meeting the food needs, therefore, its cultivation should be made on maximum space. He said that […]

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ICCI urges Govt to waive off six-month rent of small traders

June 24, 2020 |

Senior Vice President, Islamabad Chamber of Commerce and Industry (ICCI) Tahir Abbasi said businesses have been ruined due to coronavirus and lockdown was still going on in different areas of Islamabad. He said the situation has sent small traders to the point of starvation, and urged the government either waive off six-month rent of small […]

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Cabinet Committee meeting of SoEs held in Islamabad

June 24, 2020 |

Meeting of the Cabinet Committee on the State-owned Enterprises was held in Islamabad today (Wednesday) with Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh in the chair. It discussed the governance reforms on the state-owned enterprises and the reconstitution of the Board of Directors of Sarmaya-i-Pakistan Limited. The meeting decided to set […]

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Punjab cabinet to decide on “early release” of wheat to mills

June 24, 2020 |

The Punjab government on Tuesday decided to refer the matter of early “release of wheat and its price” to the provincial cabinet for stabilising the commodity and flour rates in the market, which have been rising since the end of procurement season. Chief Minister Usman Buzdar presided over a meeting at his office to review […]

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IT to help Pakistan promote trade with Canada

June 23, 2020 |

Pakistan’s High Commissioner to Canada Raza Bashir Tarar said keeping in view the COVID-19 pandemic, the business and trade between Pakistan and Canada could be promoted well by taking the advantage of the information technology (IT). The high commissioner said use of IT would mitigate the economic fallout from this pandemic, said a news release […]

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SECP extends timeline for AMCs to complete investor’s suitability assessment

June 23, 2020 |

To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is July 24, 2020, said a press […]

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ECC gives go-ahead to private sector to import wheat to control prices of wheat and flour

June 22, 2020 |

Economic Coordination Committee has given go-ahead to the private sector to import wheat to control prices of wheat and flour in the market and to ensure availability of both the commodities at reasonable prices across the country. The ECC meeting was held in Islamabad today (Monday) with Adviser to the Prime Minister on Finance and […]

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Tourism to play major role in economic revival of country: Junaid

June 22, 2020 |

Managing Director Tourism Corporation Khyber Pakhtunkhwa Junaid Khan says tourism will play a major role in the economic revival of the country. In a statement in Peshawar, he said the provincial government has allocated more than four point four billion rupees for roads infrastructure in Malakand and Hazara division in the 2020-21 budget. Junaid Khan […]

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