February 22, 2019: Following a comprehensive bidding and evaluation process and exhaustive technical negotiations, the Pakistan Water and Power Development Authority (WAPDA) in a meeting held today accorded approval to award contract to
February 22, 2019 (MLN): Pakistan’s terms of trade have not only been adverse, but have also deteriorated over the years, which has unfavorably impacted the economy in terms of growth and balance of
February 22, 2019 (MLN): The Financial Action Task Force (FATF) has pronounced Pakistan’s efforts to curb terror financing and money laundering as ‘limited’ based on the country’s inability to demonstrate a proper understanding
February 22, 2019: Federal Minister for Planning Development and Reform Makhdum Khusro Bakhtyar has said that 12th Five Year Plan has extensively covered growth, macro stability, expand agriculture production, galvanize agro-business potential, industry
February 22, 2019: The government has released a sum of Rs. 33,365.570 million for various water and power projects in annual Public Sector Development Programme (PSDP) for fiscal year 2018-19 so far. According
February 22, 2019 (MLN): Pakistan’s Sensitive Price Index (SPI) for the combined group during the week ended February 21, 2019 has inched up by another 0.34% over the week whereas change as compared
February 22, 2019: The Senate Standing Committee on Privatization, was informed on Friday that the Privatization Commission had so far managed to generate revenues of Rs 649 billion through its divestment operations, while
February 22, 2019 (MLN): Minister of Revenue Mr. Hammad Azhar has briefed the media regarding Mini Budget saying that it will be approved within one week. Adding on he reminded that the government
February 22, 2019: Finance Minister, Asad Umar on Friday said that decisive actions by the government to rescue economy was showing visible positive results as indicated by the Current Account Balance position of
February 22, 2019 (MLN): As per a notice issued by the Ministry of Commerce and Textile dated February 19, the Federal Government has directed further amendments to the import policy, some of which
February 22, 2019: Tokyo stocks opened slightly lower on Friday, tracking overnight falls on Wall Street. The benchmark Nikkei 225 index fell 0.31 percent or 65.96 points to 21,398.27 in early trade while
February 22, 2019: Prime Minister Imran Khan reiterated his call for maximum possible cut in expenditure and directed all the ministers to ensure the implementation of austerity drive in letter and spirit. Addressing
February 22, 2019: Finance Minister Asad Umar says decisive actions taken by the incumbent government will bring visible positive economic results. In a tweet, he said current account deficit during the last month
London, Feb 21: Eurozone stock markets gave a lacklustre performance Thursday after gains in much of Asia as traders eyed talks between China and the US they hope will finally resolve a long-running
ISLAMABAD, Feb 21: Pakistan and Belgium Thursday signed a Memorandum of Understanding (MoU) for enhanced bilateral cooperation in the areas business and investment. The historic MoU was signed between the Trade Development Authority
The Large Scale Manufacturing Industries (LSMI) in the country witnessed an impressive 5.6 percent growth during the fiscal year 2016-17 as compared to output of last year. The country’s LSMI Quantum Index Numbers (QIM) was
Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry has called upon the government to offer special incentives and dedicated space to young entrepreneurs for investing in CPEC Special Economic Zones so that youth
As the prime minister and his new cabinet have taken the charge, all Pakistan Business Forum president Ibrahim Qureshi has congratulated them, asking the new government to adopt a holistic approach aimed at developing both
Islamabad: August 18, 2017 – Japanese Ambassador Takashi Kurai called on Finance Minister, Senator Mohammad Ishaq Dar here on Friday. They discussed matters related to economic and trade relations between the two countries. Ambassador Korai
Oil tankers association has again called a strike from August 21, halting oil supplies across the country as they rejected the ruling of the Oil and Gas Regulatory Authority and National Highway Authority. A series
Pakistan can achieve objective of economic development and become a major industrial zone by attracting Chinese investment and surplus production because of its low labor cost and big consumer market. “China is a huge economic power
The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has failed to safeguard the interests of the business community reeling under multiple problems while it has also remained unsuccessful to give any solid recommendations
A Polish oil and gas company, PGNiG, would drill 14 exploration wells in hydrocarbon potential areas during the current year. “The company has planned to step up its exploration and production activities and take the
An official of Institution of Engineers Malaysia (IEM) arrived here on Friday on a three-day visit for mentoring full membership of International Professional Engineers Agreement (IPEA). Dato Ir. Dr. Gue See Sew, was welcomed by Chairman of
Prime Minister Shahid Khaqan Abbasi on Friday directed Ministry of National Health Services to formulate a comprehensive plan for expanding outreach of Prime Minister’s National Health program to all parts of the country and to provide relief
A group of Pakistan Business Council met Prime Minister Shahid Khaqqan Abbasi asking for long-term policies and restructuring of export package to promote value-added exports over a 10-year horizon. “Short-term measures are not sustainable,” Pakistan
Pakistan is all set to establish National Broadcasting and Film Commission purported to encourage the revival of the film industry and creation of enabling environment for the artists, producers and film makers to demonstrate their
A “Mango Festival” was organized by Embassy of Pakistan, Beijing on Thursday in a series of events to celebrate the 70th Independence anniversary of Pakistan. The festival was supported by Pakistan Horticulture Development Company and Ministry of Commerce, Pakistan, says a press
Federal Board of Revenue (FBR) has rebutted a news report appearing in a section of the press claiming the online transfer of Rs 23 billion sales tax refund to the claimants/exporters had not been initiated
Minister for Interior Prof Ahsan Iqbal Thursday said democratic continuity and political stability were vital to economic progress and now was the time that in Pakistan geo-economics should take over geopolitics. Speaking at the three day Pakistan Development Summit and
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