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TDAP ready to explore foreign tourist markets for Pakistan

LAHORE: Trade Development Authority of Pakistan (TDAP) will organize a webinar on “New Normal for the Tourism Sector of Pakistan: Exploring Tourist Markets with Missions Abroad” on December 4, Friday. TDAP Director General Shahzad Ahmed Khan, Assistant Director Ali Yar Khan, leading tourism industry experts and Trade & Investment counsellors from China, Malaysia and Thailand will address the event through ... Read More »

CDWP approves four projects worth Rs16b

ISLAMABAD: The Central Development Working Party (CDWP) approved four projects worth Rs16.02 billion and recommended one other worth Rs37.91 billion to the Executive Committee of the National Economic Council (ECNEC) for consideration. In addition, the CDWP agreed on the ‘Covid-19 Responsive and Other Natural Calamities Control Program’ worth Rs70 billion. The CDWP meeting, chaired by Planning Commission Deputy Chairman Mohammad ... Read More »

Pakistan’s exports increase by 7.2pc amid COVID-19 pandemic

ISLAMABAD: Pakistan’s exports crossed the $2 billion mark for a second consecutive month in November, Adviser to the Prime Minister on Commerce Razak Dawood announced in a tweet Tuesday. The commerce adviser said exports have increased by 7.2% year-on-year in November, according to the provisional figures received by the government. “We have just received provisional figures for export of goods. ... Read More »

Car prices increased by upto Rs100,000 despite USD depreciation

ISLAMABAD: Two major auto manufactures have raised the prices of their vehicles in the range of Rs60,000 to Rs100,000. The price of Corolla 1.6 MT has increased by Rs. 60,000 at Rs. 3.219 million, while Corolla 1.6 AT will cost Rs.3.369 million after an increase of Rs.60,000. According to the notification, the company increased the price of Corolla 1.6 MT ... Read More »

AC adjourns hearing of assets reference against Ishaq Dar

ISLAMABAD: An accountability court in Islamabad has adjourned the hearing of assets reference against former finance minister Ishaq Dar due to absence of the defence counsel. The accountability court’s judge Mohammad Bashir heard the assets reference against Ishaq Dar. Co-accused Naeem Mehmood and Mansoor Raza appeared in the hearing. The assistant lawyer told the court that defence counsel Qazi Misbah ... Read More »

FIA asked to probe Rs80bn misappropriation in Nandipur power project

ISLAMABAD: Power Division Minister Omar Ayub Khan has said that the previous government had signed expensive energy agreements to generate costly electricity to fill its pockets and ignored refurbishing of the transmission lines. Talking to the media persons along with Special Assistant of the Prime Minister on Petroleum Division Nadeem Babar, Omar Ayub said that due to efforts of the ... Read More »

Anti-rabies vaccine scam: Quetta health DG remanded in NAB custody

QUETTA: An accountability court in Quetta granted on Tuesday 14-day physical remand of Quetta’s director general of health Dr Shakir Baloch and Shaikh Khalifa Bin Zayed Hospital medical superintendent Abdul Ghaffar Baloch in a graft case. The court directed the National Accountability Bureau (NAB) to produce both accused before it upon expiry of their physical remand along with a progress ... Read More »

China hails Pakistan’s participation as special partner at CAEXPO

BEIJING: China has appreciated Pakistan’s participation as a special partner of cooperation in the 17th China-ASEAN Expo (CAEXPO) held in Nanning, Guangxi province of China. According to the Chinese Foreign Ministry spokesperson, the participation shows the country’s sincere wish to strengthen cooperation with China and ASEAN countries. “As you said, this year for the first time, Pakistan was invited as ... Read More »

LPG price increased by Rs2 per kg

ISLAMABAD: Liquefied Petroleum Gas (LPG) price has been increased by Rs2 per kg for the month of December 2020. According to the notification issued by the Oil and Gas Regulatory Authority (OGRA), the price of domestic LPG cylinder has been increased by Rs23 and commercial cylinder by Rs88. According to the notification, LPG will now be sold at Rs132 per ... Read More »

Mian Aslam Iqbal suspends audit notices issued to textile millers

LAHORE: Punjab Minister for Industries and Trade Mian Muhammad Aslam Iqbal has suspended audit notices issued by the Social Security Department due to the ongoing Covid-19 pandemic. He announced this in a meeting with a delegation of All Pakistan Textile Mills Association (APTMA) headed by its Central Chairman Adil Bashir. APTMA Northern Zone Chairman Abdul Rahim Nasir and APTMA Executive ... Read More »

Visitors shop at Pakistani pavilion at China-ASEAN Expo

BEIJING: A large number of visitors showed keen interest in Pakistani products displayed at Pakistan pavilion set up in the exhibition area of the 17th China-ASEAN Expo (CAEXPO) being held in Nanning, Guangxi province China. Pakistan traders and businessmen exhibited jewellery, precious stones, marble, carpets, furniture, handicrafts, and sports goods at the stalls set up in the Pakistan at their ... Read More »

Italian envoy stresses to enhance Pak-Italy bilateral trade

ISLAMABAD: The Italian Ambassador to Pakistan, Andreas Ferrarese on Sunday stressed to enhance the bilateral trade between Pakistan and Italy to its full potential from current $1.7 billion to $5 billion annually. Both sides interested to achieve the trade balance as currently Pakistan has a trade surplus with Italy in FY 2019-20, the Ambassador said. Replying to question, he said ... Read More »

President Alvi proposes ‘trade triangle’ between Pakistan, China & ASEAN

ISLAMABAD: President Dr Arif Alvi has proposed establishing a trade triangle between Pakistan, China and Association of Southeast Asian Nations (ASEAN) to maximise the quantum of intra-regional business opportunities. In his virtual address to the 17th China-ASEAN Expo held in China’s Nanning city, the president said that Pakistan’s stable macroeconomic policies and ease of doing business offered an attractive market ... Read More »

Plastic import increases 3.32pc in 4 months

ISLAMABAD: The import of plastic material into the country witnessed an increase of 13.32 percent during the first four months of the current financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported plastic worth $701.579 million during July-October 2020-21 as compared to the imports of $619.097 million during July-October 2019-20, according to data released by ... Read More »

Britain offers support to mitigate socio-economic impact of Covid-19

ISLAMABAD: The British High Commissioner, Christian Turner, Thursday offered to provide all possible help from the British government for the people of Pakistan in mitigating the socio-economic impact of COVID-19 pandemic. The ambassador extended this offer during a call on meeting with Adviser to Prime Minister on Finance and Revenue. Dr. Abdul Hafeez Shaikh here. During the meeting, the adviser ... Read More »

Cement exports increase 11.79pc during July-October 2020

ISLAMABAD: The exports of cement from the country witnessed an increase of 11.79 percent during the first four months of ongoing financial year (2020-21) as compare to the corresponding period of last fiscal year. The country exported cement worth US $150.544 million during July-October (2020-21) as against the exports of US $94.409 million during July-October (2019-20), showing growth of 11.79 ... Read More »

Hafeez expresses confidence on P&P Commission for streamlining basic pay

ISLAMABAD: Advisor to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Sheikh Thursday expressed confidence that the Pay and Pension Commission would come up with a financially viable solution to streamline the basic pay scales of government employees, admissible allowances and pensions. The advisor said the Commission would follow a consultative process to resolve the burgeoning expenditure on ... Read More »

There will be no shortage of gas in country: Nadeem Babar

ISLAMABAD: Prime Minister s Special Assistant on Petroleum Division Nadeem Babar says there will be no shortage of gas in the country as the government is making all out efforts in this regard. Talking to media along with Minister for Information and Broadcasting Syed Shibli Faraz, on Wednesday, he said LNG terminals are being run on full capacity, while arrangements ... Read More »

Export of sports goods falls 14.29pc in four months

ISLAMABAD: The exports of sports goods from the country witnessed decrease of 14.29 percent during the first four months of the ongoing financial year (2020-21) against the exports of corresponding period of last year. The country exported sports goods worth US $ 87.069 million during July-October (2020-21) against the exports of US $ 101.590 million during July-October (2019-20), showing negative ... Read More »

Pharmaceutical exports increase 22.29 percent in four months

ISLAMABAD: The export of pharmaceutical goods witnessed an increase of 22.29 percent during the first four months of current financial year (2020-21) as compared to the export of corresponding period of last year. The pharmaceutical exports were recorded at $89.431 million during July-October (2020-21) as against the export of $73.129 million during July-October (2019-20), showing growth of 22.29 percent, according ... Read More »

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