Business

The federal government on Friday presented a proposed budget of Rs. 9.502 trillion for the fiscal year 2022-23. Following is the breakup of resources and expenditure for federal budget 2022-23:- TOTAL RESOURCES (I to V): Rs. In Billion:  9,502 (FBR) – Federal Consolidated Fund:  7,004 Non-Tax Revenue: 2,000 a) Gross…

To sensitize the private/business sector and incorporate their valuable input and suggestions, a pre-budget conference on Business, Agriculture and IT has been planned on Tuesday (June 7).The conference will provide opportunity to renowned businessmen, agriculturists and IT experts to deliberate, exchange new ideas and present recommendations on IT, Agriculture, Textile,…

Minister for Planning, Development, and Special Initiatives Ahsan Iqbal on Saturday said the size of the federal development budget under the Public Sector Development Programme (PSDP) has been set at Rs 800 billion for the upcoming fiscal year 2022-23. He said the Gross Domestic Product (GDP) growth target for the…

Coalition for Tobacco Control Pakistan (CTC-Pak), a coalition of more than 100 civil society organizations, has urged upon the government to raise taxes on cigarettes in the next budget as smoking is causing health hazards and increasing health expenditures in Pakistan.Coordinator, CTC-Pak said that raising the price of tobacco products…

The Small and Medium Enterprises Development Authority (SMEDA) will organize  one day training program on “Pakistan Single Window” for profitable business growth on 24th of this month. The workshop will be held at Pakistan Electric Fan Manufacturers Association (PEFMA), Gujrat, according to sources in the authority. The session will be…

The Pakistani rupee surpassed the anticipated level of Rs200 in the open market against the US dollar after shedding Rs2.5 on Wednesday. Meanwhile, in the interbank market, the local currency continued to be on a slippery slope, and with a fresh decline of Rs3.87, or 1.34% in a single day,…

 Dollar reached another high against the rupee, climbing past Rs194 in the interbank market, as analysts continue to express concern over the country’s rising import bill. According to the Forex Association of Pakistan (FAP), the greenback gained Rs1.30 from Friday’s close to reach Rs194.30 around 11:30am in the interbank trade.…

The Pakistan Stock Exchange was bearish on Monday. The KSE-100 Index closed today at 46539.59 points as compared to 46601.54 points on the last working day with a negative change of 61.95 points. The total turnover was 255,608,677 as compared to 365,789,899 on the last working day with G3 technologies…

The SAARC Chamber of Commerce and Industry Saturday praised the prudent decision of Pakistan for sending positive signals to India, US, China and other countries for better ties in the days to come for durable peace  in the region coupled with sustainable economic growth. Talking to a delegation of traders…

The Pakistan Stock Exchange was bullish today (Tuesday). The KSE-100 Index closed today at 46407.26 points as compared to 46144.96 points on the last working day with a positive change of 262.30 points. The total turnover was 493,597,955 as compared to 557,672,451 on the last working day with World call…

President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik has said that Pakistan’s prudent decision of barter trade with Afghanistan and Iran would further strengthen trilateral trade relations and foster existing economic ties among the three neighbouring Muslim countries. Talking to a delegation of traders led by Waqas Anjum…

In Khyber Pakhtunkhwa, teams of district administration are monitoring prices of food items in Ramazan sasta bazaars. In a recent crackdown on Charsadda road, Assistant Commissioner Peshawar Umar Owais Kiani visited the butchers’ shops to review the price of meat. The Assistant Commissioner sealed the shops of butchers for selling…

Ambassador of Turkmenistan to Pakistan, Dean of Diplomatic Corps said that his country is keen to promote trade ties with Pakistan as both countries have good potential to do trade in many items. He was talking to President, Islamabad Chamber of Commerce and Industry Muhammad Shakeel Munir at the Embassy…

The Huawei released its 2021 Annual Report today, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved USD 99.9 billion in revenue in 2021, and USD 17.8 billion in net profits, an increase of 75.9% year-on-year. The company’s R&D expenditure reached…

President Dr. Arif Alvi has urged banks to ensure fool-proof security of account holders’ deposits and personal data in view of the increasing cyber crimes the world over. He emphasized that all kinds of complaints of customers should be taken seriously to avoid delay and unnecessary litigation as well as…

The Economic Coordination Committee has approved revision of minimum support price of wheat crop from 1950 to 2,200 per 40 kilogram. The Committee met in Islamabad today [Thursday] with Finance Minister Shaukat Tarin in the chair. It approved wheat procurement target for Punjab to the tune of 4.00 MMT with…

Senior officials of Commerce ministries of Pakistan and Afghanistan meet at Torkham today [Monday] to discuss various important matters related to smooth movement of people and patients across the border. Adviser to the Prime Minister on Commerce and Industry Abdul Razak Dawood will lead the Pakistan side while the Afghan…