PFMA demands internationalization of wheat prices by formation of Wheat Board on April 19, 2018KARACHI: Pakistan Flour Mills Association PFMA has called for establishment of “Wheat Board” for determination of wheat prices in the country with respect to international prices. Addressing a press conference here at Karachi Press Club the Chairman of PFMA , Chaudhry Anser Javed, along with other members of the association formation of Wheat Board will […]
Sindh is Pakistan’s fastest growing province, KP third growing province: Dr Pasha on April 13, 2018KARACHI: Sindh is the fastest growing province of Pakistan followed by Punjab and Khyber Pakhtunkhwa, said renowned economist and former assistant secretary general of and director of of Regional Bureau of United Nations for Asia & Pacific Dr Hafiz A Pasha. Addressing a ceremony, which was held to launch his book Growth & Inequality in […]
SBP keeps policy rate unchanged at 6 percent on March 31, 2018Karachi: The State Bank of Pakistan (SBP) has decided to keep the key policy rate unchanged at 6 percent for next two months. The Monetary Policy Committee is of the view that some time may be allowed for the impact of recent policy developments to unfold and has therefore decided to maintain policy rate at […]
New tool introduced to make Facebook safer for women users in Pakistan on March 24, 2018KARACHI: Internet penetration has been incredibly impressive in Pakistan owing to expansion of 3G/4G services by telecom operators in various cities and towns, which has led the country to gain attraction of global companies to enhance businesses and services on customised basis to serve the interest of customers. In Pakistan, mobile Internet broadband was launched […]
Amnesty scheme to declare offshore wealth this month: Miftah on March 20, 2018KARACHI: Advisor to Prime Minister on Finance Miftah Ismail said on Monday that an amnesty scheme would be announced this month allowing Pakistanis to declare their offshore assets. Speaking at a two-day World Islamic Finance Forum (WIFE) 2018, that began in Karachi, Ismail said that government would ensure that the scheme is not misused. The […]
Many international firms eyeing Pakistan as major investment destination: Bruno on March 14, 2018Karachi: Pakistan is becoming attractive investment destination on the radar of almost all international companies due to prevailing huge potential which is not being fully harnessed due to political uncertainty and negative perception, said senior officials of Overseas Investors Chamber of Commerce and Industry (OICCI), an umbrella of foreign investors in Pakistan. Bruno Olierhoek, President, […]
SBP increases policy rate to 6% after 1.6 years on January 27, 2018KARACHI: The State Bank of Pakistan (SBP) on Friday increased the policy rate (interest rate) to 6%. The central bank had kept the policy rate unchanged at 5.75% since May 21, 2016. Four key factors of Pakistan’s economy have witnessed important changes since November 2017 and they affected the policy rate decision. Firstly, PKR has […]
First five-year trade policy likely to be implemented in July on January 6, 2018Karachi: Pakistan’s first comprehensive five years trade policy targeting 10 percent export growth target will be ready by March for final review and would be enforced in July this year, Commerce Secretary Younus Dagha, said Friday. The secretary commerce was speaking at the first consultative session jointly organised by the Ministry of Commerce and Textile, […]
No need to revert back to IMF, Pakistan wont default, says Rana Afzal on January 5, 2018Karachi: Minister of State for Finance Rana Muhammad Afzal on Thursday said that the second phase of CPEC will start in the coming days. “Green line project is a joint venture of the Federal and Sindh governments. If there is delay in the implementation of the project it is due to the Sindh government”, he […]
SBP allows use of Chinese Yuan for foreign currency transactions in Pakistan on January 3, 2018Karachi: State Bank of Pakistan has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in Chinese Yuan CNY. Both public and private sector enterprises, both Pakistanis and Chinese, are free to choose CNY for bilateral Trade and Investment activities. Chinese Yuan (CNY), as per current foreign exchange […]