Balochistan Govt unveils Rs 750 billion budget for FY 2023-24
Balochistan Minister for Finance Engineer Zmarak Khan Achakzai unveiled the province’s budget for the fiscal year 2023-24, with a total size of Rs 750 billion. The Finance Minister said in his budget speech that over Rs 229.301 billion have been earmarked for the Public Sector Development Programme (PSDP), and the volume of non-development expenditure was…
Adil Aziz
Banks to observe normal banking hours on June 24: SBP
To facilitate the collection of government duties and taxes, bank branches on June 24 (Saturday) will observe normal banking hours until 5:30 pm while online payment facilities will also be ensured around the clock. The State Bank of Pakistan (SBP), through a statement issued here on Monday, informed that all those branches of banks that…
Seafood exports increase by 17.13% to $456 million
On a year-on-year basis, seafood exports increased by 25.06 percent to $50,578 million in May 2023 as compared to exports of $40.444 million during May 2022 The exports of fish and fish preparations increased by 17.13 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last…
PSW and the Ministry of Maritime Affairs to Reinforce Trade Via Digital Integration
Pakistan Single Window (PSW) in collaboration with the Ministry of Maritime Affairs has successfully integrated the Marine Fisheries Department (MFD) and Mercantile Marine Department (MMD) into its network of digitally connected entities. MFD regulates export of fish and fishery products in Pakistan while MMD is responsible for regulating export of second-hand/used passenger and cargo ships,…
Glaring anomalies need immediate attention of the government
Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised the media that after in-depth analysis of the federal budget 2023 – 24, FPCCI has come up with many budget anomalies; which will prove to be counterproductive if not rectified before the passage of the final version of the Finance Bill by the parliament. Mr. Irfan Iqbal…
China in a perfect position to help Pakistan develop SME sector: CG
Consul General of China Yang Yundong, while responding to President Karachi Chamber’s suggestion, stated that China’s Small & Medium Enterprises (SMEs) account for 70 to 80 percent of GDP so it was in a perfect position to help Pakistan develop its SME Sector. In addition to developing the SME sector, a host of other areas…
Suzuki Motors Asia Head meets Commerce minister; discuss import issues
A three-member delegation, led by Masafumi Harano, Asia Head of Suzuki Motors, held a crucial meeting with the Federal Minister for Commerce, Syed Naveed Qamar. The purpose of their discussion was twofold: to address matters of mutual interest and deliberate on import-related issues. The meeting was attended by Hiroshi Kawamura, MD PSMCL, and Shafiq Ahmed…
Govt firmly committed to IMF programme, keen to complete 9th review
The Ministry of Finance said the coalition government was fully committed to the Internal Monetary Fund (IMF) programme and keen to at least complete the 9th review as it had already taken many difficult and politically costly decisions in that context. Responding to the statement of IMF’s Resident Representative Ms Esther Perez, the Finance Ministry…
CEO Nestle Pakistan calls on Ishaq Dar
Chief Executive Officer Nestle Pakistan Jason Avancena called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar. Jason Avancena expressed gratitude to the finance minister on supporting the Dairy & Milk industry and shared their business profile and contribution to the economic development of Pakistan. He also briefed the minister about the company’s…
Pakistan, Azerbaijan sign agreement to boost bilateral trade relations
The Ministry of Commerce of the Islamic Republic of Pakistan and the Ministry of Economy of the Republic of Azerbaijan signed a statement of understanding, which aims to enhance trade cooperation between the two countries. The agreement was represented by Minister for Commerce Syed Naveed Qamar and Minister of Economy Mikail Jabbarov. The signing ceremony…