China to work with Pakistan to boost bilateral trade through land transportation: Wang Wenbin
China welcomed quality agricultural products from Pakistan to enter its market and stands ready to continue to work with Pakistan to boost bilateral trade through land transportation. As all-weather strategic cooperative partners, China and Pakistan have engaged in close cooperation in trade and other fields, Chinese foreign ministry spokesperson Wang Wenbin said in response to…
Adil Aziz
Trade deficit narrows by 40.59% in 11 months of FY 23
The trade deficit witnessed a decline of 40.59 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year. The trade deficit during July-May (2022-23) was recorded at $25.791 billion against the deficit of $43.409 billion in July- May (2021-22), a decline of 40.59 percent. The…
Pakistan, Poland agree to take measures to boost bilateral trade, diplomatic ties
Pakistan and Poland have agreed to take practical measures to intensify cooperation in diverse areas of mutual interest to boost bilateral trade and diplomatic ties. The two sides, at the 8th round of Pakistan-Poland Bilateral Political Consultations held here on June 05, reviewed the entire gamut of bilateral relations and agreed to enhance high-level exchanges…
FPCCI’s UBG demands business friendly, export-oriented, pro-poor budget
Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (UBG) demanded a business-friendly, export-oriented and pro-poor people budget to gear up trade activities, besides restoring the confidence of investors with a basket of lucrative incentives to attract foreign investments. Chairing a meeting of industrialists and traders, Chairman UBG Shahzad Ali Malik said that…
A joint delegation of PSX, MFA calls on Ishaq Dar
A joint delegation of Pakistan Stock Exchange (PSX) and Mutual Funds Association (MFA) of Pakistan called on the Federal Finance Minister Mohammad Ishaq Dar. The PSX was represented by its MD/CEO Farrukh Hussain and Chief Financial Officer Ahmed Ali whereas Mir Adil and Arif Qadri represented Mutual Funds. During the meeting, representatives of MFA highlighted…
PTCL recognized as the ‘Most Facilitating Employer’ at NUST Placement Recognition Awards 2023
Pakistan’s leading telecommunication and integrated ICT services provider, Pakistan Telecommunication Company Limited (PTCL) has been recognized as the ‘Most Facilitating Employer over the Last Five Years’ at the National University of Science and Technology’s ‘NUST Placement Recognition Awards 2023’. Group Chief People Officer (GCPO) PTCL & Ufone 4G, Muhammad Shoaib Baig received the award at…
Govt provide business, investment- friendly environment in country through upcoming budget
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar assured the participants that despite economic challenges, the government is determined to provide a business and investment friendly environment in the country through the upcoming budget of Fiscal Years 2023-24. “In order to attract more companies and investments in Pakistan and put the country’s economy…
SRO. 642 on Barter Trade with Russia, Iran and Afghanistan FPCCI’s years of relentless policy advocacy paid off
Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his profound satisfaction that FPCCI’s years of relentless policy advocacy initiatives for the barter trade with Russia, Iran and Afghanistan has borne fruits. We have pitched barters trade, border markets and currency swap mechanisms very diligently in tens of top-level meetings with the concerned ministries and relevant…
SECP specifies rating requirements for investment in short-term instruments by CISs
The Securities and Exchange Commission of Pakistan (SECP) has specified rating requirements for investment in short-term debt instruments by open-ended collective investment schemes (CISs) aimed at protecting unitholders’ investment in various schemes launched by asset management companies (AMCs) and improving transparency and efficiency. “The new requirements have been notified through Circular No. 9 of 2023,…
PM directs for preparing export-oriented development budget 2023-24
Prime Minister Muhammad Shehbaz Sharif issued clear directions to include on priority, such projects in the upcoming development budget that help ensuring import substitutions, expanding export volume, and bringing innovation in various sectors. The prime minister also directed to allocate special funds in the development programme for the welfare and development of the country’s youth….