Pakistan’s businessmen to play role in promoting trade with Indonesia: Indonesian Envoy
Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Thursday said that Pakistani businessmen should play their due role in promoting trade and investment in emerging Association of South East Asian Nations (ASEAN) markets like Indonesia. In the US$ 1 trillion annual Gross Domestic Product (GDP) market of Indonesia, there are ample…
Adil Aziz
Bank AL Habib declares Rs. 18.70 billion profit after tax
The Board of Directors of Bank AL Habib Limited (the Bank) announced the Bank’s financial results for the year ended 31 December 2021 and proposed 70 percent cash dividend. The Bank posted profit after taxation of Rs. 18.70 billion i.e. an increase of 5.00 percent compared to the previous year. The Bank’s profit before tax…
Mobilink Microfinance Bank becomes first Microfinance Institution to secure EFP Membership
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance institution to secure membership of the Employers Federation of Pakistan (EFP), an apex body of employers in Pakistan that spearheads the private sector in matters of employment, industrial relations, social and economic policy. EFP is also a member of the International…
SECP geared towards creating an investment friendly ecosystem for ETFs
The SECP Chairman Aamir Khan said that the SECP is geared towards creating an investment friendly ecosystem, through use of technology for enhancing the market depth, liquidity and outreach, with particular emphasis on increasing the number of investors in our capital markets. Khan was addressing a webinar on “ETFs- an Attractive Avenue of Investment”, organized…
Spices’ export increase 26.67% to $52.518m in 6 months
The exports of spices from the country witnessed an increase of 26.67 percent during the first six months of financial year (2021-22) as compared to the corresponding period of last year. Pakistan exported spices worth US $52.518 million during July-December (2021-22) as compared to the exports of US $41.462 million during July- December (2020-21), showing…
ECC Approves Textiles and Apparel Policy, 2020-25 With Certain Amendments
Federal Minister for Finance and Revenue Shaukat Tarin presided over the Economic Coordination Committee (ECC) of the Cabinet, here on Wednesday. Ministry of Commerce submitted revised Textiles and Apparel Policy, 2020-25 after incorporating few changes along-with implementation report. The ECC after deliberation approved the policy with certain amendments. The ECC discussed in detail and approved…
Food Security Ministry to organize conference on cotton in March
Ministry of National Food Security and Research would organize first cotton conference in March to discuss the issues and challenges faced by cotton growers and to device an action plan for promotion of the major cash crop. This was stated by Minister for National Food Security and Research Syed Fakhar Imam, while chairing the annual…
Pakistan, WB discuss progress on projects
Finance Minister, Shaukat Tarin appreciated the World Bank for being a source of support in pursuing reform agenda and implementing various development projects for the country Federal Minister for Finance and Revenue, Shaukat Tarin held a meeting with Country Director, World Bank, Najy Benhassine and his team at Finance Division here on Tuesday. The meeting…
OICCI to hold ‘Pakistan Climate Conference 2022’ to support positive climate actions in Pakistan: OICCI
President of OICCI Ghias Khan Tuesday said that the Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan would organize the ‘Pakistan Climate Conference 2022’ on March 16. While announcing the date and unveiling the logo of the Conference, Ghias Khan, said, “The Pakistan Climate Conference will…
Services’ exports increase by 20.24 percent in 1st half
The exports of services during July-December (2021-22) were recorded at $3414.96 million against the exports of $2840.15 million during July-December (2020-21), showing growth of 20.24 percent The exports of services from the country witnessed an increase of 20.24 percent during the first half of the current financial year (2021-22) as compared to the corresponding period…