initiative in the FY 2017-18, Benazir Income Support Programme (BISP) beneficiary families, who are willing to start their own businesses will be provided with training as well as a one- time cash grant of Rs 50,000 to start their own business and become productive members of society. Initially this grant is proposed to be provided […]
Business News
Finance Minister Ishaq Dar said under the special
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Cotton yarn, cloth production increase 0.78%, 0.51% in 9 months
ISLAMABAD, May 21 (APP): Domestic production of cotton yarn and cotton cloth grew by 0.78 percent and 0.51 percent respectively during first three quarters of current financial year as compared the production of corresponding period of last year. During the period from July-March, 2016-17, 2.572 million tons of cotton yarn produced in the country as […]
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Pak-Saudi trade to increase in coming days: Ambassador
ISLAMABAD, May 21 (APP): Pakistan’s Ambassador to Saudi Arabia Khan Hasham Bin Saddique has expressed the hope that the volume of bilateral trade between Pakistan and Saudi Arabia will enhance in the coming days. He was addressing the session of B2B (business-to-business) meetings of the delegation of Rice Exporters Association of Pakistan (REAP) with the […]
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Revenue Division proposes Rs 10.5 b for ITTMS project in PSDP
ISLAMABAD, May 21 (APP): The Revenue Division has proposed Rs 10.5 billion for Integrated Transit Trade Management System (ITTMS) projectin the Public Sector Development Programme (PSDP) for the next fiscal year (2017-18). The ITTMS would be launched under Asian Development Bank’s (ADB) Regional Improving Border Service Project, official sources said, adding that the ADB would […]
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SBP maintains policy rate unchanged at 5.75 percent
KARACHI, May 20 (APP): The State Bank of Pakistan has kept the policy rate unchanged at 5.75 percent. An announcement to this effect was made here on Saturday by the Monetary Policy Committee of the SBP. The statement said that the real GDP growth in the fiscal year 2017 (FY17) is provisionally estimated at 5.3 […]
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Kerb currency market
KARACHI, May 20 (APP): Following were the Opening-Closing Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Saturday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) —— —— U.S $ (Cash Free Market) 105.80 106.00 SAUDIA RIYAL 28.15 28.35 UAE DIRHAM 28.85 29.05 EURO 118.30 119.80 […]