Commerce

Infant industries to boost after implementation of agricultural reforms: experts

PESHAWAR (APP) – All the infant and small industries primarily depended on the agriculture sector will get enormous boost after implementation of the agricultural reforms and projects announced by the government in the budget 2018-19, which will largely benefit farmers and people. The growth of many small industries in Pakistan such as sugar, cotton, leather,

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Five new projects worth Rs480 mln being executed in petroleum sector

ISLAMABAD (APP) – Petroleum and Natural Resources Division has planned to execute five new projects worth Rs480 million to accelerate oil and gas exploration activites under the Public Sector Development Programme (PSDP) for the year 2018-19. Mainly, the projects focus on up-gradation of testing laboratories of Hydrocarbon Development Institute of Pakistan (HDIP) to ensure provision

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SBP injects Rs675 bn into market

KARACHI (APP) – State Bank of Pakistan on Monday injected Rs 675 billion into money market for four days as reverse purchase through its open market operation. The rate of return accepted is 6.01 percent per annum, said SBP release.

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Mi Pakistan offers up to 50% discount during Ramazan

(Web Desk) – Ramazan is not only the month of blessings but also acceptance of prayers. That’s right, Mi Pakistan is all set to make your fast a little more rewarding by bringing you amazing discounts, up to 50%. Why wait till the end, what if you’re out of money to spend? Why take a

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National Economic Council focuses on infrastructure, energy agenda

ISLAMABAD (Sarzameen News) – The Executive Committee of the National Economic Council (ECNEC) discussed a seven-point agenda pertaining to the country’s infrastructure and power generation capability. Prime Minister Shahid Khaqan Abbasi chaired the ECNEC meeting at PM House in Islamabad. Delving into details regarding the agenda of the meeting, sources had said the committee was

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IT, ITES exports expected to exceed USD 5 billion by 2020

ISLAMABAD (APP)- It is expected to make Pakistan an outsourcing destination in the region by 2020, and increase IT & ITES exports to exceed US$ 5 billion due to launching of strategic initiatives along with tax holiday and capital repatriation incentives for private sector. There is a tremendous opportunity for Pakistan as its ICT sector

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Pakistan’s debt may be soaring, but it has its benefits

LAHORE(Sarzameen News) – There is news in the print media that the external debt of Pakistan was hovering around $92 billion till March 2018. The current government is blamed for an astounding increase in the external debt and liabilities over the past four and a half years. There is half-truth in this statement since it ignores

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German companies worry Trump moving toward ‘America Alone’

BERLIN(Sarzameen News) – German companies are concerned that US President Donald Trump is increasingly thinking only of America rather than just putting his country first, the head of Germany’s DIHK Chambers of Commerce told media. The United States has pulled out of the 2015 Iran nuclear deal and Germany has acknowledged it could be hard

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Foreign currency reserves remain persistently on downhill course

KARACHI(Sarzameen News) – Pakistan’s goods-import capacity has dropped to an alarming level of less than two and a half months after its foreign currency reserves fell to a four-year low of $10.79 billion on May 11 this year. “Pakistan’s foreign exchange reserves are insufficient for two and a half months of imports,” JS Global Chief Commercial

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China agrees to import more from US, no sign of $200bn number

WASHINGTON (Sarzameen News) – China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit, the two countries said on Saturday, although without mentioning the $200-billion target the White House had touted earlier. Beijing and Washington agreed they would keep on talking about measures under which China would

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