Commerce

PSX-100 index surges by 210 points

KARACHI (Sarzameen News) – The bearish trend at Pakistan Stock Exchange was put to a halt as the index surges by 210 points. Pakistan Stock Exchange (formerly Karachi Stock Exchange) was hailed by the international financial monitors as one of the best in Asia, however owing to a political drift in the international politics, PSX-100

Read More

Petrol price hiked by Rs2.25 per litre

ISLAMABAD (Sarzameen News) – The federal government decided to alter the petroleum prices for fifteen days on Tuesday. The prices of petrol and diesel have been increased amid hike. The finance minister Ishaq Dar told that petrol prices have been raised by Rs2.25 which makes it Rs70.29 per litre. Moreover, the new price of high

Read More

Pakistan confident of managing its rising debt obligations to China: Ahsan

NEW YORK (Sarzameen News) – Pakistan will be able to handle repayment of Chinese soft loans to the government and businesses, which are part of more than $50 billion projects under the China-Pakistan Economic Corridor (CPEC), Planning and Development Minister Ahsan Iqbal has said. “With 6 to 7 per cent growth Pakistan will be in

Read More

WB to support development of tourism sector

ISLAMABAD (Sarzameen News) – The World Bank would be supporting Pakistan Tourism Development Corporation (PTDC) in developing the tourist facilities and resorts in the country by sponsoring different projects. This was decided in a meeting held here between PTDC and the World Bank delegation on Monday. Managing Director PTDC Abdul Ghafoor said that the bank

Read More

Pak exports to European Union up 37pc

ISLAMABAD (Sarzameen News) – Pakistan’s exports to the European Union (EU) soared 37 percent during the last three years on the back of generalised scheme of preferences (GSP) plus status, the Commerce Minister has revealed. “The GSP status offers huge potential for enhancing mutual trade between Pakistan and EU,” Federal Commerce Minister Khurram Dastgir said

Read More

Work in full swing on nuclear power projects in Karachi to generate 2200MW electricity

KARACHI (Sarzameen News) – The development work is in full swing on two mega nuclear power projects (KANUPP II and III) with total capacity of producing 2200 megawatts of electricity in Karachi. Official sources in Karachi Nuclear Power Plant (KANUPP) on Monday said that  that these power projects will start producing electricity by 2020. The

Read More

SBP maintains interest rate at 5.75 percent

ISLAMABAD (Sarzameen News) – State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra on Saturday announced that interest rate would be maintained at 5.75 percent for the next two months. Wathra, while presenting bimonthly monetary policy, said that average inflation clocked in at 3.9 percent during the first half of the year, lower than the

Read More

Finance Minister chairs meeting on debt management

ISLAMABAD (Sarzameen News) – Federal Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting on debt management here at the Ministry of Finance on Saturday. Director General Debt gave a detailed briefing to the Finance Minister on debt management. He apprised the Finance Minister of the reforms that have been undertaken in the Debt Policy

Read More

Dar lauds efforts for anti-money laundering

ISLAMABAD (Sarzameen News) – Federal Finance Minister Senator Ishaq Dar Friday chaired a meeting of stakeholders to review the actions relating to the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) framework. The Director General Financial Monitoring Unit (DG FMU) made a presentation on status of AML/CFT compliance and enforcement actions including freezing measures taken against terrorist

Read More

Neglect of Karachi resulting in sense of deprivation: KCCI

KARACHI (Sarzameen News) – President Karachi Chamber of Commerce and Industry (KCCI) Shamim A. Firpo on Friday said that neglecting Karachi is resulting in sense of deprivation among business community. However the chamber would continue to play its due role in the welfare of traders and businessmen of Karachi besides enhancing industrial activities in the

Read More