Commerce

Govt to spend Rs. 20 bln to enhance exports in three years

KARACHI (Sarzameen News) – The government would spend Rs. 20 billion over next three years to enhance Pakistan’s export competitiveness and institutional strengthening under Strategic Trade Policy Framework (STPF) 2015-18. In response to emerging international changes, several other initiatives are being implemented to enhance export basket and market share, sources at Commerce Division said here on

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Pak Suzuki to invest USD 460 mn in Pakistan to set up second plant

ISLAMABAD (Web Desk) – Managing Director of Pak Suzuki Motors Hirofumi Nagao called on the Finance Minister, Senator Ishaq Dar and discussed his company’s plan of future investment in Pakistan, the Ministry of Finance stated in a press release on Thursday. The meeting was attended by senior officials of the Ministry of Finance and the

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Pakistan’s foreign reserves stand at US$ 23.294 bln

ISLAMABAD (Sarzameen News) – The total liquid foreign reserves held by the country stood at US$ 23,294.8 million on December 9. According to the break up of the foreign reserves position, foreign reserves held by the State Bank of Pakistan (SBP) were at US$ 18,323.2 million and net foreign reserves held by commercial banks were at

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11,000MW of electricity will be added to national grid by 2018: Ahsan

ISLAMABAD (Sarzameen News) – Planning Minister Ahsan Iqbal says China-Pakistan Economic Corridor (CPEC) is not only a game-changer but will change destiny of whole nation. Addressing a conference on CPEC in Islamabad on Thursday, he said 11,000 megawatt of electricity will be added to national grid by 2018. “We must improve our low value economy to

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Branchless banking far ahead from commercial banks: SBP

KARACHI (Sarzameen News) – The State Bank of Pakistan (SBP) on Thursday advised conventional banks to re-design their future strategy to remain in the business, as outpaced progress by branchless banking is challenging them. “The conventional banks need to re-make their future strategy very quickly,” Syed Irfan Ali, Executive Director, State Bank of Pakistan said.

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Dar urges business community to support govt’s economic policies

ISLAMABAD (Sarzameen News) – Minister for Finance Senator Ishaq Dar on Thursday urged the business community to support the prime minister and his team’s economic policies for the socio-economic prosperity of the country. “Whatever promises made to the business community by the Prime Minister, including provision of sufficient quantity of electricity and gas to the

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Zong partners with KP Govt to support ‘Sehat Sahulat Program’

ISLAMABAD (Sarzameen News) – Zong, Pakistan’s No.1 4G Network, has partnered with the health department of Khyber Pakhtunkhwa to support its ‘Sehat Sahulat Program,’ an extensive health insurance scheme. An MoU signing ceremony was held in Peshawar in this regard, graced by the Chief Minister of Khyber Pakhtunkhwa, Parvaiz Khattak. Zong’s senior officials were led

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Incumbent PML-N promotes foreign, local investment in Pakistan: Dar

ISLAMABAD (Sarzameen News) – Federal Minister for Finance, Senator Ishaq Dar on Wednesday said, “The incumbent PML-N Government since its inception has promoted policies that could facilitate the investment both foreign and local in the country.” He expressed these views while chairing a meeting at the Finance Division with Chairman Board of Investment (BOI), Miftah

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U.S to provide $81mln for construction of Stage 1 of Kurram Tangi Dam Project

ISLAMABAD (Sarzameen News) – The United States on Wednesday signed an agreement to provide over 8.5 billion rupees to the Water and Power Development Authority (WAPDA) for the construction of the Kaitu Weir project in North Waziristan Agency of FATA. The United States Agency for International Development (USAID) and WAPDA signed the agreement at a

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UBL Funds awarded by APICTA 2016

ISLAMABAD (Sarzameen News) – UBL Fund Managers Limited (UBL Funds), one of Pakistan’s leading asset management companies, has been recognized for its ImPro Application under the category of the Financial Industry Application by APICTA – Asia Pacific ICT Alliance. UBL Funds beat the financial applications of Singapore, Hong Kong, China, Malaysia, Vietnam and Chinese Taipei

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