Commerce

Engro Foods empowers Dairy farmers with developing Dairy Sector

ISLAMABAD (Sarzameen News)- Engro Foods Limited is committed to foster growth of Pakistan’s dairy industry through various developmental projects. Engro Foods along with Punjab Skill Development Fund (PSDF) started the Big Push for Rural Economy (BPRE) project since 2017. Big Push for Rural Economy (BPRE) project targeted approximately 9000 individuals across the South Punjab region. It

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PAMA fears sharp decline in car sales after new rules proposed by govt

KARACHI (Sarzameen News) – The condition imposed in the federal budget for 2018-19 restricting non-filers to buy new vehicle would frustrate the new entrants and would also shrink the annual of locally manufactured cars resultantly the sales would be dropped by nearly 32 percent. Pakistan Automotive Manufacturers Association in a letter written to Minister for

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Punjab govt decides to only present supplementary budget

LAHORE (Sarzameen News) – Punjab government on Friday has decided to not present budget for fiscal year 2018-2019 however, supplementary budget will be announced. According to sources, session of Punjab Assembly has been summoned on May 14 in this regard. Earlier, Punjab Finance Minister Dr Ayesha Ghaus Pasha had said that the government won’t table budget

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SECP, 1Link sign agreement for ease of doing business

ISLAMABAD (Web Desk) – As part of doing business reforms agenda, the Securities and Exchange Commission of Pakistan (SECP) and 1Link (Guarantee) Limited (1Link) signed an agreement on Thursday to develop a facility to enable the users of SECP’s eSevices to pay fees using internet banking or ATMs. SECP Commissioner, Tahir Mahmood, and 1Link CEO

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Overseas Pakistanis remit US $16.25bn in first ten months of FY18

KARACHI (Web Desk) – The overseas Pakistani workers remitted US $16257 million in the first ten months (July to April) of fiscal year 2018 (FY18), showing a growth of 3.92 % compared with US $15643.97 million received during the same period in the preceding year. During April 2018, the inflow of workers’ remittances amounted to

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Oil prices hit highest in years as markets adjust to looming sanctions on Iran

SINGAPORE (Sarzameen News) – Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed US sanctions against major crude exporter Iran amid an already tightening market. The United States plans to impose new sanctions against Iran, which produces around four per cent of global oil supplies, after abandoning

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Senate body finalises budget proposals

ISLAMABAD (Web News) – The Senate, where the opposition enjoys a majority, on Wednesday implicitly accepted the government’s right to present the next fiscal year’s budget, as it withdrew a recommendation that sought to limit the PML-N government’s right to present the new budget to only four months. The Senate unanimously adopted a report of the

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Legislators admit standing committee on finance has failed to address issues

ISLAMABAD (Sarzameen News) – After serving for almost five years on the National Assembly Standing Committee on Finance, legislators admitted on Wednesday that the parliamentary forum was useless in addressing issues of public interest due to cold shoulder given by bureaucrats and powerful economic ministers. However, members of the standing committee including its chairman realised the

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Chinese furniture makers keen to enhance collaboration with PFC

ISLAMABAD (APP) – Chinese furniture manufacturers has underlined the need of further enhancing collaboration with Pakistan Furniture Council to promote furniture business between the two countries. They said there were plenty of opportunities to increase furniture export volume to China due to its an upward trend, as the demand for furniture and wooden products are

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Pakistan, Afghanistan agree to strengthen institutional mechanism for promoting bilateral trade

ISLAMABAD (APP) – Pakistan and Afghanistan on Tuesday agreed that institutional mechanism between the two countries needed to be strengthened, saying “holding of the much-awaited 7th Afghanistan Pakistan Transit Trade Coordination Authority Meeting by the Afghan side is need of the hour.” The agreement reached during a meeting between a high-ranking Afghan Ministerial delegation that

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