Commerce

Ishaq Dar reviews preparations of PBS to conduct population census

ISLAMABAD (Sarzameen News) – Federal Minister for Finance, Senator Ishaq Dar on Saturday chaired a meeting to review the progress of the ongoing activities of Pakistan Bureau of Statistics (PBS) including preparation made by the bureau for holding of 6th population and housing census in the country. The Minister showed satisfaction on the preparations made

Read More

Pakistan’s State Bank governor calls India’s cash clampdown “extreme”

NEW YORK (Sarzameen News) – Pakistan’s State Bank Governor, Ashraf Mahmood Wathra has called India’s shock clampdown on cash an “extreme” step to boost financial inclusion, tax collection and battle graft. “To my imagination that is a very, very extreme measure,” Governor Wathra said in an interview with Bloomberg economic and financial news service, after

Read More

ANF seizes drugs worth Rs 1.6 bln

ISLAMABAD (Sarzameen News) – The Anti Narcotics Forces (ANF) in 19 countrywide operations carried out at Rawalpindi, Attock, Jhelum, Gilgit, Sialkot, Lahore, Sahiwal, Karachi and Panjgoor, seized drugs 1509 worth Rs 1.6 Billion in International Market. The seized drugs comprised 1.5 Ton Hashish, 3.64 Kg Heroin, 1.02 Kg Amphetamine, 30 gram Cocaine and 700 gram

Read More

Govt committed to address problems of industries: Ishaq Dar

ISLAMABAD (Sarzameen News) – Federal Minister for Finance, Senator Ishaq Dar Friday said that, “The Government is committed to address the problems of the Industry as much as possible.” He made these remarks while talking to President of Federation of Chambers of Commerce and Industry (FPCCI) Rauf Alam and former President of FPCCI Muzamil Sabri

Read More

UBL Funds awarded most Customer-Centric Asset Manager in Pakistan

ISLAMABAD (Sarzameen News) – UBL Fund Managers Limited (UBL Funds), one of Pakistan’s leading asset management companies, has been recognized by an award for The Most Customer-Centric Asset Manager in Pakistan by The European in its prestigious Global Banking & Finance Awards 2016. The European’s recognizes organizations that stand out from the crowd and are,

Read More

ECC approves reduction of gas price for Industry

ISLAMABAD (Sarzameen News) – The Economic Coordination Committee (ECC) on Friday approved reduction of gas price for Industry from Rs. 600 to 400 per MMBTU. In accordance with Fertilizer Policy 2001, the Industrial Sector gas sale price will also be applicable to Fertilizer sector only for fuel stock. The development came during a meeting of

Read More

Senate thanks Ishaq Dar for salary raise

ISLAMABAD (Sarzameen News) – The Senate on Friday passed one government bill and adopted a resolution to thank Minister for Finance, Senator Ishaq Dar for his interest in raising the salary of parliamentarians. The House passed the Criminal Laws (Amendment) Bill, 2016 after the report of Standing Committee and deleted an irrelevant clause in it.

Read More

Pakistan’s foreign reserves decreased to US$23,865 mln

ISLAMABAD (Sarzameen News) – Pakistan’s total liquid foreign reserves decreased by US$230 million to US$23,865 million, the State Bank of Pakistan (SBP) said on Thursday. Giving the break-up of the foreign reserves position, a statement by the SBP said that foreign reserves held by the bank stood at US$ 18,846.9 million whereas the net foreign

Read More

ECOSF, MUET, TechTimes sign trilateral agreement to attain SDGs

KARACHI (Sarzameen News) – The Economic Cooperation Organization Science Foundation (ECOSF), Mehran University of Engineering and Technology (MUET), and Technology Times (TechTimes) on Thursday signed an agreement to develop cooperation and collaboration to develop ICT based solutions for achieving United Nation’s Sustainable Development Goals (SDGs). The organizations together mutually agreed to organize software applications contest

Read More

Etihad Airways, HBL enter commercial partnership

KARACHI (Sarzameen News) – Habib Bank Limited (HBL) and Etihad Airways, the national airline of the United Arab Emirates Thursday entered into a commercial partnership through which HBL Credit and Debit Cardholders will benefit from special reduced fares on all online Etihad Airways ticket purchases. According to a press release, the agreement was signed in

Read More