Category Archives: Market

Italian envoy stresses to enhance Pak-Italy bilateral trade

The Italian Ambassador to Pakistan, Andreas Ferrarese has stressed need to enhance the bilateral trade between Pakistan and Italy to its full potential from current $1.7 billion to $5 billion annually. In an interview with Associated Press of Pakistan, he

China lauds Pakistan’s participation in 17th China-ASEAN expo

The China-ASEAN EXPO Secretary General, Wang Lei has welcomed Pakistan’s participation as Special Partner Country for the first time and admired the impressive country pavilion set up by Trade Development Authority Pakistan and booths by Pakistani businesses. Secretary General Wang

Dutch company shows interest to invest in Karachi desalination, garbage processing plants

A Dutch company has expressed willingness for the establishment of plants for desalination of water and power generation from garbage in Karachi with the investment 1.3 billion dollars. The proposal of AWTEC Netherland was presented at a meeting presided over

President proposes establishing trade triangle among Pakistan, China & ASEAN

President Dr. Arif Alvi has proposed establishing a trade triangle among Pakistan, China and Association of Southeast Asian Nations (ASEAN) to maximize the quantum of intra-regional business opportunities. In his virtual address to the 17th China-ASEAN Expo held in China’s

ADB approves $300m loan for Pakistan to enhance trade competitiveness

The Asian Development Bank will provide Pakistan a loan of 300 million dollars to enhance trade competitiveness and diversification to improve exports. To this effect, an agreement of Trade and Competitiveness Programme was signed in Islamabad on Friday. Minister for

Sindh govt restricts timing of business activities amid corona spread

Sindh government has changed the timing of business activities in the markets, shops, and other business centers across the province, to contain the second wave of Covid-19. Information Minister Syed Nasir Hussain Shah said the business activities will take place

The Downward Trend of Per Tola Gold Rates Comes to an End

Gold rates in the local market remained stable at Rs. 110,400 per tola with low demand from the customers. Gold rates in the local market saw an increase of Rs. 100/tola to Rs. 110,400/tola as compared with yesterday’s closing of

FBR Issues New Income Tax Return Form For Small Manufacturers

The Federal Board of Revenue (FBR) has issued a new income tax return form for manufacturers having an annual turnover of less than Rs. 50 million for the tax year 2020. The FBR has also issued the draft of the

Finance Adviser Addresses World Economic Forum on Country Strategy Dialogue

Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, addressed the second segment of the plenary session of the World Economic Forum (WEF) on Country Strategy Dialogue (CSD) through video link today. During his virtual address,

Pakistan Railways To Procure High-Speed Passenger Coaches and Freight Vans

Pakistan Railways is on course to procure 230 high-speed passenger coaches and 820 freight vans, sources close to the matter have revealed. This revamp is a tentative development to modernize the country’s outdated railway sector, according to reports. Reportedly the