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PM Nawaz announces Rs 341 bn relief package for farmers

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ISLAMABAD – Prime Minister Nawaz Sharif has announced a relief package of over 341 billion rupees for the farmers. The agriculture relief package was announced at Kissan Convention in Islamabad after approval by the federal cabinet. Addressing the gathering, he said the package envisages direct cash assistance to the farmers, relief in prices of agriculture inputs, provision of agriculture loans and simplying the procedure of loans. The government is sincere in efforts to provide relief ... Read More »

SECP registers 406 new companies business

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ISLAMABAD – The Securities and Exchange Commission of Pakistan has registered four hundred and six new companies during last month. Around ninety two percent companies have been registered as private limited companies, while around five percent companies were registered as single member companies. Three percent of the companies were registered as public unlisted, associations’ not-for-profit, trade organizations and foreign companies. The trading ... Read More »

PM: Govt to devise strategy on boosting exports

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ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday terming exports essential for the country’s prosperity said a strategy would be worked out soon to boost exports. Chairing a high-level meeting with heads of Chambers of Commerce and Industries and exporters here at the PM Office, the Prime Minister said the strategy would be chalked out in light of the recommendations ... Read More »

Incentives package to lift exports likely

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ISLAMABAD: Commerce Minister Khurram Dastagir Khan addresses a press conference after the consultation committee meeting on September 10, 2015. ISLAMABAD: Prime Minister Nawaz Sharif is expected to announce on Friday a bailout-cum-incentive package to support country’s falling exports. A five-member ministerial committee on Thursday concluded talks with textile exporters on the package that would be taken up for approval by ... Read More »

Russian firm signs MoUs with two oil companies

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ISLAMABAD: Russia is expected to soon return to Pakistan’s petroleum sector after five decades with fresh investment commitments in new exploration and development techniques and construction of cross-country pipelines. While the two countries are at an advanced stage of talks on a government-to-government contract of a $2.5 billion, 1,100-kilometre gas pipeline from Karachi to Lahore, some Russian companies are preparing to ... Read More »

WWF-Pakistan and CCBPL inaugurate second water filtration plant in Lahore

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LAHORE– WWF-Pakistan and Coca-Cola Beverages Pakistan Limited (CCBPL), through their project Increasing the Supply and Access to Safe Drinking Water in Lahore inaugurated the second water filtration plant at Lady Willingdon Hospital here on Tuesday. The plant was inaugurated by Dr. Ejaz Ahmad, Senior Director, WWF-Pakistan; John Mathew Galvin, General Manager, CCBPL and Dr Zafar Yusuf, Medical Superintendent, Lady Willingdon ... Read More »

Oil prices down in Asian trade

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SINGAPORE– Oil prices eased in Asian trade Monday as dealers await the US Federal Reserve’s decision on whether to raise interest rate following a mixed August jobs report, analysts said. US benchmark West Texas Intermediate for October delivery fell 35 cents to $45.70 while Brent crude for October eased 38 cents to $49.23 in mid-morning trade. The US Labor Department said Friday ... Read More »

Finance Minister Ishaq Dar briefed over services tax

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Federal Minister for Finance Senator Ishaq Dar chaired a meeting here Thursday to discuss important matters related to levy of eight percent minimum tax on services. Special Assistant to Prime Minister on Revenue, Haroon Akhtar also participated the meeting. Chairman FBR, Tariq Bajwa apprised the Minister that FBR had held consultative meetings with the relevant stakeholders to discuss various issues. ... Read More »

ECC approves import of 50,000 MT of urea

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Allows gas companies to raise finances of Rs 101 billion for North-South Pipeline The Economic Coordination Committee of the Cabinet (ECC) in its meeting chaired by Finance Minister Senator Ishaq Dar on Thursday approved import of another 50,000 MT urea out of the total quantity of 250,000 MT approved earlier this year to guard against any shortage in the country. ... Read More »

Dollar rises as markets ride volatility

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NEW YORK–The dollar rose against other major currencies Wednesday as global equity markets faced renewed volatility driven by concerns about China’s slowdown. “Currencies are naturally sensitive to the volatility in equity markets (and in commodities for that matter),” said Kit Juckes, global foreign exchange strategist at Societe Generale, in a client note. And equity markets, after enjoying a long rally inspired by ... Read More »

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