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KSE, LSE, ISE integrated into Pakistan Stock Exchange
Published on Aug 28, 2015 by PakBiz.com
The government has integrated Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) Islamabad Stock Exchange (ISE) to form national stock exchange to be called as “Pakistan Stock Exchange” (PSE). In this regard, a Memorandum of Understanding (MoU) was sign... view complete article
SBP Permissions Exchange Companies To Import US$ Dollars
Published on Jul 28, 2015 by Admin www.PakBiz.com
27th July, 2015 EPD Circular Letter No. 16 of 2015 The Chief Executives of all Exchange Companies ‘A’ Category Dear Sirs/Madam, Import of Cash US Dollars against Export of Permissible Foreign Currencies Attention of the authorized Exchange Compa... view complete article
Factors that affect gold prices, International Market, India & Pakistan
Published on Jul 24, 2015 by Admin PakBiz.com
Why do people invest in gold? Gold is one of the several assets that people invest in. Unlike equities or bank deposits, gold is a physical asset and has been a traditional favourite for parking surplus income. How are gold prices determined? ... view complete article
Bank Transaction - Withholding Taxes Decreased From 0.6 Percent To 0.3%
Published on Jul 10, 2015 by PakBiz.com
The government and business community reached an agreement on Thursday on the contentious issue of charging 0.6% withholding tax, providing a face-saving way for both parties. The agreement is a win-win situation as traders have agreed to come into the tax-ne... view complete article
0.6% WHT on ‪‎bank‬ transactions, traders and government are not in one stage
Published on Jul 07, 2015 by www.PakBiz.com Admin
News is that government is planning to levy a 0.6% tax on every banking transaction, including bank withdrawals, cheque transfers, intra-bank transfers or anything that involves cash and bank. While Finance Minister Ishaq Dar is looking for a minimum threshol... view complete article
Banks Timing During Ramadan For Public Dealing
Published on Jun 22, 2015 by Admin
The State Bank of Pakistan on Wednesday announced business hours for commercial banks and other financial institutions during the holy month of Ramadan. In a circular issued, the central bank advised banks to observe the following business (banking) hours for... view complete article
SECP Registered 426 Companies in May 2015
Published on Jun 15, 2015 by Admin PaKbiz
The Securities and Exchange Commission of Pakistan (SECP) enrolled 426 organizations amid May 2015.Around 90 for every penny of organizations have been enrolled as private restricted organizations, around 5pc as single-part and 5pc as open unlisted, non-benefi... view complete article
KSE May Rank As Emerging Market in 2016
Published on Jun 11, 2015 by PakBiz Admin
MSCI, a leading provider of international investment decision support tools, said on Wednesday it may reclassify the MSCI Pakistan Index from ‘Frontier Markets’ to ‘Emerging Markets’ next year. “We will add the MSCI Pakistan Index to the review list for its p... view complete article
Pakistan Federal Budget 2015-16 Today
Published on Jun 05, 2015 by PakBiz Admin
The federal government led by Nawaz Sharif’s PML-N is all poised to unveil its third annual budget with an outlay of over Rs 4 trillion for fiscal year 2015-16 before the Parliament today (Friday). Federal Finance Minister Ishaq Dar will present the federal b... view complete article
New Petroleum Prices For June 2015
Published on Jun 01, 2015 by Admin PaKbiz
Finance Minister Ishaq Dar on Sunday announced an increase in the prices of petroleum products by up to Rs3.51 for the month of June. “We have increased the prices of petrol by Rs3.5 per liter despite receiving a summary from Oil and Gas Regulatory Authority ... view complete article
CNG Stations in Punjab To Reopen Today After Seven Months
Published on May 29, 2015 by Admin PaKbiz
Lahore – A good news for middle class motorists that Compressed Natural Gas (CNG) would be available from Friday (today) throughout Punjab province including Lahore. Thousands of daily wagers, who remained unemployed during closure of CNG for the past seven mo... view complete article
Federal Budget 2015-2016 Pakistan To Be Presented on June 5
Published on May 18, 2015 by Admin PaKbiz
Federal Minister for Finance Ishaq Dar on Sunday approved to present the Federal Budget 2015-16 to the National Assembly of Pakistan on June 5. Reliable sources in finance ministry claimed that federal employees are expected to receive an increment of 10 perc... view complete article
Current Oil Prices Create Opportunities
Published on May 07, 2015 by PakBiz Admin
The oil industry relies on a steady stream of exploration and innovation in order to locate and exploit ever more remote and inaccessible reserves of oil. Periodically, new technology opens up new oil fields and those methods are exploited to the point of crea... view complete article
Quaid-e-Azam Solar Park Bahawalpur - Largest PV Pilot Project in The World
Published on May 06, 2015 by PakBiz Admin

Pakistan’s first ever 100-Megawatt Solar Powered Plant was inaugurated in the Quaid-e-Azam Solar Power Park Bahawalpur by Prime Minister Nawaz Sharif at a ceremony on Tuesday.
As per news, this solar power park will start generating 100 Megawatts o... view complete article

Pakistan Poultry Association (PPA) Has Called For Restoration of Zero-Rating
Published on May 06, 2015 by PakBiz Admin
KARACHI: The Pakistan Poultry Association (PPA) has called for restoration of zero-rating to poultry processing as Pakistan is the 11th largest broiler producer in the world with production of 1.02 billion broilers per annum while it currently processes only f... view complete article
Government Approves Rs 15 Billion For Utility Stores As A Ramadan Package 2015
Published on May 05, 2015 by PakBiz.com
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday (30th April, 2015) approved Rs 1.5 billion Ramadan package. The decision to this effect was taken during the ECC meeting chaired by Finance Minister Ishaq Dar in Islamabad. Dar s... view complete article
Government Hajj Application Form 2015
Published on Apr 27, 2015 by Admin PakBiz.com
Note: Please copy and paste following links in your browser to read or download. Hajj Application Form 2015 - http://bit.ly/1bK8hCO Group Leader Information - http://bit.ly/1GzxTzd Hajj Dues on Account of Infants For Hajj 2015 - http:/... view complete article
Petrol Prices April 2015 - Petrol 74.29, Diesel 83.61, HOBC 80.18
Published on Apr 01, 2015 by PakBiz Admin
The government on Tuesday partially increased the prices of petrol and High Speed Diesel (HSD) while it made no change in prices of other petroleum products. According to an announcement of the Ministry of Finance, the reduction/adjustment in prices has been m... view complete article
Google Hired Highest Paid CFO More Then $70 Million- Ruth Porat
Published on Mar 28, 2015 by PakBiz Admin
Google Inc. agreed to pay new Chief Financial Officer Ruth Porat more than $70 million after she takes the post in May, putting her among the highest-paid CFOs in the industry. Porat, who held the same role at Morgan Stanley, will get a $5 million one-time si... view complete article
A Record For Samsung - Galaxy S6 & Galaxy S6 Edge
Published on Mar 09, 2015 by Admin PaKbiz
Who said that Samsung was struggling? The redesign of the manufacturer's flagship phone turned out to be exactly what the doctor ordered as a report out of Korea claims that 20 million units of the Samsung Galaxy S6 and Samsung Galaxy S6 edge have been ordered... view complete article
Petroleum Prices To Remain Unchanged For March 2015
Published on Feb 28, 2015 by Admin PaKbiz
Minister for Finance Ishaq Dar on Friday said that despite increase in the prices of petroleum products in international market, the government has decided not to increase the prices proposed by Oil and Gas Regulatory Authority (OGRA) for next month (March). ... view complete article
Petroleum Prices Chances To Be Rise 2.9% From March
Published on Feb 26, 2015 by Admin PaKbiz
As global oil prices appear to have bottomed out, so have retail fuel prices in Pakistan, with petrol prices set to rise by 2.9% from March 1, but would still be 36.5% lower than their peak reached as recently as October 2013. According to initial estimates, ... view complete article
New Textile Policy 2014-2019 Of Pakistan Announced
Published on Feb 12, 2015 by Admin PaKbiz
Pakistan’s ministry of textile industry has announced the long-awaited Textile Policy 2014-19, which sets annual exports target of US$ 26 billion by 2019. “The annual exports target of $26 billion by 2019 is ambitious but not beyond our potential,” ministe... view complete article
K-Electric signs With China’s CMEC For 700 MW Power Projects
Published on Jan 29, 2015 by Admin PaKbiz
K-Electric signs Accord signed with China’s CMEC for 700 MW Power Projects – K-Electric USD 1 BN investment for the Coal-Based generation which will boost KE’s network; Spokesman KE Karachi, 27th January 2015: In order to overcome the growing d... view complete article
Petrol Shortage Situation in Pakistan, PM Directs To Solved Problems Within A Week
Published on Jan 21, 2015 by Admin PaKbiz
P.M. SHARIF FORCES PETROLEUM MINISTER TO APOLOGIZE AND ASSURES PUBLIC SHORTAGE WILL BE RESOLVED WITHIN A WEEK Prime Minister Nawaz Sharif on Monday expressed extreme displeasure over Pakistan’s severe petrol shortage, forcing the petroleum minister t... view complete article
Pakistan’s First National Mobile App Competition Announced
Published on Dec 16, 2014 by PakBiz Admin
Planning Commission of Pakistan, in collaboration with private sector, has announced Pakistan’s first National Mobile Competition. Primary aim of the competition is to engage talented IT professionals and youngsters in making Apps that will improve the Gover... view complete article
Securities and Exchange Commission of Pakistan (SECP) Registered 350 Companies in October
Published on Dec 08, 2014 by PaKbiz.com
Around 89% companies were registered as private limited companies. Securities and Exchange Commission of Pakistan (SECP) has registered 350 new companies last month as compared to same month last year, showing a growth of 7%. Around 89% companies were re... view complete article
Umrah Operators Are Now Ready To Receive Online Applications For Visas
Published on Nov 28, 2014 by Admin PaKbiz
ISLAMABAD: Umrah operators are now ready to receive online applications for visas, the Saudi Haj Minister Bandar Hajjar has said. Hajjar said they opened up for applications on Nov. 23. He urged companies working in the field to provide the best services for ... view complete article
Gold is doing something it hasn't done in 17 years
Published on Nov 13, 2014 by Admin PaKbiz
Gold bugs are having flashbacks of the late ‘90s. But it’s not Hanson or “Seinfeld” on their minds. Instead, it’s the sobering realization that gold is about to do something depressing. If gold were to close out the year right now where it is, it would be lo... view complete article
ADB Proposes $65m Loan For Gulpur Hydropower Project
Published on Sep 25, 2014 by PakBiz
Asian Development Bank (ADB) has proposed $65 million loan for the 100 megawatt (MW) Gulpur Hydropower Project, which was being implemented on Build-Own-Operate-Transfer (Boot) basis in Kotli district Azad Kashmir. ADB has updated on its website the investm... view complete article
China Approves 14 Power Projects of 10,400 Megawatts of Electricity
Published on Aug 09, 2014 by Admin PakBiz.com
The government of China has approved 14 power projects that have the ability generate 10,400 megawatts (MW) of electricity immediately, while a few more projects, with a combined generation capacity of 6,445MW, would be completed in the second phase. Gover... view complete article
The Five Ps of Marketing: Product, Place, Promotion, Price, and Profit
Published on Jul 23, 2014 by PakBiz.com
If you're pouring money into marketing but nothing's happening, you need to evaluate your marketing mix. The fundamental five Ps of marketing are the best place to start looking for gaps in your small business marketing plan. Product You... view complete article
Everything You Need to Know to Setup Solar Energy Plant in Pakistan
Published on Jul 23, 2014 by PakBiz.com
Energy crisis in Pakistan is neither new nor it is going to end any time soon; we know this for a fact. While you may agree that energy situation has just bettered (during Ramzan) but we aren’t sure if it is going to remain the same in coming days or... view complete article
Pakistani Entrepreneur Wins mBillionth Award in India
Published on Jul 23, 2014 by PakBiz.com
mBillionth Awards South Asia is a platform for recognizing innovations in Telecom and Mobile content/Applications/Models. Abdul Muqsit, a UAE based Pakistani IT professional, has won mBillionth Award South Asia for his Online Pastho Dictionary in “m-... view complete article
Looking For A Great Business Idea? Try This
Published on Jul 21, 2014 by PakBiz.com
6 Reasons You NEVER Want To Begin Your Search With A Great Idea. Here's something fun and instructive to do on a rainy Saturday. Go to the nearest closeout store--the one that buys up all the products (rugs, clothing, small appliances, and sportin... view complete article
Microsoft Pakistan and HEC Partner to Benefit 156 Universities in Pakistan
Published on Jul 21, 2014 by PakBiz.com
Microsoft Pakistan And HEC Program in Pakistan 2014 Microsoft Pakistan and the Higher Education Commission (HEC) of Pakistan organized an Academic Day to reinforce an on-going education alliance agreement to offer Microsoft software, t... view complete article
Saudi Arabia Started 1MW Solar Power Generation At Equestrian Resort Near Riyadh
Published on Jun 24, 2014 by Admin PakBiz.com
Saudi Arabia Goes Solar Kingdom of Saudi Arabia (KSA) has gone solar through a 1 MW solar power generation facility at Nofa Equestrian Resort near Riyadh. The 28 dish solar power station began operating on May 1. It is thus an important mile stone not ... view complete article
Qatar Planned To Build Three Bridges Interconnected By Subsea Tunnels Before FIFA World Cup 2022 Qatar
Published on Jun 24, 2014 by Admin PakBiz.com
Qatar Football World Cup 2022 Qatar has begun planning to build three bridges interconnected by subsea tunnels. The project is to be completed by 2021 – before soccer World Cup finals. The three bridges will span 600 to 1,310 meters and will link Doha ... view complete article
Mobile Phones & Telecom Apparatus Worth US $ 662.1 Million During First Nine Months of Current Fiscal Year
Published on Jun 13, 2014 by Admin PakBiz.com
Mobile Phone & Telecom Imports of Pakistan 2014 ISLAMABAD: The country has imported mobile handsets and other telecom apparatus worth US $ 662.1 million during first nine months of current fiscal year. Of the total imports in three quarters, the count... view complete article
Pakistan Federal Budget 2014-15 Salient Features
Published on Jun 04, 2014 by Admin Pakbiz.com
Pakistan Federal Budget 2014-15 Salient Features Finance Minister Ishaq Dar presented the budget for the fiscal year 2014-15 with a total outlay of Rs3.945 trillion in the National Assembly. • The total outlay of budget 2014-15 is Rs 4,302 ... view complete article
Rs 3.854 Trillion Outlay Likely For Federal Budget 2014-15
Published on Jun 02, 2014 by Admin PakBiz.com
Rs 1.347 trillion to be allocated for payment of interest on loans; Rs 700bn for defence, Rs 215bn for pension, Rs 229bn for subsidies, Rs 35bn for provincial grants, Rs 85bn for BISP, Rs 525bn for PSDP and Rs 1,703bn for provinces under NFC Award. ISL... view complete article
New Taxes of Rs 255bn in FY14-15 Budget Likely
Published on Jun 02, 2014 by Admin PakBiz.com
ISLAMABAD: The Pakistan Muslim League-N government is all set to introduce a number of revenue-generation measures in the budget for financial year 2014-15, including new taxes that are expected to yield an estimated Rs255 billion. Sources in the finan... view complete article
Federal Budget 2014-15 To Set Direction Of Economy - Dar
Published on Jun 02, 2014 by Admin PakBiz.com
ISLAMABAD: Minister for Finance Ishaq Dar on Tuesday said the Federal Budget 2014-15 would set direction of national economy and would act as a component of mid-term macroeconomic strategy. Chairing a meeting of the Federal Board of Revenue (FBR) to re... view complete article
Pakistan Ball Maker To Fulfill Football World Cup 2014 Brasil Dream
Published on May 23, 2014 by PakBiz.com
When FIFA World Cup's supplier failed to keep up with the demand of soccer balls in Rio de Janeiro, a Sialkot ball manufacturing company then stepped in and got the contract. Pakistan may be known as a cricketing nation but not many know that the socce... view complete article
Mango Exporter Sees 15% Growth This Season of 2014
Published on May 16, 2014 by Admin PakBiz.com
KARACHI: With the next season starting in May, the country is likely to boost its mango exports by 15% and add two new markets this year, according to Babar Khan Durrani, CEO of Pakistan Horti Fresh Processing (Private) Limited – a joint venture between Durra... view complete article
Top 10 Countries With Highest Exports 2014
Published on May 08, 2014 by Admin PakBiz.com
The competition among the nations to dominate one another in the race of development and prosperity has had been the habit. The human beings, no matter which area of the world they belong, always want to overcome the hurdles of their lives and become prominent... view complete article
Top 10 Countries With Highest GDP In 2013-2014
Published on May 08, 2014 by Admin PakBiz.com
GDP (Gross Domestic Production) is the value of annual domestic productions and export of a country. The higher the GDP of a country is, the more are its chances to take steps towards a progressive tomorrow. Every nation is concerned about how to remain promin... view complete article
Pakistan Plans Huge Desert Solar Park to Fight Energy Crisis
Published on May 06, 2014 by Admin PakBiz.com
For years Pakistanis have sweated and cursed through summer power cuts, but now the government plans to harness the sun’s ferocious heat to help tackle the country’s chronic energy crisis. In a corner of the Cholistan desert in Punjab, power transmission li... view complete article
Petroleum Prices Will Be Reduced in Pakistan From 1st May, 2014
Published on Apr 30, 2014 by Admin PakBiz.com
The Ministry of Petroleum has given approval of the summery for cut in petroleum product prices. The new rates will be effective from May 1st (Wednesday night). The fresh cut in oil prices were approved on the recommendation of Oil and Gas Regulat... view complete article
First Wind Power Project To Be Installed At Jhimpir Sindh
Published on Apr 29, 2014 by Admin PakBiz.com
The project will become operational by 2016 producing 650 Mega Watt (MW) of electricity . The first wind power project having capacity of producing 650 megawatts of electricity is to be installed at Jhimpir Wind Corridor in district Thatta of the Sin... view complete article
Knitwear Exports Increase To $ 2.03 Billion
Published on Apr 07, 2014 by Admin PakBiz.com
Ministry of Textile Industry adopted measures to facilitate the sector to enhance exports. The incentives announced in first ever Textiles Policy has resulted in boost to knitwear exports that have reached 2.03 billion from 1.73 billion US Dollars. Ministry ... view complete article
SMEDA Projects Exports To $ 54.2 Billion Under SME Development Plan
Published on Apr 07, 2014 by Admin PakBiz.com
Small and Medium Enterprises development plan for 2013-18 has been launched to lift growth trajectory of SMEs. Small and Medium Enterprises Development Authority has projected exports of the country from 18.21 billion US Dollars to 54.2 billion US Dollars und... view complete article
UPS Buying Guide | Know Before Purchasing of UPS & Inverters
Published on Mar 31, 2014 by Admin PakBiz.com
UPS: Short for uninterruptible power supply, a power supply that includes a battery to maintain power in the event of a power outage. Typically, a UPS keeps a computer running for several minutes after a power outage, enabling you to save data that is i... view complete article
Gold Imports Increase By 20.4 % in 8 Months of Current Fiscal Year 2013-14
Published on Mar 26, 2014 by Admin PakBiz.com
The gold imports during the first eight months of current fiscal year 2013-14 surged by 20.4 percent as against the same period of last year. According to data of Pakistan Bureau of Statistics (PBS), during the period under review, 4,203 kilogram of yellow me... view complete article
Will Rupee Appreciation Last ?
Published on Mar 13, 2014 by Admin Pakbiz.com
The ongoing currency volatility is the highlight of the new governments economic management. Indeed, it is a job well done by Mr. Accountant, as the currency has appreciated consistently ever since he claimed that he would pull it back below the 100 mark. The ... view complete article
Country’s Forex Reserves Increase To $9.37bn: Dar
Published on Mar 13, 2014 by Admin Pakbiz.com
ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar said that the forex reserves of the country have improved from US$ 7.59 billion on February 07, 2014 to US$ 9.37 billion on March 07 2014. "The efforts of the Government have started to show ... view complete article
THE RUPEE Unprecedented Rise
Published on Mar 13, 2014 by Admin Pakbiz.com
Bulls persisted as the rupee maintained its climb over the dollar in the process of trading on the money market on Wednesday, dealers said. The experts said the dollar's surprise fall made the rupee able to shed its losses, hoping that after the 98 barrier, it... view complete article
Published on Mar 13, 2014 by Admin Pakbiz.com
view complete article
PHMEA Concerned At Rupee's Appreciation Against Dollar
Published on Mar 13, 2014 by Pakbiz.com
Pakistan Hosiery Manufacturers & Exporters Association (PHMEA) on Monday expressed concerns over the appreciation of Pak rupee against dollar, which has a serious impact on exporters. "The appreciation of rupee against dollar during your tenure is no doubt a v... view complete article
Pakistan Extends Ban on Gold Imports To March 31
Published on Mar 13, 2014 by Pakbiz.com
MUMBAI: Pakistan has extended its ban on gold imports to March 31, the finance ministry said on Tuesday, as it tries to stop smuggling to India where high import duties have made supplies scarce. India's import duty of 10 percent and tight restrictions on sup... view complete article
PTEA Awearness Seminar on Compliance Requirements of GSP Plus Scheme
Published on Feb 22, 2014 by Admin Pakbiz.com
PTEA is going to Organize An Awareness Seminar on "Compliance Requirements of GSP Plus Scheme" . To avail the maximum benefits of GSP Plus Scheme, Pakistan Textile Exporters Association (PTEA), in collaboration with Ministry of Textile Industry has taken... view complete article
Govt To Train Cotton Growers To Harness Full GSP Plus Potential
Published on Feb 06, 2014 by Admin Pakbiz.com
Spokesman of Ministry of Textile Industry says training would be provided to farmers in modern technologies of cultivations and crop management. Ministry of Textile Industry has planned training programmes for cotton growers to harness full potential of the ... view complete article
GSP Plus Status Will Strengthen Economy - President
Published on Jan 21, 2014 by Admin PakBiz.com
European Union Ambassador in Islamabad Lars-Gunnar Wigemark assured continued EU support for the revival of Pakistan's economy. President Mamnoon Hussain says grant of GSP Plus status to Pakistan demonstrates European Union's confidence in the quality and co... view complete article
Pakistan‚ India Agree To Normalize Trade Ties
Published on Jan 21, 2014 by Admin PakBiz.com
Khurram Dastgir says promotion of trade between Pakistan and India is beneficial for both the countries. Pakistan and India have agreed to expedite the process of bringing trade ties to normal level. This has been stated in a joint communique after the meeti... view complete article
50‚000 Pakistanis Visited China in 2013: Chinese Ambassador
Published on Jan 21, 2014 by Admin PakBiz.com
Ambassador of China‚ Sun Weidong said this was a whopping 20% increase from the previous year indicating ever strengthening relations. Ambassador of China‚ Sun Weidong has said more than 50‚000 people from Pakistan were issued visas for China in the year 201... view complete article
ECC Imposes 30-Day Ban on Import of Gold
Published on Jan 21, 2014 by Admin PakBiz.com
The Economic Coordination Committee of the Cabinet has imposed the ban to check smuggling and speculation in currency. The Economic Coordination Committee (ECC) of the Cabinet has imposed a 30-day ban on import of gold to check smuggling and speculation in c... view complete article
FPCCI DELEGTION CALLS ON PRESIDENT
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 28 Dated: 1/6/2014 President Mamnoon Hussain Monday emphasized the critical role of the business community and entrepreneurs in the ongoing economic turnaround of the country and urged them to step up efforts and complement government’s... view complete article
PAKISTAN MANDARINS FESTIVAL HELD IN SINGAPORE
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 37 Dated: 1/7/2014 Pakistani Mandarin Oranges, as Kinnows arrive in Singapore towards the end of Decembe, heralding the arrival of New year. This year, the Pakistani oranges were received with greater enthusiasm. The Pakistan High Commi... view complete article
AGREEMENT ON LNG IMPORT FROM YEMEN LIKELY DURING JANUARY, 2014
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 63 Dated: 1/8/2014 The 7th Session of Pakistan – Yemen Joint Ministerial Commission was held in Islamabad from January 7-8, 2014. The Inaugural Session was Co-chaired by Mr. Ghulam Murtaza Khan Jatoi, Minister for Industries & Productio... view complete article
ECC CONCERNED OVER INCREASE IN FERTILIZER PRICES
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 67 Dated: 1/8/2014 A meeting of the Economic Coordination Committee (ECC) which lasted for over four and half hours was held under the chairmanship of Finance Minister Senator Mohammad Ishaq Dar at the Prime Minister’s Office this after... view complete article
GREAT POTENTIAL OF TRADE BETWEEN PAKISTAN AND UNITED ARAB EMIRATES (UAE)
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 66 Dated: 1/8/2014 “There is a great potential of trade between Pakistan and United Arab Emirates (UAE) in agriculture sector particularly in areas of poultry and livestock”, Sikandar Hayat Khan Bosan Federal Minister for National Food ... view complete article
SIKANDAR HAYAT BOSAN WELCOMES INVESTMENT BY SAUDI COMPANY
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 71 Dated: 1/9/2014 Federal Minister for National Food Security & Research (MNFSR), Sikandar Hayat Khan Bosan today said that investment by Saudi Agricultural and Livestock Company (SALIC) in livestock and agriculture sectors would be we... view complete article
CHINESE COMPANY TO INVEST US$ 2 BILLION IN PAKISTAN
Published on Jan 15, 2014 by Admin Pakbiz.com
Press Release No: 68 Dated: 1/9/2014 Prime Minister Muhammad Nawaz Sharif has said that Pakistan is one of the emerging economies of world. Government is making structural reforms to make the economy attractive for local and international investors, he a... view complete article
PAK RICE EXPORTERS DELEGATION ARRIVES IN BEIJING-CHINA
Published on Jan 06, 2014 by Admin Pakiz.com
Press Release No: 27 Dated: 1/5/2014 Pakistan’s Ambassador to China. Masood Khalid has expressed the hope that the exporters will fully utilize the opportunities China offered to them and take the rice export trade trajectory upward in the near future. H... view complete article
Surgical Goods and Medical Instruments Grow Up By 5 % Worth US$ 133.27 Mn During Fiscal Year July-November (2013)
Published on Jan 04, 2014 by Admin Pakbiz.com
ISLAMABAD: Exports of surgical goods and medical instruments from the country during first five months of current financial year grew by 5 percent as compared to the corresponding period of last year. Surgical goods and medical instruments worth US$ 133.27 mi... view complete article
Surgical Goods and Medical Instruments Grow Up By 5 % Worth US$ 133.27 Mn During Fiscal Year July-November (2013)
Published on Jan 04, 2014 by Admin Pakbiz.com
ISLAMABAD: Exports of surgical goods and medical instruments from the country during first five months of current financial year grew by 5 percent as compared to the corresponding period of last year. Surgical goods and medical instruments worth US$ 133.27 mi... view complete article
FPCCI Urged Government For Value Addition in Textile Sector After Award of GSP Plus Status
Published on Jan 04, 2014 by Admin Pakbiz.com
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Saturday urged the government to make a detailed plan to stimulate value addition in textiles and other sectors to encourage exports and employment after award of GSP Plus.... view complete article
Textile Exports of Pakistan Recorded Up By 6.02 % in Current Fiscal Year July-November (2013-14)
Published on Jan 04, 2014 by Admin Pakbiz.com
ISLAMABAD: The textile exports from the country increased by 6.02 percent during the first five months of current fiscal year against the exports of same period of last year. On year-on-year basis, textile exports during November 2013 increased by 0.93 percen... view complete article
Food Exports Lift Up By 2.63% and Imports Decline By 8.21% in Current Fiscal Year
Published on Jan 04, 2014 by Admin Pakbiz.com
ISLAMABAD: Food group exports from the country during first five months of current financial year increased by 2.63 percent where as imports of food decreased by 8.21 percent. From July-November, 2013 food commodities worth US$ 1.61 billion exported which was... view complete article
Key Initiatives under Textiles Policy 2009-14 of Pakistan
Published on Dec 23, 2013 by Admin Pakbiz.com
Cross-cutting Issues A Textiles Investment Support Fund (TISF) will be established for incentivizing investments in specific areas including modernization of machinery and technology, removing infrastructural bottlenecks, enhancing skills, better marketing an... view complete article
An Analysis - Textile Policy 2009-14 By Dr. Kamal Monno
Published on Dec 23, 2013 by Admin Pakbiz.com
The first ever National Textile Policy was recently announced by the government and is being generally hailed by the stakeholders since it not only addresses some of their key concerns and demands but also shows (albeit after a long wait) the required commitme... view complete article
The First Ever Five-Year Textile Policy 2009-2014 of Pakistan
Published on Dec 23, 2013 by Admin Pakbiz.com
The government announced the first ever five-year Textile Policy 2009-2014 that aims at taking the country's textile exports from the existing US $10 billion to $25 billion by the year 2015. Under the policy, the textile sector would enjoy Rs 42 billion in sub... view complete article
World's Electronic-Waste to Grow 33% By 2017
Published on Dec 17, 2013 by Admin Pakbiz.com
By 2017, the global volume of discarded refrigerators, TVs, cellphones, computers, monitors and other electronic waste will weigh almost as much as 200 Empire State Buildings, a new report predicts. The forecast, based on data gathered by United Nations organ... view complete article
Indo-Pak Bilateral Trade Doubled Stands At $ 50 bn in Two Years
Published on Dec 16, 2013 by Admin Pakbiz.com
ISLAMABAD: Bilateral trade between Pakistan and India has doubled in the last two years to $ 2.7 billion which can be pushed up to $ 8 billion by taking some simple measures, said Zubair Ahmed Malik, President of Federation of Pakistan Chamber of Commer... view complete article
China’s Decision To Import Yarn in Bulk May Increase Cotton Prices Worldwide
Published on Dec 16, 2013 by Admin Pakbiz.com
LAHORE: China’s decision to import yarn in bulk may elevate cotton prices internationally, a phenomenon anxiously awaited by the Pakistan cotton farmers selling their stocks on an average basis prices ranging between Rs 3000 to Rs 3100 in Sindh and Punj... view complete article
PTA Between Pakistan And Turkey To Be Signed Soon
Published on Dec 16, 2013 by Admin Pakbiz.com
KARACHI): The Preferential Trade Agreement (PTA) between Turkey and Pakistan is expected to be signed soon. This was stated by the Consul General of the Republic of Turkey in Karachi, Murat Onart. He said that this would help enhance the bilateral tra... view complete article
GSP Plus Status Approved For Pakistan’s Textile Exporters
Published on Dec 12, 2013 by Admin Pakbiz.com
BRUSSELS: The European Parliament has approved GSP Plus status for Pakistan. 406 parliamentarians expressed their support for Pakistan and the status has been granted till 2017. The status will prove to be of great benefit to Pakistan’s textile manufa... view complete article
Prime Minister's Youth Small Business Loan Scheme 2013
Published on Dec 10, 2013 by Admin Pakbiz.com
Prime Minister's Youth Small Business Loan Scheme 2013 The Prime Minister's Program for Youth has broad canvas of schemes enabling youth and poor segments of population to get good opportunities of employment, economic empowerment, acquiring skills nee... view complete article
3rd Indonesian Products' Exhibition In Hyderabad Will Start From December 10
Published on Nov 29, 2013 by Admin Pakbiz.com
HYDERABAD: Two- day 3rd Indonesian Products' Exhibition will be held in Hyderabad from December 10 to 11 with the objective to attract the business community and build strong trade relations between Pakistan and Indonesia. This was stated by Consul General of... view complete article
Toyota – Manufacturing Innovation Challenge 2013-2014
Published on Nov 29, 2013 by Admin Pakbiz.com
ISLAMABAD: Pakistan Innovation Foundation (PIF) and Indus Motor Company (IMC) has announced the launch of National Innovation Grand Challenge (NICG) 2013-14,with objective to solve challenges of the country in areas including agriculture, energy, rural develop... view complete article
SECP Extends Filing Date of Annual Returns And Annual Accounts
Published on Nov 28, 2013 by Admin Pakbiz.com
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended the date of filing of Form-A/B up to Monday, December 2, for other than listed companies and to Monday, December 16, for listed companies. The extensions have been granted due t... view complete article
ATF Expo 2013 South Africa – Nine Companies of Pakistan Participated In ATF Expo 2013 Under The Umbrella of TDAP
Published on Nov 23, 2013 by Admin Pakbiz.com
ISLAMABAD: Nine companies, under the umbrella of Trade Development Authority of Pakistan (TDAP), representing an array of trade sectors are participating in Apparel, Textile, Footwear & Machinery Trade Exhibition (ATF) Expo which is being held in the port city... view complete article
Pakistan Kinnow Exporting Companies Visits Indonesia To Explore And Re-Establish Kinno (Mandarin) Market
Published on Nov 21, 2013 by Admin Pakbiz.com
ISLAMABAD: An eight-member delegation of Kinnow exporting companies is visiting Indonesia to explore and re-establish Pakistani Kinno (Mandarin) market there. Pakistan's Mission in Jakarta is facilitating the delegation of Sargodha Chamber of Commerce and Ind... view complete article
Revision of Petroleum Products Prices as on 1st November, 2013
Published on Nov 01, 2013 by Admin Pakbiz.com
ISLAMABAD: The government on Thursday announced a small decrease of 0.48 paisa in the price of petrol for November in contrast to OGRA’s suggestion of Rs 2.48 per liter cut. The price has fallen from Rs 113.24 to Rs112.76 per liter. The prices of other petrol... view complete article
Exports of fruits from Pakistan grow up 44.64 % in first quarter of current fiscal year 2013-2014
Published on Oct 31, 2013 by Admin Pakbiz.com
ISLAMABAD: The exports of fruits from the country increased by 44.64 percent during the first quarter of the current fiscal year as against the same period of last year. The overall fruit exports during July-September (2013-14) were recorded at $92.027 millio... view complete article
Exports of Seafoods increased by 34.34 % in first 3 months of a current fiscal year
Published on Oct 30, 2013 by Admin Pakbiz.com
ISLAMABAD: Exports of fish and fish preparations increased by 34.34 percent during the first three months of the current fiscal year against the corresponding period of last year. The overall exports of fish and fish preparations were recorded at $85.2 millio... view complete article
The industry of gems & jewelry of Pakistan has strong export ability & country can earn millions of a dollar on the export of gems & jewelry products to the international market. Minister
Published on Oct 29, 2013 by Admin Pakbiz.com
KARACHI: Federal Minister for Industries and Production Ghulam Murtaza Jatoi Friday said that Pakistan has immense potential for export of value added products of gems and jewellery. The Minister said the country can earn billion of dollars of Foreign Exchang... view complete article
Japanese Company Yamaha Has Decided To Invest 150$ Million in Pakistan
Published on Oct 28, 2013 by Admin Pakbiz.com
ISLAMABAD: Chairman, Board of Investment (BoI) Mohammad Zubair has said that the government wants to bring foreign investment for the economic stability and prosperity in the country. He said that the government is concentrating on revenue generation, increas... view complete article
550 Local & Foreign Exhibitors Participated in The 8th Expo Pakistan 2013
Published on Sep 28, 2013 by Admin Pakbiz.com
The 8th Expo Pakistan 2013: State Minister for Commerce and Textile Industry Khurram Dastagir Khan has congratulated Trade Development Authority of Pakistan on organizing such a good platform to showcase Pakistan’s products from various sectors to the internat... view complete article
Turkey Initiates Various Development & Investment Projects In Energy Sector
Published on Sep 10, 2013 by Admin Pakbiz.com
Turkish Minister for Energy and Natural Resources Taner in a meeting here with Ambassador of Pakistan Muhammad Haroon Shaukat assured full support of his government for initiating various development and investment projects in the energy sector. The meeting to... view complete article
US Commit To Enhance Trade & Economic Partnership With Pakistan
Published on Sep 07, 2013 by Admin Pakbiz.com
The United States on Friday pledged to enhance trade and investment partnership with Pakistan, as it also expressed support for Islamabad's efforts towards economic stabilization. "The new Pakistani government, as you know, has cited economic revitalization a... view complete article
Government Encourage Foreign Investors To Invest In The Country
Published on Sep 06, 2013 by Admin Pakbiz.com
Federal Minister for Science and Technology Zahid Hamid has said government was business friendly and would encourage foreign investors to invest in the country. He was talking to a delegation of the joint venture partners from POSCO of South Korea and Al Tuw... view complete article
Nokia To Sell Handset Business To Microsoft For $7.2 billion
Published on Sep 03, 2013 by Admin Pakbiz.com
Two years after hitching its fate to Microsoft's Windows Phone software, Nokia collapsed into the arms of the U.S. software giant on Tuesday, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion). Nokia, which will continue to make ... view complete article
PTI, JI, PPP, ANP & MQM Rejects Lift Up in Petroleum Products
Published on Sep 02, 2013 by Admin Pakbiz.com
Pakistan Tehreek-e-Insaf (PTI), Muttahida Qaumi Movement (MQM), Awami National Party (ANP), Pakistan People’s Party (PPP), Jamat e Islami strongly condemned hike in the prices of petroleum products on Sunday. PTI Chairman Imran Khan has rejected hike in the p... view complete article
Pakistan Hosts 33rd Session of D-8 Commission Today in Islamabad
Published on Sep 02, 2013 by Admin Pakbiz.com
Advisor to the Prime Minister Nawaz Sharif on National Security and Foreign Affairs Sartaj Aziz will inaugurate the 33rd session of D-8 Commission. The D-8 Commissioners from Member Countries‚ including Bangladesh‚ Egypt‚ Indonesia‚ Iran‚ Malaysia‚ Nigeria‚ P... view complete article
Prices of Petroleum Products Lift Up in Pakistan - Petrol 109.14 / ltr.
Published on Sep 02, 2013 by Admin Pakbiz.com
On Sunday government once again increased the price of petrol by Rs 4.64 and that of diesel by 2.5 per liter. The price of Kerosene oil has also been raised by Rs 4.70 per liter. A notification to this effect has been issued. After the rise, the revised pric... view complete article
Huge Potential of Bilateral Trade Between Pakistan & Indonesia
Published on Aug 31, 2013 by Admin Pakbiz.com
Acting President, Karachi Chamber of Commerce and Industry (KCCI) Shamim A. Firpo has emphasised on due utilisation of huge potential of bilateral trade between Pakistan and Indonesia. Exploration of new business prospects and new trading avenues needs attent... view complete article
Karachi Chamber of Commerce & Industry (KCCI) Hosts Iftar Dinner For Karachi-Based Diplomats
Published on Jul 17, 2013 by Noman
Karachi Chamber of Commerce & Industry (KCCI) organized Iftar dinner in honour of Karachi-based Diplomats to recognize their services to promote bilateral relations between Pakistan and their respective countries. Siraj Kassam Teli, Chairman, Businessmen Grou... view complete article
Federal Budget of Pakistan 2013-2014
Published on Jul 13, 2013 by Muhammad Noman
Budget Speech of Finance Minister 1. As I rise to present the first budget of the newly elected government I want to thank Allah (SWT) for bestowing this singular honor on me. It is not a mere occasion of presenting a budget. It is marking a major transiti... view complete article
Gold Price Analysis - June 20, 2013
Published on Jun 20, 2013 by Muhammad Noman
The XAU/USD pair (Gold vs. the American dollar) fell precipitously after Federal Reserve President Ben Bernanke said the central bank could reduce its asset purchases this year and end it in 2014 if the employment outlook shows sustainable improvement. Ber... view complete article
Why Gold Prices Are Going Down ??
Published on Jun 20, 2013 by Muhammad Noman
Gold investors are just not feeling the love, once again left to wonder why gold prices are going down. The yellow metal dipped again Thursday, with gold for June delivery ending down $10 at $1,386.10 an ounce. It was the sixth consecutive trading day of de... view complete article
Gold Fall suddenly As Low As $1,287.91 An Ounce
Published on Jun 20, 2013 by Muhammad Noman
Gold slumped close to a three-year low after the US Federal Reserve signaled it would wind down its massive stimulus program this year. On the London Bullion Market, the price of gold tumbled as low as $1,287.91 an ounce as the dollar weakened -- the precio... view complete article
No Short Cuts Available
Published on May 15, 2013 by Noman

On April 17, the Pakistan Business Council (PBC) – business policy advocacy platform – held the second Pakistan Economic Forum. This is an excellent initiative by the PBC to bring together some of the finest minds in Pakistan to deliberate on economic... view complete article

Pakistan Furniture Industry Enjoys Growth
Published on Mar 20, 2013 by Noman
Pakistan’s furniture industry has been expanding with many new entrants joining the bandwagon every year, says Founder of All Pakistan Furniture Exporters Association.
Consumer spending in Pakistan has increased by an average of 26% in the past three years,... view complete article
Pakistani Businesses Can Export More than 3,500 items to the United States Duty Free
Published on Mar 14, 2013 by Muhammad Noman

Reported on March 08, 2013: Mr. James Fluker, Commercial Counselor at the U.S. Embassy in Islamabad, held a session at the KP Chamber of Commerce and Industry to help local businesses understand how to be competitive in U.S. markets. Mr. Fluker’s visit to... view complete article

Tourism in Pakistan
Published on Mar 14, 2013 by Muhammad Noman

ISLAMABAD: Managing Director Pakistan Tourism Development Corporation (PTDC)Mir Shahjahan Khetran said that Pakistan has a variety of products to offer to visitors from the all over the world.
Speaking in function arranged by ‘Inspire Pakistan Day’ he ... view complete article

Pakistan has a variety of products to offer to visitors from the all over the world
Published on Jan 22, 2013 by Noman

ISLAMABAD: Managing Director Pakistan Tourism Development Corporation (PTDC)Mir Shahjahan Khetran said that Pakistan has a variety of products to offer to visitors from the all over the world.
Speaking in function arranged by ‘Inspire Pakistan Day’ he ... view complete article

Small and Medium Enterprise
Published on Dec 08, 2012 by Muhammad Noman

Small and Medium Enterprise:
Small and medium enterprise or small and medium-sized enterprise (SMEs, small and medium-sized businesses, SMBs) are companies whose personnel numbers fall below certain limits. The abbreviation "SME" is us... view complete article

Soft Launch of Electrofair Pakistan 2012
Published on Nov 06, 2012 by Noman Khan

Soft Launch of Electrofair Pakistan 2012 A Premier Electrical & Electronics Industrial Exhibition
Pakistan's electrical and electronics industry has great potential to export its products while providing new employment opportuni... view complete article

The Lahore Expo Centre
Published on Oct 16, 2012 by Noman
Lahore Expo Centre Expo Lahore

Lahore Expo Centre Expo Lahore (Pvt) Limited is a corporate body jointly owned by the Government of Pakistan and Government of the Punjab with a mandate to design, develop, operate and promote a state-o... view complete article

The Karachi Expo Centre-Leading Trade Centers of The World
Published on Oct 03, 2012 by Noman

Karachi Expo Center Exhibitions are one of the most effective tool of trade Promotion. Leading trade centers of the world provide permanent e... view complete article

Selling Offers or Leads Create a Competitive Advantages
Published on Sep 11, 2012 by Noman

Selling Offers or Leads Create a Competitive Advantages:
In today's economy, big and small businesses are seeking every opportunity to win sales through competitive advantages. Smart owners of small business know a selling ... view complete article

Lessons From The Business World
Published on Jul 17, 2012 by Noman
Lessons From The Business World
Mistakes are expensive but necessary
Although they can be costly, mistakes are nothing more than a learning experience. They can provide valuable knowledge if you use them as a reason to learn and keep going... view complete article
Pakistan Budget Speech 2012-13(Part-I)
Published on Jun 02, 2012 by Noman

Budget Speech 2012-13
PART-I
Bismillahir Rehmanir Raheem
Madam Speaker
want to start by thanking Almighty Allah for giving me the responsibility to present the fifth budget of the elected government. This is a historic occasion.... view complete article

Pakistan Budget Speech 2012-13(Part-II)
Published on Jun 02, 2012 by Noman

Budget Speech 2012-13
PART-II
Madam Speaker

Let me now turn to the Part-II of my speech which relates to tax proposals
TAXATION PROPOSALS
As a country, we have not been successful in mobilizing revenues. Success on t... view complete article

Apple's Business History
Published on May 30, 2012 by Noman

Apple Inc. (NAASDAQ: AAPL formerly Apple Computer, Inc.) is an American multinational corporation that designs and sells consumer electronics, computer software, and personal computers. The company's best-known hardware products are the Macintosh l... view complete article

Exhibitions Provide Business Opportunities
Published on Mar 22, 2012 by Noman
Exhibitions Provide Business Opportunities Trade fairs, conferences, business events, economic forums and exhibitions can be defined in a unified manner as sophisticated platform for conducting business on a national and international scale. It is more than j... view complete article
Importance of Online B2B Marketplace
Published on Mar 05, 2012 by Noman
Considering their features and capabilities B2B marketplaces are still quite underused. However, the trend is changing and many companies started to realize the immense potential these promising online channels store. Now the common view is adoption of a marke... view complete article
Leather Goods Statistics & Export Opportunity of Pakistan
Published on Feb 27, 2012 by Noman
Exports of sports goods and leather manufactures increased by 10.23 percent and 7.12 percent to reach at $28.680 million and $53.883 million respectively during July 2011 as compared to the same month of last year. Sports and leather exports during July 201... view complete article
Major Exports of Pakistan to the Saudi Arabia & other Arab Countries
Published on Feb 27, 2012 by Noman
In commercial and trade sector, Pakistan and Saudi Arabia maintain good relations and this is increasing with the passage of time. Kingdom is amongst the top 20 major export destination of Pakistan. Pak-Saudi annual bilateral trade is above US$ 3.3 billion. Ma... view complete article
Definition of Commonly-Used Import Export Acronyms & Terms
Published on Feb 27, 2012 by Noman
FOB Prices: Free on board (FOB). This pricing term indicates that the cost of the goods, including all transportation and insurance costs from the manufacturer to the port of departure, as well as the costs of loading the vessel are readfiled in the qu... view complete article
7 Secrets to Business Success in China
Published on Feb 27, 2012 by Noman
One: Learn About China Many companies, when they expand to overseas markets, do not have a detailed knowledge of the new market they are going into. If a company is expanding into a small, comparatively unimportant market, where the revenue ... view complete article
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