ISLAMABAD, Nov. 30 (INP-WealthPK) — Pakistan Businesses Forum (PBF) Punjab President Muhammad Naseer Malik has urged for the establishment of a vending industry to aid in the growth of small and medium-sized enterprises (SMEs) in the country. He noted that in order to finance SMEs, the credit guarantee scheme (CGS) as well as non-banking financial institutions (NBFIs) and modaraba should …
ISLAMABAD, Nov 30 (INP-WealthPK): The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce (FPCCI) has rejected the central bank’s decision to jack up key policy rate by 100 basis points, taking it to 16%, the highest since 1998, stating that Pakistan’s interest rate was already very high in view of the regional countries markup rates. BMP Chairman …
ISLAMABAD, Nov. 30 (INP-WealthPK) — The federal government has authorised the use of development funds totaling Rs 241.26 billion out of a total allocation of Rs 727 billion under its Public Sector Development Programme (PSDP) for various ongoing and new social sector uplift projects of the federal ministries and divisions in the first four months of the current fiscal year. …
ISLAMABAD, Nov. 30 (INP-WealthPK) — Gem exports climbed by 98.59% during the first four months of the fiscal year 2022–23 compared to the exports of the goods during the same time last year, according to figures issued by the Pakistan Bureau of Statistics. Gems were exported for $3,797,000 from July to October 2022, in comparison to the $1,912,000 in exports …
ISLAMABAD Nov. 30 (INP-WealthPK) — Pakistan Furniture Council (PFC) will participate in a single country expo and conference, on December 1, in South Africa to look for commercial prospects and explore potential new markets for the country’s goods. Speaking to a group of business leaders, PFC Chief Executive Officer Mian Kashif Ashfaq said that it is a fantastic chance to …
ISLAMABAD, November 30 (INP-WealthPK)—Farmers have been advised to prepare their lands for the cultivation of Baharia Sunflower crop variety in early January for bumper yield. According to an official from the Department of Agriculture (Extension), if Baharia Sunflower crop variety is cultivated between January 1 and February 15, the chances of a bumper yield increase manifold. He, therefore, advised the …
ISLAMABAD, Nov. 30 (INP-WealthPK)— All Pakistan Business Forum (APBF) has expressed reservations on the continuous increase in the policy rate by the State Bank of Pakistan (SBP). APBF has called on the State Bank to revise its policy of increasing the interest rate without considering the interests of broader economy, especially the industrial and business sectors. APBF has said that …
ISLAMABAD, Nov. 30 (INP-WealthPK): Ethiopian Ambassador to Pakistan, Jemal Beker Abdula, has called on the business community of Islamabad to join a delegation of businessmen flying into Ethiopia early next year to explore business opportunities there. He said that the business delegation will fly to Ethiopia on the maiden flight of Ethiopian airlines that will start direct flight operations from …
ISLAMABAD, Nov. 29 (INP WealthPK) — Pakistan exported goods worth $29.125 million to Kazakhstan during the first four months of the current financial year. Bilateral trade volume between Pakistan and Kazakhstan reached $30.944 million during July-Oct FY23. The two countries are expected to sign a transit trade agreement that would help increase bilateral trade volume, WealthPK reported. Trade volume between …
ISLAMABAD, Nov 29 (INP-WealthPK): Pakistan’s distinctive geo-economic and strategic position makes it an excellent investment destination for foreign investors and businesses, reports WealthPK. The country offers both domestic and international investors eclectic and significant investment opportunities in lucrative markets because of its distinctive geo-economic position, competent human resources, and untapped development potential, according to a Board of Investment (BoI) official …
