Govt vows to provide enabling environment to industrial sector: Marriyum Aurangzeb
The government is committed to provide an enabling environment to industrial sector in the country
Progress made by Pakistan`s macroeconomic sector has been acknowledged internationally. She was addressing the opening ceremony of 7th Interiors Pakistan Exhibition in Islamabad on Friday. The progress made by Pakistan`s macroeconomic sector has been acknowledged internationally.
PM reduces GST for small farmers to 5% from 17%: Bosan
Minister says the target set for the wheat crop will also be achieved. The agriculture production has increased due to the incentives given the present government to the farmers. Addressing a news conference in Islamabad on Friday, he says all the crops including the cotton has witnessed an increase in production.
Prime Minister has reduced the GST for small farmers to five percent from seventeen percent.
Punjab Govt 'Orange Cap' scheme to provide 100,000 cars to unemployed youth
The Government of Punjab is set to launch an "Orange Cap" scheme seeking to provide 100,000 cars to unemployed youth in the province.
"The Orange Cap scheme will be launched this year," the Punjab Chief Minister Shahbaz Sharif was quoted as saying by the provincial government in a tweet.
Sharif expressed his desire to see the framework of the scheme developed electronically in order to restrict any possibility of mismanagement or corruption.
PSX witnesses bullish trend
100 index crossed the limit of 49,000 points. Pakistan Stock Exchange witnessed surge in business activity and the 100 index crossed the limit of 49,000 points with an increase of 400 points on Friday afternoon. According to experts, trend is expected to sustain as the stock exchange is witnessing bullish trend since Thursday as the political situation of the country seems heading towards more stability.
Pakistan signs 40-year deal with China for Gwadar port operation
Minister of Ports and Shipping Mir Hasil Khan Bizenjo on Thursday apprised the Senate that Pakistan had signed a 40-year agreement with China for the operation of Gwadar port. During the question and answer session, the minister said under the agreement, China would carry out all development work on the port. As per the concession agreement, China Overseas Port Holding Company has a 91% share in the gross revenue of terminal and marine operations and 85% share in gross revenue from operations of the free zone,”
BOI to hold road show for increasing Pakistan’s FDI
The Board of Investment (BOI) says the government would hold road show in China, Germany including world big economies in coming few months for increasing Pakistan's Foreign Direct Investment. Through new work plan, BIO would hold road shows with the collaboration of chambers of industries and All Pakistan Textile Mills Association (APTMA) for focusing on textile and steel industry, said a Spokesman of Board of Investment (BOI) Shah Jahan in talking to APP here. Through pro-active approach, "We would have mainly focussing to achieve the FDI target US$ 15 billions by 2025.