‘State Bank to continue bringing inflation rate down’
Kazi Abdul Muktadir, deputy governor of the State Bank of Pakistan, on Wednesday said that the central bank would continue to play its role in bringing down the inflation rate in the country.
‘New SME development strategy soon’
Small and Medium Enterprise Development Authority (Smeda) has initiated the process to develop a new SME development strategy, which will focus on creating new employment and investment opportunities, Smeda Chief Executive Officer (CEO) Ahmad Nawaz Sukhera said. more... (TN)
Revenue body eliminates exemptions, concessions
In a move to boost revenue collection, the Federal Board of Revenue (FBR) has introduced budgetary measure, eliminating tax concessions and exemptions available to several sectors of the economy. more... (TN)
Relief after 6 years : EU lifts ban on Pakistan seafood import
In a major development regarding increasing exports of the country on Wednesday, the European Union (EU) has lifted the ban on import of Pakistan’s seafood products, which it had imposed in 2007 for failing to meet its specifications.
NESPAK wins $500m Afghan dam project
NESPAK a state organisation of consulting engineers has achieved a breakthrough by securing a dam project in Afghanistan. According to a press release on Wednesday, NESPAK is the first Pakistani firm, which would design the dam on the Farah River in Bakhshabad. more... (DT)
Pakistan exports to Malaysia grow by 6.15%
Pakistan’s exports to Malaysia have risen by 6.15 percent according to trade figures available for the period January-October 2012, Pakistan High Commission in Kuala Lumpur stated. Pakistan has exported goods worth $232.81 million to Malaysia, registering a growth of 6.15 percent or $13.48 million over the $219.33 million exports of corresponding period last year.