Pakistan Customs, Tax, Shipping & Business News Resource
Dubai: Fatima Fertilizer, Pakistan’s leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan’s agricultural ecosystem by ensuring…
The financial institutions disbursed Rs. 1,776 billion under agriculture financing during FY23 and achieved 97.6% of the agriculture credit target of Rs. 1,819 billion set by State Bank of Pakistan…
The government has approved a Gross Domestic Product (GDP) growth target of an estimated 3.5 percent for the 2023-24 financial year (FY24), according to the Annual Development Plan for the…
Islamabad: The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan’s Mohmand Multipurpose Dam Project, a major hydropower complex that will contribute to Pakistan’s…
Karachi: Agriculture is now center stage as the sector that can help salvage the economy by wiping out Pakistan’s trade deficit, said former Governor State Bank Syed Salim Raza. Leading…
ISLAMABAD: Federal Tax Ombudsman (FTO) ordered Chief Commissioner Inland Revenue, Lahore to make a detailed inquiry into allegation of Sales Tax Fraud by Millat Tractors Limited (MTL). The Director General…
State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs1,800 billion to the financial institutions for FY23 to cater to the agriculture credit demand in the…
ISLAMABAD: Federal Finance Minister, Miftah Ismail on Friday announced the federal budget for Financial year 2022-23 with a total out lay of Rupees 9.5 Trillion. The maiden budget by newly…
Fatima Fertilizer Company recently organized a farmer convention in collaboration with the Federal Ministry of Food Security, Punjab Agriculture Department, and PirMeher Ali Shah Arid Agriculture University, Rawalpindi to mark…
Credit disbursement to agriculture sector increased to Rs1,366 billion in FY21, witnessing a growth of 12% over FY20, despite the ongoing challenges posed by Covid-19 pandemic and climate change. The…
ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh, chaired a meeting to discuss the framework to facilitate the farmers through Warehouse Receipt Financing…
KARACHI: State Bank of Pakistan has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry. Currently, SBP offers various subsidized…
ISLAMABAD: The Chinese Ambassador to Pakistan Yao Jing called on Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar here on Wednesday. Matters of mutual interest including progress on China…
KARACHI: “I would urge the stakeholders including banks, federal and provincial governments to harness technology platforms for enhancing agricultural productivity”, said Tariq Bajwa, Governor State Bank of Pakistan while presiding…
LAHORE: Nestlé Waters Senior Vice President and Head of Technical, Peter Hagmann, inaugurated a site near Sheikhupura under Nestlé Pakistan’s Agricultural Efficiency Project. The project has the potential to help…
ISLAMABAD: The consultative meeting of the Ministry of Planning and Development took up a proposal to do away with Gas Infrastructure Development Cess (GIDC) on fertilizers especially urea, and to…
ISLAMABAD: Minnesota based Cargill Corporation has announced plans to invest more than $200 million in the next three-to-five years in Pakistan betting on rising agriculture and food demand in the…
KARACHI: National Bank of Pakistan and United Insurance Company (UIC) have entered a deal to support the agriculture sector of the country. According to the deal, the United Insurance Company…