Sunday, January 3rd, 2021
Businessmen say strengthen rupee much needed to boost economy
ISLAMABAD, JAN 3 (DNA) – The Business Community seeks major correction in exchange rate against dollar in the year of 2021. Pakistan Businesses Forum (PBF) Vice President, Ahmad Jawad said country exports starts increasing including positive improvement in remittances as well as surplus in the current account structure; now free float concept may be stop and Government must go for certain measures to strengthen Pak Rupee against dollar which is much needed to boost economy. Jawad said “exchange rate is a fundamental ‘price’ in the economy, and getting it rightRead More
PIA announces two-way flights to Saudi Arabia as kingdom resumes international travel
ISLAMABAD: The Pakistan International Airlines (PIA) on Sunday announced the resumption of two-way flights to the kingdom after Saudi Arabia lifted its ban on international travel. Riyadh had closed its borders for travel last month after a new strain of the novel coronavirus had been detected in the United Kingdom. On Sunday, the kingdom’s civil aviation authority, the General Authority of Civil Aviation (GACA) announced the country was resuming international travel in a notification following which PIA made the announcement regarding resumption of its travel. A few days ago, theRead More
Timely implementation of long-term policies to bring new investments: PHMA
DNA ISLAMABAD, JAN 3 – The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) on Sunday expressed the hope that $20 billion export target fixed for the next five-year Textile Policy will be achieved. PHMA zonal chairman Faisal Mehboob Sheikh and chief coordinator Adil Butt said that timely implementation of the long-term policies would not only bring new investments in the country but would also enable the industry achieve the target of exports in the next five years. Faisal Mehboob Sheikh said that ad-hoc policies cannot prove beneficial for the country’sRead More
Entire industry needs more tax liberalization like construction sector’s incentives: FEBR
DNA ISLAMABAD, JAN 3 – With a view to keep the economy running and generate employment opportunities the Friends of Economic and Business Reforms (FEBR) President Kashif Anwar on Sunday urged the government to announce the construction sectors’ relief package for the entire industry across the country. “The FEBR welcomes the one year’s extension in the period for construction projects by allowing them to be completed by 2023 which would facilitate initiation and execution of more projects in this important sector,” he added. He termed it a very commendable decisionRead More
COVID positivity surges at 5.12 percent
Shujaat Hamza ISLAMABAD: The National COVID Positivity Ratio on Sunday was recorded 5.12 percent where 2,284 Coronavirus patients were in critical condition across the country with the number of critical patients rising at a fast pace. The positivity ratio was determined on the basis of positive cases appearing in 100 samples of COVID patients. The highest positivity ratio was observed in Mirpur which was 15.69 percent followed by Peshawar 12.13 percent and Karachi 11.27 percent, according to the latest update issued by the National Command and Operation Center (NCOC). TheRead More
Turkish envoy grieved over coal miners’ incident
A.M.Bhatti ISLAMABAD: Turkish envoy Ihsan Mustafa Yurdakul has strongly condemned coal miners’ killings in Balochistan. In a Tweet message on Sunday the Turkish ambassador said We are deeply saddened by the news that at least 11 coalminers lost their lives in a terrorist attack perpetrated in the Mach area of Balochistan. ‘We strongly condemn this heinous terrorist attack and extend our sincere condolences to the friendly and brotherly people and the Government of the Islamic Republic of Pakistan. We wish Allah’s mercy upon those who lost their lives’, the messageRead More