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Editor n Cheif : Syed Asif Salahuddin
Editor: Tariq Sumair
 
Today's INP Latest English Business  News
 
SECP, SBP set up Council of Regulators to strengthen financial stability
  ISLAMABAD, May 27 (INP): The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) have signed a letter of understanding (LOU) to establish the Council of Regulators to mitigate systemic risk. Mr. Riaz Riazuddin, Acting Governor, SBP, and Mr. Zafar Hijazi, the SECP Chairman, signed the letter in a ceremony held at the SECP’s head office in Islamabad. full story
 
PBIF suggests complete ban on cotton imports
  ISLAMABAD, May 22 (INP) President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday suggested complete ban on imports of cotton to encourage local farmers. Continued collapse of cotton crop has discouraged cultivators who have started eying on other crops which can prove very damaging for our cotton economy, he said. full story
 
Budget, tax-related proposals for trade and commerce sector presented
  ISLAMABAD, May 21 (INP): Finance Minister, Senator Mohammad Ishaq Dar, chaired a preparatory meeting for the upcoming budget for FY 2017-18 at the Ministry of Finance on Sunday. full story
 
ADB may join to TAPI pipeline financing
  BAKU, May 21 (INP) The Asian Development Bank (ADB) does not exclude the possibility of funding the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline construction, Chin Choon Fong, senior advisor at the Central and West Asia Department of the bank, overseeing the project, told an Azerbaijani news agency. full story
 
Mauritania willing to take part in Belt and Road Initiative: President
  NOUAKCHOTT , MAURITANIA, May 21 (INP) Mauritanian President Mohamed Ould Abdel Aziz says that his country supports and stands ready to participate in the China-proposed Belt and Road Initiative. full story
 
SBP keeps policy rate unchanged at 5.75 percent; Overall balance of payments turned into deficit from a surplus ; GDP expected to grow at 5.3%
  KARACHI, May 20 (INP) The State Bank of Pakistan in its Monetary Policy announced Saturday kept the policy rate unchanged at 5.75 percent. In its Monetary Policy, the central Bank said real GDP growth in FY17 is provisionally estimated at 5.3 percent representing a 10 year high. Specifically,full story
 
Pakistan economy’s size surpasses $300bn; 5.3% GDP growth achieved
  ISLAMABAD, May 19 (INP): The size of Pakistan economy has surpassed $300 billion, as the sluggish growth rate of country’s economy has picked up pace. full story
 
CPEC biggest achievement of government; Process of development irreversible; FPCCI
  ISLAMABAD, May 18 (INP): The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday said China Pakistan Economic Corridor (CPEC) is the biggest achievement of the government which will change the fate of the country and the people. full story
 
Not all Pakistanis have to declare their offshore assets: SECP
  ISLAMABAD, May 17 (INP): The impression projected by a section of the media regarding a provision of the proposed Companies Bill, 2017, requiring all Pakistanis residing abroad to file the returns of their offshore assets is incorrect and misleading.full story
 
Telenor to invest $ 600,000 in four Velocity startups in Pakistan
  ISLAMABAD, May 17 (INP) : Four of the most promising Telenor Velocity Startups namely Shopsy.pk, MicroPower Labs, EcoEnergy, and Fori Mazdoori have successfully landed a sizeable funding of up to $600,000 that will help them make it big in the Pakistani market. full story
 
PEW worried over growing circular debt
  ISLAMABAD, May 17 (INP) The Pakistan Economy Watch (PEW) on Wednesday expressed apprehension over rising circular debt which is to compromise growth and hit masses with power outages in the summer. Circular debt has become a big threat to the image, credit rating and economic survival of the country which merits urgent attention, it said. full story
 
Day 9: No space for containers at ports due to goods transporters' strike
  KARACHI, May 16 (INP): As the goods transporters' strike entered its ninth day on Tuesday, there was no more space at ports to hold more containers. full story
 
Morgan Stanley Capital Int'l upgrades status of PSX to Emerging Market
  KARACHI, May 16 (INP) The Pakistan Stock Exchange (PSX) was upgraded to the Morgan Stanley Capital International (MSCI) Emerging Markets status, on Tuesday. full story
 
Pakistan’s Rice Exporters Delegation signs MoU with Jeddah Chamber to enhance rice exports
  JEDDAH, May 15 (INP) Rice Exporters Association of Pakistan (REAP) and JCCI signed an MoU for long term institutional collaboration between the two organizations. full story
 
Vietnam and Ethiopic desire enhanced ties with Pakistan
  BEIJING, May 14 (INP) Prime Minister Muhammad Nawaz Sharif met with Ethiopian Prime Minister Haile Mariam Desalegn on the sidelines of belt and road forum in Beijing on Sunday. full story
 
Japanese Dy PM appreciates economic performance of Pakistan ; Says country well poised for Japanese and international investments
  Yokohama: May 7 (INP) The Finance Minister,Senator Mohammad Ishaq Dar had a half an hour long meeting with the Deputy Prime Minister/Finance Minister of Japan, Mr. Taro Aso. full story
 
China may push for RCEP deal without India: Chinese Daily
  BEIJING, May 7 (INP) China may go ahead with a regional economic deal without India as there is slim hope of New Delhi signing it in view of its concerns over cheap Chinese goods inundating Indian markets, a report in state run daily “Global Times: said Sunday. Nfull story
 
SECP registered 884 companies in April
  ISLAMABAD, May 04 (INP): The Securities and Exchange Commission of Pakistan (SECP) during the month of April registered a record number of 884 companies, witnessing an increase of 40 percent as compared to same month of preceding year. full story
 
FPCCI resents non implementation of export package
  ISLAMABAD, May 1 (INP) The government should implement Rs180 billion export package without further delay to boost falling exports resulting in wide trade deficit, a business leader said on Monday.full story
 
Economy to expand by Rs700 billion in 2018: President PBIF
  ISLAMABAD, April 28 (INP): President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said economy will expand by Rs700 billion until 2018 due to improved power generation. full story
 
 
 
 
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