Tag: SBP

Textile sector: Ministry releases Rs one billion to SBP for duty drawbacks

PAR Apr 22, 2017 0

The Finance Ministry has released Rs 1 billion to the State Bank of Pakistan (SBP) for duty drawbacks on local taxes collected from garments, home tex...

Export of Sugar - EPD Circular Letter No. 10 of 2017

PAR Apr 10, 2017 0

Authorized Dealers (ADs) may find enclosed Ministry of Commerce’s Office Memorandum No. 7(2)/2012-Exp.III dated March 30, 2017 regarding the above sub...

Government made Rs 13.163 billion payment against fertilizer cash subsidy: Senate informed

PAR Mar 16, 2017 0

The Senate was informed on Wednesday that the government made payment of Rs 13.163 billion against announced fertilizer cash subsidy. During the quest...

SBP looking into NADRA-MasterCard agreement over concerns of possible breach of security of national database

PAR Jan 26, 2017 0

The State Bank of Pakistan (SBP) has decided to look into a newly signed agreement between MasterCard – an online payment processing company and Natio...

DAP import suspended by fertilizer importers

PAR Jan 24, 2017 0

The fertilizer importers have announced to suspend import of DAP due to non-payment of over Rs 5 billion subsidy by the federal government. Industry s...

Urea export allowed by ECC

PAR Jan 24, 2017 0

The Economic Coordination Committee (ECC) of the Cabinet has allowed the export of 0.3 million tons of urea and decided to continue a Rs 200 subsidy o...

Pakistan Stock Exchange, Chinese Consortium Sign Formal Equity Share Purchase Agreement

PAR Jan 21, 2017 0

Federal Finance Minister Senator Mohammad Ishaq Dar Friday witnessed the signing of share purchase agreement of Pakistan Stock Exchange’s (PSX) equity...

First-come-first-served rule for surplus sugar export: SBP

PAR Jan 20, 2017 0

The State Bank of Pakistan (SBP) said on Thursday that export quota to sugar mills would be allocated on first-come-first-served basis and only surplu...

Export of Sugar - EPD Circular Letter No. 01 of 2017

PAR Jan 20, 2017 0

Authorized Dealers (ADs) may find enclosed Ministry of Commerce’s Office Memorandum No. 7(2)/2012-Exp.III dated January 6, 2017 regarding the above su...

NA body wants utility tariff for textile at par with region

PAR Jan 18, 2017 0

KARACHI: Members of the National Assembly (NA)'s Standing Committee on Textile Industry and representatives from the textile sector Tuesday discussed...

Fertilizer importers seek payment of Rs 5 billion DAP subsidy

PAR Jan 17, 2017 0

Fertilizer importers have approached the Prime Minister for immediate payment of pending DAP subsidy claims of over Rs 5 billion to continue the schem...

Export of Sugar Office Memorandum

PAR Jan 10, 2017 0

The undersigned is directed to refer to the subject noted above and to state that the Economic Coordination Committee (ECC) of the Cabinet in Case No....

Government decides to revamp ZTBL

PAR Jan 9, 2017 0

The government has decided to revamp Zari Taraqiati Bank Limited (ZTBL) after issues pertaining to its financial viability and sustainability were rai...

PCMEA concerned over dollar conversion rate

PAR Jan 7, 2017 0

The Pakistan Carpet Manufacturers and Exporters Association has urged the Trade Development Authority of Pakistan (TDAP) Director General to take up t...

CAPTA says government cash incentives to hurt genuine exporters

PAR Jan 5, 2017 0

The country's value-added textile sector has rejected the government's consideration of custom rebate and cash subsidies, fearing the move would furth...