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Industry

  • Remittances Record Above $2 Billion Inflows in August 2020

    Remittances from overseas Pakistanis in August 2020 show a slight fall from July 2020 figures but continue to remain over $2 billion for the third month in a row. According to the State Bank of Pakistan (SBP), remittances reached $2.095 billion in August 2020, which is approximately 1.25 times, or 24.4 percent, higher than the…

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  • SBP Issues Rules of Investment for Naya Pakistan Certificates

    The State Bank of Pakistan (SBP) has notified the Rules for Investment in ‘Naya Pakistan Certificates’ that are issued by the government to attract investments from overseas Pakistanis to boost foreign exchange reserves of the country. SBP stated that the eligible individuals will place the order to subscribe to the certificates electronically by visiting the…

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  • Pakistan, Kyrgyzstan agree to increase mutual trade

    Pakistan and Kyrgyzstan have agreed to increase mutual trade and comprehensively upgrade bilateral cooperation in all fields including political, economic, regional connectivity and people to people contacts. The understanding was reached during a meeting between Foreign Minister Shah Mahmood Qureshi and his Kyrgyz Counterpart Chingiz Azamatovich Aidarbekov on the sidelines of Shanghai Cooperation Organization Council…

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  • PSX Gears Up for The Biggest Steel IPO in 5 Years

    Pakistan Stock Exchange is read for the third initial public offering (IPO) of the year. Agha Steel Industries Ltd. seeks to raise up to Rs. 5 billion ($30 million) via an initial public offering IPO in what will be the third IPO of 2020, as a construction boom in Pakistan helps boost demand for its…

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  • FBR uploads Income Tax Returns Forms for Tax Year-2020 on its website

    Federal Board of Revenue has uploaded the Income Tax Returns Forms for Tax Year-2020 on its website. This was announced by FBR’s spokesperson Syed Nadeem Hussain Rizvi in a news confrence in Islamabad today. He siad FBR has further simplified the Income Tax Returns for salaried class and small retailers. He said the small retailers…

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  • Pakistan to Ban Export of Potatoes for Rest of the Year

    The Ministry of National Food Security and Research (MNFSR) has proposed a complete ban on the export of Potatoes, starting immediately till December 31st, 2020. According to the details available with ProPakistani, the Ministry of Commerce has forwarded a summary to the Economic Coordination Committee (ECC) of the Cabinet for approval. The Prime Minister as…

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  • PSX Holds Ceremony to Mark Issuance & Listing of Pakistan Energy Sukuk II

    Pakistan Stock Exchange (PSX) held a gong ceremony today to mark the successful book building and listing of Power Holding Limited’s (PHL’s) Rs. 200 billion Pakistan Energy Sukuk II (PES II). The book-building process managed by Pakistan Stock Exchange, was a landmark event which concluded on May 19, 2020. The listing of the Sukuk took…

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Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

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