With the establishment of new industries in industrial zones in Punjab, the province will be on the path of prosperity and development, Chaudhry Khalid Mahmood.

 Sunday, November 17, 2024

Faisalabad (news international Newspaper Latest - APP. November 17, 2024) Chairman All Pakistan Cotton Power Looms Association (Registered) Chaudhry Khalid Mahmood Cheema has approved the establishment of new industrial zones in Sialkot and Rawalpindi and the expansion project of Quaid-e-Azam Business Park and Multan Industrial Estate. Welcoming the approval, he has said that the industrial sector will develop with the establishment of new industrial zones.

In a statement, he said that by providing the best facilities and facilities to the industrialists in these industrial estates, domestic industrialists as well as foreign investors will also invest in these industrial zones. The establishment of new industrial zones in the province for economic development. It will prove to be a game changer project and by establishing new industries in these industrial zones in the province and increasing foreign investment, the province will be on the path of prosperity and development.

He said that establishment of new industrial zone in Punjab, free land for foreign investors to set up industries, tax and machinery exemptions and solution of their problems in different departments under one roof and favorable environment for foreign investment in the province. The work is increasing. This will lead the province on the path of prosperity and development with new industries in the province and millions of employment opportunities in them.

He said that the industrial favorable policies of the present government will prove to be a step towards a prosperous Punjab and the vision of the industrial development of the government will also be fulfilled. He said that FBR's tax shortfall should be met through reforms in the tax system, the government's economic team should take long-term measures to reduce the revenue shortfall.

He said that thanks to the recent efforts of the government, the business environment has improved and the confidence of the business community has been restored and foreign and domestic investment has increased in the country. More people will join the tax net. He said that for the continuation of economic policies, the government should formulate policies in consultation with the business community.

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The remittances of Pakistanis working in the European Union increased by 27.1% on annual basis in the first 4 months of the financial year, State Bank said

Sunday, November 17, 2024

Islamabad (News International Newspaper Latest - APP. November 17, 2024) The remittances of Pakistanis working in the European Union recorded an annual increase of 27.1 percent in the first 4 months of the current financial year.

According to State Bank data, Pakistanis working in EU member countries sent 1.451 billion dollars in foreign exchange from July to October, which is 27.1% more than the same period of the previous financial year. Pakistanis sent 1.141 billion dollars in foreign exchange to the country.

The volume of remittances of Pakistanis working in the European Union was recorded at 359.1 million dollars in October, 365.5 million dollars in September and 297.6 million dollars in October of last year. It should be clear that in the first four months of the current fiscal year, the total volume of remittances of overseas Pakistanis was recorded at 11.848 billion dollars, which was recorded in the same period of the previous financial year. 8.794 billion It is 34.7 percent higher than the dollar.