Minister invites hi-tech investment in CPEC-II | The Express Tribune

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal visited Chengdu city in Sichuan, China, and had a comprehensive tour of the Chengdu High Tech Development Zone (CDHT). According to a press release issued by the Planning Commission on Saturday, the minister also met with Chengdu-based entrepreneurs, businessmen interested in becoming part of […]

PSX cheers IMF loan, UAE investment | The Express Tribune

KARACHI: Pakistan Stock Exchange (PSX) enjoyed a bullish week and ended at a record high just short of 76,000 points as investor interest was bolstered by several positive triggers including loan talks with the International Monetary Fund (IMF), pre-budget speculation and assurances of massive investments by the United Arab Emirates (UAE). The market’s bull-run was […]

Rupee rallies on talk of foreign investment | The Express Tribune

KARACHI: The Pakistani currency strengthened by Rs0.09, closing at a nearly one-week high of Rs278.21 against the US dollar in the inter-bank market. This uptrend continued for the second consecutive day, buoyed by reports of progress in talks aimed at attracting multibillion-dollar foreign investments from friendly countries. The State Bank of Pakistan (SBP) reported that […]

UAE allocates $10bn for investment in Pakistan

Prime Minister Shehbaz Sharif and President of UAE Sheikh Mohamed bin Zayed Al Nahyan meet in Abu Dhabi on May 23, 2024. — PID DUBAI: In an encouraging development, the United Arab Emirates (UAE) has allocated $10 billion for investment in Pakistan, the Prime Minister’s Office said Thursday. The development came after Prime Minister Shehbaz Sharif’s […]

Investment plummets to 50-year low | The Express Tribune

ISLAMABAD: Pakistan’s investment ratio has plunged to its lowest level in 50 years, falling to just 13.1% of the size of the economy in the outgoing fiscal year, despite efforts by the Special Investment Facilitation Council (SIFC), according to figures approved by the National Accounts Committee (NAC). This half-century low investment-to-Gross Domestic Product (GDP) ratio […]

Poland urges Pakistan to protect foreign investment | The Express Tribune

ISLAMABAD: Poland’s Ambassador Maciej Pisarkski on Thursday urged Pakistan to take immediate steps for making the life of foreign investors easier, who are badly suffering because of delay in payment of their dues and difficulties in keeping their machinery functioning. The ambassador made the remarks at a time when Pakistani authorities were trying to bring […]

Saudi trade delegation arrives in Pakistan to discuss investment

Saudi delegation being receieved by Pakistani authorities in Islamabad in this still taken from a video. — GeoNews/YouTube ISLAMABAD: A high-level delegation comprising various Saudi investors landed in Islamabad on Sunday to hold talks on trade and investment in Pakistan, as directed by Crown Prince Mohammed Bin Salman.  Federal Minister for Petroleum Musadik Malik and […]

Pakistan welcomes $20b investment in Uzbekistan | The Express Tribune

TASHKENT: The business communities of Pakistan and Uzbekistan welcomed Saudi Arabia’s $20 billion investment in Uzbekistan’s energy sector on Saturday. Speaking to APP during the Tashkent International Investment Forum (TIIF), Chairman of the Chamber of Commerce and Industry of Uzbekistan, Vakhabov Davron Abdujalolovich, highlighted that at the opening ceremony on May 2, Saudi Arabia’s Minister […]

REIT fund seeks Rs403m investment via IPO | The Express Tribune

KARACHI: TPL Real Estate Investment Trust (REIT) Fund-I is scheduled to offer a minimum of 1.25% (22.94 million) units at Rs17.59 per unit to the general public with the aim of raising Rs403 million in the ongoing week at the Pakistan Stock Exchange (PSX). Fund runners may opt for selling an additional 1.22% (22.39 million) […]

Investment in garment city a waste | The Express Tribune

ISLAMABAD: Economic managers have observed that government’s investment in Lahore Garment City Company (LGCC) is a waste of money and therefore it should refrain from running businesses. During discussions at a recent meeting, the Economic Coordination Committee (ECC) noted that substantial government money had been spent on the LGCC project with a view to enhancing […]

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