CPEC declared as one of the best performing projects of Belt and Road

CPEC declared as one of the best performing projects of Belt and Road
ISLAMABAD: Deputy Chief of Mission at Chinese Embassy in Pakistan Zhao Lijian says China Pakistan Economic Corridor (CPEC) project is one of the best performing project of his country’s Belt and Road Initiative. He was speaking at a conference on ‘Belt and Road Initiative and CPEC’ in Islamabad on Tuesday. Lijian said the multi-billion dollar CPEC project, which is being... Read More

Pakistan to achieve 6 percent GDP due to investment in CPEC: IMF

Pakistan to achieve 6 percent GDP due to investment in CPEC: IMF
ISLAMABAD: The International Monetary Fund (IMF) has termed Pakistan’s economic outlook as “favorable” with improved availability of energy, and growth-supporting structural reforms. According to latest report released by IMF, confidence of investors in Pakistan is growing as its economy has stabilized after completing a bailout program. It cited Chinese infrastructure investments as one of the reasons for economic development. The... Read More

Finance Minister reviews matters related to tax collection

Finance Minister reviews matters related to tax collection
ISLAMABAD: Finance Minister Muhammad Ishaq Dar says prudent policies of the present government has resulted in 60 percent growth in tax revenue collection during the last four years. Presiding over a meeting in Islamabad today to review the matters related to tax collection, he urged the Federal Board of Revenue (FBR) to take all necessary measures to meet the argent... Read More

Dar invites Saudi investors to invest in Pakistan

Dar invites Saudi investors to invest in Pakistan
ISLAMABAD: Finance Minister Ishaq Dar has invited Saudi investors to take advantage from opportunities and incentives being provided by Pakistan to foreign investors. He was talking to Saudi Ambassador designate to Pakistan, Commodore Nawaf Saeed Ahmed Al-Malkiy, who called on him in Islamabad on Saturday. During the meeting, matters pertaining to bilateral relations and cooperation in different fields came under... Read More

ADB to finance $300 million in sustainable energy sector reforms program

ADB to finance $300 million in sustainable energy sector reforms program
ISLAMABAD: Asian Development Bank (ADB) will provide $300 million dollars to Pakistan for financing of Sustainable Energy Sector Reforms program. An agreement to this effect was signed by Secretary Economic Affairs Division Tariq Pasha and ADB`s Country Director Xiaohang Yang in Islamabad on Friday. Finance Minister Ishaq Dar also witnessed the signing ceremony. Under the agreement, the Bank will assist... Read More

Balochistan far flung areas to get 3G services

Balochistan far flung areas to get 3G services
ISLAMABAD: Finance Minister Ishaq Dar says PML-N government is leading Pakistan to the path of development according to its charter. He was addressing a contract signing ceremony between Ministry of Information Technology and private mobile companies for the provision of 3G services in Dera Bugti, Kharan and Washuk districts of Balochistan and establishment of National Incubation Centers at Karachi, Lahore... Read More

Pakistan trade deficit hits record $30 billion

Pakistan trade deficit hits record $30 billion
KARACHI: Pakistan’s trade deficit has ballooned to $30 billion, for the first time in the history of the country, as the exports declined and imports increased. The trade deficit, gap between exports and imports, increased by 42.12 percent and reached $30 billion during July-May period of FY2016-17 from $21.11 billion of the corresponding period of the last year. It was... Read More
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