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

Oil prices rise as Arab states cut ties with Qatar

Oil prices rise as Arab states cut ties with Qatar
Pakistan Oil Prices News NEW YORK: Oil rose on Monday after top crude exporter Saudi Arabia and other Arab states cut ties with Qatar, driving up prices on concerns over increased tension in the Middle East. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain closed transport links with top liquefied natural gas (LNG) and condensate shipper Qatar, accusing it... Read More

Proposed tax measures to help achieve higher economic growth: Dar

Proposed tax measures to help achieve higher economic growth: Dar
ISLAMABAD: Finance Minister Muhammad Ishaq Dar has expressed the confidence that the measures announced in the budget will enhance the welfare and prosperity of the general public. Presiding over a meeting in Islamabad on Friday, he said that the tax measures proposed in the budget for the next fiscal year will enable Pakistan to achieve higher, sustainable and inclusive economic... Read More

SECP registered record 926 companies in a month in May

SECP registered record 926 companies in a month in May
ISLAMABAD:  The Securities and Exchange Commission of Pakistan (SECP) registered the highest number of 926 new companies, in May, so far. This is an increase of 44 percent as compared to same month of preceding year. During the first eleven months of current fiscal year (2016-17) SECP registered 7,688 new companies. As compared to the corresponding period last year, it... Read More

Second phase of 660MW Sahiwal coal power project becomes operational

Second phase of 660MW Sahiwal coal power project becomes operational
SAHIWAL: The second unit of the Sahiwal Coal Power Project has become operational on Friday with full capacity of 660 megawatts, Business92 reported. “The project has started running on its full capacity (660 megawatts) during trial run and countdown for 168-hour testing has now begun,” CM Punjab Shehbaz Sharif tweeted. He said that with the commencement of second power unit, the Sahiwal... Read More

LSM registers impressive 5.1 percent growth in 9 months

LSM registers impressive 5.1 percent growth in 9 months
ISLAMABAD: Large Scale Manufacturing (LSM) in the country has witnessed an impressive 5.1 percent growth during first three quarters of current fiscal year as compared to 4.6 percent in same period last year. The Year on Year, LSM recorded significant growth of 10.5 percent in March 2017 as compared to 7.6 percent of March 2016. Official statistics showed that manufacturing... Read More
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