Tag: Invest

Human population is set to hit seven billion by the end of 2011. As we approach this immense milestone, it is important to understand...

After Turkish and Chinese companies, a Norwegian company NBT has expressed interest in investing $1 billion to set up a 500 megawatt wind power...

Forget the panic room or the nuclear shelter, this season’s must-have fad in a Hollywood home is the ‘snoratorium’. Stars including Tom Cruise are...

Malaysia would invest in Pakistan to the tune of $1.5 billion by next year; this was stated by the Consul General of Malaysia Khalid...

The declining trend in international equity markets and the rising tension with the biggest donor did not allow the local bourse to gain positive...

National Investment Trust (NIT), Pakistan’s largest asset management company, will open its third branch in Lahore. Former LCCI President and senior member of the...

Fauji Fertiliser Bin Qasim (FFBL) is planning to invest in two wind power projects with capacities of 50MW each. The project is being undertaken...

A Chinese company, Kingho Group, has declared its intent to invest in the Thar coal power project. An official statement indicated that a 14-member...

Prime Minister Syed Yusuf Raza Gilani has said that the Government has formulated policies to provide all facilities to local as well as foreign...

KARACHI - A Chinese state-owned corporation has expressed willingness to invest in the Thar coal project and other power projects in the province. China Godian Group Chairperson Renaiquin shared these views during her meeting with Sindh Chief Minister Syed Qaim Ali Shah at the Chief Minister's House on Wednesday, where provincial government officials briefed her about Thar coalfield. She is leading a seven-member Chinese delegation currently on a visit to the country. According to an

WASHINGTON - Saudi Arabia is interested in investing in Pakistan's energy and agriculture sectors, Finance Minister Abdul Hafeez Shaikh said after meeting his counterpart from the oil-rich country.
Dr Shaikh and Saudi Finance Minister Dr Ibrahim Bin Abdulaziz Al-Assaf discussed investment opportunities that Pakistan holds out for Saudi businesses at a meeting on the occasion of semi-annual IMF-World Bank gathering.
"We have very close and longstanding relationship with Saudi

LAHORE - The former Federal Finance Minister Senator Ishaq Dar has said that fairs and exhibitions are pivotal to identify the untapped potential of key sectors and to introduce Pakistani merchandise in the world market.
The senator was speaking at the LCCI Investment Conference at Expo Centre. LCCI President Shahzad Ali Malik, Senior Vice President Sheikh Mohammad Arshad, Vice President Sohail Azhar, SAARC Vice President Iftikhar Ali Malik, former WAPDA Chairman Tariq Hameed,

KARACHI - China Three Gorges Corp, the country's largest hydropower developer, is ready to invest $15 billion in Pakistan's troubled energy sector to add 10,000 megawatts to its grid in 10 years, a senior company official said on Thursday.
Pakistan faced a power shortfall that peaked at between 4,000 and 5,000MW during the 2010 summer, sparking street protests and adding to the government's problems. The power crisis has crippled industry, and frequent power outages last up to

SEOUL - A unit of South Korea's Lotte Group plans to spend $400 million to expand its petrochemical plant in Pakistan in the second half of this year at the earliest, a media report said on Friday. Under the investment plan, KP Chemical Corp will increase annual production of purified terephthalic acid (PTA) at its Karachi factory to 1.5 million tonnes, from the current 500,000 tonnes, Maeil Business Newspaper said, citing a high-ranking official at Lotte Group.

TOKYO - President Asif Ali Zardari has invited a number of Japan's leading auto manufacturers to invest in Pakistan as automobile sector in the country is flourishing with the passage of time. Presidents and chief executive officers of different automobile and auto-parts companies, including Toyota Tshusho, Mitsubishi Corporation and Yamaha Motors, called on the President Zardari here on Wednesday.
Speaking to the representatives of different automobile companies, President

LAHORE - A large number of UK businessmen are keen to invest in Pakistan through joint ventures. However, in the past, Pakistan's inability to establish its brands in the world market could not allow for investment. "Pakistani businessmen and the government should concentrate on establishing a branding culture in Pakistan by focusing more on quality instead of quantity. The branding culture is key to economic turnaround."
These views were expressed by UK business tycoon James

ISLAMABAD - Economic experts have termed the detachment of Tethyan Copper Company from exploring of gold and copper from Recko Diq mineral project as very harmful for country's economy, adding that no other company will invest in Pakistan in prevailing law and order situation if the company is prevented from exploring the minerals.
Reacting over this important issue, the experts said that the economic situation is worst in the country, adding that Federal Board of Revenue clearly