Tag: Investment
Sindh sets up new investment fund
The Sindh government, in the fiscal budget 2011-12, has formulated a financial strategy for clearing its long-term liabilities, aggregating to over Rs561 billion on...
Pakistan is a hard sell for its investment chief
Saleem Mandviwalla has one of the toughest jobs in Pakistan. The investment board chairman is charged with persuading foreign companies to pump money into...
Ashraf appointed PAÏR Investment Managing Director
The Finance Ministry has appointed Syed Iqbal Ashraf, SEVP and Group Chief of National Bank of Pakistan, as the Managing Director / Chief Executive...
WAIPA CEO zeroes in on investment at PBIT
Punjab Board of Investment and Trade (PBIT) hosted Carlos Bronzatto, Chief Executive of Geneva-based World Association of Investment Promotion Agencies (WAIPA) at the first...
investment options for China
The debt-stricken country’s total debts and liabilities during July-March FY11 have swelled to Rs 11.239 trillion, a figure that account for over Rs 1...
Security concerns shrink foreign investment by $7.11b
The current temporary improvement in the country’s external accounts, whereas, appears to have brought enough comfort for economic managers for the time being, the...
Al Meezan announces funds result
The meetings of the Boards of Directors of Al Meezan Mutual Fund Limited (AMMF) and Al Meezan Investment Management Ltd., Investment Advisor of Meezan...
Hafeez Shaikh confident of fresh energy investment
WASHINGTON - Finance Minister Dr Abdul Hafeez Shaikh expressed confidence of new foreign investment flowing into Pakistan's energy sector as he wrapped up four days of meetings with leaders of international financial institutions, his counterparts and US officials. "I think our message about vast business opportunities in Pakistan, the government's liberal investment regime and policy to facilitate the private sector has been well received," he told those at a press conference.
No chance of PR’s revival without heavy investment, NA told
ISLAMABAD - The government on Wednesday admitted that there was no short cut to improve the performance of the Pakistan Railways and any improvement could only be achieved once a heavy investment was made for purchasing new locomotives. Railways Parliamentary Secretary Nauman Islam Shaikh said while replying to a question of PML-N MNA Nisar Tanveer during the NA question-hour session that since 1973, Pakistan last purchased locomotives in 2002. "Since then, no investment has been made
Bottlenecks thwarting Chinese investment in hydel power
ISLAMABAD - The state-owned China Three Gorges Project Corporation (CTGPC) has shown willingness to invest in four large hydropower power projects in Pakistan - Bhasha, Bunji, Kohala and Karot - provided the government removes legal bottlenecks in the award of contracts.
An official source said the demand was made by the head of a 10-member Chinese delegation, China Three Gorges Project Corporation (CTGPC) Chairman Cao Guangjing, during a meeting with the Minister for Water and
An official source said the demand was made by the head of a 10-member Chinese delegation, China Three Gorges Project Corporation (CTGPC) Chairman Cao Guangjing, during a meeting with the Minister for Water and
Pakistan participates in investment conference
ISLAMABAD - A two-member Pakistan delegation led by Ministry of Privatisation Federal Secretary Muhammad Ejaz Chaudhary, participated in the week-long 14th Asian Investment Conference (AIC) at Hong Kong. The delegation briefed delegates on the state of the economy of Pakistan and the Public Private Partnership Programme in the area of privatisation and the government's plans to address the challenges being faced by the country, including in the area of infrastructure and the role of
SECP registers 23 foreign firms conducting investment
KARACHI - The Securities and Exchange Commission of Pakistan registered 23 companies conducting foreign investment in February. In addition, one foreign company was also registered during the month.
Out of the 23 companies, six were from China, five from the US, two from South Korea and the remaining one each from Turkey, Sweden, Malaysia, the UK, Denmark, Romania, the UAE, Afghanistan, Iran and Canada. Seven companies were registered in Islamabad, three in Lahore, 11 in Karachi
Out of the 23 companies, six were from China, five from the US, two from South Korea and the remaining one each from Turkey, Sweden, Malaysia, the UK, Denmark, Romania, the UAE, Afghanistan, Iran and Canada. Seven companies were registered in Islamabad, three in Lahore, 11 in Karachi
Railways bid to lure private sector investment
KARACHI - Pakistan Railways (PR) is tirelessly working to lure private sector investment to address its idle capacity and under utility, said Railways General Manager Ashfaque Khattak. Talking to APP on Thursday after a seminar organised in collaboration with Infrastructure Project Development Facility (IPDF), Khattak said that the primary purpose was to boost public-private partnership. He said that Railways was suffering from a financial deficit of Rs 26 billion, however, it could
SC wants foreign investment, but subject to local laws
ISLAMABAD - Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry said on Wednesday that the Supreme Court neither wanted to block any foreign investment nor was it against it in any way, however, it wanted foreign investment to be subject to local laws.
A three-member bench comprising the CJ, Justice Muhammad Sair Ali and Justice Ghulam Rabbani was hearing a case against the leasing of Reko Diq gold and copper mines in Balochistan - worth over $260 billion - against the
A three-member bench comprising the CJ, Justice Muhammad Sair Ali and Justice Ghulam Rabbani was hearing a case against the leasing of Reko Diq gold and copper mines in Balochistan - worth over $260 billion - against the
‘Investment needed to escape disasters’
ISLAMABAD - Pakistan could face massive losses in terms of lives and livelihoods in future if investments in evolving a mechanism to mitigate disaster risks were not made, United Nations Secretary General for Disaster Risk Reduction Special Representative Margareta Wahlstrom said on Tuesday.
She said this while addressing a press conference and added that Pakistan was at continued risk of disasters, either man-made or triggered by natural hazards. The damage caused by the recent
She said this while addressing a press conference and added that Pakistan was at continued risk of disasters, either man-made or triggered by natural hazards. The damage caused by the recent
Shahbaz highlights investment avenues in Punjab
LAHORE - The Punjab Chief Minister Shahbaz Sharif has said that vast investment opportunities in livestock, dairy farming and energy sectors are available in Punjab. He added that the Punjab government wanted to learn expertise of Denmark in order to improve various sectors. Joint ventures, beneficial for both countries, can be launched in dairy farming and energy for this purpose.
He was talking to Ambassador of Denmark in Pakistan Uffe Wolffhechel, who called on him here
He was talking to Ambassador of Denmark in Pakistan Uffe Wolffhechel, who called on him here
Pakistan’s July-Jan foreign investment rises 44.3pc
KARACHI - Net foreign investment in Pakistan rose 44.3 percent to $1.18 billion in the first seven months of the fiscal year 2010/11, because of an increase in foreign portfolio investment, the central bank said on Thursday. This compared with net foreign investment worth $818.9 million in the same period last year.
Out of the total foreign investment, foreign direct investment fell 16 percent in the July and January period to $947 million, from $1.13 billion in the same period
Out of the total foreign investment, foreign direct investment fell 16 percent in the July and January period to $947 million, from $1.13 billion in the same period
