Tag: Investment

Five state-owned entities to be offered to China for investment

ISLAMABAD: Pakistan will open up five mega state owned industrial entities for Chinese investment either as equity or joint venture partners at the Pak China Business Cooperation Summit on December 18.
According to official sources, the government has decided to offer the Heavy Mechanical Complex, Heavy Electrical Complex, Pakistan Machine Tool Factory, Pakistan Engineering Company and Tools, Dies and Moulds Centres Karachi and Gujranwala to Chinese state owned and private sector

Investment conference likely to result in 10 MoUs

LAHORE: The Pakistan Business and Investment conference, comprising of over 140 delegates from Pakistan, is being held in Dubai on December 13. The delegates would meet a similar number of UAE based investors and traders for matchmaking and finalising agreements of mutual interest.
The Punjab Board of Investment and Trade (PBIT) Chief Executive Officer Saadat Muzaffar, while providing details in this regard, informed that the Punjab Chief Minister Shahbaz Sharif is leading a CEO

Swiss ambassador seeks investment opportunities

LAHORE: Swiss Ambassador Christoph Bubb and Consul General Didier Boschung visited the Overseas Investors Chamber of Commerce & Industry (OICCI) to familiarise himself with the business environment in the country and to obtain the ground realities of operating in Pakistan from the business community's perspective.
The prime objective of the Swiss delegates' visit to OICCI was to identify avenues for bilateral collaboration with Pakistan including identification of sunrise

SBP widens investment base for govt marketable securities

KARACHI: The State Bank of Pakistan (SBP) has made it mandatory for primary dealers to offer Investor Portfolio Securities (IPS) accounts to investors in a bid to encourage more investment in the faltering economy.
In addition, the central bank has instructed scheduled banks to tap alternate investor bases, including individual investors and shifting focus away from banks.
According to SBP, the move would widen the investment base by promote investment by the non-banking

Western investment declines by 46 percent

KARACHI: While the strategic allies of Pakistan, particularly the United States, push Islamabad to do more in the "war on terror"; they are lagging far behind their counterparts from the developing world in their commitment to Pakistan, particularly in terms of investment.
The State Bank of Pakistan's statistics on "Inflow of Foreign Investment in Pakistan by Geographical Origin" reveals that during July-October of FY2010-11, net foreign investment had dipped to $569 million

Haqqani encourages US investment in Thar coal

HOUSTON: Pakistan offers tremendous opportunities for American investors in energy sector and foreign companies can greatly benefit from business-friendly environment, geared towards meeting the country's fast-growing energy requirements, Islamabad's envoy to the United States Husain Haqqani stated.
Ambassador Husain Haqqani told participants of a conference, focusing on the extraction of Thar coal and Pakistan's energy potential, that there are lucrative business prospects in

A flurry of positive news stimulates investment in KSE

KARACHI: The Karachi Stock Exchange underwent a gradual rise in traded shares as a flurry of positive news this week stimulated investor participation. The traded shares increased from an 81 million on Monday to 195 million on Friday.
The activity had been dull initially, but the much awaited resolution of the turnover tax issue (lowered to 0.5 percent again), word of an oil discovery and a hike in oil prices acted as a catalyst, especially for the energy scrips.
The index

FIPP to attract over $5b investment a year

KARACHI: The federal government is poised to launch its first Foreign Investment Promotion Policy (FIPP) and aims to maintain the level of inflow of foreign investments above $5 billion annually, by offering fresh incentives to investors.
According to the draft of the FIPP, made available to Pakistan Today, the federal government had almost completed the process of consultation with both provincial governments and private sector stakeholders. It is hoped that the policy will be

Decline in foreign investment amid crisis

KARACHI: Pakistan suffered a decline in the inflow of foreign direct investment in the first quarter of 2010-11, as 24 major manufacturing sectors received considerably less foreign investment in comparison to the quantum of investment received in the corresponding period of last fiscal year.
Among the sufferers were sectors including food, food packaging, beverages, tobacco, paper, leather, leather products, chemicals, petroleum refining, pharmaceuticals, ceramics, metal