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RAWALPINDI: Egypt keen on investing $1b in Pakistan over the next one year in different sectors, mainly in energy, building, Pharmaceutical, Halal Food and Tourism. The bilateral trade has an increasing trend, $260 million as compared to last year’s $200 million. Both countries are enjoying good relations and there...
KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) member companies spent Rs5.5 billion during 2018-19 and directly benefited 5.8 million people across Pakistan as part of their corporate social responsibility (CSR) activities. As per 2018-19 CSR Report, which highlights the key social and community-related activities of foreign investors...
KARACHI: Investment in government papers, mainly dominated by the banking sector, set new record as it crossed Rs10 trillion-mark. The State Bank of Pakistan (SBP), in its latest report released on Monday showed that banks and non-banks including corporate sector investments in the government papers reached Rs10.3 trillion by the...
ISLAMABAD: Prime Minister Imran Khan has welcomed the interest shown by Egyptian companies in investing $1 billion in Pakistan, saying the government will fully facilitate Egyptian investors and entrepreneurs so that they could carry out profitable trade activities in the country. Talking to a delegation of Egyptian traders, the prime minister...
ISLAMABAD: The Netherlands Ambassador to Pakistan Wouter Plomp on Wednesday said that nine Dutch companies have shown interested for investment in Pakistan’s poultry and livestock sector. The ambassador said this in a meeting with the federal Minister for National Food Security & Research Mehboob Sultan here and added that we...
LAHORE:  Pakistan’s economy is in a state of flux and the country needs intense cash flows to support internal and external account deficits. With predictions for below 3% GDP growth this fiscal year, private sector investment seems to be the only hope to turn around the country’s present economic morass. But...
PESHAWAR:  The provincial government on Thursday claimed that it had helped bring in some Rs10.5 billion as an investment in the industrial sector of the province creating thousands of jobs. This was stated by Special Assistant to Khyber-Pakhtunkhwa (K-P) Chief Minister Abdul Karim on Thursday as he addressed a news conference...
ISLAMABAD:  US companies should explore the investment-friendly business environment in Pakistan for lucrative capital injection into the country, remarked Privatisation Minister Mohammadmian Soomro. The minister, who is currently on a visit to the United States, held meetings with some of the most reputable US companies interested in investing in Pakistan, according...
LAHORE:  China has always provided support and assistance for Pakistan’s economic and social development, said Federal Minister for Science and Technology Chaudhry Fawad Hussain. power Speaking at the inaugural ceremony of the seventh Pak-China Business Forum and Industrial Expo in Lahore on Monday, the minister highlighted that the China-Pakistan Economic Corridor (CPEC)...
KARACHI:  The investment environment in Sindh is turning conducive due to the steps taken by the army and Sindh government to restore law and order in the province, said Japan Consul General in Karachi Toshikazu Isomura. “I pay tribute to the army and civil administration for this accomplishment,” said the Japanese...

Opinion

TAXATION in tax banking collection

Taxation in trouble

The issue the government made the most noise about in tax collection has hit a snag. While claims about how much money had been...