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Tuesday, January 28, 2020
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ISLAMABAD: Poland is interested in further enhancing bilateral trade with Pakistan as the two countries have good potential to trade many goods with each other, said Poland Ambassador to Pakistan Piotr A Opalinski. Speaking to the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI), Opalinski...
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved a set amended rules and incentives to assure prospective foreign investors tapping its upstream petroleum sector of generating higher profits and less hassle in doing investment. The ECC also approved a proposal by the commerce division for declaration...
KARACHI: Engro Polymer and Chemicals Limited will invest $22 million in a new chemical production line along with an upgrade of its existing PVC plant. “The board of directors of Engro Polymer and Chemicals, in its meeting held on November 26, 2019, has approved the capital expenditure of approximately $22 million,”...
LAHORE: The Service Industries Limited and Chaoyang Long March Tyre Company on Monday signed a joined venture worth $250 million to produce all steel radial truck and bus tyres, with likely $100 million exports in the first year of production. The ceremony was witnessed by visibly elated Commerce and Trade...
KARACHI: The foreign direct investment (FDI) in the first four months of current fiscal year jumped by 238 per cent to $650 million from $192m during the same period last fiscal year, reported the State Bank of Pakistan (SBP) on Monday. The government is struggling to increase foreign investment in...
ISLAMABAD: Leader of a Chinese delegation Zhu Maa has shown interest in investing in Halal meat industry in Pakistan and exporting it to China and Middle Eastern countries. Mr Zhu said this during a meeting with Minister for States & Frontier Regions and Narcotics Control Shehryar Khan Afridi. According to a...
KARACHI: Pakistan has been largely off the radar screen for direct investors for quite a long time despite improvement in some economic indicators in the recent past, a highly liberal trade and investment regime and a large market. “What explains this persistent underinvestment – both domestic and foreign – in Pakistan...
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...

Opinion

month revenue payment targets

Missed Targets

The tax collection numbers from the last six months are in, and they make for a dismal reading. The government has missed all of...