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KARACHI / ISLAMABAD:  The economic partnership between Pakistan and Germany has shown positive trends in recent years, however, it needs to be strengthened further, said Board of Investment (BOI) Chairman Haroon Sharif. Sharif was addressing the Pakistan-Germany Investment Forum, organised by the BOI and attended by a German delegation from the...
A Saudi Consortium has reached Islamabad with an offer to establish five desalination projects in Pakistan with an investment of $ 2 billion in five years, well informed sources in Board of Investment (BoI) told Business Recorder. Commercial Counselor Jeddah, sources said, liaised with M/s Muhammad Nazir Chaudhry Chemical Products (MNCP)...
ISLAMABAD:  Tellhow Group of Nanchang, China has executed a number of projects in Pakistan including more than 20 small hydroelectric power projects, a heavy oil-power station in Karachi, two nuclear power units and is now participating in designing a smart city in Gwadar. This was stated by Nanchang People’s Government of...
(Riyadh - October 23, 2018) Prime Minister’s visit to Saudi Arabia results in significant understandings between Pakistan and Saudi Arabia At the invitation of the Custodian of the Two Holy Mosques, His Majesty, King Salman bin Abdulaziz, the Prime Minister of the Islamic Republic of Pakistan, Mr. Imran Khan visited...
KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Sindh is the land of opportunities and the provincial government has created one-window facility for inves­tors at Public Private Partnership Unit. This he said while addressing the inaugural session of the German investors conference titled ‘Made in Pakistan with...
KARACHI:  The Overseas Investors Chamber of Commerce and Industry (OICCI) believes that with a massive population combined with rising demand and the country’s strategic and geographic importance, Pakistan is likely to be the last ‘hidden jewel’ for investors. Despite a lacklustre economic activity during the past one year, the OICCI said...
BEIJING:  Gwadar Port Authority Chairman Dostain Khan Jamaldini has said that at least 30 companies in different businesses such as hospitality, banking, logistics and fish processing have entered the free economic zone in the port city with direct investment of about $474 million. “The first phase of Gwadar free zone has...
ISLAMABAD:  The federal cabinet on Thursday gave the green signal to Saudi Arabia to set up an oil refinery in deep-water port of Gwadar, marking the first major investment by the gulf country in Pakistan under the new government. “The cabinet has approved the draft of memorandum of understanding (MoU) Pakistan...
KARACHI: China Machinery Engineering Corporation (CMEC) has acquired a 10% stake by investing $3.9 million in Hub Power Company’s (Hubco) subsidiary Thar Energy Limited (TEL) – one of the first domestic coal-fired power projects at Thar coal block-II. With majority shareholding of about 60% in the project, Hubco has established TEL...
ISLAMABAD:  Pakistan is likely to offer Riyadh stakes in Reko Diq mines and LNG-fired power plants in return for oil on deferred payment and cash assistance, setting the pitch for a new strategic partnership with Saudi Arabia. According to sources in the commerce ministry, Pakistan is open to Saudi Arabian investment...

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Economy

Daronomics and its aftershocks

The former Finance Minister Ishaq Dar has finally come out to share his side of the story on what went wrong with the economy....