KARACHI: The investment landscape in Pakistan is marred by a complex network of legal, transparency and bureaucratic challenges as well as weak democratic institutions.The mining lease for Reko Diq or the agreement with the independent power producers (IPPs) are just two examples that offer many valuable lessons. Attracting foreign investment is crucial for the … Read more
KARACHI: One of the biggest challenges policymakers in Pakistan face is to not only increase exports, which are at a meagre 10% of GDP, but also make the growth sustainable so that it mitigates the recurring balance of payments crisis the country experiences every few years.The private sector plays an important role in generating … Read more
BEIJING: The People’s Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum. Saudi Arabia, the world’s top oil exporter, and China, the world’s biggest energy … Read more
The Pakistan Stock Exchange (PSX) continued its upward trajectory on Friday, as the benchmark KSE-100 Index surged past the 59,000 points level for the first time ever. The index was boosted by improved economic indicators, the expected second tranche of the IMF loan, and the rising confidence of investors. As per the PSX website, … Read more
“We will add another 200,000 skilled people to existing IT workforce,” says IT Minister Dr Umar Saif Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has unveiled … Read more
LAHORE. The Federal Board of Revenue (FBR)’s Member (Customs), Zeba Hai Azhar has affirmed her commitment to resolving issues in the Export Facilitate Scheme (EFS) and streamlining customs procedures, aiming to facilitate exporters and enhance the focus on boosting exports. During an interactive session at the All Pakistan Textile Mills Association (APTMA) in Lahore … Read more
Pakistan and Kuwait are set to sign seven memorandums of understanding (MoUs) for investments worth $10 billion in various sectors, including environment, mining, information technology (IT) and food security. The MoUs will be signed during the upcoming visit of caretaker Prime Minister Anwaarul Haq Kakar to Kuwait, following the approval of the federal cabinet … Read more
ISLAMABAD: An international commodity supplier, the OQ Trading has submitted a lowest commercial offer of US$ 18.4600 per Million British Thermal Unit (MMBTU) for supply of a cargo of liquefied natural gas (LNG) in the month of January 2024. Pakistan LNG Limited (PLL), a state-owned company, which procures LNG from the international market, issued … Read more
KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13% … Read more
An investor looking at the benchmark KSE-100 in this undated picture. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Friday continued its upward trend as the benchmark KSE-100 index crossed the 59,000 barrier for the first time in its history. The benchmark index reached an intraday high of 59,502.28 points. However, it closed at 59,086.35 … Read more