KARACHI: Pakistan on Tuesday introduced a new framework to ease investment exit rules for venture capital firms and foreign direct investors, who dither investing in the country with disinvestment constraints.
The State Bank of Pakistan (SBP) introduced the new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders.
Omar Ayub highlights govt's policy initiatives to increase share of renewable power in country's total energy mix
ISLAMABAD: US-Pakistan Business Council (USPBC) on Friday hosted a virtual event titled “Explore Pakistan: A USPBC Virtual Series on Business Opportunities in Pakistan’s Energy Sector” to brief US business community
ISLAMABAD: National Assembly Speaker Asad Qaiser has invited European Union (EU) investors to invest in Pakistan to contribute to economic development of the country.
Talking to EU Ambassador in Pakistan Androulla Kaminara on Tuesday, the speaker of the National Assembly said that Pakistan has vast potential for investment in various sectors.
ISLAMABAD: Pakistan on Wednesday invited investments from the Netherlands in floriculture and food processing industries on the heels of Dutch investments in agriculture and livestock sectors in the south Asian country.
Minister for Food Security and Research Fakhar Imam said Pakistan and Netherlands can cooperate in the field of floriculture.
“Both countries can collaborate in fresh cut plants, flowers and bulbs,” Imam said during a meeting with the Ambassador of Netherland Woulter Plomp.
British Airways has today announced it will begin flying direct from Lahore, Pakistan to London Heathrow four days a week, commencing on 14 October 2020. Tickets are on sale now.
The ‘City of Gardens’, Lahore is known for its rich culture and will be the second city in Pakistan that British Airways will connect to London, US and Canada. The airline already flies every single day from Islamabad, connecting friends and family as well as business contacts.
The UK’s credit financing agency, UK Export Finance (UKEF) has increased its financing limit for UK businesses looking to export to and invest in Pakistan to £1.5 billion.
This announcement will boost trade partnerships between the two countries and unleash Pakistan’s growth potential. UKEF helps secure large contracts by providing attractive financing terms to buyers and supporting working capital loans.
TOKYO: Pak-Japan Business Council (PJBC) is keen to invest at least $100 million in industrial zones in Pakistan in line with the interest of Japanese government and private sector to strengthen bilateral economic cooperation, its top official said.
Rana Abid Hussain, president of PJBC told the News that the Japan-based nonprofit association would put the investment pan before Punjab Governor Chaudhry Sarwar who’s scheduled to visit Japan in the last week of this month.
ISLAMABAD: Prime Minister Imran Khan on Tuesday said the country’s Information Technology (IT) sector held tremendous potential for investment, revenue generation and economic development.
He emphasised that IT-solutions in government operations ensured transparency, speed of delivery and good-governance.
International Finance Corporation (IFC), the largest development organization working with the private sector in emerging markets, is working with Pakistan’s Board of Investment, BOI, in the push to attract investment and reduce the most immediate, short-term implications of COVID-19,
Moves are now underway to target investors to key sectors in Pakistan’s economy including auto and auto part manufacturing, food and beverages, information technology, logistics and textiles, as part of a bid to spur new jobs and help in the recovery post COVID-19.
Ambassador of Belgium Philippe Bronchain on Tuesday visited Islamabad Chamber of Commerce & Industry (ICCI). During his visit to ICCI, he was along with his Trade Commissioner Abid Husain.
Addressing the business community, the ambassador said that his country was interested in making investment in Pakistan as it was a potential country for business and investment activities.
He discussed various prospects for further enhancing bilateral trade, investment and JVs between Belgium and Pakistan. He said that he would play role to build a strong image of Pakistan in his country.
Abid Husain, Trade Commissioner, Embassy of Belgium said that Pakistan was mostly exporting textiles products and some raw materials to Belgium. However, he said that Pakistan needed to invest in technology for producing value added products that would increase its footprint in foreign markets. He said it would also help Pakistan to fully capitalize on the GSP Plus concession of EU in order to enhance its exports.