ISLAMABAD - Elsewedy Electric Pakistan Managing Director Sherif Abo Elhassan, a leading Egyptian electric company, called on MOS/Chairman Board of Investment Atif Bokhari and Secretary BOI Fareena Mazhar to discuss sector based investment opportunities in Pakistan.
Elsewedy Electric recently acquired 100 per cent equity stake in Validus Engineering Pakistan, previously owned by Siemens. The takeover will bolster company growth via introduction of power transformer technology that enhances the production capacity to support regional export. Additionally, Elsewedy is also a potential bidder for acquisition of Heavy Electric Complex (HEC).
ISLAMABAD: Chinese investment in Pakistan tops with dollar 402.8 million during seven months of the current fiscal year.
According to a report published by Gwadar Pro, China’s vote of confidence in Pakistan’s economy deepens after China stays atop as the sole highest contributor of net foreign direct investment (FDI) when compared to other countries in Pakistan.
The net FDI inflow from China remains at dollar 402.8million which is touted highest in the list of inflows from other countries.
Foreign investors return to Pakistan Investment Bonds with $240m
KARACHI: Pakistan Investment Bonds (PIBs) attracted highest foreign investment of over $100 million in March alone, reflecting rising attraction for foreign investors keen to profit from returns up to 10 per cent.
The latest data issued by the State Bank of Pakistan on Wednesday showed that the foreign investors invested $240.69m in the PIBs during July-March FY21.
ISLAMABAD: Pakistan for the first time has become one of the five countries in the world with the most investment in the first half of 2020, a World Bank report said. "Pakistan had the fourth highest investment commitments, a new entrant to the top five countries this year with $1.9 billion of investment commitments, accounting for 0.69 per cent of GDP," the Private Participation in Infrastructure (PPI) 2020 Half Yearly Report said. The report termed the current year’s Private Participation in Infrastructure as unprecedented because of COVID-19, which has brought many sectors, including infrastructure, to a near standstill.
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.