BRI & changing geopolitics | By Dr Mehmood Ul Hassan Khan
BRI & CHANGING GEOPOLITICS
GEO-economy has become the “mantra” of every government in the world. Now Chinese “shared prosperity” and the US & West “hegemonic concepts” are competing to sway the hearts and souls of the people.
BEIJING: As the China Pakistan Economic Corridor (CPEC), a flagship project under the China’s proposed Belt and Road Initiative (BRI), has created new opportunities for economic growth and stability via a number of projects that are in full swing across the South Asian country, many third-country investors are also showing interest in the project.
ISLAMABAD: Ericsson, global telecom giant,has invested US $31 million (Rs5.52 billion) foreign direct investment in Pakistan, says a press release issued on Saturday.
In a meeting with Federal Minister for IT & Telecom, Fadi Pharaon Head of Middle East & Africa Ericsson, Ekow Nelson Head of Customer Unit Etisalat & Pakistan & country Manager Pakistan Aamir Ahsan Khan mentioned that Ericsson is keen in regaining the radio foot print in the strategic market like Pakistan.
Envoy says Indonesian exporters can meet large chunk of Pakistan’s demand
ISLAMABAD:
The Indonesian coal industry is well refined and it can provide coal to Pakistan for power projects being developed under the China-Pakistan Economic Corridor (CPEC), said Indonesian Ambassador to Pakistan Adam M Tugio.
Peshawar - A total of 44 MoUs worth $8 billion have been signed for investment in Khyber Pakhtunkhwa at investment conference in Dubai on the sidelines of Dubai Expo 2020.
PAKISTAN has decided to offer a permanent residency scheme for wealthy foreign nationals, including Sikhs living in the US and Canada, to attract investments, it emerged on Saturday (15).
Information minister Fawad Chaudhry through an overnight tweet announced that the new scheme was in line with the new National Security Policy, which was formally launched by prime minister Imran Khan on Friday (14).
ISLAMABAD: Board of Investment (BoI) on Sunday clarified that it has also sent a letter to Sindh government seeking information of potential Chinese companies (that have approached the concerned Federal Ministries/ provincial departments in the recent past with a definite investment plan).
KARACHI: Foreign Direct Investment (FDI) increased 20 per cent year-on-year in the first half of 2021-22, reflecting an improvement in the investment environment.
In the first half of the current fiscal year, FDI amounted to $1.05 billion against the inflow of $879.7 million in the same period of 2020-21.
The inflow in December 2021 jumped 29pc year-on-year to $218.7m, data released by the State Bank of Pakistan (SBP) showed on Tuesday.
KARACHI: Special Assistant to the Prime Minister on China Pakistan Economic Corridor (CPEC) Affairs, Khalid Mansoor Thursday said that during the initial stage of the CPEC, power was too expensive because of the furnace oil cost, which could directly hit the country’s balance of payment position.
Minister of State and Chairman Board of Investment (BOI) Muhammad Azfar Ahsan on Thursday said that private sector is the engine of growth and successful businesses drive growth, create jobs and pay the taxes that finance services and investment