Home

Facebook partners with Nayatel for first ever investment in Pakistan

Prime Minister Imran Khan’s efforts to attract foreign investment have started yielded results as tech giant Facebook has announced its first-ever investment in Pakistan.

The American firm has partnered with Nayatel to invest in fiber broadband to improve and expand connectivity in the country.

High-speed, reliable, and affordable broadband has become a basic household necessity as the coronavirus pandemic continues to affect millions across the globe.

Pakistan among top five countries with most investment in 2020

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.

Chinese investment in Pakistan tops with $402.8m in 7 months

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.