01162017Mon
Last update: Mon, 16 Jan 2017 05pm

Business and Economy: Pakistan

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Former Advisor to Prime Minister on Finance Dr Hafeez Pasha stated that Pakistan would require $15 billion during the current and next fiscal year to meet our foreign debt obligations.
Prime Minister Nawaz Sharif is scheduled to reach Davos, Switzerland on Monday for five-day visit where he would participate in the World Economic Forum''s (WEF) Annual Meeting. Prime Minister Nawaz Sharif will participate in the World Economic Forum (WEF)''s Annual Meeting at Davos, Switzerland, on the invitation of WEF''s Executive Chairman, Professor Klaus Schwab. The annual meeting will be held from 17-20 January 2017.
The 20th meeting of the Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) would be briefed by Minister for Planning, Development & Reforms, Ahsan Iqbal on Monday (today).
The Pakistan Britain Business Council (PBBC), in partnership with the Scottish Government, the Scottish Development International and the Consulate of Pakistan in Glasgow, will host "Doing Business in Pakistan" conference in Glasgow on January 18.
Chief Executive Officer (CEO) Engineering Development Board (EDB), Tariq Ejaz Chaudhary has reportedly sought "help" from Minister for Industries and Production, Ghulam Murtaza Jatoi for extension in his tenure, well informed sources told Business Recorder.
Federal Minister for Planning, Development and Reforms professor Ahsan Iqbal said on Saturday that Pakistan is being taken as new emerging economy of the world. China Pakistan Economic Corridor (CPEC) is gateway to progress in which big economies are interested to be part of it.
The government has released Rs 292.31 billion (36.5 per cent), including Rs 69.88 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budget allocation of Rs 800 billion.