Business & Economy
Monday, 29 April 2013 14:02
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BEIJING: Chinese corporates and SOEs (State Own Enterprises) are looking at prospects of making investment in infrastructure projects in Pakistan."We have signed a pact with the China International Capital Corporation (CICC) under which different areas of economy have been identified for investments as well as taking part in privatization and acquition of various public and private sectors entities" said Nasir Ali Shah Bukhari, Chairman KASB here in an interview with APP on Monday.Under the pact, KASB and CICC will jointly provide advisory, consultancy, underwriting and facilitation for Chiense investors in areas of energy, including hydel, wind and solar power, development of infrastructure, highways, sea ports, coal gasification, dams, development of oil and gas fields, mining and improvement in power transmission to help accelerate pace of economic development in Pakistan.The pact also covers complete financing in different projects in Pakistan by large Chinese institutions, said Nasir Bukhari.Nasir Ali Shah Bukhari, on ...
LAHORE: All Pakistan Textile Mills Association (APTMA) Saturday said that a conspiracy was being hatched against Punjab-based textile industry to sell expensive electricity (Rs 12 per unit) by depriving it of electricity generated by its own Captive Power Plants (CPPs). The Association's spokeman said here that APTMA had issued policy statement with respect to Captive Power to generate in-house electricity, adding that textile industry had invested billions of dollars on the installation of the ...
ISLAMABAD: Despite many geo-political problems Pakistan's economy is on the right track and all the problems being faced by country's economy will be overcome soon, said Dr. Shahid Amjad Chaudhry, Adviser to Prime Minister on Finance. He said that Pakistan has the most liberal trade regime in the world where investment opportunities available to foreign investors in the country are almost unmatched in the world. The Adviser to Prime Minister on Finance Dr. Shahid Amjad ...
ISLAMABAD: Pakistan and Egypt have trustworthy political relations and enjoying excellent diplomatic relations, therefore both the countries should also consider to improve economic ties and bilateral trade relations.These remarks were made by H.E.Mr.Said Mohamed El-Said Hindam, Ambassador of Egypt in Pakistan while addressing business community of Islamabad Chamber of Commerce & Industry (ICCI). He said that both countries are facing almost similar problems and they could better face the current challenges by promoting bilateral cooperation ...
ISLAMABAD: Pakistan is the most viable economic, commercial and energy corridor in South Asia, apart from being at the heart of security and political pursuits in the region.This was stated by the ambassador of Pakistan to France, Ghalib Iqbal in Paris while speaking at a seminar organized jointly by the Embassy of Pakistan in Paris and French organization CHEMI.According to a message received here from Paris today, the ambassador impressed that Pakistan is fully conscious ...
PESHAWAR: The Khyber Pakhtunkhwa Governor, Engineer Shaukatullah has said that the commercial exporters have been contributing highly valuable services towards economic development of the country and all possible steps will be taken to help them.He was talking to a delegation of office bearers and members of the All Pakistan Commercial Exporters Association which called on him under the leadership of its President, Mr. Mushtaq Khan and Group Leader, Mr. Taimoor Khan at Governor?s House, Peshawar ...
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