Business & Economy
Thursday, 08 September 2011 15:48
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ISLAMABAD: Chairperson of the Friends of Democratic Pakistan's (FoDP) Working Group on Institution Capacity Building, Senator Syeda Sughra Iman Thursday invited more Turkish investment in renewable energy and other productive sectors of country's economy.
Sughra Iman is leading a Pakistan delegation in 2-day FoDP workshop on institutional capacity building hosted by Turkey at Ankara on September 8 and 9, said a press statement received here.
During the meeting with Deputy Prime Minister Turkey, Bulent Arinc, Ms Imam said that Pakistan would welcome more participation from Turkey and FoDP countries in the renewable energy as well as hydro electricity sector, the statement added.
Referring to increasing Turkish investment in Pakistan, she said M/s Zorlu of Turkey is the first foreign investor to start wind-farm in the renewable energy sector.
Terming the historic bilateral relations between Pakistan and Turkey as exemplary, both the leaders agreed to further strengthen economic cooperation and enhance parliamentary and cultural exchange ...
ISLAMABAD: A delegation of 37 British businessmen and investors is scheduled to arrive here Monday 11 September 2011 to explore investment opportunities in various sectors of economy, Chairman Board of Investment, Saleem H. Mandviwalla said.
"Although the delegation would be exploring investment potential of various sectors, however the main focus would be on mining, oil and gas, infrastructure and financial sectors," Mandviwalla told APP in an interview.
The delegation would be led by Sir Thomas Harris, Chairman ...
ISLAMABAD: The electricity shortfall in the country Wednesday reduced to 2,514 MW from 3,310 MW as the total power generation was recorded as 13,493 MW against the demand of 16,007 MW during the last 24 hours.
According to the brief on daily power generation and load-management position, the hydel generation stood at 5,865 MW, WAPDA thermal 1,548 MW, IPPs 5,951 MW and Renal 129 MW. As many as 730 MW was supplied to Karachi Electric Supply ...
ISLAMABAD: Pakistan has been ranked at 118th position in the Global Competitiveness Report, showing improvement in the position of the country as compared to the last year's placement at 123th number.
Switzerland tops the overall rankings in the Global Competitiveness Report 2011-2012, released on Wednesday by the World Economic Forum, Pakistan (118th) partially bounces back from last year's significant drop in ranks of (123).
Yet, in several categories, it still requires improvements in performance among the developing ...
ISLAMABAD: Dr. Sarfraz Khan expert on Central Asian affairs has termed Prime Minister Syed Yusuf Raza Gilani's visit to Kazakhstan as a good step for enhancing trade between the two countries.
Talking to PTV on Wednesday, he said Kazakhstan is rich in natural resources and a major iron producing country in the region.
He said Pakistan can enjoy billions of dollars of bilateral trade with Kazakhstan.
He said Central Asian countries can also help Pakistan in meeting its ...
ISLAMABAD: The recent spell of monsoon rains which caused flash floods in Sindh province has badly affected the standing crops including cotton, sugarcane, onion and vegetables of different varsities.
In Sindh, the flash floods have destroyed standing crop of cotton over 200,000 acres of land and damaged approximately 1 million to 1.5 million bales, said Cotton Development Commissioner, Khalid Abdullah.
Talking to APP here on Tuesday, the Commissioner said that according to initial estimates, at least 40 ...
ISLAMABAD: The government has earned around 790 million dollar foreign exchange through foreign tourists who visited Pakistan during last three years.
Pakistan is home of most stunning Himalayan peaks and various magnificent valleys and has deserts, historical places and forts which were the main attraction for tourists during the period, an official of Pakistan Tourism Development Cooperation (PTDC) told APP on Tuesday.
As per details, Pakistan earned 243 million dollar in 2008, 240.6 million dollar in 2009 ...
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