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Effective mechanism in place to facilitate foreign investors: Ishaq Dar ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar said on Wednesday that encouraged by overall improvement in the security environment and the economic stability Pakistan had achieved, a number of reputed foreign companies had expressed keen desire to explore business opportunities in Pakistan.Talking to a three-member delegation of the General Electric (GE), led by Frederic Ribieras, Global Chief Financial Officer (GCFO) which called on him here, the minister appreciated the GE's investment ventures in Pakistan.He said the government welcomes foreign investment and has an effective mechanism in place to facilitate it."Our support to you and other such companies would always be forthcoming," the Minister remarked.According to a press release issued here, the delegation had detailed discussion with the Minister on GE's investment programme in Pakistan.Frederic Ribieras recalled recent visit of Chairman and CEO of GE Jeffery Immelt to Pakistan and meeting with a number of senior officials.He said that the General ...

PM to arrive in Malta tomorrow to attend CHOGM MALTA: Prime Minister Muhammad Nawaz Sharif will arrive here Thursday to participate in 24th Commonwealth Heads of Government Meeting (CHOGM).The meeting being held in the Mediterranean island state on November 27-29, has this year's theme as "Adding Global Value".The Prime Minister will join other world leaders arriving in the Maltese capital Valletta at the Summit that would discuss issues of violent extremism, Sustainable Development Goals (SDGs) and migration.The leaders will also elect the new Secretary ...

No war with Turkey over 'planned provocation' jet downing: Lavrov MOSCOW: Russia's foreign minister on Wednesday said the downing of its fighter jet by Turkey appeared to be a "planned provocation" but said the countries would not go to war over the incident. "We have serious doubts about this being an unpremeditated act, it really looks like a planned provocation," Foreign Minister Sergei Lavrov said at a press conference in Moscow after speaking with Turkish counterpart Mevlut Cavusoglu. "We do not plan to go to ...

Khurram stresses for collaboration between OIC states for eliminating poverty ISLAMABAD: Federal Minister for Commerce, Engr. Khurram Dastgir Khan Wednesday stressed upon increased collaboration between the OIC member states for eliminating poverty and solidarity against global extremist forces.He said this while representing Pakistan in the Ministerial session of 31st meeting of Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC) held in Istanbul.The Minister for Commerce was requested by the Asia Group members of OIC to represent them in the ...

PM directs timely release of development funds under PSDP ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday directed the Planning Development & Reform Division (PD&RD) and Finance Division to chalk out a mutually agreeable course for the release of development funds under the Public Sector Development Programme (PSDP) during the remaining period of the current financial year.He also directed to ensure its compliance afterwards.The Prime Minister recalled that in a meeting over Public Sector Development Programme, the Finance Division had agreed, in principle, to enhance ...

No electricity load shedding is being carried out for industrial sector: NA told ISLAMABAD: The National Assembly was informed on Wednesday that no electricity load shedding is being carried out for industrial sector.Minister of State for Water and Power, Abid Sher Ali told the House during question hour that six hours load shedding in urban areas and eight hours load shedding in rural areas is being carried out under a uniformed policy.However, he said load shedding for longer duration is being carried out in areas of high losses ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln