The International Finance Corporation (IFC), the World Bank’s investment arm, has committed $300 million to Pakistan’s Reko Diq mining project. This significant funding aims to support the development of one of the largest untapped copper and gold reserves in the world. The project was restructured in 2022 and involves a partnership between the Pakistan government, […]
Investment
Sapphire textile mills boosts global reach with investment in UK’s RTS textiles
Sapphire Textile Mills Limited, a leading textile manufacturer in Pakistan, is expanding internationally by investing in RTS Textiles Group Limited, a UK-based company. RTS specializes in the production of workwear fabrics and operates globally. Sapphire Textile revealed this development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. The investment involves acquiring a […]
Trump to visit Saudi Arabia after $1 trillion investment deal
Former U.S. President Donald Trump confirmed his upcoming visit to Saudi Arabia, following a major investment agreement. Riyadh pledged to invest $1 trillion in American companies over four years, focusing on military equipment and other industries. Trump highlighted his strong ties with Saudi leaders, calling their relationship “great.” Trump recalled that during his first term, […]
PM for reinvigorating ties with Japan in trade, investment
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday said his government was focusing on reinvigorating ties with Japan in the field of trade and investment. In a meeting with a delegation of Japanese companies, the prime minister said hurdles would be removed in the way of smooth functioning of the investment infrastructure. The prime minister, in this regard, […]
FDI inflows down 1.6pc in 10 months
investment howing a negative growth of 1.6pc. On year-on-year basis, the FDI rose to $170.6m in April 2022 against $169.0m recorded during the same month of the preceding year, according to the data released by State Bank of Pakistan (SBP) on Friday. The country wise data shows that China remained the top country posting $355.8m […]
IsDB Group approves $14.5 bn for projects in Pakistan
ISLAMABAD: As of December 2021, the Islamic Development Bank (IsDB) Group has approved total financing of about US$ 14.5 billion for 412 projects in Pakistan out of which 372 are completed and 40 are active ongoing projects. Out of the total, IsDB financed $ 2.7 billion, while $ 274.9 million have been approved by IsDB […]
KP cabinet approves $1.4bn investment project in hydro power sector
PESHAWAR: The Khyber Pakhtunkhwa cabinet with Chief Minister Mahmood Khan in chair on Tuesday approved an investment project worth $1.4 billion in hydro power sector and directed the Energy and Power Department to sign a letter of intent (LOI) with the interested Korean public sectors companies in this regard. Briefing journalists about key decisions taken […]
PM directs federal ministries, provinces to promote investment
ISLAMABAD: Prime Minister Imran Khan on Thursday highlighting importance of investment in achieving rapid and sustainable economic growth and development in the country called for ensuring ease of doing business for the investors. “As the country is moving towards economic stability, investment is the most important factor in sustaining this stability and achieving rapid economic […]
SECP revamps REIT Regulations to promote real estate activity in organized sector
To promote investment culture in the real estate sector through Real Estate Investment Trusts (REITs), the SECP has introduced a new Public Private Partnership (P3) model under REITs, besides completely revamping the regulatory framework for REITs. The amendments have shifted the regulatory structure from approval-based to disclosure-based issuance, reducing entry barriers for new REITs, making […]
Tarin says Pakistan wants to strengthen trade, investment cooperation with US
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has said that Pakistan intended to further strengthen its valuable trade, investment and people-to-people ties with the United States. Addressing a virtual meeting with representatives of US-Pakistan Business Council (USPBC), he said that the government was also firmly committed to providing an enabling environment to promote […]