Pakistans micro-economic units showing improvement on April 17, 2017KARACHI: As the gross domestic product (GDP) growth of Pakistan takes off from long sluggish runway the micro-economic units have also started showing improvement, one being the hospitality industry. The growth of the hospitality industry has introduced new trends and ways to carry on business activities thanks to the increasing penetration of internet in the […]
Italian firms keen to sell missile defence system to Pakistan on April 7, 2017KARACHI: Italian manufacturers and suppliers of military hardware, particularly missile defence systems, are eyeing Pakistan as a potential market to export their products and technology. Representatives of leading defense equipment manufacturers, including MBDA, Italian developer and manufacturer of missiles; Elettronica, Integrated Electronic Attack and Self-Protection Systems developer; and Fincantieri, an Italian shipbuilding company on Thursday […]
Etablishment of Pak-Iran banking channel finalised, says SBP governor on March 28, 2017Karachi: Arrangements for establishment of banking channels between Pakistan and Iran have been finalized and soon central banks of both countries will sign an accord, Governor State Bank of Pakistan (SBP), Ashraf Mehmood Wathra said here on Monday. Addressing the members of Karachi Chamber of Commerce and Industry KCCI, the Governor said that to facilitate […]
Sugar turns bitter for Pakistanis as millers make illegal profits on March 21, 2017KARACHI: Pakistan’s sugar millers are all set to earn around Rs 65 billion in the current season by selling sugar at exorbitant prices across the country, experts claim. Sugar millers have started a misleading campaign get permission for the export of one million tons of sugar by blackmailing the government in the name of surplus […]
Pakistan Navy activates Task Force-88 in Gwadar on March 16, 2017ORMARA: Pakistan Navy has fully activated its newly formed ‘Task Force-88’ (TF-88) for the seaward security of Gwadar port and the protection of connecting channels.TF-88 is equipped with gunboats, frigates, Fast Attack Craft, aircraft, and drones as well as other electronic surveillance means. A senior official of Pakistan Navy while briefing a group of visiting […]
Pakistan Navy ensures foolproof multilayer security system at Gwadar Seaport on March 15, 2017Gwadar: “I am sure that my children will benefit from massive development taking place around us and for that purpose my children are getting quality education”, said Jaan Bibi, a widow and mother of five children, working at Bahria Model School Gwadar, one of the three schools being run by Pakistan Navy in the coastal […]
After divestment, first meeting of PSX BoD held on March 10, 2017Karachi: After divestment of 40 percent stakes to Chinese Consortium, the first meeting of Board of Directors of Pakistan Stock Exchange including four Chinese representatives was held on Friday. The Chinese directors including a woman who attended the first board meeting included Mr. Que Bo (Director representing Shanghai Stock Exchange), Mr. Zheng Hu ( Director […]
Pakistan receives much awaited $350m under Coalition Support Fund on March 10, 2017Karachi: In a bid to dispel the widely prevailing impression of shrinking US Aid and influence in Pakistan, the Trump administration has released $350 million under the Coalition Support Fund. The central bank of Pakistan, SBP on Thursday confirmed that the country has finally receive $350 million from the US on account of the Coalition […]
Investment under CPEC to cross $100bn with foreign participation: financial experts on March 9, 2017Karachi: Pakistan’s financial experts expressed their optimism in the foreign investment under the China Pakistan Economic Corridor CPEC which they predict will increase well above $100 billion with progress on the project and with increasing foreign participation. Talking to journalists at the Institute of Chartered Accountants of Pakistan’s (ICAP), Khalilullah Shaikh, Vice President ICAP & […]
PSX receives around Rs 8.96 billion Rs 4.5m for each of it 200 members on March 3, 2017 KARACHI: The Pakistan Stock Exchange (PSX) on Friday received around Rs 8.9 billion from the Chinese Consortium against selling of its 40 percent stakes for Rs 28 per share, which would be divided into 200 members. As per deal, four Chinese directors would be included in the PSX board and the decision in this […]