Business

Dr. Shamshad Akhtar chaired meeting of National Executive Committee

Dr. Shamshad Akhtar chaired meeting of National Executive Committee

Finance Minister chairs meeting of National Executive Committee Islamabad: 2 August 2018 Finance Minister, Dr. Shamshad Akhtar chaired meeting of National Executive Committee (NEC) here on Thursday. NEC is high level body established to oversee both policy and implementation matters of the Anti-Money Laundering and Counter Financing of Terrorism regime. The meeting, among others, was attended by […]

Many CPEC projects in doldrums as NHA faces financial crisis

Many CPEC projects in doldrums as NHA faces financial crisis

ISLAMABAD: A number of road projects related to the $52 billion China-Pakistan Economic Corridor (CPEC) are said to be in doldrums as the National Highway Authority (NHA) faces financial crisis. Sources told Dawn that contractors have stopped work on several CPEC projects after their cheques worth over Rs5 billion had bounced a couple of days ago. It […]

Currency crisis tops agenda for whoever wins Pakistan election

Currency crisis tops agenda for whoever wins Pakistan election

ISLAMABAD: Whoever wins the upcoming election in Pakistan will have to urgently resolve a currency crisis that threatens to put the brakes on the fast-growing economy, with the most likely solution being another bailout from the International Monetary Fund (IMF). Pakistan’s economy expanded at 5.8% in the last fiscal year, its quickest pace in 13 years, but the […]

Moody’s Investor Service reaffirms Pakistan’s ratings

Moody’s Investor Service reaffirms Pakistan’s ratings

Islamabad:  Moody’s Investor Service, on June 20, 2018 reaffirmed Pakistan’s local and foreign currency long-term issuer and unsecured debt ratings as B3. While reaffirming the credit rating, Moody’s has appreciated Pakistan’s robust growth potential, supported by ongoing improvements in energy supply and infrastructure which have the potential to raise economic competitiveness over time. The outlook […]

Pakistan and Tajikistan Tuesday agreed to further strengthen their relations by adopting measures to take bilateral trade to US $ 500 million per annum, immediate revival of air links and early implementation of CASA-1000 (Central Asia South Asia) electricity project.

Pakistan and Tajikistan Tuesday agreed to further strengthen their relations by adopting measures to take bilateral trade to US $ 500 million per annum, immediate revival of air links and early implementation of CASA-1000 (Central Asia South Asia) electricity project.

DUSHANBE, June 19 (APP): Pakistan and Tajikistan Tuesday agreed to further strengthen their relations by adopting measures to take bilateral trade to US $ 500 million per annum, immediate revival of air links and early implementation of CASA-1000 (Central Asia South Asia) electricity project. The two sides reached this agreement during talks between President Mamnoon […]

Pakistan, Russia set to sign $10b offshore pipeline deal next week

Pakistan, Russia set to sign $10b offshore pipeline deal next week

ISLAMABAD: In a major breakthrough, Pakistan and Russia are poised to sign a $10-billion offshore gas pipeline deal, a project planned by the latter to capture the energy market of Pakistan. Sources told The Express Tribune that the cabinet had approved the signing of the gas pipeline laying deal and Pakistan ambassador to Russia had been authorised to ink […]

Pakistan seeks economic lifeline with fresh China loans

Pakistan seeks economic lifeline with fresh China loans

ISLAMABAD: Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad’s growing reliance on Beijing for financial support. Lending to Pakistan by China and its banks is on track to hit $5 billion in the fiscal year […]

Successful implementation of CPEC key to stable credit profile: Moody’s

Successful implementation of CPEC key to stable credit profile: Moody’s

Moody s Investors Service says that Pakistan s (B3 stable) credit profile is supported by the country s robust growth performance and potential, a large — but low-income — economy, and an improved track record of reforms that started under its 2013-16 International Monetary Fund (IMF) program. These strengths have been accompanied by greater transparency and lower levels […]

ADB-Pakistan agreed for stronger public-private partnerships

ADB-Pakistan agreed for stronger public-private partnerships

ISLAMABAD:The Asian Development Bank (ADB) and the government of Pakistan on Monday agreed to chart new ways to pursue more robust and inclusive investments in Pakistan by scaling-up public-private partnerships (PPPs) to tap the private sector resources and to meet the country’s rising infrastructure development needs.The three-day ‘ADB Country Programming and Public-Private Partnerships in Pakistan‘ […]

PM woos investors to benefit from Pakistan’s rich potential

PM woos investors to benefit from Pakistan’s rich potential

Prime Minister Shahid Khaqan Abbasi on Monday wooed foreign investors to exploit the rich potential Pakistan offers in diverse fields and benefit from the lucrative incentives offered by the country. Addressing an investors’ conference here at a local hotel that focused on ways to raise the national GDP to 9%, the Prime Minister said the […]

1 2 3 53