International

SECP allows foreign investors higher shareholding in PSX

KARACHI: The Securities and Exchange Commission of Pakistan (SECP), the apex regulator, has given the go-ahead for increasing the shareholding of foreign portfolio investors in the Pakistan Stock Exchange (PSX).Foreign individual and institutional investors may now buy, hold or trade PSX stocks up to maximum 20% of outstanding shares estimated at around 800 million.The maximum number […]

Trading Corporation faces severe financial crisis

ISLAMABAD: Owing to non-payment of dues by the country’s four provinces, Azad Jammu and Kashmir (AJK), Gilgit-Baltistan (G-B) and other institutions, the Trading Corporation of Pakistan (TCP) is facing the threat of bankruptcy.The dues of commercial banks owed by the TCP stand at more than Rs113 billion. To solve the financial crisis, the Commerce Division has […]

CAA proposes to soften aviation policy

KARACHI: The Civil Aviation Authority (CAA) has proposed the softening of the aviation policy in order to welcome new players aspiring to jump into Pakistan’s airspace by doubling the time required for starting operations by a new airline. In late November 2018, the CAA established a committee to help prepare a draft to change the open […]

US tries to safeguard Afghan peace push from Indo-Pak crisis

WASHINGTON DC: The United States is trying to prevent simmering tensions between India and Pakistan from impacting a third country: Afghanistan, where a fragile peace push is underway to try to end more than 17 years of war with Taliban insurgents. US President Donald Trump’s administration has been publicly focused on lowering tensions between the nuclear-armed […]

A delegation of French Companies to visit Pakistan to forge business ties

A delegation of French Companies to visit Pakistan to forge business ties

  Paris 26th February, 2019. MEDEF International, the French Business Confederation will be visiting Pakistan with a large delegation of French businessmen in April this year to forge business and investment ties. This was disclosed by the Ambassador of Pakistan to France Mr. Moin ul Haque while speaking at a dinner which he hosted for the […]

Seven MOU agreements Signed between Pakistan and Saudi Arabia

Seven MOU agreements Signed between Pakistan and Saudi Arabia Islamabad: (Asghar Ali Mubarak) The Pakistan and Saudi Arabia signed seven MOUs/Agreements/Executive Programs at a signing ceremony witnessed by the Prime Minister and Prince Mohammed Bin Salman.The MOUs/Agreements cover areas such as Standard Specifications, Mineral Resources, Investment in Refining and Petro Chemical Sectors, power generation, development […]

HRH Crown Prince Mohammed bin Salman concludes successful visit to Pakistan.

HRH Crown Prince Mohammed bin Salman concludes successful visit to Pakistan.Islamabad: (Asghar Ali Mubarak) HRH Crown Prince Mohammed bin Salman, who visited Pakistan on 17-18 February 2019 at the invitation of Prime Minister Imran Khan, concluded a highly successful visit today Monday 18th February 2019.The visit laid the foundation for a new chapter in Pakistan-Saudi […]

Joint Statement issued between Pakistan and Kingdom of Saudi Arabia on the Visit of His Royal Highness Crown Prince Mohamed bin Salman

Joint Statement issued between Pakistan and Kingdom of Saudi Arabia on the Visit of His Royal Highness Crown Prince Mohamed bin SalmanIslamabad: (Asghar Ali Mubarak) Under the guidance of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud – may Allah keep him in His protection- and at the invitation of […]

Seven MOU – Agreements Signed between Pakistan and Saudi Arabia…..

By:Asghar Ali Mubarak The Pakistan and Saudi Arabia signed seven MOUs/Agreements/Executive Programs at a signing ceremony witnessed by the Prime Minister and Prince Mohammed Bin Salman. The MOUs/Agreements cover areas such as Standard Specifications, Mineral Resources, Investment in Refining and Petro Chemical Sectors, power generation, development of renewable energy projects, and cooperation in the Field […]