Investment

Saudi firm raises Careem’s investment to $500m

Saudi firm raises Careem’s investment to $500m

Reuters An investment of $150 million by a Saudi Arabia-based venture capital firm in Careem raised its investment capital to $500m, a statement from the Dubai-based ride-hailing company said. The $150m investment was undertaken by carmaker Daimler and Saudi Arabia’s Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal. Venture capital firm DCM […]

Pakistan offers lucrative business, trade and investment opportunities

Pakistan offers lucrative business, trade and investment opportunities

The Ambassador of Pakistan to France Moin ul Haque promoted Pakistan as a preferred destination for French businesspersons, traders and investors during his three days visit to Normandy region of France from 17-19th may, 2017. The visit was organized by French Senator Mr. Pascal Allizard, President, Pakistan-France Friendship Group in the French Senate and Mayor […]

Chinese-backed Port City in Sri Lanka to attract $13bn in investment from 2018

Chinese-backed Port City in Sri Lanka to attract $13bn in investment from 2018

REUTERS A general view of “Colombo Port City” construction site in Colombo, Sri Lanka March 30.— Reuters A Chinese-backed real estate project near Sri Lanka’s main port is expected to attract $13 billion worth of investment from next year, the developer said on Friday. The $1.4bn Port City project by China Communication Construction Company (CCCC) […]

KE says new Nepra tariff discourages investment

KE says new Nepra tariff discourages investment

KARACHI: The new multi-year tariff determined by the National Electric Power Regulatory Authority (Nepra) discouraged investment and was ultimately not in the long-term interest of the citizens of Karachi, K-Electric said on Tuesday. Moreover, contrary to certain reports, the determination had no impact on consumers’ end tariff, the power utility said in a statement. “The […]

Panamagate hearing: second letter from Qatari royal ‘clarifies’ Sharif investment in Gulf Steel Mills

Panamagate hearing: second letter from Qatari royal ‘clarifies’ Sharif investment in Gulf Steel Mills

As the Panamagate hearing resumed Thursday, a second letter signed by Qatari royal Hamad Bin Jassim Bin Jaber Al-Thani submitted to the Supreme Court attempted to offer up clarification on the Sharif family’s business ties and money trail in the Middle East. The letter attempts to shed light on “certain queries… raised with respect to […]

Pakistan and France Needs to Up-grade bilateral Trade and Investment

Pakistan and France Needs to Up-grade bilateral Trade and Investment

The stable economy, improved security situation and liberal investment regime in Pakistan offers many attractive investment opportunities for French businessmen and companies. This was stated by the Ambassador of Pakistan to France Moin ul Haque during his recent visit to the city of Toulouse, a major commercial and industrial hub and capital of the enlarged […]