The Pakistan Economy Watch on Saturday said Pakistanis have lost billions of dollars of investments in speculator-oriented Dubai real estate property downturn. Those who lured Pakistanis by showing them golden dreams of rich returns by investing in the oil-poor emirate have walked away. These include salesmen, so-called developers, intermediaries and bankers, etc who must be [...]
Continue reading...Tuesday, November 25, 2008
ABU DHABI: Pakistan and UAE have agreed to expand collaboration in energy sector and start joint ventures in various fields. It was decided at a meeting between President Asif Ali Zardari and UAE Minister for Petroleum, Muhammad Dhaen who called on him in Abu Dhabi today. The two sides reviewed joint energy projects and agreed to [...]
Continue reading...Monday, November 24, 2008
ISLAMABAD: Representatives of Pakistan Telecom Industry called on the Secretary Investment, Mr. Ashraf Hayat on Monday in the office of Board of Investment Islamabad. The agenda was to discuss various issues and concerns of the Telecom Industry regarding the auction of 3 G Spectrum by PTA and current taxation policy of the Government. The [...]
Continue reading...Monday, November 24, 2008
KUALA LUMPUR: The Malaysian Press has termed Pakistan as a safe place to make investment and to do business as the security situation in Pakistan is getting better day by day. The eight member delegation of Malaysian journalists who visited Pakistan last week contributing various stories to there respective news papers on security situation in [...]
Continue reading...Saturday, November 15, 2008
Flight of capital cannot be controlled through administrative actions but by creating a conducive and enabling environment, Pakistan Economy Watch said on Friday. Economies have never responded to speeches, promises and tall claims but actions. Pakistan is not an exception. A former president has played major role in flight of capital from the country. He [...]
Continue reading...Monday, November 3, 2008
Islamabad: Pakistan Economy Watch has said that IMF (International Monetary Fund) is suffering from financial problems and preparing to get aid from wealthy nations. IMF has no option but to ask wealthy Asian nations for help. The fund’s lending capacity of $250 billion dollar and present reserves of $210 aren’t sufficient in comparison to global [...]
Continue reading...Saturday, September 27, 2008
PEW questions controversial role of Int’l rating agencies Pakistan Economy Watch has said that international rating agencies have initiated a malicious campaign against Pakistan. It asked government should take notice of these moves and counter it. Dr. Murtaza Mughal, President, Pakistan Economy Watch said on Saturday that the situation of economy is not very good [...]
Continue reading...Thursday, September 11, 2008
ISLAMABAD: Due to Pakistan economy’s burgeoning income-expenditure gap, the government’s borrowing for budgetary support increased to Rs58.24 billion during the first month of fiscal year 2008-09, depicting an increase of 40.95 per cent compared to borrowing of Rs41.32 billion in the corresponding month of the last fiscal. During July 1 to July 26, government’s borrowing from [...]
Continue reading...Tuesday, August 19, 2008
ISLAMABAD Prime Minister Syed Yousuf Raza Gilani has said that Pakistan’s economy offers best opportunity for the telecom sector as the government is committed to provide level playing field for their operations. The Prime Minster said this in a meeting with Ms. Chua Sock Koong, President Group CEO SingTel, Singapore and Mr. Bashir A Tahir, [...]
Continue reading...Sunday, August 10, 2008
ISLAMABAD: Pakistan is facing tough economic conditions and only vibrant economic activities can enable the country to meet the challenges. Hence, all the government agencies should facilitate new investments and encourage business and traders community by providing a conducive business environment, said Munawar Iqbal, Senior Vice President of Islamabad Chamber of Commerce and Industry (ICCI) [...]
Continue reading...Friday, August 1, 2008
ISLAMABAD: The world’s leading power investors endorsed Pakistan’s power sector development strategy and made suggestions for improving the investment process at an investors’ roundtable hosted by the World Bank, the IFC, and the Government of Pakistan at the World Bank Group offices in Washington DC. The press release received from Washington DC says that the [...]
Continue reading...Wednesday, June 25, 2008
ISLAMABAD: Federal Minister for Housing & Works, Rehmatullah Khan Kakar has said that upcoming mega housing projects would open unprecedented investment opportunities for the local and foreign construction companies besides generating tremendous socio-economic activities in the country. He said this while talking to a delegation from Malaysian NAMFATT Corporation headed by its Vice President [...]
Continue reading...Tuesday, May 20, 2008
CAIRO: The Prime Minister Syed Yousaf Raza Gilani Tuesday arrived in Cairo from Sharm el Sheikh for a brief visit on the last leg of his four day visit to Egypt. Earlier talking to Saudi Minister for Commerce and Industry Abdullah Ali Reda, who called on him on the sideline of the World Economic Forum [...]
Continue reading...Monday, May 19, 2008
SHARM EL SHEIKH: Prime Minister Syed Yousuf Raza Gilani has said the government will provide all facilities for investment in Pakistan particularly in the energy sector. He was addressing a session of the World Economic Foreign titled” Eye on Pakistan” in Sharm el Sheikh on Monday. He said new avenues for investment have opened in [...]
Continue reading...Thursday, May 15, 2008
ISLAMABAD: Romanian and Malaysian investors have has expressed interest in investment opportunities in the Infrastructure sector in Pakistan under the Public Private Partnership modality. A delegation from Romania headed by Mr. Marciel Popa currently visiting Pakistan has evinced interest in participating in the energy and construction industries. The Romanian delegation also wants to evaluate potential [...]
Continue reading...Tuesday, May 6, 2008
ISLAMABAD: Federal Minister for Petroleum and Natural Resources Khawaja Muhammad Asif has said that coalition government is taking concerted steps to attract investment in power generation, oil and gas sector. “We look forward for more investment and support by Saudi government in these sectors”. Federal minister expressed these views while talking to the Saudi Ambassador [...]
Continue reading...Friday, May 2, 2008
DUBAI: UAE and Gulf investors pledged Dh11 billion ($3 billion) in Pakistan’s agriculture and dairy sector, a statement said. “Abu Dhabi Group will set up new sugar mills and making additional agri-dairy investments in Pakistan; Engro Chemicals, which is investing $1.6 billion in the sector over the next three years while the UK Department [...]
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Saturday, December 6, 2008
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