Pakistan
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Pakistan suffering Rs8 trillion in tax loss each year due to illicit trade
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[ad_1] Shipping activity can be seen at Port Qasim, Karachi. — APP/File Amid dire economic circumstances, Pakistan is also losing Rs8 trillion each year in tax loss due to rampant illicit trade which is further exacerbating the country’s worrisome financial indicators. Pakistan has “one of the highest” illegal trade in Asia, amounting to $68 billion or…
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Pakistan opens new doors for foreign investment in diverse fields: Masood Khan
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[ad_1] Pakistan’s Ambassador to the United States Masood Khan addressing a seminar in Washington, US. — Radio Pakistan Highlighting an investment-friendly environment and business opportunities available in Pakistan, Islamabad’s ambassador to the United States has said that his country has opened new doors for foreign investment in IT, energy, agriculture, mining, and defence production. The…
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IMF urges Pakistan to strictly implement targets as agreed
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[ad_1] An International Monetary Fund official speaks during an interview with AFP at the IMF headquarters in Washington, DC, on July 26, 2022. — AFP ISLAMABAD: Pakistan has been informed by the International Monetary Fund (IMF) that it needs to meet the targets set with the global lender under the $3 billion Stand By Agreement,…
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Saudi firm acquires majority stake in Shell Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: In a significant move, Royal Dutch oil company Shell has reached an agreement to sell its 77.42% majority stake in Shell Pakistan Limited (SPL) to Saudi firm Wafi Energy LLC. This decision comes as Shell reorganises its global business, and the sale aligns with its strategy to enhance its mobility network. The transaction…
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Shell to sell majority stake in Pakistan unit to Saudi oil firm
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[ad_1] A view of a closed petrol pump due to fake news of petrol price hike again in the country. — Online/File Shell Pakistan said its parent company’s unit, Shell Petroleum Company, has signed a deal to sell its 77.42% majority interest to Saudi Arabia-based Wafi Energy LLC, according to an official statement issued by…
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‘Pakistan to focus on indigenous, renewable energy sources’ | The Express Tribune
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[ad_1] ISLAMABAD: In a meeting with the Ambassador of China to Pakistan, Jiang Zaidong, Caretaker Federal Minister Muhammad Ali conveyed Pakistan’s commitment to shaping its future energy landscape with a strong emphasis on indigenous and renewable sources. The minister highlighted the potential areas for collaboration between China and Pakistan, citing renewables, transmission networks, and DISCOs…
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Pakistan hopeful of successful IMF review
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[ad_1] Caretaker Prime Minister Anwaar-ul-Haq Kakar talking to the media in Lahore, on October 31, 2023, in this still taken from a video. — YouTube/PTV The caretaker government is hopeful of successfully concluding the upcoming review of the International Monetary Fund (IMF) scheduled next month, interim Prime Minister Anwaar-ul-Haq Kakar said Tuesday. An IMF mission led…
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IMF delegation to visit Pakistan on Nov 2 for SBA review
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[ad_1] In this file photo taken on April 15, 2020, a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington, DC. — AFP A delegation of the International Monetary Fund (IMF) will arrive in Pakistan on November 2 for talks pertaining to the initial assessment of the $3 billion Stand-By…
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Pakistan, China explore investment avenues | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister of Commerce Dr Gohar Ejaz held a series of highly productive meetings with prominent Chinese business leaders and investment groups on the sidelines of the 3rd Belt and Road Forum in Beijing. These meetings were aimed at strengthening economic ties between Pakistan and China and exploring investment opportunities in Pakistan, according…
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Strong macros toss Pakistan stocks to highest in over 6 years
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[ad_1] A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks rallied Friday as the bulls pushed the market by over 300 points and it crossed the 50,700 barrier, its highest since May 2017, as investors seemed satisfied with the…
