Saudi visit highlights Pakistan’s search for investment
The largest deal signed on Sunday, a $10 billion refinery to be developed in the port of Gwadar by Saudi Aramco, will take up to five years to develop. But smaller deals, including the acquisition of two liquefied natural gas plants, alternative energy projects and food and agriculture investments should bear fruit more quickly
Pakistan, Saudi Arabia sign agreements worth $20 billion
Saudi Arabia Crown Prince Mohammed bin Salman on Sunday landed on the red carpet in Pakistan amid much fanfare and strict security...
Sustainable solution to Pakistan’s problems lie in structural reforms, believe analysts
Pakistan will have to push for fiscal consolidation and taxation reforms under the forthcoming IMF programme and move away from reliance on borrowing and foreign support to shore up the economy
Saudi Prince Salman’s visit to revitalise economy: PM Khan, Umar
Prime Minister Imran Khan says Crown Prince Muhammad Bin Salman's visit to Pakistan is a manifestation of the strength of bilateral and...
Saudi company ACWA to invest $4bn in Pakistan’s renewable energy sector
ISLAMABAD: Saudi power producing company ACWA Power on Sunday expressed its willingness to invest around $4 billion in Pakistan’s renewable energy sector.
This...
Saudi oil refinery in Gwadar to help Islamabad save $3bn a year
The refinery would produce up to 300,000 barrels per day once completed
India levies 200% duty on imports from Pakistan
LAHORE: In retaliation to the aftermath of the deadly attack in Indian-occupied Kashmir on Friday, India has announced an imposition of 200%...
Pakistan asked to bear transportation cost of Gwadar oil refinery project
The country will require a huge amount to ensure timely completion of pipelines between Gwadar and Karachi, and Gwadar and Nawabshah
ISLAMABAD: As...
Interloop gears up for March IPO, roadshows to commence in Lahore, Karachi next week
Interloop’s IPO could become the country’s largest private sector listing on the Pakistan Stock Exchange, eclipsing that of the bourse which raised Rs4.5 billion in 2016
Global e-commerce sales will skyrocket to $3 trillion by 2022: Fitch Solutions
China is the largest e-commerce market globally with total e-commerce sales forecast at $834 billion in 2019 and projected to further rise to $1.24 trillion by 2022
China to extend $3.5 billion in grant and loans: Report
Officials revealed Beijing has also pledged to an additional $1 billion for health, education, drinking water, vocational training and poverty alleviation projects over the next three years
Pakistan gets ready to woo Saudi crown prince
Saudi Arabia is reportedly preparing to sign a record investment package with Pakistan, including a $10 billion refinery and oil complex for the strategic Gwadar Port on the Arabian Sea
Pakistan to take another $1.4 billion loan to curb power sector arrears
Electricity shortages have eased in the last 12 months but years of mismanagement and funding shortfalls for subsidies have led to accumulated power sector payment arrears, or “circular debt”, soaring to 1.4 trillion rupees ($10.1 billion)
Pakistan to ink MoU on free trade agreement with Saudi Arabia
KSA has agreed to develop at least two SEZs identified under CPEC
ISLAMABAD: Apart from signing a number of agreements worth up...
Sarmaya-e-Pakistan, holding company for state owned enterprises incorporated: Asad
LAHORE: Finance Minister Asad Umar says Sarmaya-e-Pakistan, the holding company for state-owned enterprises, has been incorporated.
In a tweet, he said turning around...