‘South Asia as a whole is greatly affected by the superpower game’

BEIJING:
The Annual Report on Investment Security of China's Belt and Road Construction (2021) was jointly released by China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University, and other institutions.

The report puts forward the fruits of researches on the political, economic, social, cultural, and ecological investment security in countries along the Belt and Road Initiative (BRI).

PM Says electric vehicle policy is part of government's Clean and Green Initiative

Karachi: Prime Minister Imran Khan launched on Thursday Pakistan's first-ever environment-friendly electric motorbike (E-bike) in a ceremony in Islamabad.

The launch of the E-bike is part of the government’s efforts to reduce carbon emission. The E-Bike has been manufactured by a local firm, Jolta Electric.

The E-Bike, will be available in various models including JE-70, JE-70 L, JE-70 D, JE-100 L, JE-125 L, JE-Scooty, and JE-sports bike. All the motorcycles are energy efficient and can be charged overnight with other features such as no clutch and gear and low maintenance.

ISLAMABAD   -  Elsewedy Electric Pakistan Managing Director Sherif Abo Elhassan, a leading Egyptian electric company, called on MOS/Chairman Board of Investment Atif Bokhari and Secretary BOI  Fareena Mazhar to discuss sector based investment opportunities in Pakistan. 

Elsewedy Electric recently acquired 100 per cent equity stake in Validus Engineering Pakistan, previously owned by Siemens. The takeover will bolster company growth via introduction of power transformer technology that enhances the production capacity to support regional export. Additionally, Elsewedy is also a potential bidder for acquisition of Heavy Electric Complex (HEC). 

ISLAMABAD: Chinese investment in Pakistan tops with dollar 402.8 million during seven months of the current fiscal year.

According to a report published by Gwadar Pro, China’s vote of confidence in Pakistan’s economy deepens after China stays atop as the sole highest contributor of net foreign direct investment (FDI) when compared to other countries in Pakistan.

The net FDI inflow from China remains at dollar 402.8million which is touted highest in the list of inflows from other countries.

Foreign investors return to Pakistan Investment Bonds with $240m

KARACHI: Pakistan Investment Bonds (PIBs) attracted highest foreign investment of over $100 million in March alone, reflecting rising attraction for foreign investors keen to profit from returns up to 10 per cent.

The latest data issued by the State Bank of Pakistan on Wednesday showed that the foreign investors invested $240.69m in the PIBs during July-March FY21.

ISLAMABAD: Pakistan for the first time has become one of the five countries in the world with the most investment in the first half of 2020, a World Bank report said. "Pakistan had the fourth highest investment commitments, a new entrant to the top five countries this year with $1.9 billion of investment commitments, accounting for 0.69 per cent of GDP," the Private Participation in Infrastructure (PPI) 2020 Half Yearly Report said. The report termed the current year’s Private Participation in Infrastructure as unprecedented because of COVID-19, which has brought many sectors, including infrastructure, to a near standstill.

KARACHI: Pakistan on Tuesday introduced a new framework to ease investment exit rules for venture capital firms and foreign direct investors, who dither investing in the country with disinvestment constraints.

The State Bank of Pakistan (SBP) introduced the new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders.

Omar Ayub highlights govt's policy initiatives to increase share of renewable power in country's total energy mix

ISLAMABAD: US-Pakistan Business Council (USPBC) on Friday hosted a virtual event titled “Explore Pakistan: A USPBC Virtual Series on Business Opportunities in Pakistan’s Energy Sector” to brief US business community

ISLAMABAD: National Assembly Speaker Asad Qaiser has invited European Union (EU) investors to invest in Pakistan to contribute to economic development of the country.

Talking to EU Ambassador in Pakistan Androulla Kaminara on Tuesday, the speaker of the National Assembly said that Pakistan has vast potential for investment in various sectors.

ISLAMABAD: Pakistan on Wednesday invited investments from the Netherlands in floriculture and food processing industries on the heels of Dutch investments in agriculture and livestock sectors in the south Asian country.

Minister for Food Security and Research Fakhar Imam said Pakistan and Netherlands can cooperate in the field of floriculture.

“Both countries can collaborate in fresh cut plants, flowers and bulbs,” Imam said during a meeting with the Ambassador of Netherland Woulter Plomp.