Envoy for further cementing Pak-Tajik economic ties

PESHAWAR   -   Ambassador of Tajikistan in Pakistan, Nasredin Ismatullo has called for removal of impediments in the way to further cement bilateral trade and economic ties between Pakistan and Tajikistan. While addressing a meeting at Sarhad Chamber of Commerce and Industry (SCCI) on Thursday, Nasredin said that Pakistan and Tajikistan should enhance mutual economic relations by exchanging business delegations and establishing links among them.

There are 21 ongoing CPEC projects: Yao

Chinese Ambassador to Pakistan Yao Jing on Wednesday said that his country is only charging 2-2.5 percent on government-to-government loans with a repayment term that goes into a long tenor. Talking to Sherry Rehman, PPP''s parliamentary leader, at her chamber in about Rehman''s concerns on Pakistan''s indebtedness to China, he said that sovereign guarantees are only required on government projects and currently there are 21 ongoing projects worth $19 billion.

Rs100mn allocated for BOI in PSDP 2019-20

ISLAMABAD: The government has allocated Rs 100 million in Public Sector Development Programme (PSDP) 2019-20 for one on- going scheme of the Board of Investment (BOI) for the industrial promotion and Investment in the country.

According to the details, the government has allocated Rs. 100 million for establishment of Project Management Unit (PMU) on China Pakistan Economic Corridor – Industrial Cooperation Development Project (CPEC-ICDP)  in PSDP 2019-20 for industrial cooperation between Pakistan and China.

Business leaders meet Hafeez Shaikh

The Presidents and representatives of Lahore, Faisalabad, Sialkot, Karachi and Federation of Chambers of Commerce and Industry held a meeting with Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh on Thursday. The representatives of various Chambers briefed the Adviser about various problems and challenges being confronted by the economy of the country, says a press release issued here.

Pakistan’s exports increased in quantitative term: Dawood

ISLAMABAD: Pakistan’s garments, knitwear, cement, food and footwear exports increased in term of quantity, however, due to the global decline in prices, exports in dollar term could not go up and remained stagnant at the previous year’s level.

Advisor to Prime Minister on Commerce, Industries and Textile Abdul Razak Dawood said this while addressing a press conference flanked by Special Assistant to Prime Minister on Information Dr Firdos Ashiq Awan on Thursday.

ECC gives approval for issuing Rs20bn Sovereign Guarantee for Investment in NIT

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Thursday approved the proposal of Finance Division, authorizing the government to issue sovereign guarantee amounting to Rs20 billion for investment in National Investment Trust (NIT)-State Enterprise Fund.

The step has been taken to stabilize the stock market of the country, said a press statement issued by the Finance Minister after ECC meeting which was chaired by Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh.