• KARACHI: Farooq Khan, Textile Commissioner of Pakistan said that the textiles exports can cross 20 billion dollars this year. Speaking at FPCCI meeting, he mentioned only 5 percent of Pakistan’s value-added textiles products are using synthetic materials and this must improve to increase the production rapidly.

  • The Board of Investment (BOI), Pakistan, and the National Development & Reform Commission (NDRC), China, have signed the much-anticipated Framework Agreement on Industrial Cooperation under CPEC on Friday, 4th February 2022.

    The Prime Minister, Imran Khan, held a one-to-one meeting with the Chairman, NDRC, He Lifeng, at Beijing on Friday to deliberate on the progress of CPEC projects, which was followed by the signing ceremony of the Framework Agreement on Industrial Cooperation under CPEC.

  • Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor has said the Chinese companies have assured their full support to the second phase of China-Pakistan Economic Corridor (CPEC) project.

    Talking to PTV in Beijing on Friday about Prime Minister Imran Khan's meetings with Chinese corporate leaders, he said Pakistan-China joint working groups in ten sectors will expeditiously develop projects and the Chinese side has assured technical, technological and financial support to them.

  • LAHORE: Punjab Industrial Estates Development and Management Company (PIEDMC) on Thursday awarded the status of special zone enterprise to 16 companies who hold the recipients of industrial plots in Quaid-e-Azam Business Park Sheikhupura and Vehari Industrial Estates.

  • ISLAMABAD: Foreign Minister Shah Mahmood Qureshi met Chairman Board of Investment (BOI) Mohammad Azfar Ahsan on Monday and assured him that the Ministry of Foreign Affairs will render all possible assistance to achieve the economic agenda of the government and meet the economic goals.

    According to a statement issued by Qureshi’s media team, Secretary BOI Fareena Mazhar and other senior officials of the BOI were also present during the meeting.

  • Foreign Minister Shah Mahmood Qureshi says consistent efforts are being made for economic stabilization of the country by utilizing economic diplomacy. 

    He was talking to Chairman Board of Investment Muhammad Azfar Ahsan in Islamabad on Monday.

  • PAKISTAN has decided to offer a permanent residency scheme for wealthy foreign nationals, including Sikhs living in the US and Canada, to attract investments, it emerged on Saturday (15).

    Information minister Fawad Chaudhry through an overnight tweet announced that the new scheme was in line with the new National Security Policy, which was formally launched by prime minister Imran Khan on Friday (14).

  • Prime Minister Imran Khan Monday instructed that issues of special economic zones should be resolved on priority basis and measures for facilitating the investors should be implemented in the given timeframe.

    He was chairing a high level meeting here on Special Economic Zones.

    The Prime Minister was informed in detail about the steps taken by the government for facilitating the investors in the Special Economic Zones.

  • KARACHI: Foreign Direct Investment (FDI) increased 20 per cent year-on-year in the first half of 2021-22, reflecting an improvement in the investment environment.

    In the first half of the current fiscal year, FDI amounted to $1.05 billion against the inflow of $879.7 million in the same period of 2020-21.

  • Indonesia offers coal for CPEC power projects
    Envoy says Indonesian exporters can meet large chunk of Pakistan’s demand

    The Indonesian coal industry is well refined and it can provide coal to Pakistan for power projects being developed under the China-Pakistan Economic Corridor (CPEC), said Indonesian Ambassador to Pakistan Adam M Tugio.