• BRI & CHANGING GEOPOLITICS

    GEO-economy has become the “mantra” of every government in the world. Now Chinese “shared prosperity” and the US & West “hegemonic concepts” are competing to sway the hearts and souls of the people.

    China’s posture is open, transparent, unconditional, interactive, productive and participatory. Whereas, the US and the West are giving mixed signals pertaining to their obsession of military might, economic superiority, global outreach and so-called democratic philosophies and human rights prophecies but have not yet been borrowed these means of survival to other developing countries.

  • BEIJING: As the China Pakistan Economic Corridor (CPEC), a flagship project under the China’s proposed Belt and Road Initiative (BRI), has created new opportunities for economic growth and stability via a number of projects that are in full swing across the South Asian country, many third-country investors are also showing interest in the project.

    Saudi Arabia, United Arab Emirates (UAE) and Germany are among those that have taken moves on the cooperation with Pakistan via the flagship project. As China extends a welcoming attitude toward the investment, it is believed that the CPEC would continue to attract more third-country investors, industry observers told the Global Times.

  • Peshawar - A total of 44 MoUs worth $8 billion have been signed for investment in Khyber Pakhtunkhwa at investment conference in Dubai on the sidelines of Dubai Expo 2020.

    Khyber Pakhtunkhwa Minister for Finance Taimur Khan Jhagra was the  chief guest while Additional Chief Secretary Shahab Ali Shah, provincial minister Shaukat Yousafzai, Special Assistant to Chief Minister on Trade and Industries Abdul Karim Khan, Pakistan Ambassador to UAE Afzaal Mahmood, Secretary for Sports,

  • CHAGAI: The Saindak Copper-Gold Project has generated a profit of $74.71 million by collecting revenue of $550,000 against 16,426 tonnes of blister copper out of 5 million tonnes of concentrating tasks during last year.

    This was disclosed on Friday by chairman of the Metallurgical Construction Corporation (MCC) Resources Development (Pvt) Limited (MRDL), He Xuping.

    He said that taking advantage of the rising prices in the international metal market his company carefully organised production and achieved its annual target despite repeated boiler bursts while combating the coronavirus pandemic as well.

  • KARACHI: Special Assistant to the Prime Minister on China Pakistan Economic Corridor (CPEC) Affairs, Khalid Mansoor Thursday said that during the initial stage of the CPEC, power was too expensive because of the furnace oil cost, which could directly hit the country’s balance of payment position.

    Addressing the second day of “The Future Summit,” organized by the Nutshell Group in collaboration with the Martin Dow Group, Mansoor said the CPEC is not China-centric. From their viewpoint, it is all about regional connectivity. Apart from China, Special Economic Zones (SEZs) are open to entire world. “We will soon hold international conference on CPEC significance,” he added.

  • Minister of State and Chairman Board of Investment (BOI) Muhammad Azfar Ahsan on Thursday said that private sector is the engine of growth and successful businesses drive growth, create jobs and pay the taxes that finance services and investment

    ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Jan, 2022 ) :Minister of State and Chairman board of Investment (BOI) Muhammad Azfar Ahsan on Thursday said that private sector is the engine of growth and successful businesses drive growth, create jobs and pay the taxes that finance services and investment.

  • Remaining reforms, out of 168 proposed, at various stages of implementation

    The Board of Investment (BOI) has completed 100 reforms out of the 168 proposed reforms under Regulatory Reforms and Guillotine Initiatives (PRMI) that aim to identify, simplify, modernize or eliminate the regulatory bottlenecks for facilitation of businesses, particularly Small and Medium Enterprises (SMEs).

  • ISLAMABAD: Board of Investment (BoI) on Sunday clarified that it has also sent a letter to Sindh government seeking information of potential Chinese companies (that have approached the concerned Federal Ministries/ provincial departments in the recent past with a definite investment plan).

    The information has been solicited by BoI in its letter of January 13, 2022 from fifteen Federal Ministries and the concerned six departments/agencies dealing in investment promotion and facilitation of all provinces and AJ&K, including Sindh Investment Department.

  • Special Economic Zone committee of M3 Industrial City has approved three companies for zone enterprise status to catalyse economic activity in the province

    LAHORE, (UrduPoint / Pakistan Point News - 10th Jan, 2022 ) :Special Economic Zone committee of M3 Industrial City has approved three companies for zone enterprise status to catalyse economic activity in the province.

  • ISLAMABAD - Ambassador of Poland to Pakistan Maciej Pisarski on Saturday said the volume of trade between Pakistan and Poland is more than € 500 million and both countries were focusing on exploring more avenues of trade and investments in multiple sectors like information technology, food processing, preservation, and agriculture sector.

    Good news for the Pakistani side was that Poland was in a huge trade deficit as Pakistani exports in textile, sportswear, foodstuff, and leather products were greater in number while Poland’s cosmetics were popular here, the Ambassador told APP.