• British Airways has today announced it will begin flying direct from Lahore, Pakistan to London Heathrow four days a week, commencing on 14 October 2020. Tickets are on sale now.

    The ‘City of Gardens’, Lahore is known for its rich culture and will be the second city in Pakistan that British Airways will connect to London, US and Canada. The airline already flies every single day from Islamabad, connecting friends and family as well as business contacts.

  • The UK’s credit financing agency, UK Export Finance (UKEF) has increased its financing limit for UK businesses looking to export to and invest in Pakistan to £1.5 billion.

    This announcement will boost trade partnerships between the two countries and unleash Pakistan’s growth potential. UKEF helps secure large contracts by providing attractive financing terms to buyers and supporting working capital loans.

  • TOKYO: Pak-Japan Business Council (PJBC) is keen to invest at least $100 million in industrial zones in Pakistan in line with the interest of Japanese government and private sector to strengthen bilateral economic cooperation, its top official said.

    Rana Abid Hussain, president of PJBC told the News that the Japan-based nonprofit association would put the investment pan before Punjab Governor Chaudhry Sarwar who’s scheduled to visit Japan in the last week of this month.

  • ISLAMABAD: Prime Minister Imran Khan on Tuesday said the country’s Information Technology (IT) sector held tremendous potential for investment, revenue generation and economic development.

    He emphasised that IT-solutions in government operations ensured transparency, speed of delivery and good-governance.

  • International Finance Corporation (IFC), the largest development organization working with the private sector in emerging markets, is working with Pakistan’s Board of Investment, BOI, in the push to attract investment and reduce the most immediate, short-term implications of COVID-19,  

    Moves are now underway to target investors to key sectors in Pakistan’s economy including auto and auto part manufacturing, food and beverages, information technology, logistics and textiles, as part of a bid to spur new jobs and help in the recovery post COVID-19. 

  • Ambassador of Belgium Philippe Bronchain on Tuesday visited Islamabad Chamber of Commerce & Industry (ICCI). During his visit to ICCI, he was along with his Trade Commissioner Abid Husain. 

    Addressing the business community, the ambassador said that his country was interested in making investment in Pakistan as it was a potential country for business and investment activities. 

    He discussed various prospects for further enhancing bilateral trade, investment and JVs between Belgium and Pakistan. He said that he would play role to build a strong image of Pakistan in his country. 

    Abid Husain, Trade Commissioner, Embassy of Belgium said that Pakistan was mostly exporting textiles products and some raw materials to Belgium. However, he said that Pakistan needed to invest in technology for producing value added products that would increase its footprint in foreign markets. He said it would also help Pakistan to fully capitalize on the GSP Plus concession of EU in order to enhance its exports. 

  • Fortescue Group chairman says they will create jobs, economic opportunities in Pakistan

    Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Monday hailed Australian inventors for injecting capital into different sectors of Pakistan.

    During a meeting with a delegation of Fortescue Metals Group Limited, headed by Group Chairman Andrew Forrest, Dawood said the approach of Fortescue Group was unique and it would result in transfer of knowledge and technology to Pakistan.

  • ISLAMABAD: Ambassador of Belgium to Pakistan Philippe Bronchain has said that his country was interested in making investments in Pakistan, as it was a potential country for business and investment activities.

    The Belgian ambassador said during while addressing the business community at the Islamabad Chamber of Commerce & Industry (ICCI) on Tuesday.

    Philippe Bronchain discussed various prospects to enhance bilateral trade, investment and joint ventures between Belgium and Pakistan. He said that he would play a constructive role in building a strong image of Pakistan in his country.

  • ISLAMABAD, Sep 7 (APP): President Dr. Arif Alvi on Monday said that Pakistan had adopted a very liberal and investment friendly policy and foreign investors needed to benefit from the liberal investment regime.

    He said that the investment policy had been designed in a manner to provide a comprehensive framework for creating conducive business environment for foreign investors in the country.

  • A three-member Chinese trade delegation headed by Gao Bao Jun visited the Lahore Chamber of Commerce & industry on Monday and met the Vice President Mian Zahid Jawaid Ahmed.

    Issues of mutual interest were discussed during the meeting.

    Gao Bao Jun said that that there are investment opportunities in Pakistan in the telecom, energy and processed food sectors.

    He said that there is a need to work on the potential in the field of clean drinking water in Pakistan. The need for clean drinking water is a big part of life and its scarcity causes many diseases which further aggravate the problem in hospitals. He called for investment in the clean water sector.