Other countries pull out, China increases investment in Pakistan

Karachi: Foreign direct investment (FDI) increased 10.5% in the first 11 months of 2015-16 on a year-on-year basis, according to statistics released by the State Bank of Pakistan (SBP) on Friday. Pakistan received FDI of $1,083.6 million in July-May, which is $103.3 million higher than the FDI received in the same 11-month period of the […]

‘CPEC is most important agreement in history of Pak-China cooperation’

Islamabad: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Abdul Rauf Alam on Tuesday said that China Pakistan Economic Corridor (CPEC) was the most important agreement in the history of Pakistan and China cooperation which would not only strengthen Pakistan’s economy bit it would also be an impregnable line of defence. The economic […]

Eastern alignment of CPEC: CDWP clears Rs34b Burhan Havelian expressway

By Shahbaz Rana The government on Friday cleared the Burhan-Havelian road to complete a missing link on the eastern alignment of China-Pakistan Economic Corridor at a cost of over Rs34 billion, while also giving the green light to a Rs202 million scheme for renovating the sprawling Prime Minister’s Office. The Central Development Working Party (CDWP) […]

An enduring partnership

Pakistan has all that’s required to be a star economy in Asia. From the pristine coastline of Gwadar in the south to the spectacular mountains of the north, it’s a resource-rich country located near the massive economies of China and India. More importantly, it has a young and dynamic population. Every time I visit Pakistan, […]