Remitances By Overseas Pakistanis To Rise Upto 10PC
ISLAMABAD: Overall remittances sent by Pakistanis residing in KSA and UAE are expected to be risen further by 10 per cent in FY 2016-17. According to Khaleej Times report, Overseas Pakistanis workers topped particularly by those working in the UAE and Saudi Arabia, had set a historic record of sending home $19.9 billion remittances in […]
Vice Chiff Of Naval Staff Lauds China’s Coorporation In Strenghting PMSA
Vice Chief of Naval Staff Vice Admiral Khan Hasham Bin Saddique has lauded China’s cooperation in strengthening Pakistan Maritime Security Agency (PMSA) to provide security to Gwadar Port. He expressed these views while speaking at launching ceremony of second Maritime Patrol Ship “BASOL” for PMSA at Chinese city of Liuzhou. Vice Admiral Hasham said this […]
Three-day Envoys’ Conference begins in Islamabad
The Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz was presiding over the Conference in which envoys of Pakistan accredited to various capitals and multilateral institutions were participating. The envoys included Jalil Abbas Jilani (Washington DC), Masood Khalid (Beijing), Abdul Basit (New Delhi), Maleeha Lodhi (UN New York), Ayesha Riyaz (Vienna), Naghmana Hashmi […]
First Pakistani bank branch in China to be inaugurated on August 11
The first bank branch of Pakistan’s private commercial bank, Habib Bank Limited (HBL), is likely to be inaugurated in Beijing on August 11, after the soft launch the bank will open its branch in the industrial city of Urumqi. An official source said that Minister for Commerce Khurram Dastgir Khan will perform the inauguration of […]
Punjab offers free land for Chinese investment
LAHORE – Punjab Chief Minister Shehbaz Sharif yesterday addressed the Punjab-Qingdao Business Seminar in Qingdao, an important trade and industrial city of China. Vice Mayor Qingdao Sun Lijie, in his address, warmly welcomed the chief minister and thanked the Punjab government for providing a very conducive atmosphere to Chinese investors. “This shows Chief Minister’s interest […]
China and Pakistan increase cooperation amid flared tensions with India
By Priyanka Mogul At a time when both Pakistan and China are seeing increasing tension with India, the two have signed a number of agreements with each other to strengthen economic and development cooperation. The move came during the Punjab Shandong Business Conference, which was held in the Chinese city of Jinan on 27 July. […]
Pakistan set to become new Islamic finance heavyweight
By Arno Maierbrugger Bangkok: Islamic finance is expected to take off in Pakistan in the coming years due to new regulations on Shariah-compliant banking, newly launched industry-supporting regulatory bodies, as well as rising demand from foreign investors and the large unbanked Muslim population, experts suggest. According to the Global Islamic Finance Report, a renowned yearbook […]
Gwadar Airport, Expressway ground breaking this year : Ahsan
Islamabad:Minister for Planning, Development and Reform, Ahsan Iqbal said on Monday that groundbreaking of Gwadar International Airport and Expressway would be performed this year. “Three routes to link Gwadar with rest of the country would be made available by December 2016,” he made these remarks while talking to a delegation of Gwadar Press Club which […]
CPEC: tough road ahead
When a project as huge as the China-Pakistan Economic Corridor (CPEC) is implemented, issues are bound to arise especially in a country like Pakistan, where inefficiency, corruption and political instability plague the system. The CPEC is worth close to $46 billion, almost twice as much as Pakistan’s total foreign exchange reserves, and has been cited […]
Gwadar port to create 40,000 jobs: GPA chairman
Quetta: Work on construction of a 10-square-kilometer industrial free zone in Gwadar is underway and the port city alone will be able to create about 40,000 jobs. In an interview with APP here on Friday, Chairman Gwadar Port Authority (GPA) Dostain Khan Jamaldini said construction of Gwadar Free Zone was underway at cost of $2 […]