Category: Business

ISLAMABAD: Pakistan and the European Union on Monday agreed on a new strategic engagement plan for steering their bilateral relationship and enhancing cooperation. The agreement was reached at the fourth round of Pakistan–EU strategic dialogue. High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini, who was visiting Islamabad for the […]

ISLAMABAD: The Board of Investment (BoI) is optimistic about Pakistan’s ranking in Ease of Doing Business would show considerable improvements and come down below 100 in the next World Bank rankings scheduled to be released in May. The BoI is evaluating performance of ease of doing business reforms in Karachi and Lahore and subsequent reports […]

ISLAMABAD: Several Southeast Asian companies have started to roll out their vehicles, but slow pace of European manufacturers indicates their lacklustre interest in the Pakistani market. The two European brands that had expressed interest to enter the Pakistani market under Auto Policy 2016-21 were Volkswagen AG of Germany and Renault of France. However, none of […]

BENGALURU: Uber Technologies Inc is six months into a major mapping project that fills holes in its coverage of Middle Eastern cities ahead of a possible takeover of regional rival Careem Networks and this year’s hotly anticipated initial public offering, according to a source with knowledge of the project. A team of 28 engineers and […]

TAXILA: Minister for Petroleum Ghulam Sarwar Khan hinted on Monday at the discovery of oil and gas reserves next month, as that offshore drilling around 230 kilometres into the sea has found positive signs of large reserves. Speaking to the press at the ground-breaking of a park in Wahdat Colony, Mr Khan said drilling for […]

CUPERTINO: Apple is launching its own credit card, called Apple Card, that can be used anywhere Apple Pay is accepted. Apple says the card will make it easier to see what merchants charged you. It uses Apple Maps to show users where they spend their money. This is in contrast to the sometimes-confusing alphabet soup […]

The State Bank of Pakistan (SBP) on Monday announced that it had received 15 billion Renminbi (RMB) — also known as yuan — equivalent to $2.2 billion, as proceeds for a loan extended to Pakistan by the Chinese government. Finance ministry adviser and spokesperson Dr Khaqan Hassan Najeeb confirmed the development to DawnNewsTV. Last week, the […]

ISLAMABAD: Finance Minister Asad Umar has directed relevant ministries to expedite work on the memoranda of understandings (MoUs) signed between Riyadh and Islamabad during Saudi Crown Prince’s visit last month. The MoUs were signed in sectors including oil, alternative energy, minerals and mines. Chairing a meeting of the steering committee of the Saudi-Pakistani Supreme Coordination […]

There is no doubt that successful completion of CPEC will revolutionize the power sector making it highly efficient. There are added benefits in the growth of GDP, export and balance of payments. However, its successful completion requires substantial policy making and enormous planning. Publicly available policy related documents include CPEC Long Term Plan (LTP) and […]

Internal political confrontation is growing and external threats to the national security persist despite an apparent de-escalation in the Pakistan-India conflict. Both factors are sure to affect the economy in many ways in the short-to-medium term. At the time of a political transition, people hear promises of revolutionary changes in economic management like we did […]