ISLAMABAD, August 22, 2013: The Green Power for Mobile Afghanistan & Pakistan Specific Working Group, co-organized by the GSMA and co-hosted by Telenor Pakistan, was conducted today at a local hotel in Islamabad. The event stressed upon the business challenges faced by Mobile Network Operators (MNOs) due to acute energy crises and also identified the […]
Aug 22 2013 | Posted in
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Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new Asian Development Bank (ADB) report. In a special chapter of Key Indicators for Asia and the Pacific 2013, its flagship annual statistical publication, ADB emphasizes that manufacturing is essential to […]
Aug 21 2013 | Posted in
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The Pakistan International Airlines flight PK 1855 and 1856 Islamabad-Kashgar-Islamabad will operate every Wednesday by A310 aircraft with a capacity of 223 economy class seats and carrying 15 tons of cargo. On the initiatives being taken by Prime Minister Muhammad Nawaz Sharif on Pakistan-China economic coordination‚ the PIA has introduced the said flight to Kashgar […]
A four-member delegation comprising leadership of Malaysia’s premier Federal Land Development Authority (FELDA) arrived in Pakistan on Friday to explore avenues for furthering its business and investment in Pakistan. During the three-day visit, the delegation headed by Mr. Mohd Emir Malvani Abdullah, Group President/CEO of Felda Global Ventures Holdings Berhad, includes Dato’ Khairil Anuar Hj […]
The Federal Bureau of Revenue has restored the facility of zero-rating on various dairy products, including stationery items and bicycles along with their raw materials, packing materials, sub-components, components, sub-assemblies and assemblies, imported or purchased locally for manufacture of said goods. The FBR said the decision has been taken as per the directions of Federal […]
Speakers at a round table meeting on Pakistan-China Economic Cooperation have urged Pakistani government to accelerate its efforts to remove all concerns, obstacles and problems faced by Chinese companies in Pakistan. The meeting was arranged by Pakistan-China Institute (PCI) in capital Islamabad and was attended by PCI chairman Senator Mushahid Hussain Sayed, former prime minister […]
Iran has agreed to barter electricity supplies for wheat from Pakistan, Iranian Deputy Energy Minister Mohammad Behzad has said. Pakistan will send some 9 million U.S. dollars’ worth of wheat to Iran as part of its payment for electricity import from the Islamic republic, Behzad said. Although the Iranian Plant Protection Organization had said earlier […]
Continued tepid demand from the major industrial economies coupled with slower growth in China are weighing on the outlook for developing Asia, says a new Asian Development Bank (ADB) report. The latest Asian Development Outlook Supplement released Tuesday trimmed the 2013 growth forecast for the 45 developing member countries of ADB to 6.3% and cut its 2014 […]
The Federal Board of Revenue says that sales tax on old and used clothes has been reduced. The official spokesperson of the FBR was clarifying a news item appearing in a section of the press, which had stated that the govt has increased sales tax on used cloths. She stated that Sales Tax on old and […]
U.S. Overseas Private Investment Corporation (OPIC) President and CEO Elizabeth L. Littlefield is visiting Pakistan this week to meet with business leaders and government officials, and with U.S. companies investing in Pakistan. The OPIC delegation will also tour one of its investment projects, the Aga Khan Hospital and Medical Foundation in Karachi, which is known […]
The International Financial Rating Agency Moody’s says the newly agreed International Monetary Fund program with Pakistan will help improve the country’s economy and development. In its report‚ the rating agency says with the payment of two point one billion dollars installment of loan by Pakistan through IMF will help reduce budget deficit. It said the […]
Pakistan and IMF Thursday agreed for a 3-year programme of at least 5.3 billion dollars under the Extended Fund Facility. Officials said. Pakistan Finance Minister Ishaq Dar and Head of the IMF Mission Jeffrey Franks told a news conference in Islamabad they have agreed on 5.3 billion dollars loan facility but Pakistan has requested […]
