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April 19, 2019

PABA Celebrates Over Three Decades of Success

Pakistan American Business Association (PABA) is celebrating its 32nd anniversary this year. The Virginia-based not-for-profit business organization was formed to provide necessary guidance to new business start-ups, particularly to those immigrants who were new to this country and had a little knowledge about how the system works here. Over the years, PABA has transformed into […]

Canadian Chamber of Commerce Seeks Ties with Pakistan Chambers

Mr. Rocco Rossi, the President of Ontario Chamber of Commerce that represents more than 60,000 big and small businesses, met with Pakistan’s Commerce Minister Pervaiz Malik and discussed areas to boost business ties and enhance interaction between business entities of the two countries. The Pakistani minister is visiting Canada to highlight business opportunities in Pakistan […]

European Investment Bank exploring Pakistan’s Energy Sector

European Investment Bank, the world’s largest multilateral borrower and lender, is exploring opportunities in Pakistan’s energy sector as the South Asia’s second biggest economy struggles to boost energy supplies to meet rising domestic and commercial demand. In a meeting held in Islamabad, Pakistan’s Power Minister Sardar Awais Ahmed Khan Leghari and EU Ambassador Jean Francois […]

Pakistan’s Economy Expected to grow 5.6% in 2017-18

Pakistan’s economy is expected to grow by 5.6 percent in the current fiscal year that will go through June, 2018, but the country still face important near-term challenges it must overcome to preserve its hard-earned macroeconomic stability. An International Monetary Fund (IMF) held the first post-program monitoring discussion since South Asia’s second biggest economy successfully […]

Pakistani Rupee Depreciates After IMF Talks

Pakistani rupee took a plunge this weekend amid reports of a policy decision during ongoing talks with the IMF to allow the currency to adjust to market conditions. The Pakistani currency touched the lowest mark of 110 rupees to a US dollar during trading on Dec.8 before stabilizing at 107, media reports said. A senior […]

French Carmaker Renault Makes Entry into Pakistan Industry

French carmaker Renault is the new entrant in Pakistan’s growing auto market that was long dominated by Japanese manufactures for decades. The French company recently signed an agreement with a local partner to assemble Renault cars in Pakistan. The new state of the art car plant will be built in Karachi, the country’s economic hub, […]