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December 9, 2018

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, […]

US Funds Training of Pakistani Policemen

The US Embassy’s International Narcotics and Law Enforcement (INL) Section recently funded a comprehensive training course to train some 30 Pakistani policemen in dealing with life-saving medical care skills. The four-week tactical emergency medical training course, followed by a two-week Master Trainer course was held at the Jakarta Center for Law Enforcement Cooperation in Indonesia. […]

Pakistani IT Companies Making Inroads in World Market

IT companies in Pakistan, South Asia’s second biggest economy, are making their presence felt in the international market through their mobile applications and gaming apps. Several Pakistani IT companies are already working for many multi-national companies around the world. Pakistan’s Software Export Board is helping new and existing players to in creating constructive and conceptual […]