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November 17, 2018

Investment News

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 […]

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, […]

Pakistan’s Economy is Now Worth $300 Billions

Pakistan’s economy has reached a record size of $300 billion and the future forecast is favorable. The South Asia’s second biggest economy grew by 5.3 percent in the fiscal year that ended June 30, 2017 and is on course to even high growth rate according to international financial institutions, including the IMF. A recent country […]

ADB to Provide $300 Million Loan to Improve Public Sector Enterprises

The Asian Development Bank (ABD) will provide a loan of $300 million to Pakistan to help the government improve the performance of public sector enterprises which are causing loss of billions of rupees to the national exchequer. The loan agreement signed recently in Islamabad will cover the second phase of the Public Sector Enterprises Reform […]

Pakistan’s Commerce Ministry Seeking Permission For 0.6 MMT Sugar Export

Pakistan’s Commerce Ministry is seeking permission to export another 0.6 million tons of surplus sugar, taking the total to over a million ton in 2017, after expectations of another bumper crop in 2017/2018 marketing year. Pakistan in the current crop year allowed 0.425 million metric tons for exports, and 0.348 MMT of sweetener has already […]

E-Commerce Giant Alibaba Comes to Pakistan

The entry of Chinese e-commerce giant Alibaba’s entry into Pakistan is likely to give a major boost to exports by small and medium-sized companies, which find it difficult to compete with big companies for share in the global export market. An MoU signed between Alibaba and the official Pakistan Trade Development Authority will be major […]