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June 25, 2019

Investment News

Pakistani Businessmen Invited to Select USA Investment Summit

The U.S. government has invited Pakistani business community to participate in Select USA Investment Summit being held in Washington D.C. from June 18 to 20. The Commercial Counselor of the U.S. Embassy in Pakistan, Steve Knode visited Islamabad Chamber of Commerce this week to extend the invitation for the summit, which brings the diversity of […]

Car sales in Pakistan soar to record high

Car sales in Pakistan rose to a record high in the last fiscal year, and the trend is likely to pick up pace as new players plan to enter the market of 200 million people. As many as 218,0000 passengers cars were sold in Pakistan in the fiscal year that ended on June 30, 2016 […]

World Bank CEO Acknowledges Growth Momentum in Pakistan

The World Bank’s CEO Kristalina Georgieva is in Pakistan on the first leg of her first country visits to South Asia and received an update on the country’s economy which has shown remarkable turnaround in recent years. In a meeting with Finance Minister Ishaq Dar, she said that in view of the momentum in growth […]

Pakistani Expatriates Send 6.2 billion in Remittances During July-Oct

Pakistanis expatriates sent $6.2 billion back home in remittances during the first four months of the 2016-17 fiscal year, according to the State Bank of Pakistan,  posting a slight decline when compared  with the same period last year. During July-October, 2015, overseas Pakistani workers remitted $6.5 billion. During October 2016, the inflow of worker’s remittances […]

Pakistan to Allow Duty-Free Import of 5 Million Cotton Bales

Pakistan’s Prime Minister Nawaz Sharif has directed the Commerce Ministry to make arrangement for duty-free import of 5 million cotton bales, as low production of staple hits the country’s exports. Pakistan, the world’s fourth biggest cotton producer, is facing sharp decline in cotton production in 2116/17 crop year as farmers switch more profitable crops. The […]

World Bank Raises Oil Prices Forecast to $43 per Barrel on Strong Demand

Robust demand and supply outages pushed the World Bank to raise its 2016 forecast for crude oil prices to $43 per barrel from $41 barrel, but overall energy prices are expected to fall in the year. Disruption to supply, particularly caused by wildfire in Canada and sabotage of oil infrastructure in another major oil producer, […]