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Business

CPEC fully capable to change destiny of region: PM

ISLAMABAD -UNS – Prime Minister Nawaz Sharif has invited global entrepreneurs to invest in Pakistan and take advantage of its strategic location, rich human and material resources, political stability and attractive investment policy. He was addressing corporate and business leaders from around the world in Islamabad on Thursday. The Prime …

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15 projects of worth Rs 172.1 billion approved by CDWP

ISLAMABAD -UNS : The Central Development Working Party ( CDWP) approved four significant projects of worth Rs 142 billion which includes Kachi canal project, dualization & improvement of old Bannu road, dualization & improvement of Indus Highway (N-55), and integration of health services delivery with special focus on nutrition programme. …

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Bahrain may join CPEC

BY IFTIKHAR MASHWANI Pakistan has offered Bahrain to participate in China-Pakistan Economic Corridor (CPEC) and invest in hydropower plants and Thar coal power project in a joint ministerial session. The meeting was chaired by Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz and Bahrain’s Minister of Foreign Affairs …

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Hyundai to set up assembling plant in Pakistan

ISLAMABAD -UNS– In a major development in the auto industry today (Friday), Nishat Mills signed an agreement with Hyundai to set up an assembling plant in the country. Agreement has been signed between Nishat Mills and Hyundai Motor Company of South Korea and Sojitz Corporation Japan for negotiating and establishing …

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World Bank CEO gives thumbs-up to Pakistan’s economic growth

In her recent article, the Chief Executive Officer of World Bank Kristalina Georgieva has hailed the economic progress of Pakistan over the last few years. Recalling her recent visit to the country, the World Bank official was deeply impressed with the economic and security situations as she witnessed big changes …

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New Islamabad international airport will be operational in July 2017

BY IFTIKHAR MASHWANI ISLAMABAD : New Islamabad international airport will be operational in July 2017 and the Prime Minister Muhammad Nawaz Sharif will be inaugurate the airport in first week of July. According to Secretary Aviation Division Irfan Elahi, 95 per cent work on the airport terminal building had been completed …

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Govt reluctant to take measures for tracing $200 billion stashed by Pakistanis in Swiss banks

BY IFTIKHAR MASHWANI The federal government seems reluctant to take practical measures for tracing $200 billion stashed by Pakistanis in Swiss banks. About six months ago,Pakistan and Swiss governments had signed an accord pertaining to details of Pakistanis’ bank accounts in Swiss banks which was then approved by the federal …

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CPEC: Two coal power plants to be set up in bub, Thar

ISLAMABAD -UNS – Two coal fired power plants having capacity of 1650 MW will be set up in Hub, Balochistan and Thar, Sindh under China Pakistan Economic Corridor. Documents relating to Power Purchase Agreement and Implementation Agreement were signed in Islamabad today among China Power Hub Generation Company, HUBCO and …

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