Category Archives: Business

WB Provides $3.8 Mln For Forest Protection

ISLAMABAD, Aug 16 (APP): World Bank has provided funds amounting to $3.8 million under the REDD+ programme to Pakistan to protect forests and controlling their shrinkage. “We cannot protect the country from devastating impacts of global warming-induced climate change, as long as our forests continue

Tea Import Increases 2.13% During Last Year

ISLAMABAD, Aug 16 (APP): Tea import increased by 2.13 percent during the financial year ended on June 30,2016 as compared to the imports of the corresponding period of last year. About 197,158 metric ton of tea worth US$ 523.929 million imported to fulfill the domestic

Pakistan May Soon Be Ineligible For World Bank Loans

ISLAMABAD: In an emerging development, Pakistan may soon become ineligible for financial assistance from one of the two main arms of the World Bank Group – the International Bank for Reconstruction and Development (IBRD), as the country’s official foreign currency reserves are rapidly getting slimmer. One


Investors Agree To Pour Rs225b Into Housing, Hotel Projects

KARACHI: Foreign and local investors have agreed to inject Rs225 billion into the real estate market of Pakistan keeping in view the growing demand for houses and hotels in the country. Pakistan, which is home to around 200 million people, is facing a shortage of about


LNG Exporter Petronas Looking At Pakistan, India Markets

KUALA LUMPUR: Malaysian state energy company Petroliam Nasional Berhad expects the global liquefied natural gas (LNG) market to remain oversupplied until as late as 2023, its chief executive said on Tuesday. Rising LNG production over the last two years, mainly from Australia and the United States,

Pakistan Starts Assembling Chinese Passenger Car

KARACHI: The first Chinese passenger car is now being produced in Pakistan, a market that is currently dominated by three Japanese carmakers. Al-Haj Faw Motors (Private) Limited, a collaboration between Faw China and a commercial importer of heavy vehicles Al-Haj Motors, has started assembling Faw V2,

Pakistan, China Sign Documents To Enhance Bilateral Cooperation

ISLAMABAD, Aug 14 (APP): Pakistan and China on Sunday signed different documents to enhance bilateral cooperation in the fields of education and infrastructure development. The documents were signed at the PM House in a ceremony during the visit of Chinese Vice Premier Wang Yang here.

Exports To Russia Increases By 10 Percent In Three Months

ISLAMABAD : Pakistan’s exports to Russia increased by 10 percent in June, 2017 as compared to May 2017, which showed positive sign for enhancing the trade ties between the two countries. Pakistan and Russia have agreed to sign Free Trade Agreement for increasing bilateral trade

Pakistan’s Economic Growth Impresses Korean Companies’

LAHORE: Economic growth of Pakistan has impressed Korean companies and they are eager to establish and develop their business operations here in collaboration with their Pakistani counterparts. These views were expressed by Speaker of South Korean National Assembly Chung Sye Kyun while speaking at the