Tag: Foreign investment
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Pakistan experiences highest dollar outflow since FY18 amid economic adjustments
Pakistan, grappling with a shortage of US dollars, has seen a significant outflow of foreign exchange as international investors repatriated dividends and profits at unprecedented levels. In fiscal year 2024 (FY24), foreign investors withdrew $2.2 billion, the highest outflow since the $2.3 billion withdrawn six years ago. This surge, representing a dramatic 569.2 per cent…
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Pakistan working to secure foreign investment and extend existing loans: Finance Minister
Pakistan is working to secure foreign investment and extend existing loans to meet its external financing needs, as it prepares to implement a new $7 billion deal with the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb shared these plans with Reuters on Friday.
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Budget 2024-25: Pakistan Stock Exchange proposes tax reforms for economic growth
Pakistan Stock Exchange has forwarded a series of significant tax proposals to both the Ministry of Finance and Federal Board of Revenue.
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UAE pledges $10 billion investment in Pakistan’s key economic sectors
The United Arab Emirates (UAE) has pledged $10 billion for investment in promising economic sectors in Pakistan.
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Business community finds hope as COAS Munir vows to tackle corruption and boost investment
Highlighting a pivotal development, General Munir disclosed that Saudi Crown Prince Mohammad Bin Salman had committed to depositing $10 billion of this investment in the State Bank of Pakistan (SBP), to be reimbursed in Pakistani rupees or goods, thereby bolstering foreign exchange reserves.
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Pakistan seeks economic stability through multi-billion dollar Gulf investments
Discover Pakistan’s strategic negotiations with Gulf nations to attract multi-billion dollar investments, aiming to achieve economic stability by diversifying its economy and forging strong bilateral partnerships.
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PM Shehbaz urges Turkish business community to boost investments in Pakistan
Prime Minister (PM) Shehbaz Sharif, amid increasing debt burden and declining foreign exchange reserves, has invited Turkish investors and businessmen to expand their investments in different sectors of Pakistan. The premier is currently in Ankara on a two-day official visit to attend the inauguration ceremony of President Recep Tayyip Erdogan.
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Khunjerab Pass reopens to boost bilateral trade between Pakistan and China
In a press release issued by the PM Office Media Wing, Prime Minister Muhammad Shehbaz Sharif expressed his pleasure over the reopening of the Khunjerab Pass on Sunday. He stated that this development would help to increase bilateral trade between Pakistan and China, and described it as a welcome occasion for boosting trade with “Iron…
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Qatar to invest $3 billion in Pakistan following PM Shehbaz Sharif’s official visit
The state-owned investment fund of Qatar plans to invest $3 billion in Pakistan, an official statement from the office of Qatari Emir Sheikh Tamim bin Hamad al-Thani said on Wednesday, August 24. The administrative office of Qatar’s emir released the statement as Prime Minister (PM) Shehbaz Sharif held official talks with Tamim bin Hamad al-Thani…