ISLAMABAD: Prime Minister Imran Khan has highlighted the need to formulate and adopt ‘long-term’ trade policies to significantly improve the country’s economic conditions. The premier insisted that Pakistan was struggling with economic challenges due to the absence of long-term policies. “China is progressing by adopting long-term strategies… now we are[...]

KARACHI: Recent data released by the State Bank of Pakistan (SBP) pointed to a record increase of foreign investment in treasury bills (T-bills) as it reached a new high of $712.8 million in the first four months of the current fiscal year. The government-backed securities have seemingly gained attraction for[...]

ISLAMABAD: Pakistan and Japan have the potential to double the figures of current bilateral trade and consequently improve their economic ties, said Japan’s Ambassador to Pakistan Kuninori Matsuda. The envoy said that the two countries are looking for increasing bilateral cooperation in agricultural-based industry and value addition, with Japan already[...]

ISLAMABAD: The government on Thursday announced to change in budget release process in a bid to increase the execution speed of development projects and schemes. The government, under these reforms, has decided to release 50% of the total annual allocations for development projects in the first half of this fiscal[...]

ISLAMABAD: Pakistan and China, in the latest meeting regarding the China-Pakistan Economic Corridor (CPEC), have agreed to shift the mega project’s focus from infrastructure development – barring the $9 billion Mainline-1 projects – to work on economic progression in future projects. Decisions to expand the CPEC scope to copper, gold,[...]

FAISALABAD: Faisalabad Industrial Estate Development and Management Company (FIEDMC) has allocated Rs2.5 billion for the development projects of M-3 Industrial City. A FIEDMC spokesman said that FIEDMC board during its meeting has decided to construct a road like Faisalabad Expressway from Sahianwala to Chiniot Road to provide easy access to[...]

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has appreciated the plan to revive 687 sick industrial units in 60 days, saying it is crucial to strengthen the industrial base for the revitalising of the economy and industrial growth. PIAF chairman Mian Nauman Kabir called for collaboration with the[...]

ISLAMABAD: The Balochistan government aims to modernise the dilapidated agriculture sector of the province by the provision of the latest equipment and techniques to cope with the water shortage in the province. The province has huge potential in the agro sector but water scarcity and prolonged drought had badly destroyed[...]

LAHORE – Chairman Pakistan Chemical Manufacturers Association (PCMA) Abrar Ahmed has said that the ongoing financial strain on the economy can be significantly aided by developing the chemical industry in the country. In his address to the 4th Annual General Meeting, the newly elected chairman pledged that he would create[...]

ISLAMABAD: In a meeting between German Ambassador to Pakistan Bernhard Stephan Schlagheck and Minister for Economic Affairs Hammad Azhar on Monday, it was agreed that Pakistan and Germany will work closely for the facilitation of the business community by establishment of joint ventures, promoting trade delegations and improving the transfer[...]