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LAHORE: German Ambassador to Pakistan Martin Kobler on Friday said his country’s giant companies were interested to invest in diverse fields especially Information Technology and auto manufacturing. “German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan,” he said during a meeting with Special Assistant to Prime...
Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance minister says ‘PM trusts me’; info, revenue ministers say PM confident of FM’s capabilities ISLAMABAD: Amid clarifications and rebuttals from the Prime Minister’s Office regarding the rumoured...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched an awareness campaign about the business model of modaraba and modaraba management companies regulated by it, its salient features, recent initiatives and the performance of the modaraba sector to attract prospective investors to float new modarabas and to...
ISLAMABAD: After the refusal of China to provide balance of payment (BoP) support to Pakistan, the country is said to be negotiating $2 billion worth of commercial loans with Beijing. According to well-informed sources, a technical team of the State Bank of Pakistan and Finance Ministry paid a visit to China...
ISLAMABAD: Finance Minister Asad Umar on Wednesday refuted the rumours of his resignation from the post. Talking to a private TV channel, Finance Minister Asad Umar said such rumours are a part of the “propaganda against Pakistan Tehreek-e-Insaf (PTI) government”. He also said that Prime Minister Imran Khan has asked him to...
Many Swiss companies are doing good business in Pakistan and more are interested to explore Pakistan for partnerships and investment as they consider Pakistan a potential market for business activities. These views were expressed by Bernhard Furger, Deputy Head of Mission, Switzerland Embassy during an interaction with the local business...
KARACHI: The rupee staged a modest recovery of around 1% or Rs1.87 against the dollar in the inter-bank market on Monday, closing at Rs137.84, said the State Bank of Pakistan. According to a banker who declined to be named said the rupee had nosedived against the dollar on Friday due to...