Islamabad: Pakistan’s first ever Petrochemical symposium took place in Islamabad. Speakers at this ground breaking symposium highlights the potential of this segment and urge the government to give a well thought out long term and transparent policy to attract utilize the mega investment in PetroChemical sector to create jobs and provide imports substitution to help…
Pakistan exports to the European Union (EU) have increased by 86% from 2013 to 2021 due to EU GSP Plus mutually beneficial agreement leading to exports increase for both Pakistan and EU. According to highlights of GSP Booklet, EU GSP Plus is a mutually beneficial arrangement leading to exports increase for both Pakistan and the…
Pakistan’s first petrochemical symposium will take place on Thursday at a local hotel in Islamabad to initiate a conversation and spark interest in Pakistan’s petrochemical industry to attract multi-billion dollars investment. The Overseas Investors Chamber of Commerce and Industries, Board of Investment, Pakistan Business Council, and Pakistan Chemical Manufacturers Association are supporting the event, which…
News Report Assistant U.S. Trade Representative (AUSTR) for South and Central Asia Christopher Wilson held a meeting with Pakistani businessmen to share ideas to boost bilateral trade relations. U.S. Embassy Islamabad Chargé d’affaires Angela P. Aggeler has hosted a roundtable in this regard. The purpose was to bring together leaders of major U.S. and Pakistani…
Prime Minister Imran Khan on Monday announced to reduce the price of petroleum products by Rs 10 per liter and Rs 5 per unit in electricity prices. In his address to the nation, the premier announced the good news. “In the Nawaz and Zardari era more than 400+ drones attacks were carried out, never they…
News Report The stock market of Pakistan opened on a negative note on the backdrop of the ongoing conflict between Russia and Ukraine and increased political noise, as the index declined to make an intraday low of 339 points (down by 0.77%). However, some recovery was observed in the latter hours of trade, as value…
A.Zee Lahore: Rohail Ikram, Chairman Pak-Uzbek Trade and Culture Centre is appointed as brand ambassador in Pakistan to promote tourism in Uzbekistan tourism, by the ministry of the tourism Republic of Uzbekistan. This appointment was announced by Taimur Mirzav, Advisor and deputy minister of tourism of Uzbekistan. A graceful celebration took place in Lahore at…
Ibn-e-Ameer Cabinet has allowed Economic Affairs Division (EAD) to sign agreements for rescheduling an $821 million loan with Saudi Arabia. This amount also includes $41.43 million interest on these two loans. Pakistan will sign two agreements for rescheduling loans-$878 million and $780.37 million. The government had negotiated and finalized two agreements with Saudi Arabia for…
Pakistan has created a fiscal space of US$4billion as a result of successful negotiations for rescheduling of agreements under the Debt Service Suspension Initiative (DSSI). The government has been trying to reschedule debt after the outbreak of Covid-19 to create fiscal space. Pakistan is currently facing record debt and the burden of repayment of loans….
Pakistan on Thursday extended the Defense Credit Line Facility of USD 50 Million to Sri Lanka to enhance bilateral defense and security cooperation. The Economic coordination committee (ECC) considered and gave principal approval on a summary Ministry of Defence Production presented for extending the Defence Credit Line Facility of USD 50 Million to Sri Lanka…