Tue, 21-Oct-2025

PM, CEO Qatar Investment Authority discuss investment opportunities

PM
  • During the meeting, both highlighted investment opportunities.
  • QIA expressed a keen interest in investing in LNG power plants.
  • PM invited Qatari investors to take advantage investment policies.

DOHA: Chief Executive Officer (CEO) of Qatar Investment Authority Mansoor Ebrahim Al-Mahmoud called on Prime Minister Shehbaz Sharif here on Sunday to exchange views on progress made on various investment proposals in multiple sectors of Pakistan’s economy.

During the meeting, Al-Mahmoud and Prime Minister Sharif highlighted investment opportunities in the energy and infrastructure sectors of Pakistan.

It may be recalled that a detailed discussion had been initiated between the two sides during the Prime Minister’s visit to Qatar in August 2022.

The Qatar Investment Authority has expressed a keen interest in investing in LNG power plants, airports, and solar power parks in Pakistan.

Al-Mahmoud also concurred with the prime minister regarding the importance of bilateral trade and investment between Qatar and Pakistan while expressing his desire to strengthen their bilateral economic ties.

Prime Minister Sharif thanked Al-Mahmoud for his interest in enhancing cooperation with Pakistan in the economic sphere and invited Qatari investors to take advantage of the investment-friendly policies of the Pakistani government.

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DRAP all set to digitize its systems by end of 2023

DRAP all
  • This was stated by DRAP CEO Asim Rauf.
  • DRAP  fully committed to modernize entire system.
  • Manufacturers should  establish drug testing systems.

KARACHI: Drug Regulatory Authority of Pakistan (DRAP) is all set to digitize its entire systems by the end of the current year to ensure hassle-free approval and registration of new medicines in the country as per the international best pharmaceutical practices.

This was stated by DRAP Chief Executive Officer, Asim Rauf while meeting the Karachi-based drug producers at a meeting organized by the South Zone of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA).

Rauf told the drug manufacturers that digitization of the DRAP was one step forward towards modernization of the pharmaceutical sector of the country as per international standards.

He said the automation would be adopted to such an extent that medicine producers wouldn’t be required to physically visit the DRAP offices not even once for getting necessary approvals for pharmaceutical products in the country.

He told participants of the meeting that DRAP was fully committed to the cause of modernizing entire systems of drug production as per the latest international standards for enhancing exports of medicines from the country.

He urged all the medicine manufacturers in the country to establish drug testing systems and hire qualified human resources in the requisite number to meet international drug production standards.

Rauf said that the decades-old obsolete drug inspection system was gradually being done away with and in its place, a risk-based auditing regime for drug industries was being introduced by the DRAP to uphold the honor and dignity of the medicine producers.

He urged the large producers of medicines that already have obtained the necessary international accreditations to help other drug manufacturers in the country to meet the same global standards for enhancing medicinal exports from Pakistan.

He told the audience that the DRAP had recommended to the government to deal in the Chinese currency RMB for the import of raw materials for drug production and medical devices for uninterrupted pharmaceutical production in the country.

The DRAP chief offered to the drug manufacturers to meet after every six months to review the process of removing bottlenecks for enhancing pharmaceutical exports from Pakistan.

PPMA Chairman, Syed Farooq Bukhari said that pharmaceutical exports from Pakistan stood at around US $ 280 million a year.

He said the PPMA had been making efforts to enhance it to $10 billion in the coming few years to become one percent of the global pharmaceutical export market.

He said the PPMA would fully support the policy decisions of the government to increase exports of medicines from the country so that the drug producers could play an important role in reversing the economic downturn.

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Federal Parliamentary Secretary visits Pakistan Steel Mill

Federal Parliamentary
  • Dr. Shahida Rahmani took updated status of revival of PSM.
  • CEO PSM Dr. Saifuddin Junejo briefed Shahida Rehmani.
  • Govt is committed to reviving Pakistan Steel Mill.

Karachi: Federal Parliamentary Secretary, Industries & Production Dr. Shahida Rahmani visited Pakistan Steel Mill on Thursday for taking updated status of revival of Pakistan Steel Mill and chaired important meeting.

The Chief executive Officer of Pakistan Steel Mill, Dr. Saifuddin Junejo apprised Parliamentary Secretary regarding present issues of Pakistan Steel Mill, its revival and steps taken its revival.

The CEO Pakistan Steel Mill, Dr. Saifuddin Junejo while briefing the Parliamentary Secretary informed that the existing strength of Pakistan Steel Mill is 3,293 manpower, out of which 03 officers and 589 staff/workers are in security department. He further informed that 5282 staff have been retrenched from their jobs.

Dr. Shahida Rahmani chairing the meeting said that how unfortunate was to see the present situation of Pakistan Steel Mill; the situation would have been different if Rs. 20 billion requested by PSM had been provided in 1st stage in the Financial year 2009-10 for its revival. She further directed to increase the security of Pakistan Steel Mill and said that the security staff of 589 is insufficient to secure the area of 19000 acres land.

The Parliamentary Secretary said that the government is committed to reviving Pakistan Steel Mill as soon as possible and the companies of China have shown their interest and we are hopeful that Pakistan Steel Mill will start its production soon.

 

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Enjoying my stay in Pakistan, says Nick Hockley

pakistan

Nick Hockley, the Chief Executive Officer (CEO) of Cricket Australia (CA), said he is enjoying his time in Pakistan as the three-match Test series against Pakistan began on Friday. According to the CA official, Pakistan is a welcoming country, and the current visit will help repair the relationship between the two cricket boards. “Today is … Read more

Australian tour, historic day for Pakistan cricket: PCB

pcb

ISLAMABAD: Pakistan Cricket Board (PCB) Chief Executive Officer (CEO) Faisal Hasnain on Friday termed the Australian team touring Pakistan after a gap of 24 years and playing the first Test at Pindi Stadium, Rawalpindi, as a historic day for Pakistan cricket, saying the cricket fans have waited for two decades to see the Kangaroos and … Read more

Engro Corporation sets up trading subsidiary in UAE

engro

KARACHI: Engro Corporation has commenced office operations of its wholly owned subsidiary, Engro Eximp FZE, in the Jebel Ali Free Zone, Emirate of Dubai, a statement said on Monday. Engro Eximp FZE will explore potential trading opportunities in the energy, fertilizers, petrochemicals and food & agriculture sectors. Engro Corporation President and Chief Executive Officer Ghias … Read more

Deadly tobacco

tobacco

KARACHI: The tobacco industry in Pakistan enjoys a thriving customer base, currently comprising at least 24 million active tobacco users in the country, Bol News has learnt. According to a study titled ‘The Huge Economic Cost of Tobacco-Induced Diseases in Pakistan’, conducted by the Pakistan Institute of Development Economics (PIDE), the total costs attributable to … Read more

Star players’ snub of PSL raises concerns for PCB

psl

Lahore: The seventh edition of the Pakistan Super League (PSL) is reaching the end of the first stage where three teams have already qualified for the playoffs and one out of Islamabad United or Quetta Gladiators will complete the last-four lineup. The competition is becoming the first in the post-Covid-19 era that is being completed without … Read more

Fighting from the front

Muhammad Ali Afzal

LAHORE : High taxes and unstable exchange rate are the key challenges and the government is focusing only on large-scale manufacturing and that too the textile sector, said Muhammad Ali Afzal, chief executive officer of Afzal Sons. Afzal Sons is a multi-million-dollar enterprise, dealing in imports and supply of industrial equipment, hardware and tools. Afzal … Read more

Building stone by stone

stone

LAHORE: Government should strengthen and support Pakistan Stone Development Company (PASDEC), a state-owned entity, in facilitating stone sector to reap maximum benefits from existing natural resources, said Khadim Hussain, chief executive officer of Hussain Trading Company. “Pakistan has abundance of natural resources. PASDEC has so far done a good job despite having limited resources. There … Read more

Deutsche Bank records biggest profit in a decade

deutsche bank

FRANKFURT: Germany’s largest lender Deutsche Bank on Thursday announced it had booked its highest profit in 10 years, driven by its investment arm after a difficult period of restructuring. In 2021, Deutsche Bank recorded a €1.9 billion ($2.1 billion) net profit, having posted a more slender €100 million margin in 2020, as the world economy … Read more

Kicking the tyres

Awais Saeed Piracha

LAHORE: Volatile exchange rate and illicit trade are major challenges for legal businesses both in the manufacturing, as well as trade/import sector, said Awais Saeed Piracha, chief executive officer of Trinity Enterprises, a major importer of variety of tyres from two- to four-wheelers to trucks, buses and industrial and agricultural machinery. “We give 80 to … Read more

Qatar to hold Deaf ICC T-20 Champions Trophy 2022, says CEO DICC Zahir ud Din Babar

deaf

LAHORE: Pakistan’s Chief Executive Officer of the Deaf International Cricket Council, Zahir-ud-Din Babar has said that a new era in deaf cricket will begin in Qatar with the holding of the Deaf ICC T20 Champions Trophy 2022 from March 14 to 26 at West Park International Cricket Stadium, Doha. He said this while addressing a … Read more

Veon Group vows to support Digital Pakistan vision

Veon Group

LAHORE: Kaan Terzioğlu, chief executive officer of VEON Group called on Prime Minister Imran Khan and reiterated the group’s full support towards the government’s #DigitalPakistan agenda, a statement said. VEON, a leading global provider of connectivity and internet services, is embarking on a journey to be a world-leading digital operator with over 213.8 million subscribers … Read more

PSX holds gong ceremony for onboarding PKIC

PSX

KARACHI: The Pak-Kuwait Investment Company (PKIC) has been added to the list of market makers for debt securities at the Pakistan Stock Exchange (PSX) and an agreement to this effect was signed on Tuesday. PSX managing director and chief executive officer Farrukh H Khan and PKIC managing director Mubashar Maqbool signed the agreement. A gong … Read more

Sheikh Muhammad Ibrahim: A humble heart

Sheikh Muhammad Ibrahim: A humble heart

Serving as the chief executive officer of Cannon Foam Industries, one of the leading foam manufacturers in Pakistan, Sheikh Muhammad Ibrahim has graduated from the Forman Christian College, a Chartered University. Set up with the seed money of Rs12.5 million that also included working capital of just Rs2.5 million almost 25 years ago, Cannon is … Read more

Uninterrupted power supply to be provided during Eid-ul-Adha

Uninterrupted power supply to be provided during Eid-ul-Adha

Shahid Iqbal Chaudhry, Chief Executive Officer of Islamabad Electric Supply Company (IESCO) has announced that uninterrupted power supply will be provided throughout the region during Eid-ul-Adha holidays. According to details, CEO of the company, Shahid Iqbal Chaudhry while talking about loadshedding in a statement said that power transmission from more than 1100 feeders, 103 grid … Read more

Arshad Malik to remain PIA CEO on three-year contract basis

Arshad Malik to remain PIA CEO on three-year contract basis

The Federal Cabinet has approved the appointment of Air Marshal Arshad Malik as a Chief Executive Officer (CEO) of Pakistan International Airlines (PIA), on a three-year contract basis. According to the details, a cabinet meeting was held in Islamabad under the chairmanship of Prime Minister Imran Khan, in which the overall economic and political situation … Read more

Trump wants Apple to help assemble U.S’s 5G network

Trump wants Apple to help assemble U.S's 5G network

U.S. President Donald Trump said on Thursday that he had asked Apple Inc Chief Executive Officer Tim Cook to look into helping develop telecommunications infrastructure for 5G wireless networks in the United States. “They have it all – Money, Technology, Vision & Cook!” Trump tweeted, without elaborating on how he expects the iPhone maker to … Read more

Govt should make policy to boost Small and Medium Enterprises: FPCCI

Federation of Pakistan Chambers of Commerce and Industry

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday demanded of the government to formulate a new and modern policy to boost the important sector of Small and Medium Enterprises (SMEs). It also asked the government to appoint a competent and well-versed Chief Executive Officer of Small and Medium Enterprises Development Authority … Read more