LAHORE: Prime Minister Muhammad Shahbaz Sharif said Pakistan is the first country to implement the Digital Foreign Direct Investment (FDI) Initiative, launched by the World Economic Forum (WEF) and the Digital Cooperation Organisation (DCO). According to a spokesperson, the premier said Pakistan’s first Digital FDI project had been making significant efforts to identify targets and … Read more
The exchange rate shed 18 paisas to close at Rs225.82 against the dollar. The government’s stalled talks on ninth review have resulted in increased pressure. S&P Global cut Pakistan’s long-term sovereign credit rating by one notch to “CCC+”. KARACHI: The Pakistani rupee remained under pressure against the dollar on Monday owing to renewed concerns regarding … Read more
KARACHI: The Pakistani rupee further deteriorated against the dollar on Thursday as the country is going through one of its worst financial and political crises, dealers said. The exchange rate shed three paisas to close at Rs225.43 from the previous day’s closing of Rs225.40 against the dollar in the interbank foreign exchange market. Experts said … Read more
The food, fuel, and financial problems in Ukraine are projected to impact the economic climate this year. Global FDI recovered to pre-pandemic levels in 2021, reaching about $1.6 trillion. UNCTAD’s World Investment Report 2022 noted signs of deterioration already visible. The food, fuel, and financial problems precipitated by Russia’s war in Ukraine are projected … Read more
The proposals aim at promoting ease of doing business and documentation of the economy besides broadening the tax base and enhancing the revenue collection to match the economic potential of the country. Commenting on the proposals, OICCI President Ghias Khan said that the tax policies should be predictable, transparent, and consistent. The policies should be … Read more
KARACHI: The total foreign direct investment (FDI) into Pakistan has posted an increase of 6.1 per cent to $1.26 billion during the first eight months (July–February) of fiscal year 2021/22, the State Bank of Pakistan (SBP) said on Friday. The flow of FDI was $1.19 billion in the corresponding period of the last fiscal year. … Read more
KARACHI: As Pakistan received $18 billion in remittances during the first seven months of FY22, experts and economists believe the country is likely to manage its widening current account deficit, if the trend persists. However, they said Pakistan needs to curtail its swelling import bill, boost its exports and attract foreign direct investment (FDI) to … Read more
KARACHI: A majority of respondents in the Overseas Investors Chamber of Commerce and Industry (OICCI) survey, indicated that it takes 1 to 3 years to resolve a standard intellectual property rights (IPR) dispute. The OICCI has announced the key findings of its latest IPR survey 2021 where 37 per cent of the respondents indicated that … Read more
BEIJING: Foreign direct investment (FDI) into the Chinese mainland, in actual use, topped the 1-trillion-yuan ($156.85 billion) mark in the first 11 months of 2021, surpassing the whole-year FDI in 2020 and affirming China’s continued dominance as the top investment destination globally. Notably, FDI into the services industry accounted for about 80 per cent of … Read more
KARACHI: A global investment summit is being held in March 2022 and the people will get good news of receiving foreign direct investment (FDI) in two months, an official said. The importance of technology exchange was highlighted after the Covid-19 pandemic. In this regard, a policy on technology exchange is being formulated, which is expected … Read more
KARACHI: The inflows of foreign direct investment (FDI) into Pakistan has increased 12.3 per cent to $798 million during the first five months (July-November) of the fiscal year 2021/22, the State Bank of Pakistan (SBP) reported on Friday. The FDI during the same months of the last year stood at $710 million, according to the … Read more
DUBAI: Karachi, Pakistan’s busiest business hub has a massive investment potential for the UAE and GCC countries. It has the potential to boost the bilateral trade, investment and tourism between the UAE and Pakistan. This was the crux of speeches at the Sindh Investment Conference held in Dubai on Tuesday December 14, 2021. The conference … Read more
KARACHI: The inflows of foreign direct investment (FDI) has declined 20.3 per cent during the first two months of the current fiscal year, according to the data released by the State Bank of Pakistan (SBP) on Friday. The FDI inflows declined to $203 million during July–August of the current fiscal year, compared with $254.8 million … Read more
ISLAMABAD: The government would take exports to record levels by 2023 with the provision of a better business environment for the industrial sector in the country, a senior government official said. Addressing the launching ceremony of the 7th Reform Action Plan, organised by the Board of Investment (BoI), Adviser to the Prime Minister for Commerce … Read more
Airlift has recently announced an $85 million Series B financing, which is backed by some of the renowned investors around the globe. This is the largest private funding round in the history of Pakistan, according to the data revealed by Invest2Innovate. $85 million Series B financing of the Airlift in Pakistan marks the largest in … Read more
WASHINGTON: Global economic decoupling from China is simply not happening, considering the momentum of foreign direct investment (FDI) inflowing into the country, the Financial Times has reported. In some critical dimensions, China‘s integration into the global economy continues to deepen, wrote John Plender, in an opinion piece published Sunday, referring to earlier findings from Nicholas … Read more
KARACHI: Foreign companies have repatriated $1.62 billion as profit and dividends during the fiscal year 2020/21, according to the data released by the central bank on Wednesday. The repatriation of profit and dividends during FY21 is 20.5 per cent higher, compared with $1.34 billion in the preceding fiscal year, the State Bank of Pakistan data … Read more
