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SIFC paving way for foreign investments to boost economy

Special Investment Facilitation Council is paving the way for investments from different countries to improve the country’s economic situation. In this regard, Memorandums of Understanding (MoUs) have been signed between Pakistan and the United Arab Emirate aimed at enhancing bilateral cooperation. The UAE has expressed interest in investing in various sectors, including banking, mining, railways and infrastructure. A significant agreement between Pakistan Railways and the UAE’s Etihad Rail is expected to improve the railway network. The strategic partnership between Pakistan and the UAE will enhance cooperation in trade, investment and energy sectors. Pakistan, Uzbekistan set $1 billion trade target: Uzbek

US to invest billions of dollars in Pakistan’s diverse sectors

The United States intends to invest billions of dollars in Pakistan, across various sectors, including minerals, real estate, energy, technology and the artificial intelligence. This was stated by head of US investors’ delegation and billionaire investor, Gentry Beach, while talking to media in Islamabad. He said that US President Donald Trump believes in economic diplomacy and that’s why we are visiting Pakistan. Gentry Beach said initially we are investing in the critical minerals and the real estate sectors. He said we are going to build some of the luxurious properties in Pakistan. Gentry Beach said we are seeing global opportunities

Pakistan to be part of premium economic club of world G-20 by 2030: Dar

Deputy Prime Minister and Foreign Minister Ishaq Dar says Pakistan will be the part of premium economic club of the world G-20 by 2030 due to its enormous economic potential. Speaking at the Pakistan Business Council’s Dialogue on the Economy in Islamabad, he emphasized all stakeholders to work collectively for economic sovereignty of the country. He said that we have become 24th largest economy of the world and inflation has been declined from double digit to four percent. Highlighting the achievements at diplomatic fronts made by country during the present PML-N government, he said that Pakistan became the non-permanent member

In a significant move Afghan, Chinese officials inaugurate freight train

ISLAMABAD: Afghan and Chinese officials on Thursday re-launched the direct China-Afghanistan Freight Train Service in a significant move to boost trade and economic ties. Special envoy for Afghan affairs of the Chinese Foreign Ministry Dr Yue Xiaoyong, and Afghan Ambassador Bilal Karimi were also present on the occasion, according to officials of the two countries. “Together with Afghanistan Amb. #BilalKamiri# in Nantong, one of the BRI (Built and Road Initiative) hub cities, north of Shanghai, celebrating the relaunching of China-Afghanistan direct freight train service,” the Chinese special envoy wrote on X. “Happily delivered a congratulation message this morning 31/10/’24 on

Pakistan’s ‘Diplomatic Waltz’ with China

Pakistan and China have been “iron brothers” longer than many of us have been alive, a partnership so robust it could make even the most stoic neighbour glance over the fence with a glint of envy. As Premier Li Qiang hobnobs in Islamabad ahead of the Shanghai Cooperation Organization (SCO) summit, the stage is set for Pakistan to emerge as a power broker, not in Asia but far beyond. India’s complex dynamics with China add a twist to the tale and Islamabad might just dance its way into a more influential role. The Pakistan-China dynamic is the stuff of legends,

IMF approves seven billion dollars package for Pakistan

In a major development, the International Monetary Fund (IMF) Executive Board, during a meeting in Washington, has approved a $7 billion loan for Pakistan. This new financial support program is designed to span over 37 months, providing crucial relief to the country amidst its ongoing economic challenges. As per sources, Pakistan is likely to get $1 billion or $1.1 billion as the first instalment of the loan by September 30. After the approval of the loan program, the second installment will also be received in the same financial year, the sources added. Pakistani officials have confirmed that all preconditions for

Trump’s possible return could shake Latin American markets

The prospect of former President Donald Trump winning back the White House in November has investors bracing for several scenarios, with America’s backyard high on the list of markets to watch. The Trump administration has had close ties to much of Latin America, including over the distribution of COVID-19 vaccines and when the U.S. government withheld key economic aid in exchange for stricter immigration policies in Central America. Here are flashpoints identified by investors predicting how a potential second Trump administration could affect the region: A good neighbor Mexico has long been an emerging market beacon for US policy and

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