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Articles for tag: arrive, billion, Investment, Saudi

November 16, 2023

News Desk

Saudi investment of $10 billion will arrive soon

Saudi Crown Prince Mohammed bin Salman. PHOTO: REUTERS KARACHI, PAKISTAN: Acting Federal Minister for Power, Energy and Petroleum Mohammad Ali said that Pakistan is actively working with Saudi Arabia for potential investments of around $10 billion in the oil refining sector, believing that their efforts will bear fruit in a few months. Speaking to the media on the sidelines of ‘The Future Summit – The Big Picture’ on Wednesday, the minister rejected the impression that there were just talks and nothing concrete would come of it. “You will see (significant) progress within one to two months,” he said. Denying the

November 15, 2023

News Desk

War in Gaza will delay $70 billion in investment

Islamabad: Pakistan said on Tuesday that its Special Investment Facilitation Council (SIFC) hopes for a $70 billion investment were backed by foreign assurances, but acknowledged that those deals would take time due to geopolitical and trade reasons. Jahanzeb Khan, Secretary of the SIFC summit committee, also revealed that financial advisers had finalized the valuation of the Reko Diq copper and gold mines and discussions with Saudi Arabia on the details of its investment in the project would take place soon. “The $70 billion is not an abstract figure as it has been backed by assurances from other countries,” said Khan,

November 8, 2023

News Desk

Pakistan is considering $600 million in Chinese loans

Islamabad: Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a large financing gap and is also betting on the successful completion of International Monetary Fund (IMF) talks to improve its creditworthiness for borrowing from non-Chinese foreign banks. Sources told The Express Tribune that the federal government was in negotiations with Industrial and Commercial Bank of China (ICBC) and Bank of China for a total loan of $600 million. Each bank has been approached for $300 million in financing. Negotiations are at an advanced stage and the loans are expected to be received by next

October 31, 2023

News Desk

The investment treaty gets the green light

Islamabad: An executive committee of the Special Investment Facilitation Council (SIFC) has given the green light to negotiate a Bilateral Investment Treaty (BIT) with Saudi Arabia aimed at addressing the kingdom’s concerns that it wants international arbitration in case of an investment dispute. The investment treaty with Saudi Arabia and Qatar will be annexed to the free trade agreement (FTA) between Pakistan and the Gulf Cooperation Council (GCC), highly placed sources told The Express Tribune. Pakistan and Saudi Arabia signed the preliminary FTA late last month but postponed signing the final FTA pending agreement on the BIT, sources said. The

October 30, 2023

News Desk

SIFC directs Petroleum Directorate to remove obstacles to investment in Qatar LNG terminal

Caretaker Prime Minister Anwaar-ul-Haq Kakar presides over a meeting of the SIFC at the Prime Minister’s House. — PID/File The PD demanded that all issues be resolved to pave the way for investment in Qatar. Investments have been pending for the past five years due to red tape. Secretary of the Petroleum Department personally trying to resolve all issues. Islamabad: The Special Investment Facilitation Council (SIFC) has directed the Petroleum Directorate to remove obstacles to Qatar’s $200 million investment in an LNG terminal, it said The news on Friday citing sources. “Energas plans to build the LNG terminal with Regas

April 26, 2023

The Pakistan Daily

SAPM, UK Envoy discuss ways to enhance trade, investment

Special Assistant to the Prime Minister Jawad Sohrab Malik met with High Commissioner to the British High Commission Andrew Dalgleish and Deputy Director, Department for International Trade, Hamed Kamal and discussed measures to enhance trade and investment relations between Pakistan and the United Kingdom. During the meeting, the Special Assistant highlighted the prospects of creating a business-friendly environment in Pakistan to attract more investment in the country. He emphasized the need for tangible measures to facilitate foreign direct investment from the UK, including the creation of a mechanism for prompt redress of legitimate concerns. Matters related to UK Pakistani diaspora

November 15, 2022

The Pakistan Daily

سفیر برائے لارج انوسٹمنٹ ذیشان شاہ کا دورہ امریکہ

حکومت پاکستان کے سفیر برائے لارج انوسٹمنٹ ذیشان شاہ امریکہ کے خصوصی دورے پر ہیں جس میں وہ امریکہ کی مختلف ریاستوں کا دورہ کر کے پاکستانی بزنس مینوں کے علاوہ دیگر کمپنیوں کے نمائندوں سے ملاقات اور سمینارز میں شرکت کر رہے ہیں. انہوں نے اوپن سلی کون ویلی کے زیراہتمامSanta Clara conversation centerمیں اوپن فورم 2022 میں خصوصی شرکت کی جس میں امریکہ بھر سے مخلف کمپنیوں کے نمائندوں نے شرکت کی پاکستان میں سرمایہ کاری اور پاکستان میں سرمایہ کاری کے لیے فنڈ اور آفات کی روک تھام سے مختلف سیشن میں خصوصی شرکت کئ جس سے

August 3, 2022

The Pakistan Daily

Omani investors express keen in investment in Pakistan’s Railway Infrastructure Development & Power projects

Omani investors have shown keen interest in investment in Railway Infrastructure Development and Power projects in Pakistan. A delegation of Omani investors, led by Chairman, Al Anwar Asian Investments, Dr. Anwar Al Balushi, called on Minister for Board of Investment Chaudhary Salik Hussain in Islamabad, and briefed him about their possible investment. The delegation showed interest in construction of 1,087 kilometre long rail track from Gwadar to Jacobabad. He also offered loan financing for undertaking other projects in Pakistan. The Minister for Board of Investment assured full support and cooperation to the Omani investors to facilitate and expedite the process

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