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Articles for tag: agrees, apply, Azerbaijan, business development, corporate relationships, economic cooperation, Investment Opportunities, joint venture, Pakistan, PTA

January 25, 2025

News Desk

Pakistan, Azerbaijan agrees to apply PTA

Listen to the article Islamabad: The eighth Pakistani-Azerbaijan Committee’s Eighth Council ended in Islamabad on Friday, where the two sides confirmed their commitments in basic areas and called for supporting cooperation in areas such as energy, trade, defense and agriculture. The meeting was co -chaired by Federal Defense Minister Khawaja Muhammad Asif and Defense Minister for the Vugar Valeh Oglu Mustafayev defense industry. Both sides agreed to implement Azerbaijan-Pakistan’s preferential trade agreement (PTA) signed in July 2024, as well as exploring consortia and investment by businesses from both countries. They expressed their commitment to facilitate cooperation between customs authorities and

August 30, 2024

News Desk

No decision on Roosevelt sales model

Islamabad: The board of the Privatization Commission (PC) again failed to reach a decision on how to privatize the Roosevelt Hotel, New York, as its members remained divided over the options of letting the prime property on a 99-year lease or developing it under joint venture. There was also no consensus on whether to privatize the hotel through a competitive bidding process or through a government-to-government agreement. The Roosevelt Hotel is located in the heart of New York and is part of the metropolitan city’s 1% most sought-after land. Federal Privatization Minister Abdul Aleem Khan chaired the PC board meeting.

August 27, 2024

News Desk

Hubco unveils plans to mine minerals

KARACHI: Hub Power Company (Hubco) has announced that it will further diversify its business portfolio by entering the mining sector to boost its earnings as its core business of generating electricity from expensive oil continued to weigh on its economic value. government amid the energy pricing crisis in the country. Along with the diversification announcement, the company on Monday reported a net consolidated profit of Rs 75.29 billion for the year ended June 30, 2024, up 21.5% from Rs 62 billion in the previous year, on the back of notable profits from affiliated companies. It translated to earnings per share

May 29, 2024

News Desk

BRI projects to be revived: Iqbal

Islamabad: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Tuesday that the government hoped to give new impetus to projects under China’s Belt and Road Initiative (BRI) as it sought to boost the country’s struggling economy. “The government is looking forward to setting up joint ventures for renewable energy projects, agricultural production and possibly luring some Chinese companies to relocate to Pakistan,” Iqbal, who also heads the committee working on the China-Pakistan Economic Corridor project (CPEC). , he said in an interview with Bloomberg. “I am very optimistic because I was in China recently and had

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